COLUMBIA, S.C. (AP) - South Carolina regulators are hearing testimony on a request by the state's largest privately owned utility to raise power rates by five percent.
The Public Service Commission's hearing started Monday on the request from South Carolina Electric & Gas Co. and could last for several days.
The company has reduced its original rate request by half to get more in line with the rate recommended by the state Office of Regulatory Staff. The state agency that represents consumers in utility cases also has suggested SCE&G spend more than $48 million in state tax credits that would reduce power bills over the next two years.
If the company's request is approved, a customer using 1,000 kilowatt hours of electricity a month would pay $5.79 more.
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