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SCE&G wants to raise rates another 2.8 percent - Live5News.com | Charleston, SC | News, Weather, Sports

SCE&G wants to raise rates another 2.8 percent

South Carolina Electric & Gas has filed its annual review with state regulators to raise rates to pay for two new nuclear reactors near Columbia.

The company filed its request last week with the state Public Service Commission to raise residential rates 2.8 percent. That would mean another $3.50 for a customer using 1,000 kilowatt hours a month for a total bill of $130. Business, government and other customers would see varying increases of more than 2 percent.

In 2009, regulators said the company could raise electricity rates an average of 2 percent a year for 10 years to prepay financing for the $10 billion nuclear reactors it is building in Jenkinsville with state-owned utility Santee Cooper. The increases still have to go through an annual review process.

Copyright 2011 by The Associated Press. All Rights Reserved.

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