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Public meeting to address SCE&G rate hikes - Live5News.com | Charleston, SC | News, Weather, Sports

Public meeting to address SCE&G rate hikes

Photo Source: AP Photo Source: AP
SOUTH CAROLINA (WCSC) -

Construction on two nuclear power plants, in Jenkinsville, South Carolina, is nearly two years behind schedule which could mean increased utility rates for South Carolinians in the coming months. 

On Tuesday, AARP South Carolina and the South Carolina Small Business Chamber of Commerce will voice concerns at a news conference. 
It will be held at 11 am at the Charleston Marriott. That's located at 170 Lockwood Blvd. 

The rate increases could add about $48 a year to a typical residential bill, starting in October.

SCE&G has asked state regulators for monthly rate hikes ranging from about 2.8% to as much as 3%.
The new increases are the latest in a series of annual rate hikes that go back about seven years.

The new increases are the latest in a series of annual rate hikes that go back about seven years.
It would cover financing costs for construction of the company's new nuclear plants at the V-C Summer site in Jenkinsville, South Carolina.
The first unit was originally supposed to go online in 2017, but that's been pushed back to 2019.
According to SCE&G, the entire project is running $514 million over its original estimated cost. 

The increases are allowed under the 2007 state law known as the Base Load Review Act.

The South Carolina Public Service Commission also head two public meetings last month in Columbia to address these hikes. 

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