- Associated Press - Monday, September 21, 2015

COLUMBIA, S.C. (AP) - A state agency says it will analyze a law that has helped lead to annual rate increases totaling 27.7 percent in South Carolina Electric and Gas customers’ bills.

The Post and Courier of Charleston (https://bit.ly/1FWYDoF ) reports that South Carolina’s Office of Regulatory Staff announced last week that it will determine whether the Base Load Review Act of 2007 is the best method for funding construction of large utility projects such as nuclear power plants.

Groups such as the AARP say rate increases, which are being used to pay for construction of two new reactors in Jenkinsville, put an unfair burden on consumers.

SCE&G; says its pay-as-you-go financing will lower the reactors’ construction costs by $1 billion and ultimately save consumers about $4 billion in electric rates.


Information from: The Post and Courier, https://www.postandcourier.com

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