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Federal judge allows the SCE&G “Temporary” Rate Cut-back to Proceed

  • By Admin
  • August 7, 2018
  • 19 Views

Beginning today, SCE&G customers will see a 15% reduction in their electric bills; a federal judge allowed the temporary rate cut-back to take effect, sealing a major victory for the S.C. State Legislature. It is estimated that the average customer will save $22 a month but since the rate cut-back backdates to April and goes through to the end of the year, the rate cutback from the April, May, June, and July bills will be applied in August.  Beginning in 2019, a new electric rate will be established by the PSC (Public Service Commission); the PSC stated that they needed until the end of the year to decide whether to cut all or some of the charges related to the failed nuclear plant expansion at VC Summer.  However, lawmakers passed a temporary 15% rate cut-back and SCE&G moved to block it in federal court but that was overruled by a federal judge on Monday, August 6th. This could impact the proposed sale of SCANA (parent company of SCE&G) to Dominion since the rate cut-back will cost SCANA about $270 million.

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