THE HIGH COST OF NEW NUCLEAR STRIKES AGAIN

SCE&G customers facing seventh rate increase for nuclear project

Roddie Burris, May 30, 2014 (The State)

“South Carolina Electric & Gas Co. customers would pay an extra $50 a year on average [$236 more per year in 2014 than in 2008, a 37 percent increase] for their electric bills starting in October [for five years] if the utility’s request for a rate hike is approved…[The increases are] to pay for two new nuclear plants under construction…[The request is with the S.C. Public Service Commission to raise rates 2.99 percent overall to cover $70 million in construction costs for the past year…[for the $9.8 billion] two new reactors at the Summer site…The first new 1,117-megawatt reactor is scheduled to begin power generation at the end of 2017 or beginning of 2018, with the twin Westinghouse reactor powering up 12 months later…This would be the seventh rate increase since 2009 under South Carolina’s controversial Base Load Review Act…[which] allows the utility to increase rates for current customers to pay for construction of the nuclear plants before they go into operation…” click here for more

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