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Panel to hold final hearing on SCE&G rate hike request

Staff Report
Published Nov. 27, 2012

The state Public Service Commission will hold its final public hearing tonight on South Carolina Electric & Gas’ request to increase overall base retail electric rates.

The session will begin at 6 p.m. at commission headquarters in Columbia, 101 Executive Center. The building is in an office park near the Bush River Road and Interstate 20 interchange.

People attending the hearing may testify before the commission about SCE&G’s rate hike request.

On June 29, SCE&G applied for an overall rate increase of 6.6% to cover costs associated with improving system reliability and complying with environmental regulations.

However, Cayce-based SCE&G announced Nov. 19 that it had lowered the request to an overall increase of 4.23% after signing a memorandum of understanding with a number of interveners, including the state Office of Regulatory Staff.

Also signing the memo were Wal-Mart, Sam’s Club, the Department of Navy, American Association of Retired People and Frank Knapp Jr., president and CEO of the S.C. Small Business Chamber of Commerce.

The new rate request, scheduled to go into effect Jan. 1, would raise about $97 million in additional revenue, down from about $151 million that SCE&G, the principal subsidiary of SCANA Corp., had originally requested.

The commission, which has to approve any rate increase, has held public meetings in Graniteville and North Charleston.

Previous coverage

SCE&G agrees to trim rate hike request
State agency to hold hearings on SCE&G’s rate hike request

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