As South Carolina nuclear hearings end, the fate of SCE&G's rates are in regulators' hands
COLUMBIA — After weeks of high-stakes hearings, the fate of South Carolina’s failed nuclear project is in regulators’ hands.
The state’s Public Service Commission now has one month to answer two of the biggest questions ever to face South Carolina’s energy sector: Who should pick up the tab for a pair of scuttled reactors, which cost billions? And should the owner of South Carolina Electric & Gas be sold to a Virginia utility giant?
The seven regulators on the commission have heard testimony about the demise of the reactors for the past three weeks. SCE&G has argued that everyone, including regulators, knew the project was risky and facing stiff problems. Its opponents have said the utility hid key reports and sought to deceive regulators.
Depending on whose side regulators take, billions of dollars hang in the balance. SCE&G owned just over half of the $9 billion project, and its customers have already paid more than $2 billion into it.
Read more: https://www.postandcourier.com/business/as-sc-nuclear-hearings-end-the-fate-of-sce-g/article_8c990d6a-edbc-11e8-8b0a-1350004e7841.html