Reported by Matt Long, SCRN
South Carolina Electric and Gas Friday trimmed its planned rate increase over the next three years. Under the new proposal, rates would go up by about five percent over that time, which is less than half the original amount. The move comes after a public outcry when the utility announced a 9.5 percent increase last month to help pay for a new nuclear reactor.
The Office of Regulatory Staff instead recommended the new rate which would increase the average bill by about six dollars per month if approved. However, homeowners in the Midlands may not be quite off the hook. The City of Columbia is considering an additional two percent increase to help the city pay off its current budget deficit.