The South Carolina Public Service Commission approved a 3.02 percent rate increase Wednesday to help finance two nuclear units being built by South Carolina Electric and Gas. The rate hike is scheduled to take effect October 30. It is expected to generate $67.2 million.
The increase will raise a residential customer’s monthly bill $4.17 per 1000 kilowatt-hours. The rate increase will be used to cover the cost of capital on additional construction work at the V. C. Summer nuclear units two and three near Jenkinsville.