South Carolina Electric & Gas came back hard Tuesday after state regulators proposed $1.5 billion in sanctions against them.
The Office of Regulatory Staff proposed the sanctions last week, saying the utility had disregarded an order from the state Public Service Commission (PSC) to release its documents related to the “Bechtel Report” — an audit of the ill-fated V.C. Summer nuclear expansion. SCE&G is withholding 57 documents it identified as privileged under certain legal exceptions.
“SCE&G did exactly what it said it would do,” the utility responded in its own filing. “There is nothing inappropriate, let along sanctionable, about logging documents as privileged.”
The PSC will make the final decisions on any sanctions — if it even sees them necessary — in a future meeting. The commission is already considering whether SCE&G should be able to continue charging ratepayers to pay back debt on the V.C. Summer project. [Read more…]