SCE&G, Charlestons largest power provider, seeks to increase electricity rates by 6.61%
South Carolina Electric & Gas today filed for a 6.61 percent overall increase in its retail electric base rates.
The monthly bill of a residential customer would increase $6.67 a month, or about $80 a year, for each 1,000 kilowatts used. SCE&G is the Charleston regionís largest power provider.
The Cayce-based utility said the increase is being primarily driven by higher costs associated with reliability of its power grid and regulatory compliance as well the expiration of a large, undisclosed power sales contract.
A public hearing on SCE&Gís request is expected to be held in the fall. The company is asking that the higher rates take effect in January by the following amounts:
Residential customers: 4.85 percent;
Small commercial customers: 1.36 percent;
Medium-size commercial customers: 2.78 percent; and
Large commercial/industrial customers: 3.69 percent.
See Saturdayís editions of The Post and Courier for more details.