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Dominion's decision to "pause" its rate hike request will temporarily delay the company's goal of collecting an extra $178 million per year from its ratepayers, which are scattered around Columbia, Charleston, Orangeburg and Beaufort.
Dominion Energy customers will get another opportunity to weigh in on the utility's newly proposed rate hike, which could increase the monthly power bills for 753,000 ratepayers in South Carolina starting next year.
State Circuit Judge Roger Young issued an order on Monday saying Santee Cooper, South Carolina's state-run utility, still has a right to sell electricity to Century's Mount Holly plant.
Goose Creek residents voted to create a new municipal electric utility last year, and the mayor and city council officially formed that utility earlier this year with the expectation of supplying power to a single customer: Century.
When contacted he said: "The only comment appropriate for me to make at this time is my departure was not voluntary."
At first glance, Florida-based NextEra’s mammoth offer for Santee Cooper includes a whopping $1.1 billion in cash “for the benefit of the state.” But upon closer inspection, the deal shows that money could be swallowed up by long-term liabilities NextEra plans to leave with the state as it privatizes the 86-year-old electric and water utility.
The payments will come in the way of $3.4 million in credits for the customers, which are members of the co-op.
South Carolina Electric & Gas customers’ power bills will fall 15 percent on Tuesday after a federal judge allowed a temporary rate cut to take effect, sealing a major victory for the state Legislature.