NORTH CHARLESTON, S.C. (AP) – Consumer and business groups want state regulators to look at how South Carolina Electric & Gas is paying for two new nuclear reactors.
The South Carolina Small Business Chamber of Commerce and AARP are questioning the pay-as-you go method for building reactors at the V.C. Summer Nuclear Station in the Midlands expected to cost $10 billion.
Frank Knapp Jr., the chief executive officer of the chamber, says that instead of approving rate hikes for cost overruns, the state should require SCE&G to pay the full construction cost and seek rate increases later for additional costs.
The utility is now requesting another 2.8 percent rate increase.
SCE&G spokesman Eric Boomhower tells The Post and Courier the state looks out for consumers with rate reviews by the Office of Regulatory Staff.