Public hearing held on SCE&G rate hike request
SOUTH CAROLINA - State utility regulators are considering a request by South Carolina Electric & Gas Co. for a midyear rate increase based on increased fuel costs.
The state Public Service Commission held a public hearing on the company's request, but did not make a decision. The commission could formally take a vote on the request as early as Oct. 29.
The state agency that serves as a watchdog on utility cases has brokered an agreement between the company and those opposed to the rate increase that would allow SCE&G to charge an additional 6 percent — about half what the company wanted.
According to the Office of Regulatory Staff, typical customers using 1,000 kilowatt hours a month would be charged about $6 more each month. The office said that would result in about a $114 monthly bill.
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The 340 mile (547 km) transmission line is a proposed underwater and underground high-voltage direct current power transmission line to deliver the power from Quebec, Canada, to Queens, New York City. The project is being developed by Montreal-based public utility Hydro-Quebec (QBEC.UL) and its U.S. partner Transmission Developers.
The converter station for the line will be the first-ever transformation of a fossil fuel…
