Post Tagged with: "SCE&G"

TALLY SHEET:  House members pressing full steam ahead on utilities

TALLY SHEET:  House members pressing full steam ahead on utilities

Staff reports  |   The House Judiciary Committee will meet Tuesday to debate a packet of subcommittee-approved bills that seek to rein in electric utilities and overhaul utility regulations.

Committees generally don’t do a lot of heavy lifting between legislative sessions.  But after two utilities, SCE&G and Santee Cooper, pulled out of a $14 billion plan to expand a nuclear plant after spending $9 billion, lawmakers heard loud and clear from constituents that something needed to be done.

by · 11/17/2017 · News, Politics, Tally Sheet
TALLY SHEET: Utility, other bills prefiled in S.C. House

TALLY SHEET: Utility, other bills prefiled in S.C. House

Staff reports  |  House Speaker Jay Lucas today assigned six utility-related bills to the House Judiciary Committee after the bills were introduced during a pre-filing period.

The bills, part of the “Utility Ratepayer Protection Package,” follow the summer debacle of the V.C. Summer nuclear facility collapse, an incomplete project abandoned by two utility companies after $9 billion of spending.

One of the six bills includes this language, which refers to an act passed to help utilities pay for construction as it was being built:  “The Base Load Review Act was abused, material information was withheld from regulators, and regulators were intentionally misled, all of which contributed to the Public Service Commission approving rate increases that otherwise would not have been approved and which were inconsistent with the intent of the General Assembly and the law of South Carolina.”

by · 11/09/2017 · News, Tally Sheet
Construction at the Summer site.

NEWS BRIEFS: Nuclear fallout at Statehouse, a Q&A and impact of life sciences

In the wake of billions spent on nuclear reactors that will remain unfinished for the foreseeable future, South Carolina lawmakers this week established a bipartisan caucus, and others will reconvene for a special Senate committee meeting this month.

On Monday, Santee Cooper and South Carolina Electric & Gas (SCE&G) abandoned the over-budget V.C. Summer project that has already cost $9 billion. Some of that money was raised by SCE&G on the backs of ratepayers, enabled by a 2007 act by the General Assembly.

Also: Six Questions with Santee Cooper and the impact of the life sciences industry in S.C.

by · 08/03/2017 · News, News briefs
NEWS: Lawmakers, nonprofits seek remedy for stalled nuclear construction

NEWS: Lawmakers, nonprofits seek remedy for stalled nuclear construction

By Lindsay Street, Statehouse correspondent  |  The construction of two nuclear towers at the V.C. Summer plant in Jenkinsville is continuing to shine a spotlight on a 2007 law that lawmakers and two nonprofits say enables unneeded or risky energy projects, while consumers unfairly shoulder those costs.

Friends of the Earth and Sierra Club this week released a report, “Failure of the Nuclear Gamble in South Carolina,” which focused on their June 22 complaint to a state regulatory agency that the $14-billion project should be halted and ratepayers should be reimbursed.

The V.C. Summer plant expansion project is owned 55 percent by SCANA’s South Carolina Electric & Gas and 45 percent by state-owned utility Santee Cooper. …

by · 07/21/2017 · News
Construction at the Summer site.

NEWS: Will S.C.’s new reactors melt down like roads, pensions?

By Bill Davis, senior editor | There are several “nightmare scenarios” swirling around two incomplete and incredibly expensive nuclear reactors being built in the Midlands in Jenkinsville and what damage they could do to ratepayers’ wallets.

The ongoing work on the reactors, a joint effort of Santee Cooper and SCE&G, at the V.C. Sumner facility appears to be over budget and behind schedule, according to company documents.

But what’s more concerning to many is that the company building the reactors, Westinghouse, filed for Chapter 11 bankruptcy protection in the face of what may be billions of dollars of corporate losses. Westinghouse’s parent company, Japan’s Toshiba, has promised an unknown amount of money to help guarantee completion, according to published reports.

by · 04/21/2017 · News
V.C. Summer Nuclear Station Unit 1, 2013.  Source:  DJSlawSlaw, via Wikimedia.

COUICK: Best decision made for two nuclear units

By Michael N. Couick, special to Statehouse Report | The consumers’ advocates at the state Office of Regulatory Staff negotiated an important settlement that could have a positive effect on millions of South Carolina electricity users, and we hope the state Public Service Commission will agree.

The agreement was reached between SCE&G and a number of parties, including electric cooperatives, that intervened in an SCE&G request to the PSC about construction contract changes for two nuclear power units being built near Columbia. The agreement grew out of SCE&G’s request for a so-called “fixed price option,” which the utility claimed would provide more cost-certainty for a project that has gone several billion dollars over budget so far.

by · 09/30/2016 · Commentary, My Turn
SCORECARD: Thumbs up on new efforts; Down on corruption, fear

SCORECARD: Thumbs up on new efforts; Down on corruption, fear

Scorecard for the week ending July 29, 2016:

Thumbs up for a new task force on prosecution of law enforcement officers, a new pension reform committee, Democrats on the front page of the New York Times and Mercedes.

Thumbs down on the death of former state Rep. Bill Cotty, DOT corruption, heat, fear-mongering and SCE&G’s rates.

by · 07/29/2016 · Features, Scorecard
SCORECARD:  From the champion Chants to another rate increase

SCORECARD: From the champion Chants to another rate increase

Thumbs up this week to the Coastal Carolina Chanticleers, lower gas prices and the General Assembly’s first openly gay lawmaker. In the middle for Gov. Nikki Haley and S.C. State. Thumbs down on State Treasurer Curtis Loftis and another proposed rate increase by SCE&G.

by · 07/01/2016 · Features, Scorecard