Big utility rate hikes need more scrutiny

AR-150629352.jpg&maxw=800&q=90

South Carolina 6/28/15 — With SCE&G’s electrical rates growing 26 percent over the last five years, protecting the consumers’ interest has never been more important.

Unfortunately, the consumer was the loser in the state’s recent decision to allow the utility to keep confidential part of its rate hike request.

The information in question dealt with financing costs for the construction of two new nuclear reactors at the V.C. Summer site in Fairfield. SCE&G claimed the information contained “trade secrets” protected under the Freedom of Information Act.

Read the whole article: Charleston Post & Courier

 

Share Button