SCE&G Announces Settlement on Construction and Capital Cost Schedules for New Nuclear Units

South Carolina Electric & Gas (SCE&G) announced on September 1 that it had entered into a settlement agreement related to its original petition (Docket No. 2000-366-A) to the South Carolina Public Service Commission (PSC) to increase the cost of constructing its two nuclear plants at the V.C. Summer Station in Jenkinsville by $846 million and to raise overall electricity rates by 3.06 percent to pay for construction financing costs of the plants.

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