Business Services Industry
Speakers Oppose South Carolina Electric & Gas Co.'s Proposed Rate Hikes.
Knight Ridder/Tribune Business News, November, 2002
By Dave L'Heureux, The State, Columbia, S.C. Knight Ridder/Tribune Business News
Nov. 19--South Carolina Electric & Gas Co.'s proposed electric rate increases will hurt retirees, working people and businesses, speakers told utility regulators Monday.
SCE&G wants to raise electric rates by $112 million per year, starting February, largely to boost its generating capacity. It is asking the S.C. Public Service Commission to let it increase those rates.
The SCANA Corp. subsidiary wants to raise rates, ranging from 5.4 percent for industrial customers to 14 percent for small businesses. The average residential customer would pay 7 percent more a year.
Three people who testified Monday before the commission said the proposed...
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