Sunday, July 3 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 27
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Another $61M in refunds for SC customers in nuclear plant lawsuit


    May 5, 2022 - Sophie Brams

     

      COLUMBIA, S.C. (WCBD)- A judge has approved a second round of refunds for electric ratepayers of Dominion Energy South Carolina totaling $61 million as part of the settlement agreement over a failed nuclear plant.

      The latest approval ends a years-long class-action lawsuit against the company over V.C. Summer, a nuclear power plant in Columbia that never came online despite Dominion Energy customers paying more than $2 billion for it.

      Approximately 1.1 million members will be eligible to receive a portion of the settlement funds which are expected to go out later this year as either a bill credit or check. The payout amount will be the same as the first round of settlements.

      A 2017 News 2 investigation revealed that the Public Service Commission approved nine rate hikes for SCE&G over the course of the project, collecting roughly $37 million each month from customers. Two of those rate hikes were approved after lawmakers said the utility companies knew the project could not be finished.

      "The parties have worked cooperatively to reach an agreement to bring closure to this matter. Dominion Energy is pleased to have assisted in this timely and reasonable resolution in the best interest of our customers," Dominion Energy South Carolina spokesperson Rhonda O'Banion said.

      Dominion Energy acquired SCE&G's parent company SCANA in January 2019.

    TOP

    Other Articles - Generation


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.