SC Public Service Commission approves cost projection update for - wistv.com - Columbia, South Carolina

SC Public Service Commission approves cost projection update for nuclear build

COLUMBIA, SC (WIS) -

The South Carolina Public Service Commission voted on Wednesday to allow SCE&G to change the schedules for both costs and completion of the utility's new nuclear plants in Jenkinsville.

Commissioners voted unanimously to let the company update its cost projections for the twin plants.

The change adds another $698 million in expenses and moves the completion date for the first unit to 2019, with the second expected to be ready in 2020.

The project's cost overruns and delays continue to draw fire from critics.

“We've taken all the risks, we've assumed all the costs,” said Tom Clements with SRS Watch. “And the Public Service Commission won't even require that the portion of the bill going to pay in advance for the nuclear projects be listed on the bill.”

A spokesman for SCE&G said the vote does not constitute a rate hike.

He said the company is trying to recover costs that have resulted from problems with contractors.

Copyright 2015 WIS. All rights reserved.

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