CONWAY (AP) — Court documents show the Horry Electric Cooperative will spend $6 million to settle claims that a program designed to reduce energy costs in new home construction caused moisture and mold growth inside the walls of some homes.
Circuit Judge Benjamin Culbertson approved a settlement in the class action lawsuit late last week.
Horry Electric Cooperative did not admit to any wrongdoing in the settlement.
The utility has identified nearly 1,100 customers whose homes were built between 1998 and 2003 that were enrolled in the Good Cents program. Those homeowners will receive between $2,000 and $12,000, depending on the extent of damage. The money will help consumers recover repair costs and construction expenses.
Experts say the requirements of the Good Cents program resulted in wall and insulation damage, promoting mold growth.