COLUMBIA (AP) A utility in South Carolina is preparing to tell a federal judge why customers should keep paying for the multi-billion-dollar failure of its nuclear project.
A hearing is scheduled July 30 in Columbia. South Carolina Electric & Gas Co. is suing the Public Service Commission, seeking to stop implementation of a law slashing rates by 15 percent.
SCE&G and state-owned utility Santee Cooper abandoned the V.C. Summer Nuclear Station project last year following the bankruptcy of contractor Westinghouse.
SCE&G ratepayers have already paid more than $2 billion toward the company’s debt.
The utility says the law allowing the temporary rate cut to take effect in August is unconstitutional.