Cayce, SC, January 15, 2010...South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), today filed an application with the Public Service Commission of South Carolina (PSC) requesting a 9.52 percent overall increase in retail electric base rates. A public hearing on SCE&G’s application is expected to be held by the PSC in May or early June.
“Recognizing the financial challenge that this increase will represent for many of our customers, we’ve asked the Commission to phase in this increase in three stages over the next 18 months,” said SCE&G President Kevin Marsh. “We believe the phase-in approach balances the impact on our customers with the company’s need to recover its costs.”
The full press release with financial data is available in Adobe PDF format: