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Stop the Blank Check’ Coalition
‘Stop the Blank Check’ Coalition forms to oppose SCE&G rate hikes
South Carolina Small Business Chamber of Commerce President Frank Knapp announces his organization is joining a group of environmental and social work organizations to oppose a rate increase by South Carolina Electric & Gas to pay for cost overruns on two new nuclear plants. The nuclear plants are $4 billion over budget and years behind schedule. Jeffrey Collins AP
BY RODDIE BURRIS
COLUMBIA, SC
A statewide coalition has formed to fight SCE&G’s ability to raise electric rates in South Carolina for nuclear construction when a project goes over budget and falls years behind schedule.
...
Stop The Blank Check is a coalition of organizations that want the South Carolina Public Service Commission to deny SCE&G’s pending request to increase the cost of the two reactors by $846 million and to raise electric rates by 3 percent.
“This coalition has come together to oppose both of those (requests),” said Frank Knapp, president and CEO of the South Carolina Small Business Chamber of Commerce and a coalition organizer. “We ask, if they are going to have a rate hike, let it be smaller. If they are going to have an increase in costs, which they will, that it be smaller.”
...
The total projected cost of the nuclear construction at V.C. Summer has risen by $2.46 billion since 2009, Boomhower noted, rising from $11.4 billion to $13.8 billion currently, a 21.6 percent increase. The Unit 2 reactor completion date has slid from 2017 to 2019 and the Unit 3 reactor completion has fallen from 2018 to 2020....
South Carolina Small Business Chamber of Commerce President Frank Knapp announces his organization is joining a group of environmental and social work organizations to oppose a rate increase by South Carolina Electric & Gas to pay for cost overruns on two new nuclear plants. The nuclear plants are $4 billion over budget and years behind schedule. Jeffrey Collins AP
BY RODDIE BURRIS
COLUMBIA, SC
A statewide coalition has formed to fight SCE&G’s ability to raise electric rates in South Carolina for nuclear construction when a project goes over budget and falls years behind schedule.
...
Stop The Blank Check is a coalition of organizations that want the South Carolina Public Service Commission to deny SCE&G’s pending request to increase the cost of the two reactors by $846 million and to raise electric rates by 3 percent.
“This coalition has come together to oppose both of those (requests),” said Frank Knapp, president and CEO of the South Carolina Small Business Chamber of Commerce and a coalition organizer. “We ask, if they are going to have a rate hike, let it be smaller. If they are going to have an increase in costs, which they will, that it be smaller.”
...
The total projected cost of the nuclear construction at V.C. Summer has risen by $2.46 billion since 2009, Boomhower noted, rising from $11.4 billion to $13.8 billion currently, a 21.6 percent increase. The Unit 2 reactor completion date has slid from 2017 to 2019 and the Unit 3 reactor completion has fallen from 2018 to 2020....
Read more here: http://www.thestate.com/news/business/article90377452.html
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