Download This Version in Microsoft Word format
TO REQUEST SOUTH CAROLINA ELECTRIC AND GAS COMPANY TO DELAY ITS REQUEST FOR A NINE AND ONE-HALF PERCENT RATE INCREASE IN RETAIL ELECTRIC RATES THAT IT PLANS TO REQUEST IN MAY OR JUNE OF THIS YEAR.
Whereas, South Carolina is presently suffering one of the worst economic climates in its history; and
Whereas, November unemployment rate in South Carolina was 12.3 percent, one of the highest in the nation; and
Whereas, presently South Carolina and Electric and Gas Company's (SCE&G) current cost of electricity for a residential customer is the highest of the state's major electric companies; and
Whereas, the announcement by SCE&G runs counter to the national pricing trend of electric rates; and
Whereas, the federal Energy Information Administration has projected that energy costs are going down with the cost of coal and natural gas expected to fall during the year 2010; and
Whereas, in light of these unprecedented economic times, SCE&G should delay its rate request until a more prudent time to help customers, recover from the stress the economy has placed on customers' jobs, families, and lives. Now, therefore,
Be it resolved by the Senate, the House of Representatives concurring:
That the members of the South Carolina General Assembly request the South Carolina Electric and Gas Company delay its request for a nine and one-half percent rate increase in retail electric rates that it plans to request in May or June of this year.
Be it further resolved that a copy of this resolution be forwarded to the President and CEO of SCANA Corporation, the corporate parent of SCE&G.
This web page was last updated on January 26, 2010 at 2:05 PM