By MEG KINNARDAssociated Press
COLUMBIA, S.C. (AP) - State regulators have approved a request by South Carolina Electric and Gas to increase its electric rates by about 3% to help pay for the costs of building two new nuclear reactors.
The state Public Service Commission on Wednesday approved the increase, which goes into effect Oct. 30.
The change means that residential customers using 1,000 kilowatt hours of electricity would see their bills increase $4.17 per month, to $142.28.
SCE&G asked for the increase in June, its sixth such request in four years.
Many of those increases are to pay the $10 billion needed to build a pair of nuclear reactors at the V.C. Summer Nuclear Station north of Columbia. SCE&G will jointly own the reactors with state-owned Santee Cooper.
Kinnard can be reached at http://twitter.com/MegKinnardAPCopyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.