Your monthly electric bill is based on the number of kilowatt hours of electricity that you use. Your rate is based on several cost factors.
Fuel to generate electricity
A direct pass-through of the costs of fuel to run power plants; SCE&G doesn’t profit from this portion of the rates
Providing customers with safe &
Costs associated with building, maintaining, improving and operating SCE&G’s electric system
Property taxes, income taxes and other taxes
The costs and interest associated with financing investments in the SCE&G infrastructure system (power plants, lines, transformers, etc.)
3,400 dedicated employees focused on providing SCE&G’s customers with safe and reliable electric service
The largest percentage goes to fuel to generate electricity. Currently, about 35 cents of each dollar you spend on electricity pays for the coal, uranium or natural gas we must purchase to fuel SCE&G's power plants. These fuel costs are passed directly to you with no markup – we don't make a profit on these costs. This portion of your rate is adjusted annually, up or down, based on our actual costs.
The next largest percentage goes to providing customers with safe and reliable service. This includes the costs involved with building, maintaining, improving and operating the system that allows us to deliver electricity to your home (operating power plants; maintaining wires, poles and transformers; service trucks; safety equipment; etc.).
In addtion to fuel and operation costs, rates include taxes (property taxes, income taxes and other taxes); shareholder return (the return to shareholders whose dollars fund the capital projects necessary to build and maintain the electric system); financing costs (the costs and interest associated with financing investments in SCE&G's infrastructure system such as the buidling of power plants, lines, transformers, etc.); and employee salaries (3,400 dedicated employees focused on providing you with safe and reliable electric service).