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SCE&G Files for Decrease to Natural Gas Rates

Cayce, SC, June 13, 2014 … South Carolina Electric & Gas Company today filed with the Public Service Commission of South Carolina (PSC) for a 0.66 percent overall decrease to its retail natural gas base rates.

SCE&G filed for the decrease under terms of the Natural Gas Rate Stabilization Act, a South Carolina law designed to reduce significant fluctuations in customer rates by allowing for more efficient recovery of the costs that regulated utilities incur in expanding, improving and maintaining natural gas service infrastructure to meet the needs of customers. Information supporting the filing will be reviewed by the South Carolina Office of Regulatory Staff (ORS), which will issue an audit report by Sept.1. The PSC will review SCE&G’s filing and the ORS audit report and issue an order by Oct. 15. If approved, the rate decrease would be implemented with the first billing cycle of November.

The proposed overall 0.66 percent decrease to natural gas rates breaks out as follows:

  • 1.2 percent decrease for residential customers
  • 0.58 percent decrease for small/medium commercial customers
  • 0.31 percent decrease for large commercial/industrial customers.

If the request is approved, residential customers would pay about $8 less a year for natural gas based on average annual usage.

PROFILE

South Carolina Electric & Gas Company is a regulated public utility that provides natural gas service to approximately 332,000 customers throughout South Carolina. The company also is engaged in the generation, transmission, distribution and sale of electricity to approximately 681,000 customers throughout the state. More information about SCE&G is available on the company’s web site at www.sceg.com.