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Dominion Energy puts S.C. rate increase on hold for at least 6 months

 Photo courtesy: TruNorth Federal Credit Union
Photo courtesy: TruNorth Federal Credit Union (WLUC)
Published: Jan. 12, 2021 at 8:25 AM EST
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COLUMBIA, S.C. (AP) — Dominion Energy has agreed to delay its request to raise electric rates in South Carolina for six months because of economic problems caused by the COVID-19 pandemic.

The Virginia-based utility asked regulators to approve a 7.7% rate hike it said was needed to pay for improvements to the system in the state it bought from SCANA Corp. in 2019.

The increase would collect an extra $178 million a year from Dominion’s 750,000 South Carolina customers.

The South Carolina Public Service Commission was holding hearings this month to consider the rate increase.

The Office of Regulatory Staff, a state watchdog organization, asked Dominion to put the rate increase on hold.

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