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