MONCKS CORNER, S.C. – The Santee Cooper Board of Directors today authorized a public comment period for a proposed two-year rate adjustment beginning in 2018.
The public comment period continues through Sept. 22, with options to comment online or by regular mail. People may also comment in person during a series of meetings in August.
The proposed rate adjustment would increase rates across all customer groups by an average 3.7 percent each year for the two-year period. Specifically, the proposal recommends increases of an average 3.5 percent in 2018 and 3.9 percent in 2019.
A typical residential customer using 1,000 kilowatt-hours of electricity a month now pays $127.60 a month. Under the proposal, that would increase $6.20 a month beginning April 1, 2018, and an additional $6.10 monthly beginning April 1, 2019. The proposed rate adjustment would also affect commercial, industrial and lighting customers.
More information is available at www.santeecooper.com/rates, and comments can be submitted online at that webpage. Comments can also be mailed to Santee Cooper, Attn: Rates M301, P.O. Box 2946101, Moncks Corner, SC 29461.
In addition, Santee Cooper management will present information about the rate proposal and take oral comments during meetings at the following locations:
- Aug. 14 at 6 p.m.: Santee Cooper Headquarters, 1 Riverwood Dr., Moncks Corner
- Aug. 15 at 2 p.m.: North Myrtle Beach City Hall, 1120 Second Ave. South, North Myrtle Beach
- Aug. 15 at 6 p.m.: Waccamaw Branch Georgetown County Library, 41 St. Paul Place, Pawleys Island
- Aug. 16 at 2 p.m.: Santee Cooper Conway Office, 100 Elm St., Conway
- Aug. 16 at 6 p.m.: Myrtle Beach Law Enforcement Center, 1101 N. Oak St., Myrtle Beach
The board will offer a final opportunity for public comments on Friday, Oct. 13, and is scheduled to vote on the rate adjustment at its Dec. 11 meeting. Primary drivers for the proposed rate adjustment are slow load growth and costs associated with nuclear construction and other system improvements, as well as environmental compliance.
Santee Cooper is South Carolina’s largest power provider, largest Green Power generator and the ultimate source of electricity for 2 million people across the state. Through its low-cost, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper powers South Carolina. To learn more, visit www.santeecooper.com.
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