South Carolina Electric & Gas Company Files for Decrease to Natural Gas Rates Under Rate Stabilization Act
Monday, June 18th, 2018
South Carolina Electric & Gas Company, principal subsidiary of SCANA Corporation, filed with the Public Service Commission of South Carolina and the South Carolina Office of Regulatory Staff for a $22.6 million, or 5.29 percent, overall decrease to its retail natural gas base rates. The decrease is driven by the lower corporate tax rate under tax reform and the Company’s operating results.
SCE&G filed for a decrease under the terms of the Natural Gas Rate Stabilization Act, a South Carolina law designed to improve and maintain natural gas service infrastructure to meet the needs of customers.
If approved, the rate decrease would be effective with the first billing cycle of November. Residential natural gas customers would see their bills decrease by approximately 7.4 percent, or $4.09 per month, based on average annual usage.