Santee Cooper is proposing a three-year rate adjustment that, if approved, would begin in April 2016. The main factors driving the rate adjustment include continued construction expenses associated with nuclear units at V.C. Summer Nuclear Station and slower than expected load growth following the last recession.
The proposed rate adjustment would increase rates across all customer groups by an average 2.7 percent annually for the three-year period. Specifically, the proposal recommends increases of an average 5.3 percent in 2016, 2.1 percent in 2017 and less than 1 percent in 2018. The rate proposal also includes a new rider for customers who want to install rooftop solar panels at their home or business and connect them to the Santee Cooper grid.
Santee Cooper invited the public to comment online, by mail or in person at one of five public meetings. The comment period ended on Aug. 27, 2015. The board also invites the public to make comments at their meeting at 1:30 p.m. on Oct. 16 at the Waccamaw Branch of the Georgetown County Public Library (41 St. Paul Place, Pawleys Island). The board of directors is scheduled to vote on new rates in December.