Letters: PSC rubber-stamping SCE&G rate increases

It is past time to terminate the Public Service Commission for its disservice to SCE&G’s customers.

Another year and another rubber stamp of SCE&G’s proposed rate increase, much of it driven by the huge cost overruns on the two nuclear power plants under construction. A large fraction of our monthly bills is due to these yearly cost overruns.

The rubber-stamping PSC should be disbanded and replaced with another governmental entity with stronger vetting powers to represent consumer interests and hold SCE&G more accountable for these rate increases.

SCANA, the parent company of SCE&G, recently reported quarterly earnings that increased sharply due to the extended hot weather. This meant that consumers had to dig deeper into their budgets to pay their electric bill.

At least SCANA should use its profits and executive bonuses to offset its cost overruns caused by gross mismanagement of the nuclear plants, which may be online sometime in the 2020s (pick a year).