A state agency wants regulators to outline plans to give customers most of the money South Carolina Electric & Gas Co. expects in compensation for its failed nuclear reactor project.
The State newspaper reported the Office of Regulatory Staff filed a request Tuesday with the Public Service Commission asking the panel to decide the best way for ratepayers to be paid.
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The money could be returned by reducing monthly bills or giving direct rebates.
SCE&G's parent company, SCANA, expects nearly $1 billion from Toshiba, parent company of Westinghouse, whose bankruptcy this year resulted in abandonment of work on two Fairfield County reactors.
SCE&G customers have paid nearly $2 billion for the reactors.
SCANA spokesman Eric Boomhower has said money from Toshiba would be used to offset the project's costs.
Information from: The State, http://www.thestate.com