SC Gov. McMaster Sends Letter to SCANA CEO Marsh
As the sage of the failed V.C. Summer nuclear plant continues to unfold, South Carolina Governor Henry McMaster sent a letter to Kevin Marsh, Chairman and CEO of SCANA Corporation, requesting that the parent company of SCE&G “to immediately cease” its collection of approximately $37 million per month from South Carolina ratepayers for the costs of the failed nuclear project. Governor McMaster also requested SCANA Corporation to use proceeds from the Toshiba settlement to refund ratepayers the funds SCANA Corporation previously collected for the project.
“I believe this is the right thing to do under these circumstances,” Governor McMaster wrote to Marsh. “It is unreasonable and oppressive for SCANA to require its customers to bear the burden of actions and decisions in which customers played no part and over which they had no control.”
The text of the letter is provided below:
October 19, 2017
Mr. Kevin Marsh
Chairman and CEO
SCANA Corporation
220 Operation Way
Cayce, South Carolina 29033
Dear Mr. Marsh:
By this letter, which I would ask that you share with the Board of Directors, I call on SCANA, as the parent company of SCE&G, to immediately cease collecting approximately $37 million per month from ratepayers for its abandoned nuclear project. I also urge SCANA to use the Toshiba s
ettlement funds to begin refunding to ratepayers money collected for the construction of the nuclear reactors in Fairfield County. I believe this is the right thing to do under these circumstances.
It is unreasonable and oppressive for SCANA to require its customers to bear the burden of actions and decisions in which customers played no part and over which they had no control. Moreover, as SCANA seeks to stabilize its future in the face of investigations and ratepayer lawsuits, it would be unwise to spend years litigating the constitutionality of the Base Load Review Act.
Thank you for your consideration of this important matter.
Should you have any questions regarding anything mentioned above or otherwise, please call me.
Yours very truly,
Henry McMaster ]
