COLOMBIA, SC (AP) – Dominion Energy has agreed to postpone its request to increase electricity rates in South Carolina for six months due to economic problems caused by the COVID-19 pandemic.
The Virginia-based utility asked regulators to approve a 7.7% increase in the rate it said was necessary to pay for system improvements in the state it purchased from SCANA Corp. in 2019.
The increase would raise an extra $ 178 million per year from Dominion’s 750,000 South Carolina customers.
The South Carolina Public Service Commission was holding hearings this month to consider raising the tariff.
The Office of Regulatory Staff, a state enforcement agency, has asked Dominion to suspend the rate hike.
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