Gov. Henry McMaster Pens Letter to SCANA CEO Kevin Marsh
Friday, October 20th, 2017
Governor Henry McMaster sent a letter to Kevin Marsh, Chairman and CEO of SCANA Corporation, calling on 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 VC Summer nuclear project. Governor McMaster also asked SCANA Corporation to use the Toshiba settlement proceeds available to the company 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. "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."
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 settlement 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 ]