South Carolina Electric & Gas (SCE&G) has adjusted the purchased gas portion of its natural gas rates for January, resulting in a decrease of $5.21, or down 3.59 percent, from December in overall costs to residential customers based on average usage for the month. Compared to a year ago, the average January bill will be up $1.39, or 1 percent.
Purchased-gas costs account for more than 50 percent of a customer’s overall gas bill, based on a 12-month average. The cost of gas purchased by SCE&G through its wholesale providers is passed on to customers without any markup. SCE&G does not profit from this portion of its rates.
To help level out the impact on customers of price changes in the wholesale natural gas market, SCE&G makes monthly adjustments to natural gas rates, upward or downward, based on a rolling 12-month forecast of purchased gas costs. These adjustments are reviewed by the South Carolina Office of Regulatory Staff and the Public Service Commission of South Carolina.
South Carolina Electric & Gas Company is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 654,000 customers throughout central, southern and southwestern portions of South Carolina. The company also provides natural gas service to approximately 306,000 customers throughout the state. Information about SCE&G is available on the company’s web site at www.sceg.com.
Journalscene.com ® is pleased to offer readers the enhanced ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. Journalscene.com ® does not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not Journalscene.com ®. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website.
Users can now build user-to-user connections, follow friends' recent posts, add an avatar that fits their personality, and more. If you have posted here before you'll need to sign up again, or if you've never posted before, start now by reading our terms and conditions, and then signing up below!
- Most Viewed
- Most Commented
- Finding Mudville: Everything’s amazing
- McKissick given Shula award
- Local hunters’ story wins film award
- Researchers decode cancer mysteries with local funding
- Parkway planning revived
- Benton guilty, receives life sentence
- Teen mom charged with child neglect
- Smith Says: Purse-preparedness
- Benton trial under way
- Fanfare for the Common Man: It’s the shoes
- Bryngelson seeks House 97 seat (0)
- Lady Green Wave picks up big non-region win (0)
- Wrestling takes off at Ridge Christian Academy (0)
- Swamp Fox infielder signs with USC Sumter (0)
- Up to the Challenge (0)
- Choice gymnasts place in Irmo (0)
- Briefs (0)
- Patriots slip by Beaufort; Warriors best Green Wave (0)
- Lady Swamp Foxes take a shot at Colleton (0)
- Swamp Foxes hold off Cougar rally (0)
- Santee Cooper announces 2012 refunding bond sale
- Santee Cooper announces organizational changes in operation and finance departments
- Santee Cooper employees pitch in on Day of Caring
- Aerial herbicide treatment on lakes under way
- Santee Cooper Board Authorizes Rate Study
- Santee Cooper announces refunding bond sale
- Santee Cooper, Florida Municipal Power Agency enter into letter of intent for share of planned V.C. Summer Station units
- Santee Cooper, Duke Energy Carolinas enter into letter of intent for share of planned V.C. Summer Station units 2 and 3