Group Appeals SCE&G Nuclear Plant Application

Clements noted the project already appears to be costing more than expected, citing a recent report that costs had risen by $561 million. Boomhower said that figure was tied to one inflation estimate, but that longer term inflation projections show costs could fall.

Boomhower said lower-than-expected actual costs are expected to be reported in an upcoming filing with regulators and noted that consumers will only see rate changes based on actual spending, not inflation projections.

The group also says state regulators should have required SCE&G to show how it is going reduce energy demand to reduce the need to build new power generation capacity.

Boomhower said the company will release details of energy saving incentive programs for its customers during the next few weeks.