Dominion Energy South Carolina submits settlement agreement in rate case

Dominion Energy South Carolina, Inc., a wholly owned subsidiary of Dominion Energy, together with other parties of record, submitted a comprehensive settlement agreement in DESC’s pending general electric rate case for approval by the Public Service Commission of South Carolina. The settlement includes all parties signing on or not opposing. The requested rate increase to base rates is the first in nearly four years. Since 2019, DESC has added approximately 40,000 new electric customers to its system and invested $1.6 billion in its electric system to provide reliable, affordable and increasingly clean energy to power its customers every day. DESC and intervening parties will present the settlement to the PSC at a hearing scheduled to begin July 15. After a thorough review, DESC expects the PSC to make the final decision and adjust rates as appropriate. If approved by the PSC, the proposed settlement would allow DESC to recover some of the rising costs of investments needed to keep its plants running, systems reliable and grid secure while also listening to concerns of customers and other stakeholders.