Dominion to ask for rate increase in 2020 The utility’s 2018 acquisition of SCANA prevented it from presenting a case for a rate increase until 2020. Dominion’s CEO said the company is under-earning in South Carolina. Santee Cooper approves bond sale The sale of $163 million in variable rate revenue obligation bonds will be used to refund debt, the utility said. Santee Cooper expects the transaction to result in debt service savings of $40 million during the next 16 years. |