Consumer Law

Utility customers will split $146M in failed nuke plant settlement

Current and former customers of a South Carolina utility will get up to $146 million in refunds for an unfinished power plant as part of a $2.2 billion legal settlement.

And the attorneys who argued the case for ratepayers will take home $51 million — plus $865,000 to cover their expenses — for their work negotiating what is believed to be the largest private class action settlement in South Carolina history.

Circuit Judge John Hayes’ approval of the settlement ends a 22-month legal fight over SCE&G’s failure to finish the construction of two new reactors at the V.C. Summer nuclear power plant in Fairfield County.

Read the source article at thestate.com

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