CleanTechnica•about 1 month ago
South Carolina PSC Finalizes Canadys Gas Plant Approval
Key Takeaway
The South Carolina PSC's approval of the Canadys Gas Plant without cost caps signals potential for increased ratepayer burden and a utility-favorable regulatory environment.
AI Summary
- •The South Carolina Public Service Commission (PSC) finalized approval for the proposed Canadys Gas Plant.
- •The approval explicitly includes no cost caps, despite previous reports of 'ballooning price estimates' for the project.
- •This regulatory decision suggests a utility-favorable environment where potential cost overruns for the gas plant can be passed directly to ratepayers, impacting future electricity costs for large consumers.
- •The project is a new gas plant, adding generation capacity to the South Carolina grid, with implications for regional resource adequacy and emissions.
Topics
capacity-marketccgtemissionsfinancingpolicy
Article Content
Approval Comes with No Cost Caps Despite Ballooning Price Estimates COLUMBIA, S.C. — The South Carolina Public Service Commission (PSC) finalized its May 15th approval of the Certificate of Environmental Compatibility and Public Convenience and Necessity for the proposed Canadys Gas Plant last Friday. The final order fails to put a cap on the total ... [continued] The post South Carolina PSC Finalizes Canadys Gas Plant Approval appeared first on CleanTechnica .