South Carolina Electric & Gas Co. is asking state regulators for permission to recover about $37 million tied to its demand-side management programs.
The SCANA Corp. utility on Jan. 31 filed its annual update on demand-side management, or DSM, programs and petition for a rate rider with the Public Service Commission of South Carolina. SCE&G said it currently offers eight DSM programs for its customers.
The utility said its regulatory asset balance of allowable DSM costs as of Nov. 30, 2016, is about $64.6 million. These costs must be amortized over five years, so SCE&G is asking for approval to recover about $12.9 million for the 12-month period beginning with the first billing cycle of May 2017.
The company's recoverable net lost revenues, including actual and forecast cumulative energy savings for customers along with a reduction in demand and megawatt-hour sales, is about $22.3 million. SCE&G also is asking for the opportunity to recover its allowable shared savings amortization amount of about $1.8 million.
If the cost recovery is approved, SCE&G said it estimates that the rider will cause the bill of an average residential customer using 1,000 kWh of electricity per month to decrease about 24 cents. (PSC docket 2017-35-E)