Business Wire·May 8, 2026, 4:45 PM ET

Dominion Energy South Carolina Files Comprehensive Settlements of General Electric Rate Case for Approval by Public Service Commission of South Carolina

Dominion Energy South Carolina (DESC) submitted settlement agreements for its general electric rate case to the South Carolina Public Service Commission (PSC).
DESC added approximately 23,000 new electric customers since 2023 & invested $1.4 billion in system upgrades for safety & reliability.
A hearing to present the settlements is scheduled to begin on May 12, with a final PSC decision expected after review.
Starting July 1, the average monthly bill for a residential customer using 1,000 kWh will increase by just under $12 (7.62%), keeping rates below the national average.
Shareholders will fund $6 million in customer benefits, including a one-time $3 million bill credit for residential customers & $1 million annually for three years for low-income assistance & weatherization.
The settlements authorize a 9.99% return on equity & a 53.52% regulatory capital structure equity component.
The approved revenue increase is $207 million, which is 36% less than the original $322 million request filed in January.
There is no change to Dominion Energy's existing financial guidance.
Intervening parties supporting the settlement include government agencies, consumer groups, environmental organizations, corporations, & federal agencies.