Neville Lorick Quotes (2 Quotes)

We believe the settlement agreement balances the interests of all the parties involved. This is the first time SCEG has increased its natural gas base rates since 1989. The new rates provide us the opportunity to earn an adequate return on our natural gas assets. The additional revenue will enhance our ability to make new capital investments that will be needed to support future growth and economic development in South Carolina.

Taking into consideration the progress that has been made by the NRC in streamlining the licensing process, the significant increases we have seen in the price of fossil fuels, current and pending clean air regulations and the potential for financial and other incentives for nuclear generation that are provided in the Energy Policy Act of 2005, we believe the nuclear option is extremely competitive with other sources of generation.