State Ex Rel. Utilities Commission v. Thornburg

MEYER, Justice.

On 21 February 1984, Carolina Power & Light Company (hereinafter “CP&L”) filed an application with the North Carolina Utilities Commission (hereinafter “Commission”) for an increase in its rates for electric service to its retail customers in North Carolina so as to increase annual revenue by approximately $151.6 million, or 12.6%. In the application, CP&L proposed to make the rate increase effective 22 March 1984. In an order issued 21 March 1984, the Commission determined that the application constituted a general rate case and suspended the proposed rate increase for a…