Virginia Electric & Power Co. v. Division of Consumer Counsel

In this appeal, Virginia Electric and Power Company (VEPCO) challenges the State Corporation Commission’s disallowance of a fuel cost adjustment reflecting fuel costs incurred because of a shut down of the Surry Number 2 nuclear unit for 9.6 days in November 1977. The Commission determined that the shutdown was caused by a leak in a steam generator tube, that the energy replacement cost resulting from the outage was $4,696,766, and that the cost charged to Virginia jurisdictional customers through VEPCO’s fuel adjustment clause was $3,287,736. The Commission ruled that VEPCO’s evidence failed…