Hamm v. South Carolina Public Service Commission

The appellant (Consumer Advocate) appeals two orders of the South Carolina Public Service Commission (the PSC) granting South Carolina Electric and Gas’s (SCE&G’s) application for certain accounting adjustments relative to its rate base. We vacate and remand.

FACTS

In Hamm v. South Carolina Public Service Com’n, 294 S. C. 320, 364 S. E. (2d) 455 (1988) (Hamm I), this Court approved the PSC’s method of valuing excess generating capacity for purposes of “phasing-in” the cost of the new V.C. Summer Nuclear Station. In Hamm I, the PSC excluded 400 MW (megawatts) of SCE&G’s generating capacity from…