South Carolina Energy Users Committee v. Public Service Commission

FINNEY, Chief Justice:

This is an appeal1 from a circuit court order upholding an order of the Public Service Commission (PSC) which approved a rate increase for respondent SCE&G. Appellant contends the evidence does not support the rate of return on equity awarded in the order, and that the PSC exceeded its authority in authorizing a Storm Damage Reserve Fund. We affirm.

Appellant first contends that the PSC erred in allowing SCE&G a 12% return on equity. It concedes that expert testimony in the record supports this rate, but argues that the award itself is flawed because it rests on a…