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NUCOR STEEL v. PUBLIC SERVICE COM'N

No. 23761.

426 S.E.2d 319 (1992)

NUCOR STEEL, A DIVISION OF NUCOR CORPORATION, Appellant, v. SOUTH CAROLINA PUBLIC SERVICE COMMISSION, Carolina Power and Light Company, and Steven W. Hamm, Consumer Advocate for the State of South Carolina, Respondents.

Supreme Court of South Carolina.

Decided December 14, 1992.

Attorney(s) appearing for the Case

Garrett A. Stone, and Julie B. Greenisen of Ritts, Brickfield & Kaufman, Washington, D.C., and Francis P. Mood of Sinkler & Boyd, P.A., Columbia, S.C., for appellant.

Steven W. Hamm, Raymond E. Lark, Jr., and Nancy Vaughn Coombs, Columbia, for respondent Consumer Advocate for State of S.C.

Marsha A. Ward, Columbia, for South Carolina Public Service Com'n.

William Frederick Austin, Columbia, and Len S. Anthony, Raleigh, N.C., for respondent Carolina Power & Light Co.

TOAL, Justice:

This utility rate case arises from a circuit court order which reviewed a semi-annual rate adjustment decision of the South Carolina Public Service Commission (PSC). We reverse in part and affirm in part.

Facts

When a nuclear power plant is operated efficiently, the associated fuel costs are significantly less than the costs for fossil fuel power generation. When a nuclear power plant is...

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