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NUCOR STEEL v. SC PSC

23761

310 S.C. 539 (1992)

426 S.E.2d 319

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 Sate 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.

Heard Nov. 5, 1992.

Decided Dec. 14, 1992.

TOAL, Justice:

This utility rate case arises from a circuit court order which reviewed a semiannual 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...

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