South Carolina PSC Puts Pension Costs in Rider
Submitted by aburr on Thu, 2013-03-28 20:31In an electric rate proceeding, the South Carolina Public Service Commission accepted a memorandum of understanding (MOU) under which South Carolina Electric & Gas was awarded a net increase in electric rates of $97 million and a ROE of 10.25 percent. The lower ROE value negotiated in the MOU also had a substantial impact on the utility’s authorized revenue requirement, reducing its rate request by a significant amount.