Scana reports on South Carolina Public Service Commission's deferral
The Public Service Commission of South Carolina, as part of a Special Commission Business Meeting, deferred action on the Office of Regulatory Staff's request for South Carolina Electric & Gas Company, principal subsidiary of Scana, to suspend revised rates collections. At its business meeting today, the SCPSC ordered a hearing officer to establish a briefing schedule and hearing date concerning the ORS's request. The SCPSC cited the need for due process and for additional review given the potential impact of the proposed actions. SCE&G's existing retail electric rates will remain in effect pending further action of the SCPSC. Prior to the Business Meeting, SCE&G filed a motion with the SCPSC to dismiss the ORS request citing numerous legal and constitutional deficiencies. The company claims that the proposed relief repeals multiple valid and legally binding orders issued under the BLRA, constitutes retroactive rate-making which is unlawful, denies SCE&G approximately $445M in annual revenue. SCE&G intends to defend its rights and claims, including appealing any adverse decision.