South Carolina PSC votes to temporarily roll back SCEG rates by 15%. Utility whines about extreme political pressure.

Today the SC Public Service Commission unanimously and without debate voted to comply with the directive of the SC Legislature. The PSC approved a 15% electric rate decrease for SCE&G customers retroactive to April 1st of this year. Before you get too excited, this past Friday SCE&G filed suit in a federal District Court to block the rate rollback saying that the legislation passed is unconstitutional. In court is exactly where we expected to be all along and why I’ve been advocating that we could and should have gotten to this point sooner.