South Carolina Electric & Gas has sought a court order to stop the state from cutting its electricity rate.
The lawsuit accuses state legislators of passing an unconstitutional law to force SCE&G to pay for the cost of its failed nuclear project.
The lawsuit came after regulators on the S.C. Public Service Commission met to implement a rate cut. The Legislature voted last week to have regulators temporarily cut SCE&G’s electricity charges by 15 percent.
This rate cut will start in August and would save the utility customers about $260 million on their power bills through the end of the year until regulators make a final decision on who should pay for the project.