Narrative:

I was IFR northbound. At 5000 ft throttle control was lost and the engine went full power. I asked to return to my departure airport and was cleared. I was descended to 3000 ft. At 4 NM north of the airport I asked to continue my descent [but was] unable. It was very bumpy and I inadvertently descended to 2830 ft. I caught my error and pulled up but the controller saw I was low and told me he had other traffic! I acknowledged 3000 ft. I was just very busy trying to come up with a plan to land with full power. I got very busy and messed up. All turned out well.

Google
 

Original NASA ASRS Text

Title: A BE35 Pilot reported that the aircraft's throttle control failed and went to full power. While descending and handling the malfunction in bumpy weather inadvertent descended from the assigned altitude occurred.

Narrative: I was IFR northbound. At 5000 FT throttle control was lost and the engine went full power. I asked to return to my departure airport and was cleared. I was descended to 3000 FT. At 4 NM north of the airport I asked to continue my descent [but was] unable. It was very bumpy and I inadvertently descended to 2830 FT. I caught my error and pulled up but the Controller saw I was low and told me he had other traffic! I acknowledged 3000 FT. I was just very busy trying to come up with a plan to land with full power. I got very busy and messed up. All turned out well.

Data retrieved from NASA's ASRS site as of April 2012 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.