Below are links to the Cook Settlement and the bills that have been filed this session on Santee Cooper.
Cook Settlement Agreement:
Santee Cooper proposed legislation
SECTION 58-31-30. Powers of Authority.
(B) The powers conferred by subsection (A) upon the board of directors may not be construed to give the board of directors the power to sell, lease, or dispose of, except by way of mortgage or deed of trust, all of the property, real, personal, or mixed, of the authority, but the board of directors may sell, lease, or dispose of any surplus property which it may acquire and which the board of directors deems not to be necessary for the purpose of the development. Without prior approval from the General Assembly by act, the authority must not sell, transfer, lease, dispose of, or convey any property, real, personal, or mixed, of the authority used in the generation, transmission, or distribution of electricity, beyond that property considered to be surplus. However, the authority may lease property owned by the authority, including property within the authority’s Federal Energy Regulatory Commission Project boundaries, provided the lease does not substantially or materially impair its ability to meet electricity generation, transmission, and distribution needs of its ongoing operation including an adequate reserve capacity and such growth in needs as reasonably may be forecasted. Further, the lease must be in the best interests of the authority as defined in Section 58-31-55(A)(3).
Without prior approval from the General Assembly by act, the authority must not inquire into the feasibility of the sale, transfer, lease, disposal, or conveyance of property, real, personal, or mixed, of the authority that is used in the generation, transmission, or distribution of electricity unless the sale, transfer, lease, disposition, or conveyance would not materially impair the authority’s ability to meet generation, transmission, and distribution needs of its ongoing operation including an adequate reserve capacity and such growth in needs as reasonably may be forecasted.
This page produces a report displaying all bills for a specific session indexed under a given subject topic heading.
- Select the most recent session and the subject topic UTILITIES from the list.
- Select BOTH to see the bill titles, the legislative summaries, or both.
- Click on the Submit button to receive the report.
The Public Service Commission is a governmental agency that regulates utilities in South Carolina. The agency’s mission is “To Serve The Public Of South Carolina By Providing Open And Effective Regulation And Adjudication Of The State’s Public Utilities, Through Consistent Administration Of The Law And Regulatory Process.”
Essentially, the Public Service Commission functions as a court for cases involving utilities and other regulated companies. The Public Service Commission has broad jurisdiction over matters pertaining to the investor owned electric and gas utility companies, water and wastewater companies, telecommunications companies, motor carriers of household goods, hazardous waste disposal, and taxicabs.
A program of the Public Service Commission of South Carolina, SC Utility Consumer exists to help you–the ratepayer of South Carolina–understand your place in our state’s utility economy and how you can save money on your bills, participate in public action, and learn more about utility regulation.