View Amendment Current Amendment: 954R022.SP.MWF.docx to Bill 954     Senator FANNING proposed the following amendment (954R022.SP.MWF):
    Amend the joint resolution, as and if amended, by striking all after the title and inserting:
    /         Be it enacted by the General Assembly:
SECTION     1A.     The Public Service Commission shall enter an order to provide an experimental rate that customers of a public utility who are paying costs associated with the Base Load Review Act shall pay during the pendency of matters defined in this Joint Resolution. This experimental rate shall be the electric utility rates these ratepayers are paying as of the effective date of this Joint Resolution reduced by any rate increases imposed pursuant to the Base Load Review Act after the Public Service Commission's initial base load review rate Order in docket 2008-196-E. The Public Service Commission must enter this order for experimental rates within three business days after the effective date of this Joint Resolution. The experimental rate shall be in effect from April 1, 2018 until the issuance of the Public Service Commission's final order on the merits, described in SECTION 2.

(B)     Within thirty business days after the issuance of the experimental rate order, the Public Service Commission shall hold a hearing as to the net effect of the experimental rate. The Public Service Commission may alter the experimental rate if it determines that an adjustment is necessary to ensure SCANA does not become insolvent before the Public Service Commission issues its final order on the merits. If required to adjust the rate, the Public Service Commission shall determine the just and reasonable rates for these ratepayers and must set the lowest possible rate so that SCANA does not become insolvent during the period before the Public Service Commission issues its final order on the merits. The Public Service Commission must issue an order as to its findings within 5 business days after the conclusion of this hearing.

SECTION     2.     Notwithstanding the provisions in SECTION 1 for an experimental rate, the Public Service Commission shall not hold a hearing on the merits before November 1, 2018 for a docket in which requests were made pursuant to the Base Load Review Act; however, the Public Service Commission may hold an administrative or procedural hearing for such a docket prior to a hearing on the merits. The Public Service Commission must issue a final order on the merits for a docket in which requests were made pursuant to the Base Load Review Act no later than December 21, 2018.

SECTION     3.     No final determination of matters described in this Joint Resolution, whether by a final order issued by the Public Service Commission or by operation of law, shall occur earlier than the time period prescribed in SECTION 2. The Public Service Commission's failure to issue a final order prior to the time period established in this Joint Resolution shall not constitute approval by the Public Service Commission and a utility must not put into effect the change in rates it requested in its schedule.

SECTION     4.     Any statute in Title 58 in conflict with the provisions of this Joint Resolution are suspended for purposes of the utility rates for matters related to V.C. Summer Nuclear Reactor Units 2 and 3 at Jenkinsville, South Carolina. This suspension remains in effect until the Public Service Commission issues its final order in this matter.

    Renumber sections to conform.
    Amend title to conform.