View Amendment Current Amendment: 678R031.SP.LKG.DOCX to Bill 678     Senators GROOMS, RANKIN, GOLDFINCH, and MCELVEEN proposed the following amendment (678R031.SP.LKG):
    Amend the joint resolution, as and if amended, by striking all after the enacting words and inserting:

        /SECTION     1.     The Department of Administration shall conduct an evaluation of the Public Service Authority ("Santee Cooper"), including, but not limited to, Santee Cooper's executive management, rate structure, operations, bonded indebtedness, and board structure, and shall conduct a performance audit. The evaluation shall also include an assessment of privatization of Santee Cooper in part or in whole. The department shall conduct a valuation of Santee Cooper's customer base and assets, including, but not limited to, its transmission, generation, and distribution assets. In addition, the department shall study the value of the components of V.C. Summer Nuclear Units 2 and 3 and the feasibility of restarting the project. The department shall procure such professional services as are necessary to conduct the evaluation and performance audit. These professional services shall include, but may not be limited to, financial institutions, legal counsel, and industry consultants. Santee Cooper is directed to provide any and all resources necessary to conduct the evaluation. At the conclusion of its evaluation, and no later than December 31, 2019, the department shall present its findings to the Chairman of the Senate Finance Committee and the Chairman of the House of Representatives Ways and Means Committee.

SECTION     2.     This joint resolution takes effect upon approval of the Governor.         /
    Renumber sections to conform.
    Amend title to conform.