South Carolina General Assembly
118th Session, 2009-2010

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H. 3331

STATUS INFORMATION

General Bill
Sponsors: Rep. Gullick
Document Path: l:\council\bills\ggs\22194ab09.docx

Introduced in the House on January 27, 2009
Currently residing in the House Committee on Labor, Commerce and Industry

Summary: Public utilities

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   1/27/2009  House   Introduced and read first time HJ-15
   1/27/2009  House   Referred to Committee on Labor, Commerce and Industry 
                        HJ-15

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/27/2009

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 58-5-265 SO AS TO REQUIRE WITHIN FIVE DAYS AFTER THE FILING OF A NEW OR CHANGED RATE SCHEDULE FOR WATER OR SEWER SERVICE PROVIDED BY A PRIVATELY OWNED PUBLIC UTILITY, THE UTILITY SHALL MAKE AVAILABLE CERTAIN INDEPENDENTLY AUDITED FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS FOR PUBLIC INSPECTION IN A CERTAIN MANNER FOR A CERTAIN PERIOD OF TIME.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Article 3, Chapter 5, Title 58 of the 1976 Code is amended by adding:

"Section 58-5-265.    (A)(1)    Within five days after the filing of a new or changed rate schedule for water or sewer service provided by a privately owned public utility, the utility shall provide to the public, the Office of Regulatory Staff, and the Public Service Commission:

(a)    an audited financial statement prepared by an independent certified public accountant for each operating division or subsidiary of the utility operating in this State; and

(b)    a current consolidated financial statement of the utility.

(2)    The utility shall continue to make the financial statements available to the public for a period of two years:

(a)    on its Internet website; and

(b)    in each office it maintains in the county or franchise district in which the utility seeks a new or changed rate schedule.

(B)    The Office of Regulatory Staff and the Public Service Commission shall make the financial statements required in subsection (A) available for public inspection within twenty-four hours of receiving the reports from the utility and shall continue to make the financial statements available for a period of two years:

(1)    on their respective Internet websites; and

(2)    in each office they maintain in this State."

SECTION    2.    This act takes effect upon approval by the Governor.

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This web page was last updated on Monday, October 10, 2011 at 12:20 P.M.