South Carolina General Assembly
122nd Session, 2017-2018

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Indicates Matter Stricken
Indicates New Matter

H. 4420

STATUS INFORMATION

General Bill
Sponsors: Reps. Finlay, Huggins, W. Newton and Fry
Document Path: l:\council\bills\ggs\22006zw18.docx

Introduced in the House on January 9, 2018
Currently residing in the House Committee on Judiciary

Summary: Base Load Review Act

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   11/9/2017  House   Prefiled
   11/9/2017  House   Referred to Committee on Judiciary
    1/9/2018  House   Introduced and read first time (House Journal-page 104)
    1/9/2018  House   Referred to Committee on Judiciary 
                        (House Journal-page 104)

View the latest legislative information at the website

VERSIONS OF THIS BILL

11/9/2017

(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 58-33-282 SO AS TO PROHIBIT A UTILITY THAT EMPLOYS THE BASE LOAD REVIEW ACT'S ABANDONMENT PROCEDURES FROM GIVING OR AWARDING TO AN OFFICER OR A "C-SUITE" OR "C-LEVEL" EXECUTIVE A SEVERANCE PACKAGE WITH A VALUE OR WORTH THAT EXCEEDS THE LARGEST SEVERANCE PACKAGE GIVEN OR AWARDED TO AN EMPLOYEE OR INDEPENDENT CONTRACTOR TERMINATED AS A RESULT OF THE UTILITY'S ABANDONMENT.

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

SECTION    1.    Article 4, Chapter 33, Title 58 of the 1976 Code is amended by adding:

"Section 58-33-282.    Notwithstanding another provision of law, a utility that employs the abandonment procedures pursuant to this article may not give or award to an officer or a 'C-suite' or 'C-level' executive a severance package with a value or worth that exceeds the largest severance package given or awarded to an employee or independent contractor terminated as a result of the utility's abandonment."

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

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This web page was last updated on January 10, 2018 at 11:22 AM