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Indicates Matter Stricken
Indicates New Matter
S. 771
STATUS INFORMATION
Joint Resolution
Sponsors: Senators Setzler, Massey and Fanning
Document Path: l:\s-res\ngs\024valu.sp.ngs.docx
Introduced in the Senate on January 9, 2018
Currently residing in the Senate Committee on Judiciary
Summary: Public Service Authority
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 12/6/2017 Senate Prefiled 12/6/2017 Senate Referred to Committee on Judiciary 1/9/2018 Senate Introduced and read first time (Senate Journal-page 43) 1/9/2018 Senate Referred to Committee on Judiciary (Senate Journal-page 43)
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VERSIONS OF THIS BILL
TO REQUIRE A VALUATION OF THE SOUTH CAROLINA PUBLIC SERVICE AUTHORITY.
Whereas, the South Carolina Public Service Authority is a state-owned public utility; and
Whereas, the South Carolina Public Service Authority and South Carolina Electric and Gas jointly own Units 2 and 3 at the V.C. Summer Nuclear Facility in Fairfield County; and
Whereas, these companies decided to abandon the project, resulting in the loss of roughly nine billion dollars, ten years of construction, and countless jobs, but are still charging ratepayers for the project; and
Whereas, the General Assembly has been investigating what led to the abandonment and ways to recover costs; and
Whereas, it is now important to understand the value of the South Carolina Public Service Authority. Now, therefore,
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The General Assembly shall hire an independent industry expert to conduct a valuation of the South Carolina Public Service Authority. These reports must be provided to the President Pro Tempore of the Senate and the Speaker of the House of Representatives.
SECTION 2. This joint resolution takes effect upon approval by the Governor; however, the implementation of the valuation is contingent upon receipt of funds necessary to implement these provisions.
This web page was last updated on
January 24, 2018 at 4:00 PM