South Carolina General Assembly
122nd Session, 2017-2018

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Indicates Matter Stricken
Indicates New Matter

S. 772

STATUS INFORMATION

Joint Resolution
Sponsors: Senators Setzler, Massey and Fanning
Document Path: l:\s-res\ngs\023valu.sp.ngs.docx

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

Summary: VC Summer Nuclear Facility

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)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/6/2017

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

A JOINT RESOLUTION

TO REQUIRE A VALUATION OF THE STATE'S FORTY-FIVE PERCENT OWNERSHIP IN UNITS 2 AND 3 AT THE V.C. SUMMER NUCLEAR FACILITY IN FAIRFIELD COUNTY.

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 State's forty-five percent share of Units 2 and 3.

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 State's forty-five percent interest in Units 2 and 3. 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.

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This web page was last updated on January 24, 2018 at 4:00 PM