Bill > S0012

This bill authorizes the Public Service Authority (also known as Santee Cooper), a state-owned utility in South Carolina, to jointly own natural gas-fired generation and transmission facilities with Dominion Energy South Carolina, Inc. Specifically, the bill allows Santee Cooper to own a portion of new power plants to be constructed near Dominion's former Canadys coal-fired station in Colleton County. The bill stipulates that Santee Cooper's ownership percentage will be directly proportional to the amount of money or property it contributes to the project's acquisition and construction. The legislation also carefully defines Santee Cooper's liability, stating that the utility will only be responsible for its proportional share of any acts, omissions, or obligations related to the project, and expressly prohibits the utility from being held liable for the broader debts or obligations of other project participants. This bill provides a legal framework for collaborative energy infrastructure development between a public and a private utility, potentially enabling more efficient and cost-effective power generation in South Carolina. The act will take effect immediately upon the Governor's approval.

Justice

https://www.scstatehouse.gov/billsearch.php?billnumbers=12&session=126&summary=B