Bill > H4007

This bill amends South Carolina law to authorize the Public Service Authority (also known as Santee Cooper) to jointly own and develop one or more combined cycle natural gas power generation units with Dominion Energy South Carolina at the Canadys site. The bill specifically grants the Public Service Authority the power to plan, finance, acquire, own, operate, and maintain these natural gas units and related transmission facilities. The ownership percentage of the units will be proportional to the money or property each entity contributes to the project's acquisition and construction. The bill also clarifies the Public Service Authority's liability, stipulating that it will be severally liable only in proportion to its ownership share and will not be held responsible for the broader debts, liens, or obligations of other project owners. The legislation provides a legal framework for the joint development of new natural gas power generation infrastructure, enabling the Public Service Authority to participate in a collaborative energy project with a private utility company. The act will take effect upon the Governor's approval.

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https://www.scstatehouse.gov/billsearch.php?billnumbers=4007&session=126&summary=B