Santee Cooper Joint Project Authorization
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill authorizes the South Carolina Public Service Authority to jointly own, either as tenants-in-common or through a limited liability company, electrical generation and transmission facilities with Dominion Energy South Carolina. Specifically, it allows the Authority to participate in the development of a natural gas-fired generation facility near the former Canadys coal-fired station in Colleton County, with ownership percentages tied to the Authority’s contributions to the project. The bill also outlines liability and control arrangements for the joint venture.
Key provisions
- Authorizes the Public Service Authority to jointly own natural gas-fired generation facilities with Dominion Energy South Carolina.
- Specifies the location of the facilities as near the former Canadys coal-fired station in Colleton County.
- Allows the Authority to plan, finance, acquire, operate, and maintain an interest in the generation and transmission facilities.
- Establishes ownership percentages for the Authority based on its financial contributions to the project.
- Defines liability arrangements for the joint venture, limiting the Authority’s liability to its ownership share.
- Addresses the Authority’s control over the electrical output of the facilities.
- Requires the Public Service Authority to own a percentage of the plants and facilities equal to its financial contribution.
- Sets a timeframe for the act to take effect upon Governor approval.
Who is affected
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