The bill H. 4007 seeks to amend the South Carolina Code of Laws by adding Section 58-31-205, which authorizes the Public Service Authority to jointly own, alongside Dominion Energy South Carolina, Inc., one or more combined cycle natural gas units and related facilities at the Canadys site. This provision grants the Public Service Authority the power to plan, finance, acquire, own, operate, and maintain these units and facilities, ensuring that their ownership percentage corresponds to the financial contributions made for their acquisition and construction. Additionally, the Public Service Authority will control a proportional share of the electrical output generated by these units.

Furthermore, the bill outlines the liability structure for the Public Service Authority in relation to the jointly owned facilities. It states that the Authority will be severally liable in proportion to its ownership share for any acts or obligations incurred by the operator or other owners while acting as the designated agent for construction, operation, or maintenance. However, the Public Service Authority will not be held jointly or severally liable for the actions of other owners, nor will its assets be used to cover debts or obligations of the operator or other owners. The act will take effect upon approval by the Governor.

Statutes affected:
02/13/2025: 58-31-205
Latest Version: 58-31-205