The bill H. 4057 aims to amend the South Carolina Code of Laws by adding Article 12 to Chapter 17, Title 58, which addresses utility facilities crossing or paralleling railroads. It establishes definitions for key terms, outlines the applicability of the act, and mandates that utilities submit applications for crossing or paralleling agreements with railroads. The bill introduces standardized fees for these agreements, specifically a one-time fee of $1,500 for each crossing or paralleling, and allows for the continuation of existing agreements. Additionally, it provides a mechanism for dispute resolution through the South Carolina Public Service Commission, ensuring that any disagreements between utilities and railroads can be addressed in a structured manner.

The legislation seeks to protect public utilities from unreasonably high fees imposed by railroad companies, which have been reported to hinder the financial stability of these utilities and, consequently, affect service rates for customers. By placing a cap on fees and streamlining the application process, the bill aims to facilitate timely utility service deployment while ensuring fair compensation for railroads. The act will take effect upon approval by the Governor.