South Carolina legislation · 126th General Assembly
South Carolina S446: Electric Rate Stabilization Act
Status: In committee, April 30, 2026
What the bill says
To amend the south carolina code of laws so as to enact the "electric rate stabilization act"; and by adding article 24 to chapter 27, title 58, so as to allow electric utilities to request the public service commission to adjust their rates annually, adjust utility rates, establish the baseline rate order and requirements for adjustments in rates, provide protections for customers, and authorize an additional electric utility position for the office of regulatory staff. amend title to conform b e it enacted by the general assembly of the state of south carolina: s ection 1. this act ma.
From the engrossed text, March 28, 2025:
A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS SO AS TO ENACT THE "ELECTRIC RATE STABILIZATION ACT"; AND BY ADDING ARTICLE 24 TO CHAPTER 27, TITLE 58, SO AS TO ALLOW ELECTRIC UTILITIES TO REQUEST THE PUBLIC SERVICE COMMISSION TO ADJUST THEIR RATES ANNUALLY, ADJUST UTILITY RATES, ESTABLISH THE BASELINE RATE ORDER AND REQUIREMENTS FOR ADJUSTMENTS IN RATES, PROVIDE PROTECTIONS FOR CUSTOMERS, AND AUTHORIZE AN ADDITIONAL ELECTRIC UTILITY POSITION FOR THE OFFICE OF REGULATORY STAFF. Amend Title To Conform B e it enacted by the General Assembly of the State of South Carolina: S ECTION 1. This act may be cited as the "Electric Rate Stabilization Act". S ECTION 2. C hapter 27, Title 58 of the S.C. Code is amended by adding: A rticle 24 E lectric Rate Stabilization Act S ection 58-27-2700. A public utility providing retail electric service, in its discretion and at any time, may elect to have the terms of this article apply to its rates and charges for retail electric service, on a prospective basis, by filing a notice of the election with the commission and on the same day and by the same means serving a copy on the Office of Regulatory Staff. Upon receipt of notice of the election, the commission shall proceed to make the findings and establish the …
Sponsors
- Jason Elliott (R, 6) · primary sponsor