South Carolina H 4007: Public Service Authority Construction Authorization

Bill Text

2025-2026 Bill 4007 Text of Previous Version (Feb. 13, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4007

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH 
CAROLINA CODE OF LAWS BY ADDING SECTION 58-31-205 SO AS TO AUTHORIZE THE PUBLIC 
SERVICE AUTHORITY TO JOINTLY OWN WITH DOMINION ENERGY SOUTH CAROLINA, INC. ONE 
OR MORE COMBINED CYCLE NATURAL GAS UNITS AND RELATED FACILITIES AT THE CANADYS 
SITE, AND TO PROVIDE CERTAIN CONDITIONS.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Chapter 31, Title 58 of the S.C. Code is amended by 
adding:

 Section 
58-31-205. (A) The Public Service 
Authority shall have the power to jointly own, as tenants-in-common or through 
a limited liability company, with Dominion Energy South Carolina, Inc., to 
develop and share in the output of one or more combined cycle natural gas units 
to be located at the Canadys site. This authorization includes electrical 
generation from the combined cycle natural gas unit or units and related 
transmission facilities, the power to plan, finance, acquire, own, operate, and 
maintain an interest in such combined cycle natural gas unit or units and 
related facilities necessary or incidental to the generation and transmission 
of electric power and the power to make plans and enter into such contracts as 
are necessary or convenient for the planning, financing, acquisition, 
construction, ownership, operation, and maintenance of such combined cycle unit 
or units and related facilities. However, the Public Service Authority shall 
own a percentage of such unit or units and related facilities equal to the 
percentage of the money furnished or the value of property supplied by the 
Public Service Authority for the acquisition and construction of the unit or 
units and related facilities. The Public Service Authority shall also own and 
control a like percentage of the electrical output thereof.

 (B) 
The Public Service Authority shall be severally liable in proportion to its 
ownership share of such combined cycle natural gas unit or units and related 
facilities pursuant to this section for the acts, omissions, or obligations 
performed, omitted, or incurred by the operator or other owners of the unit or 
units and related facilities while acting as the designated agent of the Public 
Service Authority for the purposes of constructing, operating, or maintaining 
the unit or units and related facilities, or any of them. However, the Public 
Service Authority shall not be otherwise liable, jointly or severally, for the 
acts, omissions, or obligations of other owners of the combined cycle natural 
gas unit or units and related facilities, nor shall any money or property of 
the Public Service Authority be credited or otherwise applied to the account of 
the operator or other owners of the unit or units and related facilities, or be 
charged with any debt, lien, or mortgage as a result of any debt or obligation 
of the operator or other owners of the combined cycle natural gas unit or units 
and related facilities.

SECTION 2. This act takes effect upon approval 
by the Governor.

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This web page was last updated on February 13, 2025 at 11:39 AM