South Carolina H 5328: A HOUSE RESOLUTION TO REQUEST THE UNITED STATES ATTORNEY FOR THE DISTRICT OF SOUTH CAROLINA OPEN A CRIMINAL INVESTIGATION TO DETERMINE WHETHER THE ACTIVITIES THAT LED TO AND RESULTED IN THE RIOT AND LOSS OF LIFE THAT OCCURRED AT THE LEE CORRECTIONAL INSTITUTION ON APRIL 15, 2018, VIOLATED FEDERAL LAW AND PROSECUTE THOSE PERSONS WHO ARE FOUND TO HAVE VIOLATED FEDERAL LAW.

Bill Text

2025-2026 Bill 5328 Text of Previous Version (Mar. 05, 2026) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 5328

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 ARTICLE 
12 TO CHAPTER 5, TITLE 58 SO AS TO REQUIRE A PUBLIC UTILITY PROVIDING NATURAL 
GAS DISTRIBUTION SERVICES TO RESIDENTIAL CUSTOMERS TO ESTABLISH AND MAINTAIN 
NATURAL GAS PRICE RESERVES, AND TO PROVIDE FOR FUNDING USAGE AND COST RECOVERY; 
AND TO REQUIRE AN ANNUAL REPORT TO THE PUBLIC SERVICE COMMISSION.

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

SECTION 1. Chapter 5, Title 58 of the S.C. Code is amended by 
adding:

Article 12

Natural Gas Price Reserve

 Section 
58-5-1210. For purposes of this article:

 (1) "Extraordinary 
gas costs" means wholesale gas costs that exceed historical seasonal averages 
by a threshold established by regulation, including costs arising from spot 
market or daily index pricing.

 (2) 
"Natural gas price reserve" means a restricted fund established for the sole 
purpose of mitigating the rate impact of extraordinary natural gas costs for 
residential customers.

 (3) 
"Public utility" has the same meaning as provided in Section 58-5-10.

 Section 
58-5-1220. (A) Notwithstanding any 
other provision of law, a public utility providing natural gas distribution 
service to residential customers must establish and maintain a natural gas 
price reserve. This natural gas price reserve shall be funded by modest 
per-therm surcharges during nonemergency periods, excess margins realized 
during favorable pricing years, and revenues derived from natural gas capacity 
releases. Funds in a natural gas price reserve may only be used to offset 
extraordinary natural gas costs, and may be utilized over multiple billing 
cycles, in order to reduce immediate rate shock to residential customers.

 (B) 
Costs for a natural gas price reserve must not be recovered from residential 
customers in a single billing cycle unless funds in the natural gas price 
reserve are insufficient and the Public Service Commission makes written 
findings explaining the necessity of immediate recovery of costs.

 Section 
58-5-1230. A public utility providing natural gas 
distribution must submit an annual report to the Public Service Commission that 
details the natural gas price reserve's:

 (1) amount 
of funds utilized and reasons regarding the usage of those funds;

 (2) 
fund balance; and

 (3) 
impact on residential customer rates.

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

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This web page was last updated on March 05, 2026 at 12:04 PM