Notwithstanding any other provision of law, any public utility as defined in item (3) of Section 58-5-10, any telephone utility, and any electrical utility whose rates are subject to regulation by the Public Service Commission, when putting a proposed rate increase into effect under bond in the manner authorized by law, shall not be permitted to include as part of its rate base any interest expenses paid to customers on refunds which are required when the rate increase is not approved either in whole or in part.
HISTORY: 1983 Act No. 138 Section 26, eff June 15, 1983.
Structure South Carolina Code of Laws
Title 58 - Public Utilities, Services and Carriers
Chapter 1 - General Provisions
Section 58-1-20. Offer of free pass or reduced rates to certain officials unlawful.
Section 58-1-30. Bond required of public utilities appealing from rate decisions.
Section 58-1-40. Reports of certain carriers and public utilities to Department of Revenue.