(1) The Public Service Authority may not enter into a contract for the purchase of power with a duration longer than ten years without approval of the Public Service Commission of South Carolina, provided that the approval is required only to the extent the transaction is not subject to the exclusive jurisdiction of the Federal Energy Regulatory Commission or any other federal agency. This section does not apply to purchases of renewable power through a commission approved competitive procurement process.
(2) The commission shall consider any previous analysis performed pursuant to Section 58-37-40 in acting upon any petition by the Public Service Authority pursuant to this section. The commission shall also take into account the Public Service Authority's resource and fuel diversity, reasonably anticipated future operating costs, arrangements with other electric utilities for interchange of power, pooling of plants, purchase of power, and other alternative methods for providing reliable, efficient, and economical electric service.
(3) The commission may not grant approval unless it shall find and determine that the proposed transaction is in the best interests of the retail and wholesale customers of the Public Service Authority.
HISTORY: 2021 Act No. 90 (H.3194), Section 20, eff January 1, 2022.
Structure South Carolina Code of Laws
Title 58 - Public Utilities, Services and Carriers
Chapter 33 - Utility Facility Siting And Environmental Protection
Section 58-33-10. Short title.
Section 58-33-20. Definitions.
Section 58-33-140. Parties to certification proceedings; limited appearances; intervention.
Section 58-33-150. Record of proceedings; consolidation of representation of parties.
Section 58-33-160. Decision of Commission.
Section 58-33-170. Opinion of Commission.
Section 58-33-180. Additional requirements regarding construction of a major utility facility.
Section 58-33-185. Additional requirements regarding acquisition of a major utility facility.
Section 58-33-190. Additional requirements regarding purchase of a major utility facility.
Section 58-33-210. Citation and applicability of article.
Section 58-33-220. Definitions.
Section 58-33-250. Application for baseline review; contents.
Section 58-33-260. Combined application; contents.
Section 58-33-275. Base load review orders; parameters; challenges; recovery of capital costs.
Section 58-33-277. Reports; contents; on-going monitoring by Office of Regulatory Staff.
Section 58-33-280. Requests for approval of revised rates.
Section 58-33-295. Office of Regulatory staffing; expert witnesses.
Section 58-33-298. Application of limitations on rate filings in Section 58-27-870(E).
Section 58-33-310. Appeal from final order or decision.
Section 58-33-320. Jurisdiction of courts.
Section 58-33-410. Authority of other agencies or local governments; application of other laws.
Section 58-33-430. Annual reports shall be furnished by public utilities.