2025-2026 Regular SessionSouth Carolina Legislature

S0446: Electric Rate Stabilization Act

Legislative Summary

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.

Demographic Impact

Overall analysis of equity impact

60% Positive
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Bill History

3/12/2025
Introduced and read first time
Senate
3/12/2025
Referred to Committee on Judiciary
Senate
3/26/2025
Committee report: Favorable with amendment Judiciary
Senate
3/28/2025
Scrivener's error corrected

Status Information

Current Status
Introduced(3/12/2025)
Chamber
Senate

Sponsors

Republican: 2

Primary Sponsor

Thomas Young
Thomas Young
Republican

Documents

Comm Sub
Bill Text3/28/202534.6 KB
Comm Sub
Bill Text3/26/202533.9 KB
Introduced
Bill Text3/12/202524.6 KB
Fiscal Note
Fiscal Note3/24/2025171.4 KB