Lege Trend. East Coast. Reigning in Power Plant Costs.

State: South Carolina

What triggered a bill to reign in power plant costs?  A nuclear power plant with cost overruns of billions and years behind schedule

The Legislation: South Carolina’s H 4022 (2017)

How does South Carolina try to tighten power plant costs?

• Gives an oversight agency, like OPUC,  more powers to “petition the Public Service Commission for orders modifying returns on equity to be applied to future rates,” along with other measures meant to protect consumers
• Requires utilities to prove rate increases are necessary

What are supporters saying? Its not drastic, ” its re-balancing”

Utility Dive | As Summer bills soar, South Carolina mulls bill for tighter rules on power plant costs