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H. 4420
STATUS INFORMATION
General Bill
Sponsors: Reps. Finlay, Huggins, W. Newton and Fry
Document Path: l:\council\bills\ggs\22006zw18.docx
Introduced in the House on January 9, 2018
Currently residing in the House Committee on Judiciary
Summary: Base Load Review Act
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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11/9/2017 House Prefiled
11/9/2017 House Referred to Committee on Judiciary
1/9/2018 House Introduced and read first time (House Journal-page 104)
1/9/2018 House Referred to Committee on Judiciary
(House Journal-page 104)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 58-33-282 SO AS TO PROHIBIT A UTILITY THAT EMPLOYS THE BASE LOAD REVIEW ACT'S ABANDONMENT PROCEDURES FROM GIVING OR AWARDING TO AN OFFICER OR A "C-SUITE" OR "C-LEVEL" EXECUTIVE A SEVERANCE PACKAGE WITH A VALUE OR WORTH THAT EXCEEDS THE LARGEST SEVERANCE PACKAGE GIVEN OR AWARDED TO AN EMPLOYEE OR INDEPENDENT CONTRACTOR TERMINATED AS A RESULT OF THE UTILITY'S ABANDONMENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 4, Chapter 33, Title 58 of the 1976 Code is amended by adding:
"Section 58-33-282. Notwithstanding another provision of law, a utility that employs the abandonment procedures pursuant to this article may not give or award to an officer or a 'C-suite' or 'C-level' executive a severance package with a value or worth that exceeds the largest severance package given or awarded to an employee or independent contractor terminated as a result of the utility's abandonment."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
January 10, 2018 at 11:22 AM