South Carolina General Assembly
115th Session, 2003-2004

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H. 4405

STATUS INFORMATION

General Bill
Sponsors: Reps. Cato, Wilkins, Sandifer, Weeks, Scott and Neilson
Document Path: l:\council\bills\nbd\11938ac03.doc

Introduced in the House on June 5, 2003
Introduced in the Senate on February 3, 2004
Last Amended on January 29, 2004
Currently residing in the Senate Committee on Judiciary

Summary: Fuel, cost related to purchased power

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
    6/5/2003  House   Introduced and read first time HJ-159
    6/5/2003  House   Referred to Committee on Labor, Commerce and Industry 
                        HJ-160
   1/21/2004  House   Committee report: Favorable with amendment Labor, 
                        Commerce and Industry HJ-7
   1/22/2004  House   Member(s) request name added as sponsor: Weeks
   1/27/2004  House   Debate adjourned until Wednesday, January 28, 2004 HJ-10
   1/28/2004  House   Requests for debate-Rep(s). Merrill, Dantzler, Hinson, 
                        Gourdine, Clyburn, Rutherford, Scott, Cato, EH Pitts, 
                        Scarborough, Sandifer, Breeland, Clemmons, Young & 
                        Altman HJ-16
   1/28/2004  House   Member(s) request name added as sponsor: Scott
   1/29/2004  House   Requests for debate removed-Rep(s). Merrill, Hinson, 
                        Sandifer, Scott, Scarborough, Breeland, Cato, 
                        Dantzler, EH Pitts, Clemmons, and Gourdine HJ-28
   1/29/2004  House   Member(s) request name added as sponsor: Neilson
   1/29/2004  House   Amended HJ-28
   1/29/2004  House   Read second time HJ-29
   1/29/2004  House   Unanimous consent for third reading on next legislative 
                        day HJ-29
   1/30/2004  House   Read third time and sent to Senate HJ-2
    2/3/2004  Senate  Introduced and read first time SJ-18
    2/3/2004  Senate  Referred to Committee on Judiciary SJ-18

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

6/5/2003
1/21/2004
1/29/2004

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

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AMENDED

January 29, 2004

H. 4405

Introduced by Reps. Cato, Wilkins, Neilson, Sandifer, Scott and Weeks

S. Printed 1/29/04--H.

Read the first time June 5, 2003.

            

STATEMENT OF ESTIMATED FISCAL IMPACT

ESTIMATED FISCAL IMPACT ON GENERAL FUND EXPENDITURES:

$0 (No additional expenditures or savings are expected)

ESTIMATED FISCAL IMPACT ON FEDERAL & OTHER FUND EXPENDITURES:

$0 (No additional expenditures or savings are expected)

EXPLANATION OF IMPACT:

The Public Service Commission states that there will be no fiscal impact on the General Fund of the State nor on federal and/or other funds.

Approved By:

Don Addy

Office of State Budget

A BILL

TO AMEND SECTION 58-27-865, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO FUEL COSTS INCURRED BY ELECTRICAL UTILITIES FOR THE SALE OF ELECTRICITY, SO AS TO FURTHER CLARIFY THAT THE TERM "FUEL COSTS RELATED TO PURCHASED POWER" INCLUDES COSTS OF FIRM GENERATION CAPACITY PURCHASES AND THE TOTAL DELIVERED COST OF ECONOMY PURCHASES OF ELECTRIC POWER.

Amend Title To Conform

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 58-27-865(A)    of the 1976 Code, as amended by Act 348 of 1996, is further amended to read:

"(A)(1)    The words 'fuel cost' as used in this section shall include the cost of fuel, fuel costs related to purchased power, and the cost of SO2 emission allowances as used and shall must be reduced by the net proceeds of any sales of SO2 emission allowances by the utility.

(2)    In order to clarify the intent of this section, 'fuel costs related to purchased power', as used in subsection (A)(1) shall include:

(a)    costs of firm generation capacity purchases, which are defined as purchases made to cure a capacity deficiency or to maintain adequate reserve levels; 'costs of firm generation capacity purchases' include the total delivered costs of firm generation capacity purchased and shall exclude generation capacity reservation charges, generation capacity option charges, and any other capacity charges;

(b)    the total delivered cost of economy purchases of electric power including, but not limited to, transmission charges; 'economy purchases' are defined as purchases made to displace higher cost generation, at a price which is less than the purchasing utility's avoided variable costs for the generation of an equivalent quantity of electric power."

SECTION    2.    This act takes effect upon approval by the Governor.

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