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S 446·SC·senate

Electric Rate Stabilization Act

Reported by CommitteeFiled Mar 12, 2025
Sponsor: Young
Latest Action

Recommitted to Committee on Judiciary

Apr 30, 2026

Summary

The Electric Rate Stabilization Act lets a retail electric utility voluntarily submit to an annual review of its rates, costs, and earnings. The utility must file quarterly monitoring reports, allow public intervenors to comment, and accept audit findings from the Office of Regulatory Staff. The commission then issues initial and final orders that adjust rates, with any over‑ or under‑collections corrected in later bills.

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