South Carolina H3756 amends storm recovery financing for electrical utilities, allowing them to issue bonds for Hurricane Helene's recovery costs and.

South Carolina H3756 amends the state's code to allow electrical utilities to include the cost of capital from Hurricane Helene in storm recovery costs. The bill defines "qualified independent third party" and allows utilities to defer the review and approval of financing orders. It also allows utilities to securitize storm recovery costs, including those related to Hurricane Helene, and mandates that storm recovery charges be nonbypassable and collected from all retail customers.

South Carolina H3756 amends storm recovery financing for electrical utilities, allowing them to issue bonds for Hurricane Helene's recovery costs and.

South Carolina H3756 amends the state's code to allow electrical utilities to include the cost of capital from Hurricane Helene in storm recovery costs. The bill defines "qualified independent third party" and allows utilities to defer the review and approval of financing orders. It also allows utilities to securitize storm recovery costs, including those related to Hurricane Helene, and mandates that storm recovery charges be nonbypassable and collected from all retail customers.