South Carolina S0157 amends storm recovery financing for electrical utilities, allowing them to issue bonds for Hurricane Helene recovery costs.

South Carolina S0157 amends the state code to modify the process for electrical utilities to recover costs from storm damage. The bill allows utilities to issue storm recovery bonds to cover costs related to Hurricane Helene, including the utility's cost of capital from the storm's occurrence until the bonds are issued. The bill also modifies the petition process for financing orders, allowing utilities to defer the review and approval of principal costs.

South Carolina S0157 amends storm recovery financing for electrical utilities, allowing them to issue bonds for Hurricane Helene recovery costs.

South Carolina S0157 amends the state code to modify the process for electrical utilities to recover costs from storm damage. The bill allows utilities to issue storm recovery bonds to cover costs related to Hurricane Helene, including the utility's cost of capital from the storm's occurrence until the bonds are issued. The bill also modifies the petition process for financing orders, allowing utilities to defer the review and approval of principal costs.