New South Carolina law could help electric customers save millions
July 01, 2022
A new law recently passed in South Carolina could save electric customers in that state millions of dollars in costs to restore service after weather events, Duke Energy said Wednesday.
The legislation – Senate Bill 1077 – gives the Public Service Commission of South Carolina the authority to approve the securitization of storm costs if a proposed plan submitted by a utility would result in lower overall costs for customers, the company said.
