South Carolina § 58-1-50 Interest paid with refund of excess charges not to constitute cost basis for rate-making.

South Carolina Statutes

§ 58-1-50 — Interest paid with refund of excess charges not to constitute cost basis for rate-making.

South Carolina § 58-1-50

Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS

Ch. 1GENERAL PROVISIONS

This text of South Carolina § 58-1-50 (Interest paid with refund of excess charges not to constitute cost basis for rate-making.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 58-1-50 (2026).

Text

Notwithstanding any other provision of law, any public utility as defined in item (3) of Section 58-5-10, any telephone utility, and any electrical utility whose rates are subject to regulation by the Public Service Commission, when putting a proposed rate increase into effect under bond in the manner authorized by law, shall not be permitted to include as part of its rate base any interest expenses paid to customers on refunds which are required when the rate increase is not approved either in whole or in part.

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding any other provision of law, any public utility as defined in item (3) of Section 58-5-10, any telephone utility, and any electrical utility whose rates are subject to regulation by the Public Service Commission, when putting a proposed rate increase into effect under bond in the manner authorized by law, shall not be permitted to include as part of its rate base any interest expenses paid to customers on refunds which are required when the rate increase is not approved either in whole or in part.