South Carolina Statutes
§ 58-27-1550 — Annual depreciation; depreciation reserve.
South Carolina·Title 58 PUBLIC UTILITIES, SERVICES AND CARRIERS·Ch. 27 ELECTRIC UTILITIES AND ELECTRIC COOPERATIVES
Every electrical utility may, and may be required to, charge annually as an operating expense a reasonable sum for depreciation and credit the sum to a reserve account for such purpose. The reserve account must be charged only with plant retirements and expenditures made to restore depreciated property. But if the reserve thus created shall at any time in the judgment of the Office of Regulatory Staff be excessive, the commission, after due hearing, shall issue an order as will result in the credits to the reserve thereafter conforming to actual facts and conditions as ascertained by the commission. The commission may control or limit the depreciation reserve.
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South Carolina § 58-27-1550 (Annual depreciation; depreciation reserve.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 24-95; 1952 Code SECTION 24-95; 1942 Code SECTION 8555-2; 1932 (37) 1497; 1934 (38) 1452; 1935 (39) 207; 1937 (40) 493; 2006 Act No. 318, SECTION 194, eff May 24, 2006.
Nearby Sections
15
§ 58-27-10
Definitions.§ 58-27-1020
Capitalization for rate-making purposes.§ 58-27-1040
Certain sections cumulative.§ 58-27-1050
Distributed energy resources; report required.§ 58-27-110
Effect of chapter on interstate commerce.§ 58-27-1105
Definitions.§ 58-27-1110
Petition for financing order; requirements.