South Carolina Code of Regulations › Chapter 103 - PUBLIC SERVICE COMMISSION › Article 5 - SEWERAGE UTILITIES › Subarticle 2 - RECORDS AND REPORTS › Section 103-512 - Data to be Filed with the Commission and Provided to the ORS

Current through Register Vol. 48, No. 6, June 28, 2024
103-512.1. Annual Report.
Each utility operating in the State shall file an annual
				  report with the commission and provide a copy to the ORS giving accounting and
				  other information as the commission orders. The commission or the ORS will
				  provide an annual report form upon request. If the utility's books are
				  maintained on a calendar year, the annual report must be filed on or before
				  April 1st of each year. If the utility uses a fiscal year other than December
				  31st, the annual report should be filed within three months after the end of
				  the fiscal year.
103-512.2. Current Information and Documents.
The utility shall file with the commission and provide a copy
				  to the ORS the following documents and information, and shall maintain such
				  documents and information in a current status.
103-512.2.1. Tariff.
A copy of each schedule of rates and charges for service,
				  together with the applicable riders, including any rules and regulations, or
				  terms and conditions describing policies and practices of rendering service
				  shall be provided to the commission and the ORS.
103-512.2.2. Special Contract Forms.
A copy of each special contract for service, including aid to
				  construction agreements, and rate agreements shall be provided to the
				  commission and the ORS.
103-512.2.3. Customer Bill.
A copy of each type of customer bill form, which shall
				  include the information which is normally shown on a customer's bill for
				  service shall be provided to the ORS.
103-512.2.4. Operating Area Maps.
A map of the utility's operating area. This map shall be
				  revised and submitted to the ORS annually unless such revision is unnecessary,
				  in which event the utility shall notify the ORS that the map on file is
				  current. The map should show:
(a)
				Location of transmission lines, pumping stations, waste treatment plants and
				discharge points;
(b) Mains by
				size;
(c) Service area clearly
				drawn on operating area map using proper surveying standards;
(d) Names of all communities (post offices)
				served; and
(e) Capacity of the
				system.
103-512.2.5. Authorized Utility Representative.
The utility shall advise the commission and ORS of the name,
				  title, address, email address, and telephone number of the person who should be
				  contacted in connection with:
(a)
				General management duties;
(b)
				Customer relations (complaints);
(c) Engineering operations; and
(d) Emergencies during non-office
				hours.
103-512.3. Performance Bond.
Prior to operating, maintaining, acquiring, expanding or
				  improving any utility system, for which commission approval is required, the
				  utility shall have on file with the commission and provide a copy to the ORS a
				  performance bond with sufficient surety using a format prescribed by the
				  commission.
103-512.3.1. Amount of Bond.
The amount of bond shall be based on, but not limited to, the
				  total amount of the following categories of expenses for twelve months:
				  Operation and Maintenance Expenses, General and Administrative Expenses, Taxes
				  Other Than Income Taxes, Income Taxes, and Debt Service including Interest
				  Expenses. The minimum amount of the bond shall be $100,000 and the maximum
				  amount of the bond shall be $350,000 based on the verified expenses of the
				  utility for the preceding twelve-month period. A bond shall be required for
				  each water and wastewater provider under the jurisdiction of the Public Service
				  Commission. A certification that the face amount of the bond on file with the
				  commission complies with the provisions of 103-512.3.1 of this rule shall be
				  filed with the annual report required by 103-512.1 of this rule. The ORS shall
				  review the annual reports and certifications and determine whether the present
				  bond of the utility accurately reflects the expenses of the utility. Based upon
				  the expenses of the utility as submitted in the annual report and as reviewed
				  and adjusted by the ORS, the ORS shall make recommendations for increasing or
				  reducing the amount of the bond within the minimum and maximum limits as
				  prescribed by statute.
103-512.3.2. Sureties.
Sufficient surety may be any duly licensed bonding or
				  insurance company authorized to do business in this State. A corporate surety,
				  other than such a bonding or insurance company, shall not be considered
				  sufficient surety. Sufficient surety may be any individual, a stockholder,
				  partner, sole owner, etc., in the utility, so long as the individual surety's
				  net worth is at least twice the face amount of the performance bond.
103-512.3.3. Financial Statement.
Upon order of the commission, when any individual acts as
				  surety, the individual shall file with the commission and provide a copy to the
				  ORS annually a financial statement verified by said surety showing the
				  individual surety's personal assets, liabilities, and net worth. The commission
				  may accept a verification of the financial statement in a format prescribed by
				  the commission, including third-party verification.