South Carolina § 58-31-350 - Acquisition of facilities within service area.
Full text of South Carolina South Carolina Code of Laws § 58-31-350 — Acquisition of facilities within service area., with citation guidance and answers to common questions.
§ 58-31-350. Acquisition of facilities within service area.
Distribution facilities belonging to another electrical utility which, after July 9, 1973, are located in the present service area of the Public Service Authority as defined in Section 58-31-330, shall be acquired by the Public Service Authority within two years of July 9, 1973 and upon payment to the electrical utility concerned of just compensation therefor. Pending the acquisition of such facilities by the Public Service Authority, electrical service shall continue to be furnished by the electrical utility owning the facilities.
For the purposes of this section, "just compensation" shall consist of the total of the following:
(a) Reproduction cost, new, of the facilities being acquired, less depreciation on a straight line basis;
(b) Cost of reintegrating the system of the selling electrical utility after detaching the portion to be sold including allowance for idle substation capacity caused in the remaining portion of the system.
Just compensation shall otherwise be determined as provided in Section 58-27-1360.
HISTORY: 1962 Code SECTION 59-22; 1973 (58) 716.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 58-31-350
What does South Carolina Code of Laws § 58-31-350 cover?
Section 58-31-350 ("Acquisition of facilities within service area.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 58-31-350?
A common citation format is "South Carolina Code of Laws § 58-31-350" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 58-31-350 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.