South Carolina Code 58-5-220. Standardized system of accounts
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The Office of Regulatory Staff may, in its discretion, subject to approval of the commission:
(a) establish a standardized system of accounts to be kept by the public utilities subject to its jurisdiction;
Terms Used In South Carolina Code 58-5-220
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(b) classify such public utilities and establish a standardized system of accounts for each class; and
(c) prescribe the manner in which such accounts shall be kept.