South Carolina 2025-2026 Regular Session Status: In Committee

H 5328 — Natural Gas Price Reserve

Last action — Referred to Committee on Labor, Commerce and Industry

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced March 05, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Stalled 16% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING ARTICLE 12 TO CHAPTER 5, TITLE 58 SO AS TO REQUIRE A PUBLIC UTILITY PROVIDING NATURAL GAS DISTRIBUTION SERVICES TO RESIDENTIAL CUSTOMERS TO ESTABLISH AND MAINTAIN NATURAL GAS PRICE RESERVES, AND TO PROVIDE FOR FUNDING USAGE AND COST RECOVERY; AND TO REQUIRE AN ANNUAL REPORT TO THE PUBLIC SERVICE COMMISSION.

Bill Text

What changed in the latest version

55 added · 9 removed

55 line(s) added, 9 removed.

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2025-2026 Bill 5328 Text of Previous Version (Mar.
8J!Æûè( ›=°¬Š¾ÃnG÷…A—Ó4ïêaö „’2Vx9Ñzä–Ýښ•„Ÿ‘ôüˆ¤*¢tLy‹ãô»"úp> «"cËàýIȶ´lþVÏkƒÉ2þv{ä~±[Å·¬¤œÛ³v¡È‡J¤1–²ò»Pü±](ò¾þÌ.¡Õ Ä±š’–ü”œÃ0³çG4ÛïBY€†€—äÿIÎ%>T5èlä”&ߑséÇr.=¿òHuåI”ÑXŠxIü)9—ž_y¤ºò(#… š¦ý´ˆž[y¤¦òDPxäD’þã]X+ö¹8pV92»¬Øm³¼áöµ &F3«`ër}hNÝÞä£<ÜܯC!µ8‘"ÊÇՂ·jÊK1Õ »N)åäD–8ªÅ"§Ò4._Ö±%Ú€ý¯;»$di&°O÷b¿'Hv4-V››0Î(´TÛ‚k]`Ò¼¨ÿÚm㛮©ÓH³·`:´¸ßÑÍiŽ–P†<–³ÝC·«±5;ðÂêÿ’²d´øÈv°|l—o7¿æqÕVÝå˛íC£Òáôe ÃÓ¡w…þÚ!Ó[Z¬Øn{rß;bN†Ç¿ÈMÿPK #ye\Ùî!å Y customXml/itemProps4.xml±NÃ0†wžÂÊâɵJÚTI*“©+‰Õ8—Ô"¶#Û$Ä»ã¨b ã'}ÿwW?õ„ÞÁyeM…Ó Ì´½2c…ŸŸ:²ÇÈaz1Y6뛲÷‡^áƒup  QĘ8óUra>Pêå´ð;ƒ‰ËÁ:-BŒn¤v”„ÖÊEƒ 4c,§r‰,ý¢§E¶ŠÈS[%_|Çx“uiº»‚ls^¾ç;’Í}ËÚmš²ï¤^}.…0ø¿qå-NýGlòMŒp1ÒÄz#>^osF~sBë’^õÑëÔ?PK #ye\Š}™½ ' customXml/_rels/item4.xml.relsÏ1K1†áÞ_Ò¤r³Ê!"›½F„ëDV° ÙÙÝ`f&dædïßVXØ~ÅóñNjù‚&™)¸»®w(ñœi î}z¹}tF4ÒwqÇñfxƒ53ɖ«˜I°›j}ò^ҥ㠴cY¸aT鸭¾ÆôWð÷}ÿàÛoÎW¦9ÍÁ¶Ó|°fºTøÍ˒
05, 2026) - South Carolina Legislature Online South Carolina General Assembly126th Session, 2025-2026Bill 5328Indicates Matter StrickenIndicates New Matter(Text matches printed bills.
Document has been reformatted to meet World Wide Web specifications.)                 A bill   TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING ARTICLE TO CHAPTER 5, TITLE 58 SO AS TO REQUIRE A PUBLIC UTILITY PROVIDING NATURAL GAS DISTRIBUTION SERVICES TO RESIDENTIAL CUSTOMERS TO ESTABLISH AND MAINTAIN NATURAL GAS PRICE RESERVES, AND TO PROVIDE FOR FUNDING USAGE AND COST RECOVERY;
AND TO REQUIRE AN ANNUAL REPORT TO THE PUBLIC SERVICE COMMISSION.
  Be it enacted by the General Assembly of the State of South Carolina:
  SECTION 1.  Chapter 5, Title 58 of the S.C.
Code is amended by adding:
  Article 12   Natural Gas Price Reserve       Section 58-5-1210.
For purposes of this article:
    (1) "Extraordinary gas costs" means wholesale gas costs that exceed historical seasonal averages by a threshold established by regulation, including costs arising from spot market or daily index pricing.
    (2) "Natural gas price reserve" means a restricted fund established for the sole purpose of mitigating the rate impact of extraordinary natural gas costs for residential customers.
    (3) "Public utility" has the same meaning as provided in Section 58-5-10.
      Section 58-5-1220.
(A) Notwithstanding any other provision of law, a public utility providing natural gas distribution service to residential customers must establish and maintain a natural gas price reserve.
This natural gas price reserve shall be funded by modest per-therm surcharges during nonemergency periods, excess margins realized during favorable pricing years, and revenues derived from natural gas capacity releases.
Funds in a natural gas price reserve may only be used to offset extraordinary natural gas costs, and may be utilized over multiple billing cycles, in order to reduce immediate rate shock to residential customers.
    (B) Costs for a natural gas price reserve must not be recovered from residential customers in a single billing cycle unless funds in the natural gas price reserve are insufficient and the Public Service Commission makes written findings explaining the necessity of immediate recovery of costs.
      Section 58-5-1230.
A public utility providing natural gas distribution must submit an annual report to the Public Service Commission that details the natural gas price reserve's:
    (1) amount of funds utilized and reasons regarding the usage of those funds;
    (2) fund balance;
and     (3) impact on residential customer rates.
  SECTION 2.  This act takes effect upon approval by the Governor.
----XX---- This web page was last updated on March 05, 2026 at 12:04 PM
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Action History

  1. Referred to Committee on Labor, Commerce and Industry

  2. Introduced and read first time

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 168 not signed on

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (168)

168 members have not signed on to this bill.

Show all 168 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does H 5328 do?
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING ARTICLE 12 TO CHAPTER 5, TITLE 58 SO AS TO REQUIRE A PUBLIC UTILITY PROVIDING NATURAL GAS DISTRIBUTION SERVICES TO RESIDENTIAL CUSTOMERS TO ESTABLISH AND MAINTAIN NATURAL GAS PRICE RESERVES, AND TO PROVIDE FOR FUNDING USAGE AND COST RECOVERY; AND TO REQUIRE AN ANNUAL REPORT TO THE PUBLIC SERVICE COMMISSION.
Who sponsors H 5328?
H 5328 is sponsored by Representative Joseph S. "Joe" White and Representative Travis A. Moore.
What is the current status of H 5328?
This bill is in committee in the House. Introduced March 05, 2026. It must pass committee before a floor vote.
Where can I track H 5328?
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