South Carolina Code of Regulations
Chapter 103 - PUBLIC SERVICE COMMISSION
Article 3 - ELECTRIC SYSTEMS
Subarticle 4 - CUSTOMER RELATIONS
Section 103-336 - Deposit Retention

A. Deposit shall be refunded completely with interest after two years unless the customer has had two consecutive thirty-day arrears, or more than two non-consecutive thirty-day arrears, in the past twenty-four months.

B. An electrical utility shall not be required to refund the deposit if a non-residential customer or its parent company is experiencing financial difficulties as determined by an electrical utility using its respective internal credit risk rating criteria and/or if bankruptcy may be imminent, even though the customer continues to make billed payments in timely manner.