Unless otherwise specified, for purposes of this chapter:
(1) "Commission" means the Public Service Commission.
(2) "Contract" has the same meaning as the term is used in Section 58-27-980.
(3) "Electrical utility" has the same meaning as provided in Section 58-27-10(7).
(4) "Marginal cost" means the electrical utility's marginal cost for producing energy.
(5) "Qualifying customer" means either:
(a) an existing commercial or industrial customer with a combined firm and interruptible contract demand greater than 20 megawatts that agrees to a new or extended electric service contract with a term of five years or more; or
(b) a commercial or industrial customer that agrees to locate its operations in South Carolina or expand its existing establishment, and such location or expansion results in the minimum of:
(i) 500 kilowatts at one point of delivery;
(ii) fifty new employees; and
(iii) capital investment of $400,000 following the electrical utility's approval for service.
(6) "Rate proposal" means a written document that identifies the rates, terms, and conditions for electric service offered by an electrical utility to a prospective customer.
(7) "Renewable energy facility" means a solar array or other facility constructed by or on behalf of a qualifying customer for the exclusive purpose of supplementing electrical power generation from a renewable energy source for its economic development location, expansion, or retention.
(8) "Transformational customer" means a commercial or industrial customer that agrees to locate its operations in South Carolina or expand its existing establishment, and such location or expansion results in the addition of a minimum of:
(a) 50 megawatts at one point of delivery;
(b) 500 new employees;
(c) capital investment of $100,000,000 following the electrical utility's approval for service; and
(d) who is designated by the South Carolina Department of Commerce as a business which will bring substantial benefit to the economy of South Carolina and its citizens, such that it is in the public interest to have such transformational customer located in this State.