The South Carolina Public Service Authority shall have the power to become a joint owner with South Carolina Electric and Gas Company of a proposed nuclear electric generating station, and related transmission facilities, to be constructed on a site at or near Parr Shoals in Fairfield County and specifically the power to plan, finance, acquire, own, operate and maintain an undivided interest in such plant and facilities necessary or incidental to the generation and transmission of electric power generated at the plant, and to make such plans and enter into such contracts as are necessary or convenient for the planning, financing, acquisition, construction, ownership, operation and maintenance of the plant and facilities; provided, however, that the Public Service Authority shall own a percentage of the plant and facilities equal to the percentage of the money furnished or the value of property supplied by it for the acquisition and construction of the plant and facilities and shall own and control a like percentage of the electrical output thereof; provided, further, that the Public Service Authority shall be severally liable, in proportion to its ownership share of the plant and facilities, for the acts, omissions or obligations performed, omitted or incurred by South Carolina Electric and Gas Company while acting as the designated agent of the Public Service Authority for purposes of constructing, operating or maintaining the plant and facilities or any of them, but shall not otherwise be liable, jointly or severally, for the acts, omissions or obligations of South Carolina Electric and Gas Company; nor shall any money or property of the Public Service Authority be credited or otherwise applied to the account of South Carolina Electric and Gas Company, or be charged with any debt, lien or mortgage as a result of any debt or obligation of South Carolina Electric and Gas Company.