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Jul 24, 2020

Ex-utility exec pleads guilty to $1B fraud in South Carolina

COLUMBIA, S.C. (AP) — Nearly three years after leading a failed project to build two nuclear reactors in South Carolina, an executive in charge of the construction pleaded guilty Thursday to taking more than $1 billion from the pockets of ratepayers and investors. Former SCANA Corp. Executive Vice President Stephen Byrne said little beyond answering […]

Nov 26, 2018

SCANA and SCE&G settle class action lawsuit related to V.C. Summer nuclear project

Plaintiffs Richard Lightsey, LeBrian Cleckley, and Phillip Cooper have reached an agreement with SCANA Corporation and South Carolina Electric & Gas Company to settle a lawsuit filed in the state Court of Common Pleas in Hampton County on behalf of themselves and current and former SCE&G electric customers. The settlement addresses these customers’ claims and […]

Aug 1, 2018

Shareholders of troubled SC utility approve merger plan

COLUMBIA (AP) Shareholders of SCANA agreed July 31 to sell the South Carolina utility to Virginia-based Dominion Energy, which has agreed to swallow billions of dollars in debt from the company’s failed nuclear construction project and other operations. The deal gives Dominion — already one of the nation’s largest utility companies — more of a foothold […]

Jul 31, 2018

Shareholders of troubled SC utility to vote on merger plan

COLUMBIA (AP) Shareholders of South Carolina utility SCANA are expected to vote July 31 on whether to merge with Virginia-based Dominion Energy. SCANA suddenly needed a buyer after spending billions of dollars on a pair of nuclear reactors that were abandoned a year ago. Dominion is offering more than $1 billion in rebates, but is also […]

Mar 29, 2018

Dominion warns bill removing nuke surcharge could end merger

COLUMBIA (AP) A Virginia power company says if South Carolina lawmakers pass a bill removing the monthly charge for two nuclear plants that will not be built then it will likely withdraw a merger offer. Dominion Energy CEO Tom Farrell says the company’s offer to return up to $1,000 to SCANA customers and promise not […]

Mar 22, 2018

Virginia utility: South Carolina customers would pay $4B

COLUMBIA (AP) A Virginia utility seeking to buy a South Carolina utility says its customers would pay nearly $4 billion for a failed nuclear project. Media outlets reported state regulators said March 21 the plan by Dominion Energy would require customers of South Carolina Electric & Gas Co. to pay $3.8 billion for the failed reactor […]

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