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 […]
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 […]
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 […]
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 […]
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 […]
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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