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SCE&G

Jan 23, 2019

Dominion merger means change for SCE&G customers in 2019

  Almost a year to the day after first making details of its proposal to acquire SCANA Corp. public, Richmond, Virginia-based Dominion Energy completed the merger, capping a tumultuous 12 months of legal maneuvering and absorbing South Carolina’s independent utility company. The $14.6 billion deal will provide ratepayers of former SCANA subsidiary S.C. Electric & […]

Nov 2, 2018

SCE&G opens rate hearing blaming regulators for nuke failure

The private utility that spent billions of dollars on the construction of two nuclear reactors in South Carolina which were abandoned without generating any power said government watchdogs should bear much of the responsibility for the debacle. A lawyer for South Carolina Electric & Gas made a rare public statement for the company Thursday during […]

Oct 25, 2018

SCANA shares drop sharply with news law might be overturned

The price of shares in the stock of a private South Carolina utility have fallen sharply after suggestions a judge may overturn a law the firm said has been key to its profitability. SCANA Corp.’s stock opened this week at $40.91 a share, then fell more than $4 a share in less than six hours […]

Aug 23, 2018

SCE&G litigation creates uncertainty for suitor

BY MELINDA WALDROP [email protected] As legal wrangling between S.C. Electric & Gas Co. and state lawmakers continues to unfold, the company bidding to acquire the utility’s parent company is, like other interested players, waiting to see how everything shakes out. But if recently passed legislation stands—the General Assembly repealed a state law that allowed SCE&G […]

Aug 7, 2018

Judge allows rate cut to stand for failed nuclear plants

COLUMBIA (AP) A 15 percent rate cut ordered by lawmakers can start showing up on a private South Carolina utility’s bills after the company lost billions of dollars on two nuclear plants that were never finished, a federal judge ruled Aug. 6. Judge Michelle Childs ruled that the cut, retroactive to April, can start showing […]

Jul 31, 2018

Utility wants federal judge to stop rate cuts over reactor

COLUMBIA (AP) A South Carolina utility told a federal judge on July 30 that it played by the rules, so lawmakers should too, even if it means saddling customers with billions of dollars of debt from a failed nuclear project. South Carolina Electric & Gas Co. wants the judge to stop a temporary 15 percent rate […]

Jun 26, 2018

State-owned utility asks SC Supreme Court about payments

MONCKS CORNER (AP) State-owned utility Santee Cooper is asking the South Carolina Supreme Court to resolve a dispute with electric cooperatives. Santee Cooper asked the Supreme Court on June 25 to determine whether the electric cooperatives must pay their share for a failed nuclear project. SCE&G and Santee Cooper abandoned plans to build two nuclear reactors […]

Mar 6, 2018

SC judge won’t dismiss SCE&G lawsuits

  York County Circuit Court Judge John Hayes III recently decided to allow five lawsuits filed against South Carolina Electric and Gas Company to continue. The lawsuits claim that the actions of SCE&G cost customers just shy of $2 billion, and as a result they should be paid back. “These are matters at law, properly […]

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