State Regulators Approve Dominion, SCANA Merger
Staff Report From South Carolina CEO
Monday, December 17th, 2018
The Public Service Commission of South Carolina voted to approve the merger between Dominion Energy, Inc. and SCANA Corporation with conditions to be outlined later as part of a written order that is to be issued by Dec. 21, 2018. The SCPSC also approved a customer benefits plan that reduces customer bills below current levels, consistent with the companies’ proposal.
Said the companies:
“Dominion Energy and SCANA are pleased with today’s action of the Public Service Commission of South Carolina after an open, thorough and inclusive public process. We look forward to reviewing an order when it’s issued.”
Said Thomas F. Farrell, II, chairman, president and chief executive officer of Dominion Energy:
“Dominion Energy is encouraged by the Commission’s vote and awaits an order to review prior to making a final decision to close the merger with SCANA. We are pleased with the opportunity to increase our presence in communities served by SCANA, expand our involvement in charitable giving and implement an EnergyShare-like program in South Carolina to assist low-income, elderly, disabled and veteran customers.”
Said SCANA CEO Jimmy Addison:
“We are pleased that today’s decision brings us one step closer to a final resolution and the certainty that stakeholders have been hoping for. We look forward to reviewing the details of the Commission’s final written order when it is issued.”