"Dominion Offers To Buy SCANA In Wake Of S.C. Nuclear Plant Failure"

"COLUMBIA — Dominion Energy delivered a blockbuster offer to buy SCANA Corp. on Wednesday in the wake of South Carolina’s failed nuclear project, pitching a $14.6 billion deal that would be among the largest in state history.

The offer from the Virginia-based utility giant, which SCANA has accepted, vowed to deliver lower electric rates to South Carolina Electric & Gas customers and a partial refund of the costly and incomplete expansion of the V.C. Summer Nuclear Station.

Dominion also delivered a warning to lawmakers who are tasked with deciding who pays what for the $9 billion project and the regulators who will help decide if the deal goes through: Keeping a state law that allows charging customers for the unfinished reactors."

Andy Shain, Thad Moore, and Seanna Adcox report for the Charleston Post and Courier January 3, 2018.