RICHMOND, Va. and CAYCE, S.C., Dec. 14,
2018 /PRNewswire/ -- Today the Public Service
Commission of South Carolina
(SCPSC) voted to approve the merger between Dominion Energy, Inc.
(NYSE: D) and SCANA Corporation (NYSE: SCG) 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."
About Dominion Energy
Nearly 6 million customers in 19 states energize their homes and
businesses with electricity or natural gas from Dominion Energy,
headquartered in Richmond, Va. The
company is committed to sustainable, reliable, affordable, and safe
energy and is one of the nation's largest producers and
transporters of energy with nearly $80
billion of assets providing electric generation,
transmission and distribution, as well as natural gas storage,
transmission, distribution, and import/export services. As one of
the nation's leading solar operators, the company intends to reduce
its carbon intensity 50 percent by 2030. Through its Dominion
Energy Charitable Foundation, as well as EnergyShare and other
programs, Dominion Energy plans to contribute more than
$30 million in 2018 to community
causes throughout its footprint and beyond. Read about Dominion
Energy and visit us on Facebook or Twitter.
About SCANA
SCANA Corporation, headquartered in
Cayce, S.C., is an energy-based
holding company principally engaged, through subsidiaries, in
electric and natural gas utility operations and other
energy-related businesses. Information about SCANA and its
businesses is available on the company's website
at www.scana.com.
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SOURCE Dominion Energy
