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Dominion watching legal maneuverings with interest
The Virginia-based company has proposed a $14.6 billion merger with SCE&G parent company SCANA and is keeping tabs on a pending SCE&G lawsuit. It warns, though, that if a repeal of the Base Load Review Act stands, that deal is off.
SCANA reports drop in earnings in second quarter
SCANA earnings fell from $121M in the second quarter of 2017 to $8M in the second quarter of 2018. The company's stock rose Thursday after a federal judge denied motions to dismiss subsidiary SCE&G's lawsuit challenging rate reductions.
SCANA shareholders approve Dominion merger
Shareholders of the Cayce-based utility approved the proposed $14.6 billion deal at a special meeting today. The deal still must be approved by regulatory bodies including the S.C. Public Service Commission.
Southern Current investing $100M in Chesterfield County
The Charleston-based solar developer announced a $340 million investment in 17 Darlington County projects on Monday. It is also developing projects in Anderson, Aiken, Lee and Hampton counties.
Southern Current to invest $340M in Darlington County
The Charleston-based solar developer will expand its growing state solar farm presence with 17 new projects in the county. The company has also announced investments in Anderson, Aiken, Lee and Hampton counties in 2018.
Santee Cooper responds to lawsuits
The state-owned utility asked the S.C. Supreme Court to affirm its authority to set rates that cover expenses, including debt from the failed V.C. Summer nuclear project.
SCE&G files for natural gas rate decrease
The utility's parent company, SCANA Corp. said the $22.6 million, or 5.29%, overall decrease to its retail natural gas base rates would save residential natural gas customers around $4.09 per month if approved.
New solar facility planned for Aiken County
Southern Current, a developer of residential, commercial and utility-scale facilities across the southeastern U.S., will invest $20 million in a project near the town of Jackson.
SCANA shareholders to vote on merger in July
Shareholders of the Cayce utility as of May 31 will vote on a proposed $14.6 billion merger with Dominion Energy on July 31.
Senate votes to repeal Base Load Review Act
The measure passed 43-0. Another proposal that would give the Office of Regulatory Staff subpoena power and create a consumer advocate was passed by the same margin. The measures have already cleared the S.C. House.
SCE&G completes purchase of natural gas plant
The Columbia Energy Center in Gaston, which SCE&G purchased for approximately $180 million, replaces more than 40% of the projected generating capacity from SCE&G's portion of the abandoned V.C. Summer nuclear project, the company said
SCANA reports $2M drop in earnings for 1st quarter
The Cayce-based company said the decrease stemmed largely from higher legal costs and advisory fees. Primary subsidiary SCE&G reported a $16M increase in first-quarter earnings.
