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SCANA re-elects three Class I directors in annual meeting
The Cayce-based company also approved an accounting firm to audit its 2018 financial statements and approved a non-binding advisory proposal on executive compensation.
SCANA declares quarterly dividend
SCANA Corp. declared a quarterly dividend of 12.37 cents per share for the third quarter of 2018 at a meeting of its board of directors.
Southern Current investing $28M in new Orangeburg County solar project
Ulmer Solar LCC will be developed in Orangeburg County by the Charleston-based company, which has invested millions in solar projects throughout South Carolina.
Santee Cooper postpones scheduled August meetings
Santee Cooper interim CEO Jim Brogdon sent a letter to Gov. Henry McMaster and Senate President Pro Tempore Hugh Leatherman saying board and committee meetings for August were postponed. McMaster said the move was unlawful.
SCE&G to offer bond issue on Friday
The utility negotiated the sale of a total of $700 million principal amount of its first mortgage bonds and is selling three- and 10-year bonds to the public in a debt offering.
Southern Current investing $10M in Clarendon County projects
The Charleston-based solar developer is planning two projects near Summerton and one outside Manning. The three facilities will generate a combined six megawatts of solar energy.
Coronal Energy building solar project in Florence
Rankin Solar Center marks Virginia-based Coronal's first solar project in South Carolina. It is projected to bring close to $15 million of capital investment and generate 10 megawatts of solar power.
SCE&G files emergency motion for injunction
The utility has asked the U.S. Court of Appeals to halt a temporary 15% rate cut mandated by state regulators that is scheduled to begin with August's first billing cycle.
Small business chamber calls for separate PSC hearings
The S.C. Small Business Chamber of Commerce wants multiple hearings by the Public Service Commission on SCE&G rate reduction and Dominion's proposed acquisition of SCANA.
SCE&G injunction request denied again
A federal court has denied for the second time the utility's request to stop a temporary rate reduction from taking effect. The 15% cut will begin with August's first billing cycle and also be reflected on some earlier bills.
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.
