S.C. Utility Regulator Approves Dominion, Scana Merger
December 14 2018 - 6:09PM
Dow Jones News
By Patrick Thomas
The Public Service Commission of South Carolina blessed Dominion
Energy Inc.'s (D) merger with South Carolina's largest power
company, Scana Corp. (SCG), Dominion said Friday.
The Richmond, Va.-based energy company said the conditions of
the deal will be released as part of a written order on Dec.
21.
S.C. utility regulators also approved a $22-a-month rate cut for
customers, consistent with the companies' proposal, Dominion
said.
"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," Dominion Chief Executive Thomas Farrell
said in a statement.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
December 14, 2018 17:54 ET (22:54 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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