COLUMBIA, S.C. | Dominion Energy completes buyout of South Carolina utility

2Jan - by Editor - 0 - In STL.News

COLUMBIA, S.C.—Jan 02, 2019— Dominion Energy says it has completed its merger with a South Carolina utility drowning in debt after the failure of a nuclear construction project.

The Virginia-based company announced Wednesday that it paid $6.8 billion for SCANA Corp.’s stock and also is taking on SCANA’s consolidated net debts of $6.6 billion.

Dominion was the only buyer for the parent company of South Carolina Electric & Gas after SCANA abandoned the V.C.

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