Securities agents sue former S.C. utility execs over fraud

摘要

Two former executives at a South Carolina utility lied repeatedly to regulators andinvestors about the progress of construction of two nuclear reactors taking more than a billion dollars out of the pockets of investors and ratepayers, federal securities officialssaid.The Securities and Exchange Commission sued Scana Corp., its subsidiary SouthCarolina Electric & Gas, and the utility's former CEO, Kevin Marsh, and executive vicepresident, Stephen Byrne, yesterday.Dominion Energy of Virginia bought the South Carolina utilitylast year and was also included in the suit.