Late News

摘要

on July 12. The Federal Energy Regulatory Commission said that the merger, proposed as SCANA faces financial and legal fallout from the July 2017 cancellation of the Summer-2 and -3 AP1000 reactors, "is consistent with the public interest." In response, Thomas Farrell, Dominion Energy's chairman, president, and chief executive officer, said, "We are pleased with the FERC's considered and timely action.... We will continue working toward achieving the other required regulatory approvals and completing our transaction by the end of this year." The merger must still be approved by SCANA shareholders, the public service commissions of South Carolina and North Carolina, and the Nuclear Regulatory Commission. According to Farrell, the South Carolina legislature's June 27 vote to cut SCANA subsidiary South Carolina Electric & Gas Company's (SCE&G) electricity rates by 15 percent (see page 20) had jeopardized Dominion's acquisition of SCANA and the $1,000 refunds it has promised customers of SCE&G.