Judge Gives Preliminary OK for Scana Customer Settlement
December 04 2018 - 1:55PM
Dow Jones News
--A proposed Scana Corp. (SCG) $2.1 billion settlement with
electric customers received preliminary approval from a South
Carolina judge, The State reported Tuesday.
--The settlement, related to costs for a failed nuclear project,
depends on the state's Public Service Commission approving Dominion
Energy Inc.'s (D) purchase of Scana. The all-stock deal was
initially valued at about $7.66 billion in January.
--A ratepayer attorney said that if the Dominion transaction is
approved, final approval of the customer settlement would be likely
around April, The State reported.
Full story at
https://www.thestate.com/news/politics-government/article222566915.html
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
December 04, 2018 13:40 ET (18:40 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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