Dominion Energy merger with with Cayce-based SCANA is completed

Dominion Energy, Inc. and SCANA Corporation announced Wednesday that they have completed their merger, for customers in South Carolina, Georgia, and North Carolina.

SCANA was the primary electric utility for Lexington County.

Click for link to Dominion website

Dominion said the:  Merger benefits SCANA’s customers, communities; Reduces customer bills, commits to maintain or exceed customer service levels; Builds on Dominion Energy’s presence in Georgia, North Carolina, South Carolina; Addition of high-quality regulated businesses improves company’s risk profile, supports long-term growth.

Thomas F. Farrell, II, Dominion chairman, president and chief executive officer, said:

“Dominion Energy is pleased to add SCANA’s fast-growing, high-performing Southeastern businesses to our 18-state footprint. Together, we are committed to providing safe, dependable, affordable and clean energy to the communities served by SCANA and to maintaining its excellent record of reliability and customer service.”

Tom Farrell  CEO, Dominion Energy – Click for video

Wednesday’s combination expands Dominion Energy’s operations in Georgia and the Carolinas, where the company had already operated an electric utility serving 120,000 customer accounts in northeastern North Carolina, a 1,500-mile interstate pipeline principally in South Carolina, and nearly 1,000 megawatts of gas, hydro and solar generating capacity in all three states.

“The addition of SCANA makes geographic sense and aligns well with our core, regulated energy businesses,” Farrell added. “These are well-run regulated operations that we expect will help improve Dominion Energy’s risk profile and growth outlook.”

Jimmy Addison, chief executive officer of SCANA, said: “Today marks a significant milestone in the history of Dominion Energy and SCANA. Employees at our respective companies have been working hard for months on integration planning, and I am confident that will lead to a smooth transition.  These two companies share common values, and this combination provides SCANA’s businesses with the scale and stability to meet customers’ growing energy needs in the years to come. I am particularly proud that despite the intense efforts that went into planning for the integration and attaining approval of the combination of the companies over the past year, employees across our three-state region maintained their focus on providing energy to our customers safely and reliably.  We will now hit the ground running with Dominion Energy and embrace change.”

Below is information from a SCANA release:
A new day is on the horizon for energy in South Carolina because SCE&G is becoming Dominion Energy.

A new name and a fresh start for energy in South Carolina. Nearly seven and a half million customers and operations in 18 states rely on Dominion Energy to deliver clean natural gas and affordable electricity to their homes and businesses. And now we’re proud to bring that same dependability to your community.

What does this mean for you?

You will see the Dominion Energy logo more and more as we transition over the next several months. Our goal is to continue serving you with the same safe and reliable service while we work to roll out the Dominion Energy brand in South Carolina.

 

 

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