Federal Energy Regulatory Commission gives Dominion OK to buy Cayce-based SCANA Corp.

The Federal Energy Regulatory Commission has approved Dominion Energy’s proposed $14.6 billion acquisition of the Cayce-based SCANA Corp.

The proposed deal is “consistent with the public interest,” a FERC report said last week.

According to a press release, Dominion’s leaders welcomed news of the the approval.

“We are pleased by the FERC’s considered and timely action,” said Dominion CEO Tom Farrell. “It brings us closer to providing a brighter energy future for customers, communities and others served by the SCANA companies. We will continue working toward achieving the other required regulatory approvals and completing our transaction by the end of this year.”

The proposal from Dominion also requires the approval of SCANA shareholders as well as the public service commissions of South Carolina and North Carolina and the authorization of the Nuclear Regulatory Commission. SCANA shareholders are scheduled to vote on the proposal on July 31, during a special meeting.

Leave a Reply

Your email address will not be published. Required fields are marked *

Share