SCANA +6% as state regulators say they will support Dominion takeover

Dec. 14, 2018 2:37 PM ETSCANA Corporation (SCG)SCG, DBy: Carl Surran, SA News Editor30 Comments
  • SCANA (SCG +6.6%) soars to a 52-week high after a majority of South Carolina regulators indicate they will vote to approve the company's acquisition by Dominion Energy (D +1.4%).
  • At least five of the seven members of the state's Public Service Commission said ahead of this afternoon's vote that they would support the deal to buy the parent company of South Carolina Electric & Gas.
  • The PSC also will decide how much to cut rates for 737K SCE&G customers who already have paid $2B-plus related to the abandoned V.C. Summer nuclear reactor projected.

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