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Dominion’s SCANA Deal Looks More Uncertain ahead of 1Q18 Results

Dominion’s SCANA Deal Looks More Uncertain ahead of 1Q18 Results

Dominion Energy’s (D) ongoing merger with SCANA (SCG) hit another roadblock recently. According to a Bloomberg report dated April 19, 2018, the South Carolina state senate voted to reduce the money SCANA can collect from the ratepayers for a now-abandoned nuclear power project. Dominion Energy had earlier warned it would call off the deal if it’s prevented from recovering nuclear project costs from ratepayers.