Dominion Energy combines with SCANA Corporation

By Andrew Woods
Dominion Energy, Inc. and SCANA Corporation have announced the completion of their proposed merger.

Dominion Energy, Inc. and SCANA Corporation have announced the completion of their proposed merger.

The merger between the two companies expands Dominion Energy's operations in Georgia and the Carolinas, where the company already operates 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.

See also:

Government of India endorses Climate Group’s EV100 initiative

UN Secretary General visits India: climate change a key concern

Read the latest issue of Energy Digital magazine

Thomas F. Farrell, II, 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.”

“The addition of SCANA makes geographic sense and aligns well with our core, regulated energy businesses. 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.”

 

Share

Featured Articles

Shell invests in Qatar LNG North Field East project

Shell buys 25% stake in Qatar LNG North Field East expansion project which will have capacity of 32mn tonnes a year

Gas-led recession a 'near certainty' in Europe

Centre for Economics and Business Research estimates the risk of a recession in Europe this winter at approximately 40%

ABB scoops global energy automation technology award

ABB excels in innovating subsea systems and electrification services and providing underwater control solutions according to Frost & Sullivan

INEOS Köln awarded €770,000 for green hydrogen study

Renewable Energy

UK receives £2.7bn upfront funding to boost grid capacity

Utilities

Poland and Germany best placed for gas-to-coal switch

Oil & Gas