The conversion resulted in a transaction value of approximately $6.8 billion, in addition to the assumption of approximately $6.6 billionin existing consolidated SCANA net debt. There can be no assurance that the transactions will close. About SCANA Community   |    SCANA Corporation will be a first-tier, wholly owned subsidiary of Dominion Energy. The merger also would increase Dominion Energy’s compounded annual earnings-per-share target growth rate through 2020 to 8 percent or higher. The availability, reliability and cost of energy are often the deciding factors when businesses consider investing – and we want businesses to have every reason to continue investing in SCANA’s communities.”. {q�����*۾��E[�}�l>^�z�e��3���g�7ߜ}�S�鳾ٜ\�Y�wy;vYl�E[5������߶��Lum[low�U�TU�mߛK�uy�}�˳�n����Pv�=�l���]��M_U����qQ�]���SY[���^雍�n��ˮ�w���~E=�N�òO��mQ���f�ow�u����ԋJ���v�*�d�f��j��We�g�����f��uۯ�ӟ�N۾�~�?^�UJ���NYW7�W��F�+u�M9�������H5]֕��6'�^��)��'Z�5��?�ϻ�^_���I�ձO�N���Vz��bZ�a�b�凘~/;���L���яz�=h�UU���m5=Ɠ��Ot����+��� Me�wl��Y���ˣ�?�m�چ�����|\-��ai�ݱi�����e+����� T��s����^�~���������L���_߽�M�T�,�1O�R60��~����+n��6s�q��&�����Z��ڬ�����lX��/��ּ�������������{�/mAM�s 5��7i]eUa�ho��G��w�i��O�zXp��yj�h �ҹ��4�A�W�=�&�H������.%������W��m��?��J���Yw@�oPh�hfŦ��������W�fc����ь��Re�MYM������l�є}�(e�f�Sm�k�o�U��V��7Uc�`�R�pW�;����YR�Y7N+l�l�]��+�V�s��n]9����7ۼ6��u�~�m�k�Yj�º�D��u_����266�[�Z6,FVW�]��•�����������sO �7Ғ�S������7Xrg�E�*����~�{��7z��1��ɷ�W�I� �e��1��~�� &Ĥ��l��eS) �ڎ�l��F7�v����a,�-.crٴYW8��?�ͦ����f�m(ؙ�b˼ؙѭ��¥��9ͫh,K7Mo����H�IJW�Y�����".nf|�*�c��c. We are closely monitoring the global outbreak of coronavirus, and we’re working to safeguard the health of our communities. Outage Center   |    More information is available at www.dominionenergy.com. For SCANA shareholders It delivers electricity and natural gas to nearly 5 million homes and businesses, and its operations include 25,600 megawatts of electric generating capacity, 66,300 miles of natural gas gathering, transmission, distribution and storage pipelines, 64,200 miles of electric transmission and distribution lines, and one of the nation’s largest natural gas storage systems. DOMINION ENERGY CONTACTS: 5 0 obj SCANA CONTACTS: 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. SCANA Corp; Dominion Energy South Carolina, Inc. Public Service Company of North Carolina; The East Ohio Gas Company (DE Ohio) Coronavirus Update. Credit Suisse Securities (USA) LLC acted as the company’s financial adviser for the transaction. There also are potential benefits to natural gas customers in South Carolina, North Carolina and Georgia and to their communities. The typical monthly bill for an SCE&G electric customer using 1,000 kilowatt-hours had risen to more than $147 by the time the reactors' construction was halted. Cash payments proposed to SCE&G electric customers are to be paid via check or equivalent payment mechanism within 90 days after the closing of the merger, subject to approval of the Public Service Commission of South Carolina. The president and chief executive officer will report directly to Farrell. “We believe it is in the best interests of all parties to reach an agreement on this critical issue. News   About Dominion Energy Large Business   |    Having certainty on this issue can act as a catalyst for economic development and it is essential for the Dominion Energy-SCANA merger to move forward. Including assumption of debt, the value of the transaction is approximately $14.6 billion. Summer project. Mayer Brown LLP acted as legal counsel to SCANA. As circumstances … SCANA's last declared dividend of 12.37 cents per share of common stock is being paid today to SCANA shareholders of record at the close of business on Dec. 10, 2018. The combination with SCANA would solidify Dominion Energy’s position among the nation’s largest and fastest-growing energy utility companies by adding significantly to its presence in the expanding Southeast markets. 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. A special website has been established for SCANA customers and communities at brighterenergyfuture.com. Appointing a member of the SCANA board of directors or its executive management team to Dominion Energy's board of directors. The new bill level was made possible by Dominion Energy's proposal – which was approved by the PSC – to provide customer refunds in the form of monthly bill relief of more than $2 billion, amortized over 20 years, and the write-downs and absorption of about $2.5 billion in financing obligations, regulatory assets and a natural gas-fired power station. <> "The addition of SCANA makes geographic sense and aligns well with our core, regulated energy businesses," Farrell added. During the summer of 2018, South Carolina's legislature passed a law that the Public Service Commission of South Carolina (PSC) implemented, temporarily reducing those bills to $125.34 per month. 3.3 million electric utility customer accounts in, 3.3 million natural gas utility customer accounts in. Under the terms of the merger agreement, SCANA common shareholders are to receive 0.6690 shares of Dominion Energy common stock for each share of SCANA common stock held. COVID-19 BUSINESS RESOURCES 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.". It would maintain its significant community presence, local management structure and the headquarters of its SCE&G utility in South Carolina. . Ryan Frazier, (804) 819-2521 or C.Ryan.Frazier@dominionenergy.com Through its Dominion Energy Charitable Foundation, as well as EnergyShare and other programs, Dominion Energy contributed more than $30 million in 2018 to community causes throughout its footprint and beyond. Data is delayed by 15 minutes. Suppliers. SCANA Corporation, headquartered in Cayce, S.C., is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. [CDATA[*/var out = '',el = document.getElementsByTagName('span'),l = ['>','a','/','<',' 103',' 114',' 111',' 46',' 97',' 110',' 105',' 108',' 111',' 114',' 97',' 67',' 110',' 114',' 101',' 104',' 116',' 117',' 111',' 83',' 64',' 97',' 99',' 115','>','\"',' 103',' 114',' 111',' 46',' 97',' 110',' 105',' 108',' 111',' 114',' 97',' 67',' 110',' 114',' 101',' 104',' 116',' 117',' 111',' 83',' 64',' 97',' 99',' 115',':','o','t','l','i','a','m','\"','=','f','e','r','h','a ','<'],i = l.length,j = el.length;while (--i >= 0)out += unescape(l[i].replace(/^\s\s*/, '&#'));while (--j >= 0)if (el[j].getAttribute('data-eeEncEmail_IKhHqqjhBf'))el[j].innerHTML = out;/*]]>*/   |   1750 Jackson Street   |   Suite 100   |   Barnwell, SC 29812 A more than $1.7 billion write-off of existing V.C. McGuireWoods LLP served as legal counsel and Morgan, Lewis & Bockius LLP as tax counsel to Dominion Energy. SCANA continues to experience strong growth in both customer count (more than 2 percent on average annually at SCE&G and PSNC Energy) and weather-normalized energy sales. (JavaScript must be enabled to view this email address)/*

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