Dominion's USD 8 billion Scana merger dealt another blow in South Carolina
Dominion has threatened to call off its merger with Scana after South Carolina's senate voted to cut the money Scana can collect for an unfinished nuclear project scrapped by the company last year.
Lynn Doan and Joshua Fineman, Bloomberg
The state Senate voted to cut the money Scana can collect from customers for a half-finished nuclear power project the company scrapped last year. Dominion has threatened to call off the merger with Scana should legislators make such a move, and the company reiterated Wednesday that it stands by previous statements. Scana fell as much as 2.6 percent to USD 36.26 in after-markets trading.
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