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The merger of Dominion Energy (D) and SCANA Corporation (SCG) moved a step closer toward completion with the approval from FERC.
SCANA's (SCG) merger deal with Dominion Energy still awaits green signal from the Nuclear Regulatory Commission and others.
Dominion Energy (D) proposes a 15% rate cut for SCE&G customers to secure the proposed purchase of SCANA (SCG).
Dominion Energy, Inc., commonly referred to as Dominion, is an American energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, Idaho and Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia.
SCANA Energy, based in Atlanta, Georgia, was the second largest marketer of natural gas in Georgia, serving more than 425,000 customers. SCANA Energy also had a regulated unit, SCANA Energy Regulated Division, selected by the Georgia Public Service Commission to serve as the state’s only regulated natural gas provider. [1]
The company was founded in 2003 by Michael C. Linn. [2]In 2006, the company became a public company via an initial public offering that raised over $200 million. [3]In 2007, the company doubled its holdings by acquiring many of the oil and gas assets of Hogshead Spouter and Dominion Energy, mainly in Oklahoma, for $2.05 billion.
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