Chet Wade, Dominion Energy
August 30, 2018
The Dominion Energy and SCANA merger. What to expect over the next six months?
In late July, the proposed combination of Dominion Energy and SCANA Corporation achieved a significant milestone with the approval of SCANA’s shareholders.
Shareholders voted to approve the January 2, 2018 Merger Agreement with an affirmative vote from at least two-thirds of the outstanding shares of SCANA’s common stock.
The merger previously received approval of the Federal Energy Regulatory Commission, the Georgia Public Service Commission, and early termination by the Federal Trade Commission of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act. The merger remains contingent upon approvals from the Public Service Commissions of South Carolina and North Carolina and authorization of the Nuclear Regulatory Commission, among other conditions.
If the merger is completed, the combined company would deliver energy to approximately 6.5 million regulated customer accounts and have an electric generating portfolio of about 31,400 megawatts and 93,600 miles of electric transmission and distribution lines.
We interviewed Chet Wade, the VP of Corporate Communication of Dominion Energy, about what to expect over the next six months.
