SCE&G to acquire natural-gas-fired power plant

South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (SCANA), announced that it has entered into an agreement in principle to purchase a 540-megawatt, combined-cycle, natural-gas-fired power plant from Columbia Energy LLC for $180 million.

Located in Gaston, S.C., the Columbia Energy Center plant is a combined heat and power plant. Along with producing electricity, it produces process steam that supports the operation of a neighboring manufacturing facility. The plant is one of the most recently built power facilities in South Carolina. It began operating in 2004 and employs 19 people. Over the life of the plant, SCE&G has been the primary customer for power produced from the plant. SCE&G’s purchase of the plant is subject to negotiation of a definitive purchase agreement and to certain regulatory approvals, including the Federal Energy Regulatory Commission and the Public Service Commission of South Carolina.

SCE&G hopes to finalize the purchase over the next several weeks, and to obtain regulatory approval in 2018.

SCANA Corporation

SCANA Corporation, headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Information about SCANA and its businesses is available on the company’s website at www.scana.com.

SCE&G

SCE&G is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 717,000 customers in South Carolina.  The company also provides natural gas service to approximately 362,000 customers throughout the state.  More information about SCE&G is available at www.sceg.com.