The project to build first-of-their-kind AP1000 reactors was about 64% complete in May when it was put in limbo by key contractor Westinghouse's bankruptcy filing. Templeton, who is challenging Gov. Henry McMaster for this year's GOP nomination, said she company's executives "better not get one penny until we get paid back 100 percent, and they stop taking money for nothing".
Dominion said it would pay SCE&G's customers $1.3 billion, averaging about $1,000 for each residential customer, within 90 days of the deal's closure.
Meanwhile, Dominion says ratepayers will get an additional 5 percent reduction in future rates, or an average of $7 a month.
Guggenheim Securities analyst Shahriar Pourreza, however, expects regulators to approve the deal. "It would lock in significant and immediate savings for SCE&G customers - including what we believe is the largest utility customer cash refund in history - and guarantee a rapidly declining impact from the V.C. Summer project", he said in a statement.
SCANA provides energy in the Carolinas and Georgia.
The companies said South Carolina Electric & Gas Co. residential customers will get a 5% rate reduction, equal to about $7 a month for the typical customer, compared with the 3.5% reduction proposed to appease regulators and frustrated customers a year ago.
Acuity Brands (AYI) Given Media Sentiment Rating of 0.20
The stock of Cree, Inc. (NYSE: AYI ) earned "Sell" rating by TH Capital on Friday, January 27. (NASDAQ:NFLX) on Monday, August 21. Investors should also note that the earnings estimates for AYI have moved downward in the past 60 days for the current year.
SCANA has been reeling since announcing last summer that it was abandoning new reactors at the V.C. Summer Nuclear Station. Refunds will be tallied based on usage and time as a customer, he said, adding that there would be no more rate increases attached to the failed project. "This is a for-profit company thinking it can throw a little cash at SC customers now, hoping they won't notice they're signing on for decades of payouts for a power plant that won't power a single light bulb".
South Carolina's legislative leaders are weighing in on the proposed acquisition of a troubled SC utility by Dominion Energy. Dominion, like SCANA, will continue to work with Santee Cooper on transferring operating licenses, Farrell said.
"SCANA is a natural fit for Dominion Energy", Dominion's chairman, president and CEO, Thomas F. Farrel II, said. Further, Dominion believes the acquisition will be immediately accretive to earnings and enhance its earnings-per-share growth.
Including assumption of debt, the transaction is valued at approximately $14.6 billion.
Dominion Energy officials, expressing optimism Wednesday in their plan to buySCANA, said the deal will help lower power bills for S.C. customers saddled with payments for the failed V.C. Summer nuclear power project in Fairfield County.
Scana, which owns the South Carolina Electric & Gas Co (SCE&G), has been under pressure since it scrapped its VC Summer nuclear project after spending about $9 billion on it. Over seven hundred thousand electric cooperative customers face the prospect of having their power bills skyrocket for decades to pay off Santee Cooper's $4 billion in debt from this.
Any standing water will turn into ice, creating slick road conditions as well as sidewalks, driveways and parking lots. Chicago can expect any water on the ground from today's rain to flash freeze this evening, according to Fenelon.
The bureau also is proposing or has granted more than a dozen other wind-power leases and projects from ME to North Carolina. In a statement, Cooper says drilling could also lead to problems on North Carolina's coast.
Clapton: Life in 12 Bars is out now in the UK. "If you're gonna...see it, be prepared for a heavy ride". One of music's greatest living legends revealed that his job is getting harder and harder on January 11.
Pruitt will receive a $234,000 bonus for helping the Tide win their title. "I think he's done a tremendous job", Smart said. The defensive coordinator of Team B spent one recent season as associate head coach and defensive backs coach of Team A.
The business daily Kommersant reported the attack destroyed seven aircraft and caused a powerful explosion at an ammunition depot. The agreement has helped reduce fighting significantly and contributed to warmer ties between Russian Federation and Turkey.
Zacks Investment Research downgraded Vipshop from a " buy " rating to a "hold" rating in a report on Wednesday, September 20th. Analysts are also projecting an Average Revenue Estimate for Vipshop Holdings Limited as $3.59 Million in the Current Quarter.
Finally, BNP Paribas Arbitrage SA grew its holdings in Weight Watchers International by 123.1% during the 2nd quarter. The stock exchanged hands with 267,480 numbers of shares compared to its average daily volume of 1.33M shares.
Under the Congressional Review Act, the FCC decision can be overturned by a simple majority vote in both houses of Congress. Pai has been targeted by death threats on social media after his agency approved to strip Obama-era net neutrality rules.
Man was a psychology major that had been enrolled for the Fall 2017 semester but had not yet registered for Spring classes. As of now, authorities were looking into Man's activities and acquaintances to find out what led to her untimely death.
With that disclaimer out of the way, Amazon has a vested interest in increasing the ranks of Prime subscribers. You can see Amazon Prime's full lineup below, as rounded up and compiled by GameSpot sister site CNET .
Puerto Rico , though roughly the size of CT , has a population of roughly the size of Kansas. "It's really important in Puerto Rico ", she explained.
Liverpool poised to sign Dani Ceballos
Don Balon says Juve made contact with Real this week and are willing to table a huge offer to convince the Spanish giants to sell. Spanish publication Marca also ran some Salah quotes on Thursday night regarding Real Madrid's reported interest in him.
Butler, Wiggins lead Wolves over Thunder
Andre Roberson has missed five games for Oklahoma City because of left patellar tendinitis and isn't expected back Wednesday. Minnesota had won seven of eight games before a disappointing East Coast road trip featured losses at Brooklyn and Boston.
American Red Cross asks for blood donations nationwide
The American Red Cross blames the current blood shortage on winter weather conditions and looks for blood and platelet donors. More than 150 blood drives were canceled on the east coast during the last storm alone, the American Red Cross said.