Dominion Energy has sweetened the deal for acquiring SCE&G / SCANA. Dominion is offering existing SCANA customers a 15% rate cut in order to speed up the merger that is currently in the hands of South Carolina’s Public Service Commission (SCPSC). This is Dominion’s third proposal to acquire SCANA and now promises an average rate cut of over $22 per customer per month. Dominion expects a decision by South Carolina’s PSC on December 21.
If the deal goes through, this will add another 94,000 miles of transmission and distribution lines, 6.5 million regulated customers and a generating capacity of 33 gigawatts to Dominion Energy’s portfolio.