Dominion Energy combines with SCANA Corporation
“Dominion Energy is pleased to add SCANA’s fast-growing, high-performing Southeastern businesses to our 18-state footprint. Together, we are committed to providing safe, dependable, affordable and clean energy to the communities served by SCANA and to maintaining its excellent record of reliability and customer service,” said Thomas F. Farrell, II, chairman, president and chief executive officer at Dominion Energy.
Today’s combination expands Dominion Energy operations in Georgia and the Carolinas, where the company had already operated an electric utility serving 120,000 customer accounts in northeastern North Carolina, a 1,500-mile interstate pipeline principally in South Carolina, and nearly 1,000 megawatts of gas, hydro and solar generating capacity in all three states.
“The addition of SCANA makes geographic sense and aligns well with our core, regulated energy businesses,” Farrell said. “These are well-run regulated operations that we expect will help improve Dominion Energy’s risk profile and growth outlook.”
“Today marks a significant milestone in the history of Dominion Energy and SCANA,” said Jimmy Addison, chief executive officer of SCANA. “Employees at our respective companies have been working hard for months on integration planning, and I am confident that will lead to a smooth transition. These two companies share common values, and this combination provides SCANA’s businesses with the scale and stability to meet customers’ growing energy needs in the years to come. I am particularly proud that despite the intense efforts that went into planning for the integration and attaining approval of the combination of the companies over the past year, employees across our three-state region maintained their focus on providing energy to our customers safely and reliably. We will now hit the ground running with Dominion Energy and embrace change.”