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Customer Benefits

A partnership between Dominion Energy and SCANA makes sense because it would benefit all parties, providing certainty and a path forward.

Dominion Energy would provide immediate financial relief for electric customers now paying for the uncompleted new nuclear units. Both a cash payment and lower rates are planned. For communities, it would mean holding on to a community partner that would have more resources to meet new and changing energy needs.  

Another option being proposed is Senate Bill 954. But SB 954, as amended, will only provide temporary rate reductions of approximately $77 million. Plus, it could actually cause a potential loss of $550 million to SCE&G electric residential customers. Click here for our interactive map and see how the estimated cash payments from Dominion Energy compare to the estimated temporary rate reductions proposed in Senate Bill 954.

Customer payments

Each SCE&G electric customer would get a cash payment based on their historical electric usage—worth $1,000 for an average residential customer, with regulatory approval.

Continued Savings

Beyond the one-time cash payment, customers would see a rate reduction of at least 7 percent, equal to more than $10 a month for a typical SCE&G residential customer, pending regulatory approval. Additional customer savings are planned to come from the resolution of the nuclear build issues, meaning all customer costs would decline until they disappear in 20 years rather than the currently scheduled 50-to-60 years.

Compensation Protection

SCANA employees would have compensation protection until 2020. Dominion Energy also would maintain a headquarters for SCE&G in South Carolina, continuing to be an economic driver for the state and region.

Charitable Giving

Investing in our communities is a Dominion Energy core value. Dominion Energy would not only maintain SCANA’s philanthropic efforts, but would increase that charitable giving by an additional $1 million a year for at least five years.