The potential for a Dominion Energy-SCANA merger has caused some confusion among South Carolinians who want the best deal out of a bad situation. What is the best deal?
If Dominion Energy joins with SCANA, SCE&G residential electric customers would receive over $627 million in immediate cash payments, which, combined with rate reductions, would create a ripple effect resulting in $18.7 billion in economic benefits for South Carolina.
The map below compares the estimated cash payments from Dominion Energy to the estimated temporary rate reductions. You can hover over your zip code or search for your address to see the difference for your community, with comparable numbers for zip codes and counties.
Without question, the Dominion Energy proposal to reduce rates, eliminate $1.7 billion in debt, and provide immediate cash payments to SCE&G electric customers is the surest solution for SCE&G customers, future economic development and South Carolina.
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