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Frequently Asked Questions

Need more information? Find answers to your most important questions here.

Benefits 

Question: Didn’t SCANA already propose a 3½ percent rate reduction and wouldn’t the benefit of the lower federal corporate income tax be passed along anyway? How is this tied to the proposed merger?

The overall customer benefits being proposed would not have been possible if backed by SCANA alone. They are made possible only by the financial strength of the combined companies.

Dominion Energy is proactively offering that full benefit of the lower federal corporate income tax on a more expedited basis via this merger approval process.

SCANA Customers 

Question: How would this merger impact customers in the short and long term?

This proposed merger includes very significant customer benefits. 

All customers would see a rate reduction, driven from refunds of previous customer collections, as well as pass-through of corporate tax reform benefits.

Dominion Energy would absorb nearly $1.7 billion of existing withdrawn nuclear construction assets and would never collect them from customers. The proposed merger would eliminate this cost from customer bills in 20 years, far sooner than the 50-60 that had been planned. And, Dominion Energy would never collect from customers the cost of acquiring a gas-fired power plant that would help replace power that was expected from the nuclear units. 

Question: Why should customers have to pay for any of the V.C. Summer 2 and 3 units? They are too expensive and will never generate electricity.

We believe this proposal recognizes that all electric stakeholders have been impacted by the V.C. Summer units and should be addressed.

Shareholders also have been affected by the V.C. Summer project. Even including the benefit of today’s merger agreement, they will have lost more than $3 billion in total investment value over the last 18 months. SCANA’s shareholders include tens of thousands of South Carolina residents, many of them being retirees and working families. The merger proposal would allow them to recover some of their loss, but they still would bear a substantial part of the burden.

The agreement would also end the uncertainty about the future impact of the new nuclear units. It removes uncertainty that can weigh down economic development, make it harder for SCE&G to meet the growing and changing needs of customer, and leave in question the future of a strong community partner and good employer. The decision to build the VC Summer nuclear units was made in accordance with state law.


Employees & Local Operations

Question: What would this mean to local employment?

Dominion Energy would treat SCANA employees fairly and with respect. This includes ensuring that they have compensation protection either through employment or other benefits at least until the beginning of 2020.

Question: Would the corporate campus in Cayce be maintained?

The headquarters of SCE&G would remain in South Carolina. In time, we plan to evolve the organization to fit with the structure in place for the rest of Dominion Energy, if regulators approve.

Question: Would you rename the local operations like you have done with other Dominion Energy companies?

We would plan to bring them under the Dominion Energy name at some point after the merger closing.

Customer Rates & Service

Question: What would this mean to rates for SCE&G gas customers?

SCE&G gas customers should expect to see the same commitment to safety and high levels of customer service. The merger will not increase rates.

Question: Would this mean any change in service?

Dominion Energy and SCANA would work to make the transition as seamless as possible for customers. The same people would continue handling service, billing and other functions.

Question: Why not cut rates more?

This agreement balances the interests of all stakeholders: customers, communities, employees and shareholders. All are important.

Other Projects

Question: Are you expanding the Atlantic Coast Pipeline into South Carolina?

Dominion Energy’s focus is on completing the project as proposed. The nature and timing of any future project would depend on market needs that have not yet been specified. No decision has been made about a potential expansion beyond what has been filed with the Federal Energy Regulatory Commission. Any expansion would have to go through a full regulatory review process.

That said, the ACP could be expanded in the future, while continuing to meet the needs already identified in Virginia and North Carolina. We have been clear and consistent to state this from the beginning.

Question: How would the merger impact the natural gas business, which is not being talked about as much?

Dominion Energy would continue to focus on safe and reliable service, just as SCANA is doing now. We expect to promote sharing of best practices, just as we are doing with the merger of what was Questar a couple of years ago.