News Release Issued: Oct 5, 2018
Statement From Dominion Energy, SCANA Regarding Stipulation Agreement With Public Staff of North Carolina Utilities Commission
RICHMOND, Va. and CAYCE, S.C., Oct. 5, 2018 /PRNewswire/ -- Dominion Energy (NYSE: D) and SCANA Corporation (NYSE: SCG) on Thursday filed a stipulation agreement with the Public Staff of the North Carolina Utilities Commission (NCUC) and an intervenor in the proposed merger between the two companies. SCANA's assets include PSNC Energy, a natural gas utility based in Gastonia, N.C. Remaining necessary approvals include those of the NCUC and of the South Carolina Public Service Commission.
Said the companies:
"We are pleased to have reached a settlement agreement with the Public Staff of the North Carolina Utilities Commission and an intervenor that ensures rate stability and service reliability for more than 500,000 PSNC Energy customers. This marks significant progress in our proposed merger."
About Dominion Energy
Nearly 6 million customers in 19 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable, and safe energy and is one of the nation's largest producers and transporters of energy with over $78 billion of assets providing electric generation, transmission and distribution, as well as natural gas storage, transmission, distribution, and import/export services. As one of the nation's leading solar operators, the company intends to reduce its carbon intensity 50 percent by 2030. Through its Dominion Energy Charitable Foundation, as well as EnergyShare and other programs, Dominion Energy plans to contribute more than $30 million in 2018 to community causes throughout its footprint and beyond. Please visit www.DominionEnergy.com, Facebook or Twitter to learn more.
SCANA Corporation, headquartered in Cayce, S.C., is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Information about SCANA and its businesses is available on the company's website at www.scana.com.
SOURCE Dominion Energy
For further information: Dominion Energy: Media: Ryan Frazier, (804) 819-2521, C.Ryan.Frazier@dominionenergy.com; Financial analysts: Steven Ridge, (804) 929-6865, Steven.D.Ridge@dominionenergy.com; SCANA: Media: Public Affairs, (800) 562-9308; Financial analysts: Bryant Potter, (803) 217-6916