Utilty Scana and its successor company, Dominion Energy, have reached an agreement to pay the US federal Securities and Exchange Commission a $25m civil fine in one of South Carolina’s largest civil fraud cases, according to public court records filed in US District Court.
Under the proposed settlement, neither Scana, a now-defunct company, nor Dominion Energy, its successor company, admit any fault in the multi-billion-dollar business failure of the $9bn project to build two AP1000 nuclear power plants at the summer nuclear station.
However, under the proposal, neither corporation can publicly claim it is innocent of any wrong-doing alleged in the SEC’s 87-page civil complaint, filed last February in US District Court in Columbia.
Under the proposed settlement, neither Scana, a now-defunct company, nor Dominion Energy, its successor company, admit any fault in the multi-billion-dollar business failure of the $9bn project to build two AP1000 nuclear power plants at the summer nuclear station.
However, under the proposal, neither corporation can publicly claim it is innocent of any wrong-doing alleged in the SEC’s 87-page civil complaint, filed last February in US District Court in Columbia.
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