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SCANA Corporation. SCANA Corporation was an American regulated electric and natural gas public utility. The company was based in Cayce, South Carolina, a suburb of Columbia, South Carolina. [1] Following the Nukegate scandal, the company's stock fell and the company was in disrepair. [2] In January 2019, SCANA was acquired by Dominion Energy.
The checks stem from a multiyear lawsuit that arose from SCANA’s $10 billion failure to build a nuclear plant, which had been financed by South Carolina Electric and Gas Company customers since ...
The Nukegate scandal was a political and legal scandal that arose from the abandonment of the Virgil C. Summer nuclear expansion project in South Carolina by South Carolina Electric & Gas (SCE&G) and the South Carolina Public Service Authority (known as Santee Cooper) in 2017. It was the largest business failure in the history of South Carolina ...
In March 2017, Westinghouse Electric Company filed for Chapter 11 bankruptcy because of $9 billion of losses from its two U.S. nuclear construction projects. [19] SCANA considered its options for the project, [20] and ultimately decided to abandon the project in July 2017. SCANA had determined that completing just Unit 2 and abandoning Unit 3 ...
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NextEra Energy. NextEra Energy, Inc. is an American energy company with about 58 GW of generating capacity (24 GW of which were from fossil fuel sources [2]), revenues of over $18 billion in 2020, and about 14,900 employees throughout the US and Canada. [3][2] It is the world's largest electric utility holding company by market capitalization ...
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In 1983, he was elected chief financial officer. He then became senior vice president and executive vice president. Elected to the SCANA board in 1991, he became president in 1995 and chief operating officer in 1996. Timmerman has been chairman, president and CEO since March 1997. He retired from the company in November 2011.