The Georgia Public Service Commission (PSC) has approved the proposed merger between the US energy utility Dominion Energy and the energy holding SCANA Corporation, which was one of the key requirements for the completion of the deal signed in January 2018. The transaction is expected to be completed later in 2018 and was endorsed by the United States Federal Trade Commission (FTC) in February 2018.
The combined company will carry out operations in 18 states from Connecticut to California. It will have an installed power capacity of 31,400 MW and will operate 93,600 miles (150 600 km) of power transmission and distribution lines along with 106,400 miles (171,200 km) of gas pipelines and 1 Tcf (28 bcm) of gas storage capacity. Under the framework of the agreement, SCANA would operate as a wholly-owned affiliate of Dominion Energy. Dominion Energy agrees to write-off US$1.7bn of existing VC Summer 2 and 3 units capital along with regulatory assets, which would decrease customer costs.
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