Troubled utility SCANA has reached a $2 billion settlement with the South Carolina customers who sued after they were charged high rates to pay for the company’s failed nuclear construction project, the Associated Press reported. SCANA announced the agreement on Saturday. As part of the settlement, South Carolina Electric & Gas Co. customers will also receive $115 million that <em>The State</em> newspaper reports had been set aside for soon-to-be-ousted SCANA executives. Before the settlement can be finalized, it must receive the approval of a judge and the S.C. Public Service Commission must also approve Virginia-based Dominion Energy’s proposed buyout of SCANA, SCE&G’s parent company. Santee Cooper and South Carolina Electric & Gas Co. abandoned the V.C. Summer Nuclear Station expansion project near Columbia in 2017 following the bankruptcy of lead contractor Westinghouse.
