At a South Carolina Public Service Commission hearing on Friday, SCANA CEO Jim Addison testified that its subsidiary South Carolina Electric and Gas (SCE&G) is still doing well enough more than a year after it abandoned its nuclear expansion at the VC Summer plant.
“We’ve worked very hard to maintain our reliability, safety, customer service standards. Our performance is in most cases in the top quartile of our industry as measured by our industry peer group,” Addison told commissioners.
The Public Service Commission is taking testimony for several weeks as it determines whether SCE&G spent prudently on the project and how much, if anything, its customers should pay to pay off more than $4 billion in debt.
The hearings will also decide whether Virginia-based Dominion Energy can finalize its proposed buyout of SCANA.
“We have made decisions around financial constraints in areas that we tried our best not impact those areas. We have sustained that for a period of time and we’re very proud of that,” said Addison.
Addison, who served as chief financial officer during VC Summer’s construction, denied submitted testimony from a former accountant who claims he and other executives pressured her to mislead the commission about problems at the plant.