Dominion Energy said many of SCANA’s current leadership will remain in place as it unveiled the new executives of its South Carolina operations after finalizing its purchase of the Cayce-based company.
The new operating segment will be called Southeast Energy Group.
SCANA CEO Jimmy Addison will remain to advise Dominion’s Rodney Blevins, who becomes Southeast Energy Group’s President and CEO until Addison retires in February. Blevins is Dominion’s senior vice president and chief information officer. He will work out of the Cayce office and report directly to Dominion President and CEO Thomas Farrell, II.
Keller Kissam, Russell Harris, and Iris Griffin will stay with the company’s Cayce operations and hold positions within the newly-combined company. Kissam recently served as SCE&G President in the year after the company decided to discontinue construction at the V.C. Summer Nuclear Generating Station.
The merger was completed Tuesday.
“Together, we are committed to providing safe, dependable, affordable and clean energy to the communities served by SCANA and to maintaining its excellent record of reliability and customer service,” Farrell said in a statement.
The merger expands Dominion Energy’s operations in the Carolinas, where the company had already operated an electric utility serving 120,000 customer accounts in northeastern North Carolina, a 1,500-mile interstate pipeline principally in South Carolina, and nearly 1,000 megawatts of gas, hydro and solar generating capacity in all three states.
“The addition of SCANA makes geographic sense and aligns well with our core, regulated energy businesses,” Farrell added. “These are well-run regulated operations that we expect will help improve Dominion Energy’s risk profile and growth outlook.”
Under a plan approved by the South Carolina Public Service Commission with the merger, the typical SCE&G residential electric customer will pay about $125 per month, putting into effect bills below the level requested by South Carolina’s lawmakers. The new bill level was made possible by Dominion Energy’s proposal – which was approved by the PSC – to provide customer refunds in the form of monthly bill relief of more than $2 billion, amortized over 20 years, and the write-downs and absorption of about $2.5 billion in financing obligations, regulatory assets and a natural gas-fired power station.