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...On Wednesday, Dominion Energy announced it would acquire struggling South Carolina utility Scana Corporation in an all-stock deal valued at $14.6bn including debt....
...Scana, the company that led the development, proposed to build a new gas-fired plant and add solar capacity to replace the generation from the abandoned reactors....
...Investors signalled their support for the decision by lifting shares in Scana Corporation by 5 per cent on Monday in New York....
...The decision by utilities Santee Cooper and Scana Corporation dealt another blow to Westinghouse, the US nuclear subsidiary of Japan’s Toshiba, five months after it filed for Chapter 11 bankruptcy protection...
...Westinghouse and the two projects’ owners, which include the US utilities Southern Company and Scana, are expected to enter tough negotiations about who should bear the costs of finishing the plants....
...This year federal regulators have approved plans by Scana Corporation, the utility, for two reactors....
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