South Carolina customers to get $1,000 cash each in Scana deal

CNBC | on Wed, Jan 3, 8:13 AM

A $7.9 billion deal between utility companies Dominion Energy[1] and Scana[2] includes an unusual term loosely related to the tax bill that passed Congress at the end of 2017. All residential customers of Scana's South Carolina Electric & Gas utility will get an average cash payment of $1,000 within 90 days of the deal being completed, the companies said in a statement. Payments will vary depending on how much electricity a client used in the 12 months prior to the deal's completion. Dominion...

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