SCE & G and SCANA settle their unsuccessful nuclear file

CAYCE, SC (WCBD) – The lawyer reached an agreement on Saturday that could lead to a lawsuit seeking refunds from customers of South Carolina Electric and Gas after the failure of V.C. Nuclear project of summer.

Complainants Richard Lightsey, LeBrian Cleckley and Phillip Cooper reached an agreement with SCANA Corporation and the South Carolina Electric & Gas Company to settle a lawsuit in the state's Court of Common Pleas on behalf of from themselves and from former customers of SCE & G Electric. . The settlement addresses the claims of these clients and the Attorney General's arguments related to the Base Load Review Act ("BLRA"). SCANA and SCE & G deny the allegations made in the trial, but have agreed to resolve this case.

SCANA and SCE & G have agreed on a common provident fund consisting of the following amounts to be distributed to the members of the group:

1. A credit of up to $ 2,000,000,000 for future electricity tariff relief will benefit from the Common Standby Fund for Class Members for a specified period of time in the proceedings before the Public Service Commission of Canada. South Carolina (PSC).
2. A cash payment of $ 115,000,000.00, which will include the total value of the SCANA Rabbins Trust established in January 2018 created in whole or in part for control change payments made by the officers
3. Transfer of real estate owned by SCE & G or proceeds from the sale of real estate, including but not limited to the Ramsey Grove Plantation; Charleston Gas & Light, located at 141 Meeting Street, Charleston; and some Otarre properties in Cayce.

The distribution of settlement funds is subject to court approval, a final PSC order approving a merger between SCANA Corporation and Dominion Energy and the closing of the proposed merger between the parties.

Current and former SCE & G customers will receive information on their rights under the settlement. Eligible Settlement Class Members will receive an allowance in the form of an invoice credit or payment of an amount to be distributed by a court-approved Class Action Administrator. Upon approval of the settlement announced today, the lawsuit will be dismissed by an agreement and the claims of the taxpayers of SCE & G will be resolved.

J. Preston Strom, Jr., a former US lawyer and principal of the certified group, stated the following with respect to the terms of this settlement:

"By entering into this agreement, we were able to secure more than $ 2 billion in assistance and accountability for the people of South Carolina. We thank the Office of the Attorney General for the hard work he has done throughout this case, and in particular for the release of funds earmarked for the payment of executive bonuses. "

The state of South Carolina was represented in this case by Attorney General Alan Wilson. The group's lawyers are J. Preston Strom, Jr .; John R. Alphin, Jessica L. Fickling, Mario A. Pacella; and Bakari T. Sellers, of Strom Law Firm, LLC; Terry Richardson, Edward Westbrook and Daniel S. Haltiwanger of Richardson, Patrick, Westbrook & Brickman, LLC in Barnwell; Dan Speights and A.G. Solomons, III of Speights and Solomons at Hampton; J. Edward Bell of the Bell Legal Group, LLC in Georgetown; James L. Ward, Jr. and Whitney B. Harrison of McGowan, Hood & Felder, LLC; Vincent Sheheen of Savage, Royall and Sheheen, L.LP .; and Gregory Galvin from Galvin Law Group. SCE & G and SCANA are represented by David Balser and Jon Chally of King & Spalding LLP in Atlanta, Georgia; Leah B. Moody of Moody's law firm in Rock Hill, SC; and Jamie Becker and Bob Knowlton of Haynsworth Sinkler Boyd in Columbia, SC.