By Patrick Thomas

The Public Service Commission of South Carolina blessed Dominion Energy Inc.'s (D) merger with South Carolina's largest power company, Scana Corp. (SCG), Dominion said Friday.

The Richmond, Va.-based energy company said the conditions of the deal will be released as part of a written order on Dec. 21.

S.C. utility regulators also approved a $22-a-month rate cut for customers, consistent with the companies' proposal, Dominion said.

"Dominion Energy is encouraged by the commission's vote and awaits an order to review prior to making a final decision to close the merger with Scana," Dominion Chief Executive Thomas Farrell said in a statement.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

December 14, 2018 17:54 ET (22:54 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Scana (NYSE:SCG)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse Scana
Scana (NYSE:SCG)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse Scana