COLUMBIA, S.C. (AP) — South Carolina's state owned utility paid $9 million in performance bonuses to executives of a private utility for two nuclear reactors that were never finished, according to the public utility and emails turned over to state and federal investigators.
On business: SCANA breaks with tradition by splitting chairman, CEO roles
The changing-of-the-guard at South Carolina's biggest publicly traded business includes two abrupt retirements and several in-house promotions.
SCE&G leader to retire after failed $9B nuclear project
COLUMBIA, S.C. (AP) — The leader of a second South Carolina utility involved in a failed $9 billion project to build two nuclear reactors is stepping aside.
SCANA announced Tuesday that Kevin Marsh is retiring as chairman and CEO of the company and its subsidiary, South Carolina Electric & Gas, at the end of the year. He joins Santee Cooper CEO Lonnie Carter as both men were allowed to leave without being fired.
Two top SCANA Corp. executives, including CEO Kevin Marsh, are leaving the company, three months after it scuttled the disastrous expansion of the V.C. Summer nuclear plant.
Marsh, who also is chairman, and chief operating officer Stephen Byrne are retiring, it was announced Tuesday.
SCE&G leader Marsh to retire after failed $9B nuke project
COLUMBIA, S.C. (AP) — The chief executive at the second South Carolina utility involved in a failed $9 billion project to build two nuclear reactors is stepping down.
SCANA announced Tuesday that Kevin Marsh is retiring as chairman and CEO of the company and its subsidiary, South Carolina Electric & Gas at the end of the year.
Senior Vice President Stephen Byrne is also retiring at the same time.
S.C. congressional delegation loses fight to get nuclear tax credit in government spending bill
WASHINGTON — The budget agreement worked out in Congress has disappointed every member of the South Carolina delegation after a highly desired nuclear power plant tax credit was left out.
SCANA exec: Nuclear plant completion could hinge on extension of federal tax credits
The extension of federal tax credits for new nuclear power projects will play a key role in whether construction of the V.C. Summer nuclear plant is completed following Westinghouse Electric's bankruptcy filing, an executive with SCANA Corp. told stock analysts on Thursday.