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SCANA and Dominion Energy Pay $25M in Nuclear Fraud Case

Posted on December 4, 2020 by The National Trial Lawyers

SCANA and its successor company, Dominion Energy, have reached an agreement to pay the federal Securities and Exchange Commission a $25 million civil fine in one of the state’s largest civil fraud cases, according to public court records filed Wednesday in U.S. District Court.

Under the proposed settlement, neither SCANA, a now-defunct company, nor Dominion Energy, its successor company, admit any fault in the multi-billion dollar business failure of one of the state’s largest construction projects ever – the effort to build two nuclear power plants in Fairfield County.

However, under the proposal, neither corporation can publicly claim it is innocent of any wrong-doing alleged in the SEC’s 87-page civil complaint, filed last February in U.S. District Court in Columbia.

Read the source article at thestate.com

Posted in Civil Plaintiff

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