Shareholders Approve Sale Of SCANA

posted by Gary Barboza - 

SCANA shareholders have voted to approve the sale of the beleaguered SCE&G parent company to Virginia based Dominion Energy.

The approval puts the deal one step closer to completion.  The final say rests with state regulators and with the SC Public Service Commission which won’t come until later this year.

Some 70% of SCANA stock is owned by institutional investors, so the approval was not unexpected. The vote was approved by 72% of shareholders.

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