- Dominion Energy's (D +0.1%) proposed takeover of Scana (SCG -4%) looks even more in doubt after a bill passed by the South Carolina Senate late yesterday.
- The S.C. Senate voted to cut the money SCG can collect from customers for the half-finished V.C. Summer nuclear power project the company scrapped last year, which may raise questions about SCG’s valuation and credit rating.
- Dominion had threatened to call off the merger if legislators made such a move, and tells Bloomberg that the latest bill “would be a material event that could eliminate” the benefits of an acquisition.