Daily Digest

Dominion Energy to buy South Carolina’s SCANA after nuclear project failure

NUCLEAR: South Carolina’s SCANA tentatively agreed to a $14.6 billion sale to Virginia-based Dominion Energy on Wednesday in the aftermath of the failed Summer nuclear project. The sale hinges on keeping customer payments for the unfinished reactors. (Post and Courier)

ALSO: Hedge-fund investors will turn a $171 million profit from South Carolina’s nuclear settlement, but they might also be on the hook for unpaid bills to the project’s contractors. (Post and Courier)

ELECTRIC VEHICLES: North Carolina electric cooperatives are trying to lure plug-in electric vehicle drivers to rural, scenic areas with new charging stations aimed at tourists. (Southeast Energy News)

UTILITIES:
• Several South Carolina state lawmakers are calling on utility commissioners to resign after they collectively failed to disclose almost $140,000 in flights and other perks paid by utility associations and other groups. (Post and Courier)
• Following the GOP tax overhaul, the Kentucky Public Service Commission ordered for-profit utilities to track their savings under lower corporate tax rates to ensure they are passed on to customers in the form of lower rates. (Utility Dive)
• The Tennessee Valley Authority is asking utility customers to conserve power amid record-breaking energy use related to cold weather. (Knoxville News Sentinel)
• 
Florida Power & Light has partnered with Audubon Florida and its Solar Sanctuary program to create wildlife habitat at power plants. (TC Palm)

RENEWABLE ENERGY:
A company that makes wood pellets and sells them to power plants overseas plans to buy a wood pellet plant in South Carolina and build a port in Mississippi. (Post and Courier)
Some public officials in North Carolina are raising concerns over the costs of solar and wind energy, with one state senator saying, “Solar and wind in North Carolina is out of control.” (WNCT 9)

SOLAR:
Dominion Energy has completed construction of the largest solar energy facility in South Carolina. (Solar Industry)
A newly constructed solar energy facility in Alabama is now operating, with most of its energy serving Walmart in order to help the retailer meet its renewable energy goals. (Alabama News Center)

NATURAL GAS:
• FERC granted certificate approval to West Virginia’s Mountaineer XPress project, which is expected to boost production in the Marcellus shale, and for the Gulf XPress project, adding seven new compressor stations in Kentucky, Tennessee and Mississippi. (Platts)
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Oil and natural gas associations in West Virginia plan to continue efforts to pass a law to gather landowners into large tracts for horizontal drilling. (Natural Gas Intel)

OIL: Oil prices are trading at two-year highs, which could boost the industry in Louisiana after three years of weathering a major downturn. (Greater Baton Rouge Business Report)

COMMENTARY:
The Trump administration’s efforts to weaken offshore drilling regulations would jeopardize the marine environments and tourism-and-real-estate-based economies of the Atlantic and Gulf coasts. (Herald-Tribune)
One columnist praises the TVA’s decision last month not to buy wind energy even though the move “didn’t please the green-energy-or-bust crowd, while another columnist disagrees with the TVA’s move, suggesting the decision was a political one. (Times Free Press)
An editorial agrees with several South Carolina lawmakers who are calling on state commissioners to resign after becoming “too cozy” with utility companies and industry groups. (Post and Courier)

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