Dominion Energy Inc. has struck a deal to buy troubled energy company Scana Corp., ushering in the final chapter for Scana’s major South Carolina nuclear project after it became mired in controversy and was abandoned when construction costs skyrocketed. Dominion, a Virginia-based gas-and-power utility, seized on Scana’s struggles to strike the $7.43 billion all-stock deal, which requires a number of state and federal approvals and could face a tough time from South Carolina lawmakers.

Source: Wall Street Journal January 03, 2018 12:24 UTC