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Violation Tracker Individual Record

Company: SCANA Corp.
Current Parent CompanyDominion Energy
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Penalty: $137,500,000
Year: 2020
Date: December 3, 2020
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: SCANA Corp. and its subsidiary South Carolina Electric & Gas Co. agreed to settle an SEC lawsuit charging them with defrauding investors by making false and misleading statements about a nuclear power plant expansion that was ultimately abandoned. The settlement would require SCANA to pay a $25 million civil penalty, and SCANA and SCE&G to pay $112.5 million in disgorgement plus prejudgment interest.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Virginia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: utilities
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.