South Carolina could see more than $18.7 billion in increased economic output from the proposed merger of Dominion Energy Inc. with South Carolina Electric & Gas (SCE&G) and its corporate parent, SCANA Corp., according to a new study done by one of the state’s leading economists.
The benefits come from Dominion Energy’s plan to provide direct cash payments and lower electric rates to SCE&G electric customers as well as the additional benefits created as the cash payments and customer savings work their way into the South Carolina economy, the study said.
