COLUMBIA, S.C. — Federal officials say two former executives at a South Carolina utility lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors taking more than a billion dollars out of the pockets of investors and ratepayers.
The Securities and Exchange Commission sued SCANA Corp., its subsidiary South Carolina Electric & Gas along with the utility's former CEO Kevin Marsh and Executive Vice President Stephen Byrne on Thursday.
Dominion Energy of Virginia bought the South Carolina utility last year and was also included in the suit. Criminal charges were not filed.