May 6, 2020 / 11:48 AM / 21 days ago

Dominion Energy unit reaches deal to settle SEC case over nuclear project

Dominion Energy Inc on Tuesday said it had agreed to pay a $25 million penalty to resolve claims by U.S. securities regulators that a South Carolina company it merged with misled investors about a failed $9 billion nuclear power plant project.

Dominion in a filing with the U.S. Securities and Exchange Commission disclosed that its SCANA Corp unit reached an agreement in principle with the agency to resolve a lawsuit it filed in February.

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