{"id":211,"date":"2026-05-21T17:36:40","date_gmt":"2026-05-21T17:36:40","guid":{"rendered":"https:\/\/usmovingexpertss.com\/?p=211"},"modified":"2026-05-21T17:36:40","modified_gmt":"2026-05-21T17:36:40","slug":"what-does-planned-dominion-merger-mean-for-its-sc-customers-we-asked-the-experts-2","status":"publish","type":"post","link":"https:\/\/usmovingexpertss.com\/?p=211","title":{"rendered":"What does planned Dominion merger mean for its SC customers? We asked the experts"},"content":{"rendered":"<article><!-- --><!-- --><!-- WPS-5038 -- removed the script from WPS and added the placeholder for trinity player --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- CONTENT --><!--[--><!--[--><\/p>\n<p>South Carolina Dominion customers are suddenly confronting a new question: What happens to their power bills \u2013 and their influence \u2013 if the utility keeping their lights on becomes part of one of the largest energy companies in the country?<\/p>\n<p>Read more <a href=\"https:\/\/usmovingexpertss.com\/?p=210\">What does planned Dominion merger mean for its SC customers? We asked the experts<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The State spoke with experts and industry analysts to determine what a proposed merger, announced Monday, between Dominion Energy and NextEra means.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<h2>Will my electric bill go up?<\/h2>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>In the near term, it\u2019s not clear anything is going to change for Dominion\u2019s South Carolina customers. The merger will still need approval from the S.C. Public Service Commission, as well as the Federal Energy Regulatory Commission, the Nuclear Regulatory Commission and state-level regulators in North Carolina and Virginia.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>\u201cThe standard regulators are supposed to uphold is that it should not harm customers,\u201d said Conor Harrison, a professor at the University of South Carolina who studies energy and utility policy. \u201cAnd it doesn\u2019t necessarily have to benefit customers, but it shouldn\u2019t harm them.\u201d<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>A spokesman for the S.C. Office of Regulatory Staff told The State newspaper that the Public Service Commission has been told Dominion Energy S.C. will continue to operate in the state under its current name as \u201can indirect wholly-owned subsidiary of NextEra.\u201d The commission expects by July 15 to receive a joint application \u201cdetailing the business transaction along with the customer benefits that it states will result from the business transaction.\u201d<\/p>\n<p><!--]--><!--[--><\/p>\n<h2>Could the merger change Dominion\u2019s push for a rate hike?<\/h2>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The news about a possible merger broke as S.C. regulators are considering a proposed rate hike requested by Dominion. The company initially wanted a 13% increase in what its S.C. customers would pay, but later lowered the request to 7.6% after reaching a settlement with various stakeholders. That request, still pending before the Public Service Commission, would go into effect in July.<\/p>\n<p><!-- --><!--]--><!--[--><!-- --><!--]--><!--[--><\/p>\n<p>The timing seems suspicious to Scott Elliott, an attorney for the S.C. Energy Users Committee, which represents larger industrial power users in the state.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>\u201cEither Dominion would not have brought a rate increase that large if they were not already in talks with NextEra, and was looking to fatten itself up and make its balance sheet look better for a potential sale, or NextEra said, \u2018We\u2019ll buy you, but you have to get this huge rate increase so we don\u2019t have to,\u2019\u201d Elliott said.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>John Brooker with Conservation Voters of South Carolina, an advocacy group focused on environmental policy, says a larger corporate merger could even undermine Dominion\u2019s claims that it needs a rate increase in South Carolina to make itself more attractive to investors.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>\u201cThey\u2019ve said, \u2018We need better financing ability\u2019 &#8230;. and we gave them that and now it seems like that problem doesn\u2019t exist anymore,\u201d Brooker said. \u201cIt feels like fattening up the hogs for slaughter.\u201d<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<h2>Will South Carolina customers get less attention inside a bigger company?<\/h2>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>For a long time, local customers were used to dealing with SCANA, a South Carolina-based company headquartered in Cayce. That changed when the parent company behind South Carolina Electric and Gas was acquired by Virginia-based Dominion Energy after SCANA was sold following the 2017 failure of the V.C. Summer nuclear plant.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>Now that Dominion could become part of an even larger company combined with NextEra, South Carolina would be one, relatively small, component of a $249 billion company serving 10 million customers across four states.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>\u201cWe were sort of an outpost of Dominion, and we would still be kind of an outpost for NextEra,\u201d Elliott said. \u201cI don\u2019t know if I see the leadership in Florida being more charitable [to South Carolina] than the leadership in Richmond.\u201d<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>A merger between Dominion and NextEra would include $2 billion in bill credits for Dominion customers over the two years after a sale closes, the company said. Brooker with Conservation Voters of South Carolina said he\u2019s still looking at what that might mean for S.C. Dominion customers.<\/p>\n<p>Read more <a href=\"https:\/\/usmovingexpertss.com\/?p=208\">\u2018Buy American\u2019 provisions are gaining attention. SC bill could make it state law<\/a><\/p>\n<p><!--]--><!--[--><\/p>\n<p>\u201cDominion offered thousand dollar checks\u201d when it first bought out SCANA, Brooker said. \u201cAnd it didn\u2019t show up in that manner.\u201d<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<h2>Will data centers and growth elsewhere affect South Carolina customers?<\/h2>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The proposed $67 billion merger announced Monday would combine the company keeping the lights on in parts of South Carolina, North Carolina and Virginia with the utility giant behind Florida Power and Light, the country\u2019s largest electric utility.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Harrison, the USC professor, feels there are potential stumbling blocks before the planned merger goes through. State regulators might want to place conditions on any new data centers in the Palmetto State \u2014 the technological complexes that run major projects like artificial intelligence applications, while placing a similarly major demand on the available power production.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>\u201cSomething the PSC could try to push on is, there\u2019s probably a need to be careful about cross-subsidization between states, so that costs in Virginia don\u2019t get passed on to South Carolina customers,\u201d he said.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>This isn\u2019t the first time NextEra has sought to break into the South Carolina market. The company expressed interest in acquiring Santee Cooper when lawmakers considered selling the state-owned utility after V.C. Summer. But Dominion\u2019s entire portfolio may be even more attractive to the Florida company.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>\u201cI think in their eyes the real prize is the Virginia subsidiary\u201d of Dominion, Harrison said. \u201cNorthern Virginia is the data center capital of the world.\u201d<\/p>\n<p><!--]--><!--[--><\/p>\n<h2>Could South Carolina jobs or customer service change?<\/h2>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Harrison also thinks the combination of two large utilities could create redundancies in some functions now performed by Dominion\u2019s S.C. employees. \u201cWhat does that mean in terms of backroom functions and jobs, with customer service across multiple utilities?\u201d Harrison asked.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Elliott, the attorney, said he\u2019d been told NextEra was likely to keep in place Dominion\u2019s current South Carolina executives, who have existing relationships with the state\u2019s leadership. He noted Dominion had originally brought in people from its Richmond office to take over the former SCANA in 2019, and \u201cthat did not work out well,\u201d Elliott said.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>If South Carolina isn\u2019t the main prize, Harrison worries how much attention Palmetto State customers might receive inside a larger company.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>\u201cI\u2019ve heard Dominion executives say they not just have to compete in external capital markets, they have to compete against other Dominion subsidiaries,\u201d the USC professor said. \u201cThat doesn\u2019t mean we will be ignored or underinvested in, but the amount of focus that will be paid to the smaller market may get lost.\u201d<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>NextEra has historically been more invested in renewable energy options, and Brooker is interested to see how that might play out in South Carolina.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>\u201cThey have been more open-minded on clean energy, renewables and storage,\u201d he said. \u201cI\u2019m curious if they plan to move forward with cheaper, cleaner options than Dominion has as of late.\u201d<\/p>\n<p><!--]--><!--[--><\/p>\n<p><i>This story was reported in collaboration with SC Investigates, a nonprofit newsroom that partners with local journalists to produce accountability reporting in South Carolina.<\/i><\/p>\n<p>Read more <a href=\"https:\/\/usmovingexpertss.com\/?p=206\">High-ranking sheriff\u2019s deputy had informant buy meth for him to use, SC cops say<\/a><\/p>\n<p><!-- --><!--]--><!--]--><!-- --><!-- --><!-- --><!-- --><\/article>\n","protected":false},"excerpt":{"rendered":"<p>The proposed $67B Dominion\u2011NextEra merger raises questions for South Carolina customers about bills, regulators, job impacts and renewable energy plans.<\/p>\n","protected":false},"author":1,"featured_media":209,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-south-carolina"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What does planned Dominion merger mean for its SC customers? 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