Dominion Energy and SCANA Corporation announced Friday, February 2, that their proposed combination has cleared a key condition needed for completion.
The Federal Trade Commission (FTC) has granted early termination of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act with regard to the combination.
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Expiration or termination of the waiting period is one of the conditions required for completion of the transaction.
The merger is also contingent upon approval of SCANA’s shareholders; review and approval from the public service commissions of South Carolina, North Carolina, and Georgia; and authorization of the Nuclear Regulatory Commission and Federal Energy Regulatory Commission.
Full Content: New York Business Journal
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