Dominion’s SCANA to Pay $25 Million SEC Fine in Nuke Plant Suit

SCANA Corp. will hand over $25 million to the SEC after a federal judge in South Carolina approved a settlement resolving allegations it misled investors about a nuclear project that was never built.

The utility company allegedly touted expansion plans at a Jenkinsville nuclear station despite knowing the project was delayed and unlikely to be completed. SCANA and Dominion Energy South Carolina Inc. both agreed to permanent injunctions prohibiting federal securities law violations as part of the settlement, the U.S. District Court for the District of South Carolina said.

Neither SCANA—itself a Dominion Energy Inc. subsidiary—nor DESC admitted wrongdoing, Judge ...