Ex-Scana CEO Pleads to Fraud Over Failed Reactor Project (1)

Former Scana Corp. Chief Executive Officer Kevin Marsh pleaded guilty to fraud charges tied to a $10 billion nuclear-power project the South Carolina gas and electric utility abandoned amid soaring costs and construction delays.

Marsh admitted to conspiracy to commit mail and wire fraud in federal court in Columbia, South Carolina, U.S. prosecutors said in a statement. He had already pleaded guilty to other charges in connection with the failed effort to build nuclear reactors in the state.

Under a plea deal with the government, Marsh agreed to cooperate in ongoing investigations relating to the failed V.C. Summer nuclear station ...