SCANA hires internal investigators

Local News

A troubled South Carolina electric utility is investigating its own board and top executives to see whether they mismanaged a failed nuclear construction project and shortchanged shareholders.
SCANA Corp. says it hired two outside accounting and management executives to investigate mismanagement claims alleged in lawsuits against the Cayce-based owner of South Carolina Electric & Gas.
New SCANA board members Jeb Bachman and Patricia Galloway will decide after finishing their investigation whether to pursue those claims in court against the rest of the board and current or former company executives.
Former CEO Kevin Marsh and former chief operating officer Steve Byrne announced their retirements last fall.
SCE&G and state-owned utility Santee Cooper spent more than $9 billion before last year abandoning construction on a pair of nuclear reactors near Columbia.

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