Author: Associated Press

South Carolina utility reaches $2B settlement over failed nuclear plants

CAYCE, S.C. (WCIV) — Troubled utility SCANA has reached a $2 billion settlement with the South Carolina customers who sued after they were charged high rates to pay for the company’s failed nuclear construction project. SCANA announced the agreement in a news release Saturday. As part of the settlement, South Carolina Electric & Gas Co. customers will also receive $115 million…