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SCE&G completes purchase of 540-MW natural gas plant in South Carolina

South Carolina Electric & Gas Co. announced May 9 that it completed the $180 million acquisition of the 540-MW Columbia Energy Center from a subsidiary of LS Power Group.

SCE&G in November 2017 unveiled its plan to purchase the natural gas-fired plant in Calhoun County, S.C., from LS Power Development LLC to replace 40% of the power that would have come from the abandoned V.C. Summer nuclear project.

SCE&G has said the acquisition will be funded by shareholders, not customers.

Dominion Energy Inc.'s offer to acquire SCE&G parent SCANA Corp. honors this commitment.