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Dominion Energy registers $5.08B worth of shares for SCANA merger


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Dominion Energy registers $5.08B worth of shares for SCANA merger

Dominion Energy Inc. registered about $5.08 billion worth of its common shares in connection with its pending merger deal with SCANA Corp.

The registration statement covers the issuance of 95,611,418 Dominion Energy common shares, based on 142,916,917 SCANA common shares immediately prior to the merger, according to a Form S-4 filed Feb. 14.

The $7.9 billion stock-for-stock transaction will see SCANA shareholders receive 0.6690 share of Dominion Energy's common stock for each share of SCANA.

The companies expects to close the deal this year. The combination still awaits approval of SCANA shareholders, review and approval from the public service commissions of South Carolina, North Carolina and Georgia; and authorization of the U.S. Nuclear Regulatory Commission and Federal Energy Regulatory Commission.