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Ben Geman Jan 3
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Dominion Energy is acquiring SCANA

The North Anna Power Station operated by Dominion Energy in Virginia. Photo: Scott Olson / Getty Images

Utility giant Dominion Energy is acquiring South Carolina's SCANA Corp. in an all-stock merger that the companies say is valued at $14.6 billion, including debt, according to their joint announcement this morning.

The gritty details: The deal includes $1.3 billion in payments to customers of SCANA's South Carolina Electric & Gas Company in coming months to offset the costs of the company's costly, now-abandoned project to build two new nuclear reactors.