• Twitter
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Income Insights

Dominion Energy: Beyond the Scana Merger

By Roger S. Conrad on Dec. 15, 2018

When Dominion Energy (NYSE: D) announced its takeover offer for Scana Corp (NYSE: SCG) in early January, investors were immediately skeptical. Over the next five months, the utility’s shares dropped by nearly 25 percent.

Scana at the time was back on its heels after cancelling two new nuclear reactors at the Summer site in South Carolina. Politicians and regulators alike called for the company return to ratepayers the billions of dollars in rates collected during construction, prompting warnings from management of protracted litigation and even bankruptcy.

Dominion had presented its offer as a win-win alternative to Armageddon. But the company and its CEO Tom Farrell soon came under fire themselves. And by the end of the month, the state House of Representatives by a 119 to 1 vote passed a bill that would (had it become law) have forced the company to walk away from its bid, as it would have blocked Scana from recovering any Summer costs.

Conrad's Utility Investor

Invest Smarter! Join Conrad’s Utility Investor!

What sets renowned income-investing expert Roger Conrad apart from the pretenders? His more than two decades of covering utility stocks and essential services—a wealth of knowledge and experience that you can’t find anywhere else.   

Smart investing. Taking advantage of real opportunities and not fads (and knowing the difference). Finding the companies and stocks that will deliver for the long haul, so investing lets you live instead of investing turning into your life. Roger Conrad has dedicated his career to these principles—and that’s what Conrad's Utility Investor delivers.

Subscribe today for instant access to a treasure trove of investment insight and knowledge, as well as Roger’s exclusive model Portfolios and ratings of more than 200 essential services.



Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b