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ORS Statement on PSC's Decision on Imprudency Finding

PSC audience
Mon, 01/14/2019

MEDIA ADVISORY: January 19, 2018

The following quote is attributable to executive director Nanette Edwards:

“The Office of Regulatory Staff is pleased the S.C. Public Service Commission today reversed its previous decision by declaring and finding that SCANA executives acted imprudently from March 12, 2015 forward by deliberately misleading the PSC, ORS the public and investors about the true financial condition of the project.

As stated in the ORS’ original petition, we believe it is of vital importance that a legal finding of imprudence on the part of the utility be issued not just to satisfy the law but to send a message to all utilities regulated by the PSC that statutory compliance, transparency and accountability are requirements that cannot be violated without penalty.

The ORS wishes to publicly thank the other intervenors who supported the agency’s positions.”

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