Day 11 of the PSC hearing delivered some important testimony from Dominion Energy witnesses. The day started with a panel of Dominion witnesses: James Chapman (Dominion’s CFO), Prabir Purohit (Dominion’s Director of Mergers and Acquisitions) and James Warren (Dominion’s out-of-house attorney). Mr. Chapman told that Dominion is a $79 billion…

Day 10 of the PSC hearing was devoted entirely to the testimony of George Wenick, SCE&G’s outside attorney who advised SCE&G and Santee Cooper on the nuclear project. It was Mr. Wenick’s law firm that hired the Bechtel Corporation in 2015 for an independent analysis of the nuclear project. In…

(For coverage of Day 8, click here) Day 9 of the PSC hearing started with Ronald Binz, a public utility and energy policy witness for the Southern Environmental Law Center (SELC). Much of his testimony addressed the use of securitization as a tool to cut costs for ratepayers when it…

SCANA CEO Jimmy Addison continued as the first witness. In response to a question he said that he has not and doesn’t intend to read the Bechtel Report, the independent assessment of the nuclear project started in 2015 and ending in 2016 at a cost of $1 million to SCE&G.…

SCE&G presented its first witness today.  Jimmy Addison, who was the CFO of SCE&G over the past several years before becoming CEO in 2018, took his seat at the witness table and spent the day answering questions. Bob Guild, attorney for the Sierra Club and Friends of the Earth, started…

Mr. Kollen continued as ORS witness today. Mr. Knapp started the morning questioning Mr. Kollen about the Toshiba guarantee funds (about $1.1 billion penalty for Westinghouse walking away from the nuclear project). Dominion, if it acquires SCE&G, has proposed giving an immediate cash refund to customers by using the Toshiba…

In contrast to the first 3 days of these hearings in which only several witnesses testified, today 5 ORS witnesses were heard. Here is a quick summary with some highlights. A utility ratemaking consultant to ORS, Richard Bauding, testified as to why he was recommending that SCE&G should only be…

A SCE&G lawyer continued his efforts to discredit the ORS nuclear engineering consultant, Gary Jones. The focus of the attacks was trying to show that Mr. Jones knew there were problems with the nuclear construction project in 2014/15. Yet he did not pursue asking for a report that he had…