SCE&G leader to retire after failed $9B nuclear project [FOX Business Network]
SCANA (SCG)
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Source: FOX Business Network
COLUMBIA, S.C. – The leader of a second South Carolina utility involved in a failed $9 billion project to build two nuclear reactors is stepping aside. Continue Reading Below SCANA announced Tuesday that Kevin Marsh is retiring as chairman and CEO of the company and its subsidiary, South Carolina Electric & Gas, at the end of the year. He joins Santee Cooper CEO Lonnie Carter as both men were allowed to leave without being fired. Lawmakers and others had been putting pressure on both companies to make leadership changes since SCANA and state-owned utility Santee Cooper announced they were abandoning construction of the reactors July 31. SCANA Chief Financial Officer Jimmy Addison will become the utility's new CEO on Jan. 1. The utility's Senior Vice President Stephen Byrne also is retiring at the same time. In SCANA's news release announcing its moves, Marsh mentioned only that it has been an honor to work for the utility since 1984 and its CEO for t
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