Start of Regulatory Hearings Gives Us Confidence in Scana-Dominion Merger Approval
We are reaffirming our $56 fair value estimate for Scana and our $84 fair value estimate for Dominion Energy after the first week of South Carolina regulatory hearings that will determine the fate of Dominion's proposed acquisition. We are reaffirming our moat and moat trend ratings for both companies. We consider Scana a favorable risk-reward opportunity, with the stock trading at a 17% discount to the implied acquisition value and 27% discount to fair value as of Nov. 7.Testimony during the f...
Dominion Energy is a holding company. Through its subsidiaries , the company is engaged in producing and transporting energy. The company's operations are conducted through its subsidiaries: Virginia Electric and Power Company, which is a regulated public utility that generates, transmits and distributes electricity for sale in Virginia and North Carolina; and Dominion Energy Gas Holdings, LLC, which serves as the intermediate parent company for the company's Federal Energy Regulatory Commission-regulated interstate natural gas transmission pipeline and underground storage systems in the eastern and Rocky Mountain regions, as well as for the liquefied natural gas import/export and storage facility.
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