SCE&G lawyers may be charged in nuclear fraud
More utility executives may face prison time, too
Abandoned $9 billion nuclear project cost SCE&G ratepayers $2 billion
Posted
By Jerry Bellune
JerryBellune@yahoo.com
Former SC Electric & Gas executive Steve Byrne may have company.
His plea agreement on fraud charges reveals that other executives and lawyers for SCANA, the owner of SCE&G, are at risk of being charged,.
Federal officials believe a conspiracy of executives and their lawyers hid a $9 billion nuclear failure from state officials, investors and the public for years.
An official federal document filed in US District Court in Columbia revealed:
• Byrne and unidentified “others” orchestrated a cover-up of costly errors at the nuclear construction site.
• They “deceived regulators and customers to maintain financing for the project and to financially benefit SCANA” and themselves.
• “As construction problems mounted, costs rose and schedules slipped,” Byrne and others hid the truth.
For the rest of what the federal documents reveal, see Thursday's Lexington County Chronicle.
Keywords
SCANA,
SCE&G,
lawyers,
nuclear,
fraud,
Steve Byrne,
Kevin Marsh,
Jimmy Addison
