SCANA Corp. sees top-level shake-up after failed nuclear plant project

A second South Carolina utility executive has resigned in the wake up of both companies abandoning work at the V.C. Summer nuclear plant in that state this summer.

SCANA Corp., parent company of South Carolina Electric & Gas, announced the CEO and Chairman Kevin Marsh is retiring. Also stepping down is Stephen Byrne, senior vice president of SCANA and COO of SCE&G.

Marsh’s retirement follows that of Santee Cooper CEO Lonnie Carter in September. Santee Cooper and SCE&G were partners on a project to build two new reactors at the Summer plant, but it was abandoned in August.

“It has been an honor to serve as chairman and chief executive officer of SCANA for the past six years, and to have worked for the company since 1984,” Marsh said in a statement. “The ranks of SCANA and its subsidiaries are filled with dedicated employees and they will be in good hands under the leadership of Maybank Hagood as Chairman and Jimmy Addison as CEO.”

In other shake-ups, lead independent director Maybank Hagood will become non-executive chairman of the board of directors. Jimmy Addison will become CEO, Keller Kissam will become president and chief operating officer of SCE&G, and Iris Griffin will become chief financial officer.

SCANA, headquartered in Cayce, South Carolina, is an energy-based holding company principally engaged, through its units, in electric and natural gas utility operations and other energy-related businesses.

SCE&G is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to about 718,000 customers in South Carolina.

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