Dominion Energy South Carolina Inc - Company Profile
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Business Description
Dominion Energy South Carolina Inc (DESC) is a public utility company engaged in the generation, transmission, and distribution of electricity and natural gas. It serves approximately 0.8 million electricity customers and 0.5 million natural gas customers in central, southern, and southwestern South Carolina. DESC is involved in the generation, transmission, and distribution of electricity and natural gas. The company owns a coal-fired electric generating station through GENCO, which sells electricity exclusively to DESC under a FERC-approved power purchase agreement. DESC's natural gas system includes approximately 20,000 miles of distribution mains and 400 miles of transmission pipeline, supported by two LNG facilities near Charleston and Salley, South Carolina. The company is subject to regulation by the South Carolina Commission, which oversees rates and other aspects of its natural gas distribution service. DESC's base rates can be adjusted annually under the Natural Gas Rate Stabilization Act, and it utilizes a weather normalization adjustment to mitigate the effects of unusual weather. The company also has a purchased gas adjustment mechanism for recovering gas costs and is authorized to recover gas DSM program costs and shared savings incentives. DESC owns 454 substations and has approximately 3,800 miles and 19,400 miles of electric transmission and distribution lines, respectively.
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