The proposed merger of Dominion Energy, Inc. (D) and SCANA Corporation (SCG) has achieved another significant milestone with the approval of the Federal Energy Regulatory Commission.

In an order issued July 12, FERC found the combination of the two companies "is consistent with the public interest and is authorized". The merger previously received approval of the Georgia Public Service Commission and early termination by the Federal Trade Commission of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act.

The merger is also contingent upon approval of SCANA's shareholders; review and approval from the public service commissions of South Carolina and North Carolina; and authorization of the Nuclear Regulatory Commission.