Duke Energy officials briefed the South Carolina Public Service Commission Thursday on what customers there will gain from Duke’s acquisition of Piedmont Natural Gas.
The South Carolina commission does not need to approve the $4.9 billion deal, which is awaiting a go-ahead from North Carolina’s utilities commission. The deal is expected to close two days after that approval.
South Carolina customers will see fewer benefits than those in North Carolina, where Duke and Piedmont have many more customers.
The companies have committed to $3.5 million in charitable giving in South Carolina over three years and a $1.6 million contribution to workforce development and low-income energy aid.
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Duke guarantees South Carolina customers $6.7 million of an additional $35 million in fuel savings it promised by the end of 2017. Piedmont customers will also get an expected $10 million in bill credits, of which customers in South Carolina will get 11 percent.