COLUMBIA, S.C. (AP) — The utility executive who spent billions of dollars on two South Carolina nuclear plants that never generated a single watt of power will plead guilty in two courts Wednesday.
Former SCANA Corp. CEO Kevin Marsh agreed to plead guilty in federal court in Columbia to conspiracy to commit wire and mail fraud. He then went to Spartanburg in the afternoon to plead guilty to a state charge.
A plea deal presented Wednesday says that Marsh will spend two years behind bars and pay $5 million in forfeiture. A judge will hand down the final sentence after the investigation concludes.
NOW: We’re outside the federal courthouse in Columbia where former SCANA Corp. CEO Kevin Marsh is pleading guilty to conspiracy to commit wire and mail fraud. These are charges stemming from the VC Summer Nuclear debacle. We’ve been told his bond hearing is wrapping up. @WSPA7 pic.twitter.com/9Oh29RdHgZ— Jason Raven (@JasonRaven_) February 24, 2021