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Former SCANA CEO Kevin Marsh gets October sentencing date for VC Summer role via The State

By John Monk

An Oct. 7 date has been set for the sentencing of Kevin Marsh, the former CEO of SCANA who pleaded guilty earlier this year to federal conspiracy fraud charges involving a cover-up of financial troubles connected to the failure of the company’s $10 billion V.C. Summer nuclear project.

Marsh, 65, who pleaded guilty in February, has agreed to a two-year prison sentence for his role, according to federal court records.

Marsh was eligible to receive a maximum five-year sentence for his crimes, but he caught a break after he agreed to cooperate in other ongoing investigations and prosecutions in the SCANA case, according to court records. Marsh had worked his way from a position in SCANA’s accounting department to CEO.

[…]

Marsh would be the first person to receive a prison sentence in the failure of the company’s nuclear project. Another former SCANA executive, Stephen Byrne, also has pleaded guilty to similar conspiracy charges.

Marsh is one of four senior executives — two from SCANA and two from Westinghouse Electric Corp. — charged in the four-year federal investigation into the July 2017 abandonment of the nuclear project by SCANA and its junior state-owned project partner, Santee Cooper.

From 2008 to July 2017, Westinghouse was the major contractor for SCANA’s nuclear project, overseeing construction at the utility’s VC Summer site in Fairfield County, north of Columbia.

At Marsh’s guilty plea in February, assistant U.S. Attorney Jim May told Lewis that Marsh’s crime was “a violation of public trust” — not an effort to illegally make millions for himself.

What Marsh did was hide the true state of the project as costs were spiraling out of control and finishing dates were being unduly delayed from the public, investors and regulators, May said at the hearing.

The highly publicized project had a worthy goal, May said.

[…]

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