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.
South Carolina Attorney General, Alan Wilson briefly spoke with 7 News following that hearing.
“We’re holding him accountable for the point in time that he became aware and didn’t disclose, he admitted to that today. Obviously, in the facts that were laid out in today’s plea, there’s obviously a broader narrative going on here,” said South Carolina’s Attorney General, Alan Wilson.
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.