This may not be the only negative impact of the SCANA sale.
Lexington District 2 will pay for Dominion Energy’s takeover of SCANA.
The Virginia-based utility will move 2 SCANA aircraft …
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This may not be the only negative impact of the SCANA sale.
Lexington District 2 will pay for Dominion Energy’s takeover of SCANA.
The Virginia-based utility will move 2 SCANA aircraft and close its Columbia Metropolitan Airport hangar.
SCANA paid a reported $520,000 in property taxes on the 2 planes and hangar, most of which went to District 2 schools.
The district’s Chief Financial Officer Marty Rawls said “We are aware of 4 FILOT [fee in lieu of taxes] agreements that deal with the 12th Street property and the Saxe Gotha Industrial Park property. These are all negotiated through Lexington County. How and if those changes would be more of a county and legal question.
“Depending on how the aircraft is handled (maintained, sold, transferred, etc.), Lexington 2’s tax revenue could be affected.”
He said the 2 planes are valued at about $9 million each. The tax revenue is roughly $195,000 each.
The Chronicle has asked the Lexington County administration for details on what this may cost and what impact it may have on tax revenue if Dominion decides to close, cut back or phase out the large SCANA campus in Cayce.
Dominion is based in Richmond, VA., and is so powerful, critics say, it controls Virginia lawmakers.
Senate Majority Leader Shane Massey said SCANA leaders developed friendships with legislators to gain support for the controversial Base Load Review Act that cost ratepayers $2 billion for their nuclear fiasco.
“Dominion plays hard ball,” Massey said.
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