Former SCANA CEO Kevin Marsh gets October sentencing date for VC Summer role [View all]

COLUMBIA, S.C. -- 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.

The Oct. 7 hearing will be at the federal courthouse in Columbia before U.S. District Judge Mary Lewis.

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.

Read more: https://www.thestate.com/article254135578.html