McCoy's tenure as SC's federal prosecutor set for fitting end with SCANA exec guilty plea
COLUMBIA — In September 2017, then-state Rep. Peter McCoy was listening to SCANA ratepayers from across South Carolina rail against the company’s high energy prices during a Statehouse committee hearing when a notification popped up on his phone with some pertinent news.
Investigators were launching a criminal probe into the cancelled construction of two nuclear power reactors, a $9 billion boondoggle considered the biggest business failure in state history, right as McCoy was leading the legislative response as chairman of the panel tasked with addressing the crisis.
Three and a half years later, it will be McCoy in court on Feb. 24 representing the federal government as South Carolina’s U.S. attorney when former SCANA CEO Kevin Marsh formally enters his guilty plea for covering up major flaws in the V.C. Summer project while the utility continued bilking ratepayers for the costs.
Marsh’s guilty plea will provide a fitting bookend to McCoy’s tenure as the South Carolina’s top federal prosecutor, capping his years-long effort to hold what used to be one of South Carolina’s most powerful companies accountable for their role in the scandal — first in the Statehouse and now in the courthouse.
Read more: https://www.postandcourier.com/politics/mccoys-tenure-as-scs-federal-prosecutor-set-for-fitting-end-with-scana-exec-guilty-plea/article_12692a8c-6fb2-11eb-8e39-83933f1cc64a.html