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SCANA Corp (SCG.N)

SCG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Scana - served with document subpoena issued by staff of SEC
9:00am EDT 

Oct 17 (Reuters) - Scana Corp :Scana Corp - served with document subpoena issued by staff of SEC for investigation relating to new nuclear project at V. C. Summer Nuclear Station​.  Full Article

Scana says SCPSC defers action on ORS request to suspend revised rates collections
Thursday, 28 Sep 2017 05:54pm EDT 

Sept 28 (Reuters) - SCANA Corp ::Public Service Commission of South Carolina defers action on office of regulatory staff (ORS) request to suspend revised rates collections.Public Service Commission of South Carolina ordered hearing officer to establish briefing schedule & hearing date concerning ORS' request .Intends to "defend its rights and claims, including appealing any adverse decision, if necessary​".‍south Carolina Electric & Gas Company's existing retail electric rates will remain in effect pending further action of SCPSC​.  Full Article

SCANA says SCE&G filed motion to dismiss with Public Service Commission of South Carolina‍​
Thursday, 28 Sep 2017 12:18pm EDT 

Sept 28 (Reuters) - SCANA Corp ::Says SCE&G filed motion to dismiss, request for briefing schedule, hearing on motion to dismiss with Public Service Commission of South Carolina‍​.  Full Article

SCANA Corp says South Carolina ORS filed request for rate relief with Public Service Commission - SEC filing
Wednesday, 27 Sep 2017 08:15am EDT 

Sept 27 (Reuters) - SCANA Corp : :SCANA Corp says ‍on sept 26, south carolina ORS filed request for rate relief with Public Service Commission of South Carolina - SEC Filing.SCANA - ORS request asking for order from commission directing SCE&G to immediately suspend all revised rates collections from customers.SCANA Corp - ‍revised rates were previously approved by commission pursuant to authority of base load review act​.SCANA-‍request seeks order if BLRA found unconstitutional/general assembly amends/revokes BLRA,SCE&G make credits to future bills/refunds to customers​.  Full Article

Santee Cooper approves monetization of Toshiba Guaranty‍​
Wednesday, 27 Sep 2017 08:06am EDT 

Sept 27 (Reuters) - Santee Cooper::Santee Cooper approves monetization of Toshiba Guaranty‍​.‍Santee Cooper - Board approved assignment, purchase agreement to sell monetary rights of portion of $2.168 billion Toshiba Guaranty settlement claim​.Santee Cooper - Agreement pays 91.5 percent of settlement claim, Santee Cooper will receive $831.2 million for its 45 percent share‍​.Santee Cooper says the assignment and purchase agreement with Citibank n.a does not include the first-scheduled payment from Toshiba of $150 million‍​.Santee Cooper says Santee cooper's 45 percent share of the first payment from Toshiba, scheduled for october 2017, is $67.5 million.‍Santee Cooper - Santee Cooper received 13 initial bids from five broker-dealers and eight investment management firms.  Full Article

Scana says South Carolina AG's office requests SLED for investigation of a nuclear project handling
Tuesday, 26 Sep 2017 11:25am EDT 

Sept 26 (Reuters) - SCANA Corp ::Says South Carolina AG's Office, among others, requested SLED for criminal investigation of handling of V.C. Summer nuclear project by co, SCE&G.  Full Article

SCANA receives subpoena for documents relating to nuclear project
Thursday, 21 Sep 2017 08:00am EDT 

Sept 21 (Reuters) - SCANA Corp :SCANA receives subpoena for documents relating to nuclear project.SCANA Corp - ‍subpoena requires company to produce a broad range of documents related to nuclear project at V.C. Summer nuclear station​.SCANA - co, units served with subpoena seeking documents relating to company's new nuclear project at V.C. Summer nuclear station​.  Full Article

South Carolina Electric & Gas Co to voluntarily withdraw nuclear abandonment petition
Tuesday, 15 Aug 2017 04:15pm EDT 

Aug 15 (Reuters) - Scana Corp -:South Carolina Electric & Gas Company to voluntarily withdraw its new nuclear abandonment petition to accommodate the legislative review process.Scana-‍sce&g met with various stakeholders & members of south carolina general assembly to discuss abandonment of new nuclear project, to hear their concerns ​.Scana-‍SCE&G'S withdrawal decision was in response to concerns from stakeholders, members of south carolina general assembly​.Scana-‍SCE&G's withdrawal decision also to allow for adequate time for governmental officials to conduct their reviews​.  Full Article

Scana reports Q2 earnings per share $0.01
Thursday, 3 Aug 2017 07:30am EDT 

Aug 3 (Reuters) - Scana Corp :Scana reports financial results for second quarter of 2017.Q2 earnings per share $0.01.Q2 earnings per share view $0.74 -- Thomson Reuters I/B/E/S.Scana Corp - ‍for 2017, company reaffirms its guidance for 2017 GAAP-adjusted weather-normalized earnings per share of $4.15 to $4.35​.Scana Corp - qtrly total operating revenues $1,001 ‍​ million versus $905 million.Scana Corp - ‍estimates its targeted average annual earnings per share growth rate range to be 2 to 4 percent over next 3 to 5 years​.FY2017 earnings per share view $4.14 -- Thomson Reuters I/B/E/S.Scana - ‍estimates targeted average annual growth rate for gaap-adjusted weather-normalized earnings per share to be 4 to 6 percent over next 3 to 5 years​.  Full Article

SCANA says unit to cease construction, will file plan to abandon new nuclear project
Monday, 31 Jul 2017 01:00pm EDT 

July 31 (Reuters) - SCANA Corp ::South Carolina Electric & Gas Company to cease construction and will file plan of abandonment of the new nuclear project.SCANA reaffirms its targeted average annual earnings per share growth rate range to be 2 to 4 percent over next 3 to 5 years​.Decision was reached after considering costs to complete units, uncertainty regarding availability of production tax credits for project ​.Due to significance of weather to SCE&G's earnings and its unpredictability, SCANA is not able to provide 2017 GAAP earnings guidance​.For 2017, SCANA reaffirms its guidance for 2017 GAAP-adjusted weather-normalized earnings per share of $4.15 to $4.35.SCE&G plans to use anticipated payments resulting from settlement of Toshiba's guaranty to mitigate cost impacts to SCE&G electric customers.Decision was also reached by SCE&G after considering amount of anticipated guaranty settlement payments from Toshiba​.  Full Article

BRIEF-Scana - served with document subpoena issued by staff of SEC

* Scana Corp - served with document subpoena issued by staff of SEC for investigation relating to new nuclear project at V. C. Summer Nuclear Station​ Source text for Eikon: Further company coverage: