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SCANA Corp (SCG.N)

SCG.N on New York Stock Exchange

55.22USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

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

Toshiba nearing a deal to cap its guarantees to SCANA at the equivalent of around 240 bln Yen - Nikkei
Thursday, 27 Jul 2017 01:19pm EDT 

July 27 (Reuters) - Nikkei::Toshiba corp nearing a deal to cap its guarantees to SCANA at the equivalent of around 240 billion yen - Nikkei.  Full Article

Scana, Santee Cooper amend interim agreement to extend term
Monday, 26 Jun 2017 03:48pm EDT 

June 26 (Reuters) - Scana Corp ::Scana Corporation and Santee Cooper amend interim agreement to extend term.Scana-‍interim assessment agreement with Westinghouse Electric concerning nuclear construction project amended to extend agreement through August 10.Scana Corp - ‍agreement extension allows co-owners additional time to maintain all of their options by continuing construction on project​.  Full Article

SCANA, Santee Cooper amend interim agreement with Westinghouse Electric Company
Friday, 28 Apr 2017 12:54pm EDT 

April 28 (Reuters) - SCANA Corp ::SCANA Corporation and Santee Cooper amend interim agreement.Primary amendment is extension of term of agreement through June 26, 2017, subject to bankruptcy procedures.Co, Santee Cooper announced interim assessment agreement with Westinghouse Electric on nuclear construction project at V.C. Summer amended.Agreement provides a transition, evaluation period, in which co's unit, Santee Cooper, can continue to make progress at V.C. Summer Nuclear Station.During transition and evaluation period,Fluor will remain in its current role, project's co-owners to continue weekly payments for work performed.  Full Article

Scana Q1 EPS $1.19
Thursday, 27 Apr 2017 07:30am EDT 

April 27 (Reuters) - Scana Corp :Scana reports financial results for first quarter of 2017.Q1 earnings per share $1.19.Reaffirms its guidance for 2017 gaap-adjusted weather-normalized earnings per share of $4.15 to $4.35.Not able to provide 2017 gaap earnings guidance.Scana corp - qtrly total operating revenues $ 1,173 million versus $1,172 million.Q1 earnings per share view $1.30, revenue view $1.26 billion -- Thomson Reuters I/B/E/S.Scana - 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 expects westinghouse resources are sufficient to compensate for cost overruns without resorting to toshiba <6502.t> guarantees
Wednesday, 29 Mar 2017 03:57pm EDT 

day period of evaluation : Ceo says needs 30-day period to determine most prudent path forward . Says preferred option is to finish westinghouse plants .Says expects westinghouse resources are sufficient to compensate for cost overruns without resorting to toshiba <6502.t> guarantees.  Full Article

Scana Corp provides update on impact of chapter 11 filing of Westinghouse Electric on new nuclear project
Wednesday, 29 Mar 2017 07:11am EDT 

Scana Corp : Provided update on impact of chapter 11 filing of Westinghouse Electric Company on new nuclear project at V.C. Summer Nuclear Station . Says agreement will be filed today with court as part of WEC's bankruptcy filings . Agreement allows for a transition and evaluation period during which Scana, Santee Cooper will assess information provided by Westinghouse . Co, Santee Cooper have been working with wec in anticipation of bankruptcy filing for work on project to continue toward completion of units . Says will host call on March 29, during which management will provide update on impact of WEC's bankruptcy on new nuclear project .Scana, Santee Cooper will assess the information provided by Westinghouse and determine "most prudent path forward for" the new nuclear project.  Full Article

BRIEF-SCANA receives subpoena for documents relating to nuclear project

* SCANA receives subpoena for documents relating to nuclear project