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SCANA Corp (SCG.N)

SCG.N on New York Stock Exchange

42.47USD
18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Scana Says If Merger Terminated Co Required To Pay Dominion Energy Termination Fee Of $240 Mln
Friday, 5 Jan 2018 06:11am EST 

Jan 5 (Reuters) - Dominion Energy Inc ::SCANA SAYS IF MERGER TERMINATED UNDER CERTAIN CIRCUMSTANCES CO REQUIRED TO PAY DOMINION ENERGY TERMINATION FEE OF $240 MILLION - SEC FILING.SCANA CORP - UPON TERMINATION OF DEAL UNDER CERTAIN CIRCUMSTANCES, DOMINION ENERGY TO BE REQUIRED TO PAY SCANA A FEE OF $280 MILLION.  Full Article

Dominion Energy and Scana Corp announce an all-stock merger
Wednesday, 3 Jan 2018 07:00am EST 

Jan 3 (Reuters) - Dominion Energy Inc ::DOMINION ENERGY, SCANA ANNOUNCE ALL-STOCK MERGER WITH $1,000 IMMEDIATE CASH PAYMENT TO AVERAGE SOUTH CAROLINA ELECTRIC & GAS RESIDENTIAL ELECTRIC CUSTOMER AFTER CLOSING.DOMINION ENERGY INC - INCLUDING ASSUMPTION OF DEBT, VALUE OF TRANSACTION IS APPROXIMATELY $14.6 BILLION.DOMINION ENERGY INC - CO, SCANA TO COMBINE IN STOCK-FOR-STOCK MERGER.DOMINION ENERGY - DEAL WOULD BE ACCRETIVE TO DOMINION'S EARNINGS UPON CLOSING.DOMINION ENERGY INC - ‍SCANA WOULD OPERATE AS A WHOLLY OWNED SUBSIDIARY OF DOMINION ENERGY​.DOMINION ENERGY INC - SCANA SHAREHOLDERS TO GET 0.6690 SHARES OF DOMINION COMMON STOCK FOR EACH SHARE OF SCANA, EQUIVALENT OF $55.35/SHARE.DOMINION ENERGY - MERGER WOULD INCREASE DOMINION ENERGY'S COMPOUNDED ANNUAL EARNINGS-PER-SHARE TARGET GROWTH RATE THROUGH 2020 TO 8 PERCENT OR HIGHER.DOMINION ENERGY INC - ‍COMBINED COMPANY WOULD OPERATE IN 18 STATES FROM CONNECTICUT TO CALIFORNIA​.DOMINION ENERGY - TO FUND $1.3 BILLION OF CASH PAYMENTS TO ALL SCE&G ELECTRIC CUSTOMERS WITHIN 90 DAYS AFTER DEAL CLOSING.DOMINION ENERGY INC - SCANA SHAREHOLDERS TO RECEIVE 0.6690 SHARES OF CO'S COMMON STOCK FOR EACH SHARE OF SCANA, EQUIVALENT OF ABOUT $7.9 BILLION.DOMINION ENERGY - SCANA, CO WILL FILE FOR REVIEW AND APPROVAL FROM PUBLIC SERVICE COMMISSIONS OF SOUTH CAROLINA, NORTH CAROLINA, GEORGIA FOR DEAL.DOMINION ENERGY - UPON CLOSING OF MERGER, SCANA SHAREHOLDERS WOULD OWN AN ESTIMATED 13 PERCENT OF COMBINED COMPANY.  Full Article

SCE&G Requests Withdrawal Of VC Summer Station Units Operating Licenses
Thursday, 28 Dec 2017 02:00pm EST 

Dec 28 (Reuters) - SCANA Corp ::SCE&G FILES FORMAL REQUEST WITH THE NUCLEAR REGULATORY COMMISSION TO WITHDRAW COLS FOR VCS UNITS 2 & 3.SCANA CORP - ‍IN ITS NOTIFICATION TO NRC, SCE&G STATES THAT IT HAS IRREVOCABLY ABANDONED ITS INTERESTS IN VCS UNITS 2 AND 3​.SCANA CORP - SCE&G HAS OFFERED TO CEDE ITS ABANDONED INTEREST IN VCS UNITS 2 AND 3 PROJECT TO SANTEE COOPER, FOR NO CONSIDERATION.  Full Article

Scana Says Public Service Commission Of South Carolina Denied South Carolina Electric & Gas Co's Motion To Dismiss
Wednesday, 20 Dec 2017 05:01pm EST 

Dec 20 (Reuters) - Scana Corp ::SCANA CORP SAYS PUBLIC SERVICE COMMISSION OF SOUTH CAROLINA DENIED SOUTH CAROLINA ELECTRIC & GAS CO'S MOTION TO DISMISS.SCANA CORP SAYS PUBLIC SERVICE COMMISSION OF SOUTH CAROLINA ORDERS HEARING ON SOUTH CAROLINA OFFICE OF REGULATORY STAFF'S REQUEST TO REDUCE RATES.SCANA CORP - IN ADDITION, COMMISSION ORDERED ORS TO PERFORM A THOROUGH INSPECTION AND AUDIT, WITHIN 30 DAYS.  Full Article

South Carolina Electric & Gas to acquire natural-gas-fired power plant
Thursday, 16 Nov 2017 09:00am EST 

Nov 16 (Reuters) - Scana Corp :South Carolina Electric & Gas Company to acquire natural-gas-fired power plant.Scana - ‍entered agreement in principle to purchase 540-megawatt, combined-cycle, natural-gas-fired power plant from Columbia Energy for $180 million​.  Full Article

Scana Corp names ‍Jimmy Addison CEO
Tuesday, 31 Oct 2017 09:00am EDT 

Oct 31 (Reuters) - Scana Corp :Scana Corporation and South Carolina Electric & Gas Company announce leadership changes.Scana Corp - ‍chairman and chief executive officer Kevin Marsh will retire as chief executive officer of Scana and SCE&G​.Scana Corp - ‍Jimmy Addison will become chief executive officer​.Scana Corp - ‍Iris Griffin will become chief financial officer​.Scana Corp - ‍lead independent director Maybank Hagood will become non-executive chairman of board of directors​.Scana corp - ‍Keller Kissam will become president and chief operating officer of SCE&G​.  Full Article

Scana says unable to provide long term guidance due to treatment of abandoned new nuclear project
Thursday, 26 Oct 2017 07:30am EDT 

Oct 26 (Reuters) - Scana Corp :Scana reports financial results for third quarter of 2017.Q3 earnings per share $0.24.Q3 earnings per share view $1.19 -- Thomson Reuters I/B/E/S.Scana corp - ‍for 2017, company reaffirms its guidance for 2017 gaap-adjusted weather-normalized earnings per share​.Scana corp - "‍at this time, company is unable to provide long-term guidance due to pending treatment of abandoned new nuclear project​".Scana corp - Qtrly ‍total operating revenue $1.08 billion versus $1.09 billion.Q3 revenue view $1.17 billion -- Thomson Reuters I/B/E/S.Scana corp - q3 earnings ‍decrease primarily attributable to impairment loss of $210 million, associated with abandoned new nuclear project​.Scana corp - q3 ‍reported earnings at sce&g, scana's principal subsidiary, were $0.29 per share.  Full Article

Scana - served with document subpoena issued by staff of SEC
Tuesday, 17 Oct 2017 09:00am 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

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Toshiba reaches deal to help resolve Westinghouse bankruptcy, rebuild finances

Toshiba Corp said on Thursday it had clinched an agreement to sell its claims in bankrupt U.S. nuclear plant maker Westinghouse Electric Co LLC in a deal that would add $3.7 billion to the Japanese owner's depleted capital base.