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United States

SCANA Corp (SCG.N)

SCG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Scana Reduces Quarterly Dividend Rate By 80 Percent
Thursday, 28 Jun 2018 08:50am EDT 

June 28 (Reuters) - SCANA Corp ::SCANA REDUCES QUARTERLY DIVIDEND RATE BY 80 PERCENT AND DECLARES DIVIDEND ON COMMON STOCK FOR SECOND QUARTER 2018.SCANA CORP - DECLARED A QUARTERLY DIVIDEND OF 12.37 CENTS PER SHARE FOR QUARTER ENDING JUNE 30, 2018.SCANA - MADE REDUCTION TO PRESERVE OPTIONS AS CO CONTINUES TO SEEK A RESOLUTION TO RECOVERY OF COSTS FOR VC SUMMER NEW NUCLEAR CONSTRUCTION PROJECT.SCANA CORP - QTRLY CASH DIVIDEND REDUCED FROM 61.25 CENTS/ SHARE PAID ON COMPANY'S COMMON STOCK FOR Q1 2018.SCANA CORP - 80 PERCENT DIVIDEND REDUCTION CORRESPONDS TO PART OF DIVIDEND ATTRIBUTABLE TO ELECTRIC PORTION OF SOUTH CAROLINA ELECTRIC & GAS COMPANY.  Full Article

Scana Corp Says Evaluating Legal Options Regarding Bill Passed By South Carolina General Assembly
Wednesday, 27 Jun 2018 06:00pm EDT 

June 27 (Reuters) - SCANA Corp ::SCANA CORPORATION EVALUATING LEGAL OPTIONS REGARDING BILL PASSED BY SOUTH CAROLINA GENERAL ASSEMBLY.SCANA - PROPOSED LEGISLATION WOULD TEMPORARILY REDUCE PORTION OF SCE&G'S ELECTRIC RATES ASSOCIATED WITH V.C. SUMMER NUCLEAR CONSTRUCTION PROJECT.SCANA - LOWER RATE WOULD BE EFFECTIVE UNTIL SCPSC RENDERS DECISION ON JOINT PETITION FILED RELATED TO PROPOSED MERGER OF CO WITH DOMINION ENERGY.SCANA-REDUCTION IN VC SUMMER ELECTRIC RATES FROM PROPOSED LEGISLATION FROM ABOUT 18 PERCENT OF AVERAGE RESIDENTIAL ELECTRIC CUSTOMER'S BILL TO ABOUT 3.2 PERCENT.  Full Article

Scana Reports Q1 Earnings Per Share $1.18
Thursday, 26 Apr 2018 07:30am EDT 

April 26 (Reuters) - SCANA Corp ::SCANA REPORTS FINANCIAL RESULTS FOR FIRST QUARTER 2018.Q1 EARNINGS PER SHARE $1.18.Q1 EARNINGS PER SHARE VIEW $1.19 -- THOMSON REUTERS I/B/E/S.WILL NOT PROVIDE 2018 OR LONG-TERM EARNINGS GUIDANCE OR HOST A CONFERENCE CALL DUE TO PENDING COMBINATION WITH DOMINION ENERGY.QTRLY TOTAL OPERATING REVENUES $1,180 MILLION VERSUS $1,173 MILLION.Q1 REVENUE VIEW $1.25 BILLION -- THOMSON REUTERS I/B/E/S.SCANA - DECREASE IN QTRLY EARNINGS IS PRIMARILY ATTRIBUTABLE TO HIGHER LEGAL COSTS AND FINANCIAL ADVISORY FEES, AMONG OTHERS.SCANA - IN QUARTER, ELECTRIC & GAS REVENUES IN REGULATED BUSINESSES WERE REDUCED TO REFLECT AMOUNTS TO BE REFUNDED TO CUSTOMERS DUE TO TAX RATE CHANGE.SCANA SAYS ABNORMALLY MILD WINTER WEATHER DECREASED QTRLY ELECTRIC REVENUES AT SCE&G.  Full Article

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

BRIEF-Scana Reports Q1 Earnings Per Share $1.18

* Q1 EARNINGS PER SHARE VIEW $1.19 -- THOMSON REUTERS I/B/E/S