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SCANA Corp (SCG)

SCG on New York Consolidated

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

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

UPDATE 1-SCE&G to cut electricity rates after failed nuclear project

Nov 16 South Carolina Electric & Gas Co (SCE&G), the main subsidiary of Scana Corp, said it will cut electricity rates to placate customers angered at having to bear the cost of the company's abandoned V.C. Summer nuclear project.