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SCANA Corp (SCG.N)

SCG.N on New York Stock Exchange

39.29USD
23 Feb 2018
Change (% chg)

$-0.64 (-1.60%)
Prev Close
$39.93
Open
$39.61
Day's High
$39.75
Day's Low
$38.77
Volume
286,350
Avg. Vol
705,590
52-wk High
$71.28
52-wk Low
$34.77

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 

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 

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
Friday, 29 Dec 2017 

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
Thursday, 21 Dec 2017 

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 

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 

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 

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 

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

South Carolina Electric & Gas Co and Santee Cooper agree to amount of guaranty payments from Toshiba
Friday, 28 Jul 2017 

July 27 (Reuters) - SCANA Corp::South Carolina Electric & Gas Company and Santee Cooper agree to amount of guaranty payments from Toshiba.Toshiba to pay $2.17 billion for guaranty of obligations of westinghouse electric company under EPC contract for 2 new nuclear units at V.C. Summer Nuclear Station.in agreement, Toshiba commits to make payments in a series of installments over a period beginning in oct 2017 and ending in sept 2022.certain of the payments may be satisfied by distributions through the bankruptcy court process from WEC to SCE&G and SANTEE COOPER.  Full Article

Scana, Santee Cooper amend interim agreement to extend term
Tuesday, 27 Jun 2017 

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

BRIEF-Scana Sees Total Estimated Capex For 2018 Of $845 Mln

* SCANA CORP SEES TOTAL ESTIMATED CAPEX FOR 2018 OF $845 MILLION - PRESENTATION SLIDES‍​ Source text: (http://bit.ly/2sQcUbG) Further company coverage: