NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of SCANA Corporation (“SCANA” or the “Company”) (NYSE: SCG) concerning possible violations of federal securities laws.
On July 31, 2017, SCANA's subsidiary South Carolina Electric & Gas Co. ("SCE&G") and Santee Cooper, South Carolina's state-owned electric and water utility, announced, citing rising construction costs, that they would abandon construction of two nuclear power plants in South Carolina. On August 11, 2017, The Post and Courier of Charleston reported that SCANA's Chairman and Chief Executive Officer, Kevin Marsh, had advised state lawmakers that SCE&G might not resume construction on the nuclear power plants even if a new partner for the project was found.
On this news, SCANA's share price fell $1.32, or 2.13%, to close at $60.69 on August 11, 2017. To obtain additional information, go to:
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