LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of SCANA Corporation (“SCANA” or the “Company”) (NYSE: SCG) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the SCANA investigation page on our website at www.glancylaw.com/case/scana-corporation
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 that they would abandon construction of two nuclear power plants in South Carolina, citing rising construction costs. Then on August 11, 2017, The Post and Courier of Charleston reported that Kevin Marsh, SCANA’s Chairman and CEO, 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.
Then, on September 27, 2017 SCANA’s shares fell over 7% to close at $51.22 on news that state utility regulators may suspend previously approved SCANA rate increases, and also news that federal and state regulators are investigating the Company’s handling of the construction of the nuclear reactors.
If you purchased SCANA securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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