SCANA Corporation Management to Discuss New Nuclear Construction Schedule on August 11, 2014

CAYCE, S.C., Aug. 11, 2014 /PRNewswire/ -- SCANA Corporation (NYSE: SCG) will host a conference call today at 3 PM EDT during which Steve Byrne, Chief Operating Officer of South Carolina Electric & Gas Company, will provide an update on the company's new nuclear project.  Included in the discussion will be reference to preliminary information received from the Consortium in August indicating that the substantial completion of Unit 2 is expected to occur in late 2018 or the first half of 2019 and that the substantial completion of Unit 3 may be approximately 12 months later.  These expected substantial completion dates do not reflect all efforts that may be possible to mitigate delay, nor has SCE&G accepted this new schedule.  The Consortium has not yet provided any cost estimates related to the delay.  SCE&G anticipates that the revised schedule and the cost estimate at completion will be finalized in the latter half of 2014.  SCE&G plans to reevaluate and reschedule its owners cost estimates and cash flow requirements in light of that new schedule when it is finalized. 

 

Details of the call are as follows:


Date and Time:       

Monday, August 11, 2014, 3:00 p.m. Eastern Time



Call in Number:       

U.S.                            

877-870-4263


Canada                   

855-669-9657


International              

412-317-0790




Speakers:               

Jimmy Addison        

Chief Financial Officer – SCANA


Steve Byrne             

Chief Operating Officer – SCE&G




Instructions: 

The conference call will begin promptly at 3:00 p.m. ET.  Participants should call in 5-10 minutes prior to the call to ensure operators have sufficient time to record your name and company affiliation.  A replay of the conference call will be available approximately 2 hours after completion of the call through August 25, 2014.  To access the replay, call 877-344-7529 (U.S.) or 412-317-0088 (Canada/International) and enter the event code 10051184.  A transcript of the call will be available on the Investor Relations section of the Company's website at www.scana.com.



Internet Access: 

The live listen-only webcast of the conference call will be available on the Investor Relations section of the website at www.scana.com.  The webcast will begin Monday, August 11, 2014 at 3:00 p.m. ET. A replay of the conference call will also be available on the Company's website through August 25, 2014.

SCANA Corporation, headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Information about SCANA and its businesses is available on the company's website at www.scana.com.

Media Contact:


Investor Contacts:




Eric Boomhower


Christina Putnam


Susan Wright


(803) 217-7701


(803) 217-7512


(803) 217-4436


eboomhower@scana.com


cputnam@scana.com


susan.wright@scana.com


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SOURCE SCANA Corporation



RELATED LINKS
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