Scana Proposes Pulling the Nuclear Plug, but Shareholders Now Face Cost Recovery Risk
We are reaffirming our $64 fair value estimate and narrow moat and stable moat trend ratings for Scana after the company announced it will propose abandoning its new nuclear project. We think this is a best-case outcome for shareholders, although it only starts what we expect will be a long legal and regulatory process. We are raising our uncertainty rating to medium from low.The decision again showed management's unyielding commitment to shareholders. The 2006 South Carolina Base Load Review A...
SCANA is a holding company. Through its regulated subsidiaries, the company is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through its non-regulated subsidiary, the company markets natural gas to retail customers in Georgia and to wholesale customers in the southeast. In addition, the company's subsidiary, SCANA Services, Inc. provides primarily administrative and management services to the company's other subsidiaries.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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