Scana Corp. and Southern Co. Investors Should Not Fret Toshiba's Woes...Yet
We are reaffirming our fair value estimates, and moat and moat trend ratings for Scana and Southern Company after Westinghouse parent Toshiba announced financial woes related to its U.S. nuclear construction business. We continue to believe the new nuclear plants Scana and Southern are building with Westinghouse will be completed. These in part support our 5% projected annual earnings-growth rate for Scana and 4% projected annual earnings-growth rate for Southern.The Toshiba-Westinghouse woes p...
Southern is a holding company. Through its subsidiaries, Alabama Power Company, Georgia Power Company, and Mississippi Power Company, the company is engaged in the generation, transmission, distribution, and purchase of electricity and the sale of electric service in Alabama, Georgia, and Mississippi. The company's Southern Power Company subsidiary develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The company's Southern Company Gas subsidiary is an energy services holding company whose primary business is the distribution of natural gas in Illinois, Georgia, Virginia, and Tennessee.
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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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