This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SCE&G Receives Revised Safety Review Schedule

South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), has received a letter from the Nuclear Regulatory Commission (NRC) Office of New Reactors outlining an updated schedule for issuance of the Final Safety Evaluation Report for VC Summer Units 2 and 3.

In the letter, the NRC staff concluded that SCE&G’s application for a combined operating license is complete. The revised schedule supports the issuance of the Final Safety Evaluation Report (FSER) in September 2011. As the NRC letter stated “The objective for completion of the mandatory hearing, including issuance of a final Commission decision, should be no later than four months from the issuance of the later of the FSER or Final Environmental Impact Statement for the COL.”

The NRC is currently reviewing DCD revision 19 submitted by Westinghouse in June 2011. After the NRC’s review is complete, the FSER for the AP1000 certified design will be issued. Following that, the NRC will conduct a rulemaking process. Issuance of the COL is subject to completion of the rulemaking process.

“The issuance by the NRC of the schedule for approval of VC Summer’s COL application provides additional clarity toward the issuance of our license,” said Bill Timmerman, Chairman and CEO of SCANA. “As the timetable outlined in Tuesday’s NRC letter suggests, we remain confident that we will receive our COL within our previously announced timeframe of late 2011 or early 2012.”

A copy of the letter from the NRC can be found on the Investor Relations section of the Company’s website at www.scana.com.

PROFILE

SCE&G is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 663,000 customers in South Carolina. The company also provides natural gas service to approximately 315,000 customers throughout the state. More information about SCE&G is available at www.sceg.com.

SCANA Corporation, a Fortune 500 company 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.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs