More bad news for SCANA investors?

Special To The Chronicle Photograph Image/jpg Scana Stocks Are Already Approaching An All-time Low. They May Fall Even Lower Once Scana Releases Its 3rd Quarter Earnings Oct. 25.
Posted 10/11/18

Lexington County-based SCANA Corporation will release its 3rd quarter 2018 earnings Oct. 25, before the market opens.

Due to the pending sale to Dominion Energy of Virginia, SCANA will not host …

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More bad news for SCANA investors?

Posted

Lexington County-based SCANA Corporation will release its 3rd quarter 2018 earnings Oct. 25, before the market opens.

Due to the pending sale to Dominion Energy of Virginia, SCANA will not host a conference call.

A SCANA announcement said this practice is consistent with the company’s release of financial results since the announcement of the proposed sale.

A summary of quarterly activity will be available on the company’s website.

In August, SCANA announced 2nd quarter earnings of $8 million, or 6 cents a share.

That compared to earnings of $121 million, or 85 cents a share, for the 2nd quarter 2017. Electric rate-reduction ordered by state law and the Public Service Commission lowered revenue by $109 million, or 61 cents a share.

SCANA also blamed higher legal costs and financial advisory fees as it fought to hold back on returning 727,000 ratepayers’ money wasted on its $9 billion nuclear fiasco.

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