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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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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