DOW JONES NEWSWIRES

Scana Corp.'s (SCG) South Carolina Electric & Gas Co. unit reached an agreement with Westinghouse Electric Co. and Shaw Group Inc. (SGR) for the purchase of long-lead-time materials for up to two new Westinghouse AP1000 nuclear electric generating units.

The Columbia, S.C., energy holding company said the purchase keeps it on schedule to build new nuclear generation and have a plant online by 2016.

Scana also said its unit and Santee Cooper, a state-owned electric and water utility in South Carolina, submitted an application with the Nuclear Regulatory Commission for a combined construction and operating license.

Once approved, the license would authorize the companies to build and operate up to two new nuclear reactors at the utilities' existing V.C. Summer Nuclear Station site in Jenkinsville, S.C.

Shares of Scana recently traded up 72 cents, or 2%, at $37.30.

-Shirleen Dorman; 201-938-5400; AskNewswires@dowjones.com

  (END) Dow Jones Newswires
  04-01-08 1555ET
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