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
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