CAYCE, S.C., Aug. 7, 2018 /PRNewswire/ -- South Carolina
Electric & Gas Company ("SCE&G"), a subsidiary of SCANA
Corporation (NYSE: SCG), announced today that it will appeal the
Order of the United States
District Court for the District of South
Carolina denying SCE&G's Motion for Preliminary
Injunction regarding implementation of Act 258.
Act 258 is the South Carolina
law enacted in late June which has resulted in a temporary
reduction of SCE&G's retail electric rates by approximately 15
percent retroactive to April 1,
2018. In addition, among other things, Act 258 supplies
definitions of key terms under the Base Load Review Act that would
heighten the evidence required to establish SCE&G's ability to
recover its costs associated with the new nuclear project.
In connection with its appeal, SCE&G will be seeking
expedited consideration from the United
States Court of Appeals for the Fourth Circuit.
PROFILE
SCANA Corporation, headquartered in
Cayce, S.C., 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 at www.scana.com.
SCE&G is a regulated public utility engaged in the
generation, transmission, distribution and sale of electricity to
approximately 727,000 customers in the central, southern and
southwestern portions of South Carolina. The company also
provides natural gas service to approximately 373,000 customers
throughout South Carolina. More
information about SCE&G is available at www.sceg.com.
Media
Contact:
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Investor
Contact:
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Eric
Boomhower
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Bryant
Potter
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(800)
562-9308
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(803)
217-6916
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SOURCE SCANA Corporation