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SCG

Scana

$49.59

-1.63 (-3.18%)

12:06
09/28/17
09/28
12:06
09/28/17
12:06

South Carolina Electric & Gas files motion to dismiss with South Carolina

Scana disclosed in a regulatory filing that South Carolina Electric & Gas Company today filed a Motion to Dismiss and Request for Briefing Schedule and Hearing on Motion to Dismiss with the Public Service Commission of South Carolina. The motion reads in part, "The grounds for this motion are that the Request seeks relief which is illegal and unconstitutional and outside the statutory powers of the Public Service Commission of South Carolina. SCE&G requests that the Commission comply with its binding regulations and provide for this motion to be heard after due notice to ORS and other parties and to that end, establish a timetable for briefing and argument. Given that the Commission has set the Request for consideration during a specially called meeting less than 48 hours following the filing of the Request, SCE&G requests that it be given a reasonable time to brief the issues presented to the Commission by this Motion to Dismiss before any action on it or the underlying Request is taken." Reference Link

SCG Scana
$49.59

-1.63 (-3.18%)

08/14/17
WELS
08/14/17
NO CHANGE
WELS
Scana still likely to obtain 'constructive' settlement, says Wells Fargo
Wells Fargo notes that Scana's stock has dropped 11% in the past week amid an increased backlash against its decision to abandon a nuclear energy project in South Carolina. However, the firm still expects the company to obtain "a constructive settlement" of the project that ratifies its abandonment of the deal. Wells keeps an Outperform rating on the stock.
08/28/17
MZHO
08/28/17
UPGRADE
MZHO
Neutral
Scana upgraded to Neutral from Underperform at Mizuho
09/18/17
WILL
09/18/17
DOWNGRADE
WILL
Hold
Scana downgraded to Hold from Buy at Williams Capital
09/28/17
WILL
09/28/17
NO CHANGE
Target $50
WILL
Hold
Scana price target lowered to $50 from $70 at Williams Capital
Williams Capital analyst Christopher Ellinghaus said the South Carolina House Utility Ratepayer Protection Committee hearing yesterday regarding Scana was "troubling in many ways," noting that talk of retroactive ratemaking escalated. Also, South Carolina has launched a criminal investigation as requested by legislators, he noted. Ellinghaus, who said the outcome of South Carolina's legislative actions are "highly uncertain and potentially very hostile" for Scana, keeps a Hold rating on the stock and lowered his price target to $50 from $70.

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RNWK

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S

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DDAIF

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GE

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QCOM

Qualcomm

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AYX

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MSFT

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DLB

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QCOM

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USM

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ICL

ICL

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LJPC

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NOK

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$5.80

0.09 (1.58%)

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NOK

Nokia

$5.80

0.09 (1.58%)

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CHL

China Mobile

$47.89

0.16 (0.34%)

, NOK

Nokia

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VOD

Vodafone

$28.96

0.6 (2.12%)

, NOK

Nokia

$5.80

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NOK

Nokia

$5.80

0.09 (1.58%)

, FB

Facebook

$183.29

4.3 (2.40%)

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