Business & Finance
Business and Finance
Business and Finance
Thu, August 11, 2011
Wed, August 10, 2011 
CAYCE, S.C.--([ BUSINESS WIRE ])--South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), has received notification from Westinghouse Electric Company that the Nuclear Regulatory Commission is issuing its Final Safety Evaluation Report (FSER) on the Design Control Document (DCD) Revision 19 AP1000 design. SCE&G has chosen the AP1000 design for its two new nuclear units at V. C. Summer Station in Jenkinsville, SC.
"The issuance of the FSER for the AP1000 design is a monumental step on the journey towards construction of the next wave of nuclear reactors in the United States"
The FSER comes after a public comment period and includes the NRC Staffa™s evaluation and ultimate concurrence with all AP1000 design changes included in DCD Revision 18 and the confirmatory Revision 19. The NRC will now conduct a rulemaking process for granting of the design certification rule. Issuance of the COL for SCE&Ga™s new nuclear units is subject to completion of the rulemaking process.
aThe issuance of the FSER for the AP1000 design is a monumental step on the journey towards construction of the next wave of nuclear reactors in the United States,a said Bill Timmerman, Chairman and CEO of SCANA. aWe are pleased that the NRC staff has approved Westinghousea™s amended design for the AP1000 and excited to be one step closer to obtaining our COL within the timeframe we have communicated, which is late 2011 or early 2012.a
Previously, the NRC staff concluded that SCE&Ga™s application for a combined operating license is complete and provided a revised schedule supporting the issuance of the FSER for SCE&Ga™s units in September 2011. After issuing SCE&Ga™s FSER, the NRC will begin a mandatory hearing process. The schedule continues to support NRC approval of the COL within the companya™s previously announced timeframe.
PROFILE
SCE&G is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 664,000 customers in South Carolina. The company also provides natural gas service to approximately 313,000 customers throughout the state. More information about SCE&G is available at [ www.sceg.com ].
SCANA Corporation, a Fortune 500 company headquartered in Cayce, SC, 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 on the Companya™s website at [ www.scana.com ].
