Business & Finance
Business and Finance
Business and Finance
Mon, August 22, 2011
Fri, August 19, 2011 
CAYCE, S.C.--([ BUSINESS WIRE ])--South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), has been informed by the Nuclear Regulatory Commission (NRC) staff that they have completed the Final Safety Evaluation Report (FSER) for the two new nuclear units at V. C. Summer Station in Jenkinsville, SC. The NRC, in its FSER, concluded that there are no safety aspects that would preclude issuing the Combined Construction and Operating Licenses (COL) for the proposed reactors at the site.
"The issuance of the FSER for VC Summer is a significant positive step forward in our stated goal of providing carbon free energy to the state of South Carolina"
aThe issuance of the FSER for VC Summer is a significant positive step forward in our stated goal of providing carbon free energy to the state of South Carolina,a said Bill Timmerman, Chairman and CEO of SCANA. aOur nuclear strategy is progressing as expected. South Carolinaa™s regulatory structure has proven sound and the federal approval process is progressing as anticipated. We are pleased to have accomplished another step in this process which will allow us to continue to provide safe and reliable electricity to the citizens of South Carolina.a
Previously, the NRC staff issued the FSER for the Westinghouse AP1000 reactor design that SCE&G selected for the new units. NRC approval of the AP1000 now moves forward to the rulemaking process. Issuance of SCE&Ga™s COL is dependent upon completion of the rulemaking process, as well as a mandatory hearing. Completion of the FSER for SCE&Ga™s new units is a prerequisite for the mandatory hearing process to begin. The schedule continues to support NRC approval of the COL within the companya™s previously announced timeframe of late 2011 or early 2012.
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 ].
