Moody’s reviews SCE&G, Scana

Moody's Investors Service said it placed the ratings of South Carolina Electric & Gas Co. (SCE&G, Baa2) and its parent company Scana Corp. (Baa3) on review for downgrade.

Moody’s said the review was prompted by the escalating political and regulatory contentiousness that has developed following the organization's decision to cease construction of the V.C. Summer new nuclear units 2 and 3.

The review will primarily focus on the impact of ongoing proceedings before the Public Service Commission of South Carolina.

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