Haeggquist & Eck Investigates Breach of Fiduciary Duties by SCANA’s Officers and Directors Regarding Abandonment of Its Nuclear Project
SCANA (SCG)
Last scana earnings: 10/25 07:30 am
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Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)-- Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether certain directors and officers of SCANA Corporation (“SCANA” or the “Company”) (NYSE: SCG) breached their fiduciary duties to the Company and its shareholders. SCANA is a $7.3 billion energy-based holding company headquartered in Cayce, South Carolina. SCANA is principally engaged, through its subsidiaries, in regulated electric and natural gas utility operations in South Carolina, North Carolina, and Georgia. Over the past decade, SCANA has spent more than $9 billion on a project to build two nuclear reactors at the V.C. Summer Nuclear Station in South Carolina (the “Nuclear Project”). Despite this massive expenditure – financed by public investors as well as by raising customers’ electrical rates nine times – SCANA recently announced that it would abandon the Nuclear P
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