SCANA Corp. stock dropped 11% Monday on word that a state judge in South Carolina has indicated that he intends to declare unconstitutional a law that allows it to recover almost $5 billion in costs for the abandoned V.C. Summer Nuclear expansion project. The one-day drop brought SCANA (NYSE: SCG) stock to a close of $36.40 from an opening of $40.91. The loss of $4.49 per share eliminated more than $640 million in shareholder value and reduced the company's market capitalization to $5.2 billion…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2018/10/23/scana-tumbles-on-likely-ruling-against-law-that.html?ana=RSS&s=article_search
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