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BRIEF-Scana Corp provides update on impact of chapter 11 filing of Westinghouse Electric on new nuclear project
March 29, 2017 / 11:34 AM / 6 months ago

BRIEF-Scana Corp provides update on impact of chapter 11 filing of Westinghouse Electric on new nuclear project

March 29 (Reuters) - Scana Corp

* Provided update on impact of chapter 11 filing of Westinghouse Electric Company on new nuclear project at V.C. Summer Nuclear Station

* Says agreement will be filed today with court as part of WEC’s bankruptcy filings

* Agreement allows for a transition and evaluation period during which Scana, Santee Cooper will assess information provided by Westinghouse

* Co, Santee Cooper have been working with wec in anticipation of bankruptcy filing for work on project to continue toward completion of units

* Says will host call on March 29, during which management will provide update on impact of WEC’s bankruptcy on new nuclear project

* Scana, Santee Cooper will assess the information provided by Westinghouse and determine “most prudent path forward for” the new nuclear project Source text for Eikon: Further company coverage:

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