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Wednesday, 28 May 2008

Info Post
SCANA (SCG) subsidiary, South Carolina Electric & Gas, announced Tuesday that they had reached a contractual agreement with Westinghouse and the Shaw Group (SGR) to design and build two 1,117-megawatt nuclear power plants at the Virgil C. Summer Station near Jenkinsville, SC. The AP 1000 reactors are slated to become operational in 2016.

Tuesday after-hours trading was up for SGR and SCG. The Wall St. love continued Wednesday: Shaw Group shares rose $3.42 (5.9%), SCANA shares were up 25 cents (.62%).

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