Wunderlich Securities Comments On NRC Statement Regarding Scana

According to Wunderlich Securities, Scana Corporation SCG expectation is supported by the NRC. Wunderlich Securities said that on Friday, the Nuclear Regulatory Commission (NRC) issued a statement indicating Westinghouse must resolve some technical issues before the NRC can approve the AP1000 nuclear design. “The NRC's official statement appears to support SCG's expectation as of last week that design certification may be delayed by a month or more. The outstanding issues do not appear to require a change to the AP1000 design, which we believe would make the difference between a minor vs. a more significant scheduling delay. We continue to believe a few months' delay should not materially impact SCG's COL or 2012 nuclear spending. SCANA's June 16 analyst meeting should prove timely given these developments.” Scana Corporation closed on Friday at $41.49.