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	<title>Stock Blog Hub &#187; SCANA Corp.</title>
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		<title>(SCG) SCANA Corporation Coverage Initiated at Neutral</title>
		<link>http://www.stockbloghub.com/2009/09/23/scg-scana-corporation-coverage-initiated-at-neutral/15876</link>
		<comments>http://www.stockbloghub.com/2009/09/23/scg-scana-corporation-coverage-initiated-at-neutral/15876#comments</comments>
		<pubDate>Wed, 23 Sep 2009 20:11:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[SCANA Corp.]]></category>
		<category><![CDATA[SCG]]></category>

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		<description><![CDATA[We are initiating coverage on SCANA Corp. (SCG) with a Neutral recommendation and a target price of $36. Our rating stems from the early-stage nature of the company’s nuclear generation project and potential dilution risk coming from its plan to move equity from debt. However, potential for positive earnings momentum with modest growth is expected to continue through the utility’s regulated and historically stable electric and gas operations. The company’s nuclear expansion project is a potential catalyst for long-term earnings growth. In the second quarter, SCANA reported earnings of 45 cents per share, beating the Zacks Consensus Estimate of 43 cents. The favorable comparison was driven by lower operating costs and customer growth. During the first half of 2009, SCANA’s two principal subsidiaries, South Carolina Electric &#38; Gas Co. (SCE&#38;G) ]]></description>
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