Cayce, SC, August 19, 2011…SCANA Corporation (NYSE:SCG) today released the following statement of Bill Timmerman, Chairman and CEO of SCANA Corporation, related to recent trading activity.
"We are aware of the unusually high trading activity in SCANA common stock yesterday. We are also aware of the internet-based rumor that SCANA is considering a sale of the company," said Bill Timmerman. "These rumors are false, and we know of no corporate developments to account for the unusual market activity in SCANA’s stock."
Timmerman noted that the Company continues to focus on its new nuclear project activities and providing safe, reliable electricity to the citizens of South Carolina.
SCANA Corporation, a Fortune 500 company headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Information about SCANA and its businesses is available on the Company’s website at www.scana.com .