trending Market Intelligence /marketintelligence/en/news-insights/trending/IAMDxIB9q_PhRcq6JZSUJQ2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Macquarie Capital downgrades SCANA ratings


COVID-19 Impact & Recovery: Energy Outlook for H2 2021


US utility commissioners: Who they are and how they impact regulation


Climate Credit Analytics: Linking climate scenarios to financial impacts


Essential Energy Insights, April 2021

Macquarie Capital downgrades SCANA ratings

Macquarie Capital (USA) Inc. on Jan. 24 downgraded SCANA Corp. to "neutral" from "outperform" and lowered its 2019 EPS estimate.

In 2016, the Public Service Commission of South Carolina supported the company's nuclear plant expansion effort by approving a settlement agreement on a new fixed-price contract for the construction of V.C. Summer units 2 and 3.

"SC/NC keeps experiencing strong population growth thanks to migration, and that translates into a 2%+ growth in customer accounts for SCG's gas and electric utilities. Yet, LTM weather normalized electric sales for SCG have been flat, with a 0.3% YoY growth in commercial and residential sales being offset by declines in industrial load," Macquarie analyst James Ward said in a research note.