Scana drops most since 1987 on concern over nuclear costs

US Nuclear utility Scana Corp.'s equity is taking a dive as a court rules billing ratepayers for incomplete reactors is unconstitutional. Observers are concerned Scana will not be able to recover its expenditure.

Scana Corp. plunged the most in more than three decades on concerns it will not be able to recover costs from an abandoned USD 20 billion nuclear project.

South Carolina Circuit Judge John C. Hayes III is asking lawyers to submit orders regarding the constitutionality of the 2007 Base Load Review Act, which lets the utility charge customers for a pair of unfinished nuclear reactors, Scana said in a statement Monday.

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