Wunderlich Securities Maintains Buy Rating on SCANA Corp.

Wunderlich Securities is updating its thoughts on SCANA Corp.

“following developments over the last few weeks.” “At a meeting with Westinghouse on June 30, nuclear regulators mentioned a revised schedule would be issued for AP1000 approval,” Wunderlich Securities writes. “In addition, Shaw Group

recently indicated that it is basing earnings guidance on the assumption that both Southern Company

and SCG receive their operating licenses in early 2012. These developments suggest some slippage in the nuclear approvals timeline. “We continue to believe minor delays are within the schedule contemplated by SCG. We remain Buy-rated on SCG, but admit that our bullish stance may be early for investors with shorter time horizons.” SCANA closed at $39.31; Shaw Group closed at $26.61; Southern Company closed at $40.32.