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Scana Gets SEC Subpoena Related to Canceled Nuclear Project

  • Probe follows claims of nondisclosure to state regulators
  • Company faces federal grand jury, state investigation
Construction on the V.C. Summer Nuclear Station in 2016.

Construction on the V.C. Summer Nuclear Station in 2016.

Photographer: Chuck Burton/AP
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Scana Corp., already the target of federal and state investigations, said it received a subpoena from the U.S. Securities and Exchange Commission in connection with an abandoned nuclear power project.

The Cayce, South Carolina-based company said it will “fully cooperate” and offered no further details, according to a statement Tuesday. Scana is under a federal investigation and a state probe into the expansion of its V.C. Summer nuclear reactor, a project it canceled after costs spiraled to more than $20 billion.