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Column: SCANA puts shareholders’ interests ahead of ratepayers’

A few weeks back, I asked a stock analyst how it made sense that SCANA had issued $87.5 million in quarterly dividends on the same day it reported a quarterly loss of $445 million, as a result of its decision to abandon construction of two nuclear reactors.
Oh, that $445 million was a one-time cost, he explained, and SCANA is still a very healthy company, so there would be no justification for reducing or refusing to pay dividends. He was very patient, but he simply could not understand why I could not understand his point.

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