SCANA to Discuss Toshiba's Goodwill Impairment Associated with Nuclear Construction Projects

On it’s next earnings call SCANA would expect to discuss matters relating to the status of the two nuclear units being built for its primary subsidiary, South Carolina Electric & Gas Company.  Toshiba Corporation (Toshiba) is the parent company of Westinghouse Electric Company, which is the engineering, procurement, and construction contractor for the two new nuclear units in Jenkinsville, SC. 

On January 24, 2017, Toshiba issued a press release stating that on February 14, 2017, in conjunction with its announcement of earnings results for its third quarter ended December 31, 2016, it plans to discuss goodwill impairment associated with the nuclear construction projects in the U.S., and to explain the impact of the current issue and its causes and countermeasures.  SCANA expects the discussion during its earnings call on February 16, 2017 will take into account relevant information disclosed by Toshiba by February 14, 2017.

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