Friday, May 7, 2010

SCANA giving customers a $25 million break - Business - TheState.com

SCANA giving customers a $25 million break - Business - TheState.com:
- krupon@thestate.com
"The Cayce-based energy giant set aside $25 million of its first-quarter revenue to give a credit on customers’ bills — a move that reduced first-quarter earnings by more than 10 percent.
“This is a very unusual event,” said Howard Silverblatt, a senior analyst with Standard & Poor’s in New York. “(If) I’m a shareholder, ‘Why are you giving away $25 million of my money?’ ”"

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