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SCANA settles SEC lawsuit (access required)

SCANA Corp. and subsidiary S.C. Electric & Gas have agreed to settle a Securities and Exchange Commission lawsuit charging the companies with defrauding investors. SCANA will pay a $25 million penalty and SCANA and SCE&G will pay $112.5 million in disgorgement plus prejudgment interest in the settlement, subject to court approval. U.S. Attorney Peter M. McCoy Jr. ...

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