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Uranium Maker Cameco Falls After Scana Cancels Nuclear Plans

Shares of uranium maker Cameco (CCJ) are falling after Scana's (SCG) principal subsidiary, South Carolina Electric & Gas Company, SCE&G, announced earlier that it's not moving ahead with its long delayed construction of a pair of new nuclear units at the V.C. Summer Nuclear Station in Jenkinsville, SC.

SCE&G pointed out the additional costs and uncertainty of tax credits as reasons for abandoning the projects.