South Carolina Electric & Gas Company Announces Debt Offering

Investor Contacts:
Iris Griffin

Byron Hinson

Cayce, SC, January 20, 2011 --- South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), announced today that it sold, in a negotiated offering, $250 million principal amount of its First Mortgage Bonds, 5.450% Series due February 1, 2041. The bonds were priced to SCE&G at 98.758 percent, and are initially being offered to the public at 99.633 percent with a yield to maturity of 5.475 percent. Merrill Lynch, Pierce, Fenner & Smith Incorporated, BB&T Capital Markets, a division of Scott and Stringfellow, LLC, Credit Suisse Securities (USA) LLC and TD Securities (USA) LLC, acted as joint book-running managers, and J.P. Morgan Securities LLC, Mizuho Securities USA Inc., and U.S. Bancorp Investments, Inc., acted as co-managers for the transaction.

SCE&G intends to apply the net proceeds from the sale of the bonds, together with other funds, to retire its First Mortgage Bonds, 6.70% Series due February 1, 2011, to repay short-term debt primarily incurred as a result of its construction program, to finance capital expenditures, including costs to construct new nuclear units at the V.C. Summer Nuclear Station, and for general corporate purposes.
It is anticipated that these bonds will be issued on January 27, 2011. The transaction is subject to normal closing conditions.
Copies of a written prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended, relating to the offering of these bonds may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, One Bryant Park, New York, NY 10036.
South Carolina Electric & Gas Company is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity and in the purchase, sale and transport of natural gas in portions of South Carolina.