South Carolina Electric & Gas Company Announces Debt Offering
Investor Contacts:
Iris Griffin
803-217-6642
igriffin@scana.com

Byron Hinson
803-217-5352
bhinson@scana.com



Cayce, SC, January 23, 2012 --- 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, 4.350% Series due February 1, 2042. The bonds were priced to SCE&G at 99.042 percent, and are initially being offered to the public at 99.917 percent with a yield to maturity of 4.355 percent. Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, and UBS Securities LLC acted as joint book-running managers, and Deutsche Bank Securities Inc., Mitsubishi UFJ 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 to repay short-term debt primarily incurred as a result of our 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 30, 2012. 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: Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York 10010, telephone: 1-800-221-1037 (toll free); Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036, telephone: 1-866-718-1649 (toll free); or UBS Securities LLC, 299 Park Avenue, New York, New York 10171, Attention: Prospectus Specialist, telephone: 877-827-6444, ext. 561 3884 (toll free).

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.