Beaufort, SC, May 10, 2004 - Company officials, local dignitaries and members of the public were on hand today as South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), officially dedicated its newest electric generating plant.
The ribbon-cutting ceremony for the $450 million, 875-megawatt combined-cycle natural gas-fired Jasper Generating Station, which began commercial operation on May 1, 2004, signaled an end to years of planning and construction. But more importantly, it heralded the addition of a new, reliable source of electricity to SCE&G's system.
SCE&G President and Chief Operating Officer Neville Lorick said the plant was an example of the company and community working together for a common goal.
"This plant represents the hard work of many people, both within our company as well as the community, and we plan to be here for a long time," Lorick said. "This plant is designed and built to a high environmental standard, and we are confident that it will be an efficient and price-competitive plant for many years to come."
The addition of the Jasper plant, the largest fossil fuel facility on SCE&G's system, increases the company's electric output to 5,775 megawatts. To put that in perspective, one megawatt of electricity is enough to power approximately 330 homes at peak electrical usage.
Lorick said the addition of the Jasper plant also reinforces the company's belief that the most reliable way to operate its system is by owning and operating its generation to produce enough electricity to successfully serve its customers.
The plant features state-of-the-art technology and is located on a 350-acre site in Jasper County, less than a quarter of a mile from a new Beaufort-Jasper Water & Sewer Authority facility, which was critical for the plant's operations.
But the plant also needed a source of natural gas. SCE&G's parent company, SCANA Corporation, solved that problem by forming SCG Pipeline, a new subsidiary that built an 18.2-mile interstate pipeline to bring in natural gas from a re-activated liquefied natural gas facility at Elba Island, GA.
"The Jasper project is a culmination of years of planning, almost two years of construction and the tireless efforts of many people," Lorick concluded.
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SCE&G is the largest subsidiary of SCANA Corporation, an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations, telecommunications and other energy-related businesses. Information about SCANA and its businesses is available on the Company's website at www.scana.com.