March 3, 2004, Atlanta, GA, - SCANA Energy, an Atlanta-based subsidiary of SCANA Corporation (NYSE: SCG), announced today that on March 1, 2004, it completed the previously announced acquisition of approximately 50,000 retail natural gas customers formerly served by Energy America in Georgia's deregulated natural gas market. Terms of the transaction were not disclosed.
"We welcome the addition of former Energy America customers to SCANA Energy and look forward to providing them with the same excellent customer service, variety of competitive pricing plans, and billing options that our current customers are able to enjoy", said George Devlin, vice president and general manager of SCANA Energy.
The company also announced that the Georgia Public Service Commission has voted to retain SCANA Energy as the state's sole regulated natural gas provider, extending the two-year term of SCANA Energy's Regulated Division for at least another year, through August 2005.
Added Devlin, "We are grateful to the Georgia Public Service Commission for allowing SCANA Energy's Regulated Division to continue serving the state's low-income and credit-challenged natural gas consumers. Our regulated unit has been experiencing increased growth since its inception in August 2002, and we remain committed to providing natural gas service to these customers."
SCANA Energy currently has in excess of 450,000 customers throughout Georgia, including more than 52,000 low-income and high credit risk customers served by the company's Regulated Division.
SCANA Corporation, a Fortune 500 company headquartered in Columbia, SC, is 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.