SCANA Holds Analyst Meeting
Columbia, SC, May 23, 2005 - At a meeting with utility security analysts held today in New York, the management of SCANA Corporation (NYSE: SCG) reviewed the Company's strategic growth plan, discussed current financial and operational highlights, reaffirmed the Company's previous guidance for future earnings and dividend growth and reiterated the Company's commitment to the highest standards of corporate governance and fiscal responsibility in all of its operations.

William B. Timmerman, chairman and CEO, and Jimmy Addison, vice president of finance, told analysts that SCANA's core values remain central to the Company's success. They emphasized that the Company's straightforward strategic plan continues to focus on customers, employees and investors as the Company seeks to fulfill its mission to provide energy and related products to retail markets in the Southeast.

"Our highly trained and motivated employees working together to improve performance and profitability in all our businesses are directly linked to the Company's vision of world-class customer service, operational excellence and a strong market position," said Timmerman. "With more than one-and-a-half million electric and natural gas customers, we believe we are well positioned to achieve consistent and profitable growth in our Southeastern markets."

Addison reviewed the Company's lines of business, corporate governance attributes and practices and its strong financial and operating position. He updated the status of the $275 million Lake Murray back-up dam project, which is nearing completion, including the use of synthetic fuel tax credits to offset the construction costs of the project. He discussed the Company's retail natural gas base rate increase request filed in April 2005 with the South Carolina Public Service Commission as well as plans to merge the company's two natural gas transmission companies. He reviewed SCANA's first quarter 2005 financial results, noting that a substantial majority of the Company's earnings and assets are related to its regulated utility businesses. He also reaffirmed the Company's 2005 earnings guidance.

"We believe the growth strategies we have in place should enable SCANA to achieve its target of 4 - 6% average annual growth in earnings per share over the next 3-5 years," said Addison. "Based on results reported for the first quarter of this year, we expect earnings for 2005 to fall within the previously announced range of $2.65 to $2.85 per share."


Today's meeting was broadcast live over the Internet. A replay of the webcast is available through June 6, 2005 on the Company's web site at


SCANA Corporation, a Fortune 500 company headquartered in Columbia, South Carolina, is a registered holding company engaged, through subsidiaries, in regulated electric and natural gas utility operations and other diversified energy-related businesses. The Company serves approximately 590,000 electric customers in South Carolina and more than one million natural gas customers in South Carolina, North Carolina and Georgia. Information about SCANA Corporation and its businesses is available on the Company's web site at


Statements included in this press release which are not statements of historical fact are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned that any such forward looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and that actual results could differ materially from those indicated by such forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the following: (1) that the information is of a preliminary nature and may be subject to further and/or continuing review and adjustment, (2) regulatory actions or changes in the utility and non-utility regulatory environment, (3) current and future litigation, (4) changes in the economy, especially in areas served by the Company's subsidiaries, (5) the impact of competition from other energy suppliers, including competition from alternate fuels in industrial interruptible markets, (6) growth opportunities for the Company's regulated and diversified subsidiaries, (7) the results of financing efforts, (8) changes in the Company's accounting policies, (9) weather conditions, especially in areas served by the Company's subsidiaries, (10) performance of the Company's pension plan assets, (11) inflation, (12) changes in environmental regulations, (13) volatility in commodity natural gas markets and (14) the other risks and uncertainties described from time to time in the Company's periodic reports filed with the United States Securities and Exchange Commission. The Company disclaims any obligation to update any forward-looking statements.