Columbia, SC, June 30, 2005 -- SCANA Corporation (NYSE: SCG) announced today the Company has successfully amended $650 million in committed revolving credit facilities for three of its subsidiaries to extend the term of the existing credit facilities by an additional year.
The credit facilities consist of (1) a $400 million, 5-year revolving credit facility for South Carolina Electric & Gas Company (SCE&G); (2) a $125 million, 5-year revolving credit facility for South Carolina Fuel Company (SCFC); and (3) a $125 million, 5-year revolving credit facility for Public Service Company of North Carolina, Incorporated (PSNC Energy). These facilities will continue to be used for general corporate purposes, including liquidity support for each company's commercial paper programs and working capital needs and, in the case of SCFC, to finance or refinance the purchase of nuclear fuel, fossil fuel and sulfur dioxide emission allowances.
Wachovia Capital Markets, LLC and Banc of America Securities LLC acted as co-lead arrangers and joint-book managers for the new credit facilities.
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 www.scana.com.