April 27, 2006, Columbia, SC, - SCANA Corporation (NYSE: SCG) announced that the Company's 2006 Annual Meeting of Shareholders was held today in Columbia, South Carolina, with Chairman of the Board, President and Chief Executive Officer William B. Timmerman presiding. In his comments to shareholders, Mr. Timmerman provided an update on the Company's operations, including financial results for the first quarter of 2006 that were released to the public prior to the meeting, and discussed several corporate organizational changes that were announced publicly by the Company earlier today. During the business portion of the meeting, shareholders re-elected the following Class I Directors to SCANA's Board – James A. Bennett, William C. Burkhardt, Lynne M. Miller and Maceo K. Sloan. Terms of the Class I Directors, except Mr. Burkhardt, will expire at the Annual Meeting in 2009. Mr. Burkhardt's term will expire in 2007 when he reaches mandatory retirement age. Shareholders also elected Sharon Allred Decker as a Class III Director with a term expiring at the 2008 Annual Meeting. On December 20, 2005, the Board elected Mrs. Decker to fill the seat vacated upon the death of William B. Bookhart, Jr. in November 2005. In other business transacted during the meeting, shareholders approved the appointment of Deloitte & Touche LLP as SCANA's independent registered public accounting firm to audit the Company's 2006 financial statements.
An audio replay of the Annual Meeting is available on SCANA's web site at www.scana.com through May 11, 2006.
Immediately following the Annual Meeting, SCANA's Board of Directors met and declared the regular dividend of 42 cents per share on the Company's common stock for the quarter ending June 30, 2006. The dividend is payable July 1, 2006 to shareholders of record at the close of business on June 9, 2006.
The Board of Directors also declared the regular quarterly dividends on the following series of cumulative preferred stock of South Carolina Electric & Gas Company (SCE&G), SCANA's principal subsidiary, for the quarter ending June 30, 2006:
$50 Par Value:
56 1/4 cents per share on the 4.50 percent Series
57 1/2 cents per share on the 4.60 percent Series A
57 1/2 cents per share on the 4.60 percent Series B
62 1/2 cents per share on the 5 percent Series
64 1/16 cents per share on the 5.125 percent Series
75 cents per share on the 6 percent Series
$100 Par Value:
$1.63 per share on the 6.52 percent Series
Dividends on each series of SCE&G's cumulative preferred stock are also payable July 1, 2006 to holders of record on June 9, 2006. The 5 percent Series is the only series of cumulative preferred stock that is listed on the New York Stock Exchange - the trading symbol is "SAC Pr."
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 and other energy-related businesses. Information about SCANA is available on the Company's web site at www.scana.com.