Columbia, SC, April 26, 2007 … SCANA Corporation (NYSE: SCG) announced that the Company’s 2007 Annual Meeting of Shareholders was held today in Charleston, 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 2007 that were released to the public prior to the meeting. During the business portion of the meeting, shareholders re-elected the following Class II Directors to SCANA’s Board – W. Hayne Hipp, Harold C. Stowe and G. Smedes York. Terms of the Class II Directors, except Mr. Hipp, will expire at the Annual Meeting in 2010. Mr. Hipp’s term will expire at the Annual Meeting in 2009, which is the meeting preceding his reaching mandatory retirement age. 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 2007 financial statements.
An audio replay of the Annual Meeting is available on SCANA’s web site at www.scana.com through May 11, 2007.
Immediately following the Annual Meeting, SCANA’s Board of Directors met and declared the regular quarterly dividend of 44 cents per share on the Company’s common stock for the quarter ending June 30, 2007. The dividend is payable July 1, 2007 to shareholders of record at the close of business on June 11, 2007.
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, 2007:
$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, 2007 to holders of record on June 11, 2007. The 5 percent Series is the only series of SCE&G’s cumulative preferred stock that is listed on the New York Stock Exchange. Effective May 1, 2007, the trading symbol for the 5 percent Series will change from "SAC Pr" to “SCG 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.