Columbia, SC, April 23, 2009 … SCANA Corporation (NYSE: SCG) announced that the Company’s 2009 Annual Meeting of Shareholders was held today in Greenville, 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 2009 that were released to the public prior to the meeting.
Mr. Timmerman announced that Director W. Hayne Hipp was retiring from the board today, after 26 years of service, pursuant to the Company’s retirement policy for Directors. Additionally, Mr. Frank Mood, while continuing with the Company, is leaving the office of Senior Vice President and General Counsel. Mr. Mood has been with the Company since 2005. Ronald T. Lindsay, Senior Vice President and Deputy General Counsel, was appointed General Counsel following the meeting.
During the business portion of the meeting, shareholders re-elected the following Class I Directors to SCANA’s Board – James A. Bennett, Lynne M. Miller, James W. Roquemore and Maceo K. Sloan. Terms of the Class I Directors will expire at the Annual Meeting in 2012. 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 2009 financial statements.
Immediately following the Annual Meeting, SCANA’s Board of Directors met and declared the regular quarterly dividend of 47 cents per share on the Company’s common stock for the quarter ending June 30, 2009. The dividend is payable July 1, 2009 to shareholders of record at the close of business on June 10, 2009.
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, 2009:
$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, 2009 to holders of record on June 10, 2009. The 5 percent Series is the only series of SCE&G’s cumulative preferred stock that is listed on the New York Stock Exchange - the trading symbol is “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.