SCANA Management Reviews Financial and Operational Highlights, Reaffirms 2009 Earnings Guidance at Analyst Meeting
Media Contact:
Eric Boomhower

Investor Contact: 
Bryan Hatchell 

JENKINSVILLE, S.C. (April 2, 2009) – At a meeting with security analysts held today at the V.C. Summer Nuclear Station in Jenkinsville, SC, the management of SCANA Corporation (NYSE: SCG) reviewed the Company's business strategy, and the Company also reaffirmed its previous guidance that 2009 earnings will be in the range of $2.65 to $2.95 per share.

“We are fortunate to live in an area of the country that continues to grow despite these challenging economic times,” said SCANA CEO Bill Timmerman. “We see nuclear power as the clear choice to meet the ever-growing demands for electricity in South Carolina.”

SCE&G and Santee Cooper, a state-owned electric and water utility in South Carolina, have joined together to build two new nuclear units to meet future electrical demand. The units will reside on the site of the existing 966-megawatt V.C. Summer Nuclear plant, which is also co-owned by the companies. The plan calls for the first unit to be operational in 2016, the second in 2019. The two new units will be Westinghouse AP1000 units, each having a capacity of 1,117 megawatts.

Analysts from several large financial institutions heard presentations from Company officials on a variety of topics, including a financial overview of the company and the regulatory climate in South Carolina. A tour of the plant was also provided, giving visiting analysts a rare peak behind the scenes of an operating nuclear plant as well as the site for the new units.

The meeting was webcasted and a replay is available at  


South Carolina Electric & Gas Company is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 650,000 customers in 26 counties in the central, southern and southwestern portions of South Carolina. The company also provides natural gas service to approximately 307,000 customers in 34 counties in the state.

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 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 Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements concerning key earnings drivers, customer growth, environmental regulations and expenditures, leverage ratio, projections for pension fund contributions, financing activities, access to sources of capital, impacts of the adoption of new accounting rules, estimated construction and other expenditures and factors affecting the availability of synthetic fuel tax credits. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “predicts,” “potential” or “continue” or the negative of these terms or other similar terminology. 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) the information is of a preliminary nature and may be subject to further and/or continuing review and adjustment; (2) regulatory actions, particularly changes in rate regulation and environmental regulations; (3) current and future litigation; (4) changes in the economy, especially in areas served by subsidiaries of SCANA Corporation (SCANA); (5) the impact of competition from other energy suppliers, including competition from alternate fuels in industrial interruptible markets; (6) growth opportunities for SCANA’s regulated and diversified subsidiaries; (7) the results of financing efforts; (8) changes in SCANA’s or its subsidiaries’ accounting rules and accounting policies; (9) the effects of weather, including drought, especially in areas where the Company’s generation and transmission facilities are located and in areas served by SCANA's subsidiaries; (10) payment by counterparties as and when due; (11) the results of efforts to license, site and construct facilities for baseload electric generation; (12) the availability of fuels such as coal, natural gas and enriched uranium used to produce electricity; the availability of purchased power and natural gas for distribution; the level and volatility of future market prices for such fuels and purchased power; and the ability to recover the costs for such fuels and purchased power; (13) performance of SCANA’s pension plan assets; (14) inflation; (15) compliance with regulations; and (16) the other risks and uncertainties described from time to time in the periodic reports filed by SCANA or South Carolina Electric & Gas Company (SCE&G) with the United States Securities and Exchange Commission (SEC). The Company disclaims any obligation to update any forward-looking statements.