SCE&G to Redeem All Outstanding Preferred Stock
Investor Contacts:

Bryan Hatchell

Betty Best 

Cayce, SC, November 30, 2009…South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE: SCG), announced today that on December 30, 2009, it will redeem for cash all outstanding shares of its cumulative preferred stock representing an aggregate par value of $113.4 million. Shareholders will receive the redemption price as well as accrued and unpaid dividends up to the date of redemption as shown in the table below. Redemption notices for each series of preferred stock were mailed to shareholders on November 30, 2009. The seven series of cumulative preferred stock to be redeemed, and redemption prices thereof, are as follows:

Series CUSIP
Par Value Redemption 
Per Share
Per Share 
4.50% 837004 209      $ 50              $ 51.00       $0.5503       241
4.60% (A)   837004 886     $ 50     $ 51.00       $0.5625 1,878
4.60% (B) 837004 837     $ 50     $ 50.50       $0.5625 30,237
5% 837004 308     $ 50     $ 52.50       $0.6114 125,209
5.125% Private     $ 50     $ 51.00       $0.6267 58,516
6% Private     $ 50     $ 50.50       $0.7337 51,095
6.52% 837004 829     $100     $100.00       $1.5946 1,000,000

The redemption/paying agents are:

SCANA Corporation
Shareholder Services D131
Columbia, SC 29218

The Bank of New York Mellon
Trust Company, N.A.
Corporate Trust Operations
Main Floor Window – 1E
101 Barclay Street, 1 East
New York NY 10286
Attention: Rolando Salazar


South Carolina Electric & Gas Company is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 654,000 customers in 26 counties in the central, southern and southwestern portions of South Carolina. The company also provides natural gas service to approximately 306,000 customers in 34 counties in the state.

SCANA Corporation, a Fortune 500 company headquartered in Cayce, 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. 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 short- and long-term financing efforts, including future prospects for obtaining access to capital markets and other sources of liquidity; (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, construct and finance 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.