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Media Contact:
Eric Boomhower
803-217-7701
eboomhower@scana.com
Investor Contacts:
Iris Griffin
803-217-6642
igriffin@scana.com
Byron Hinson
803-217-5352
bhinson@scana.com
Cayce, SC, April 27, 2011...SCANA Corporation (NYSE: SCG) today announced earnings for the first quarter of 2011 of $128 million, or $1.00 per share, compared to $127 million, or $1.02 per share, for the first quarter of 2010.
“SCANA’s retail regulated first quarter earnings, which are weather normalized, were in line with our expectations,” said Jimmy Addison, Senior Vice President and Chief Financial Officer. “The two cents net decrease in earnings was driven by warmer temperatures in our Georgia market compared to the prior year, the Natural Gas Rate Stabilization Act decrease at SCE&G that went into effect in November 2010, higher depreciation, interest, and property tax expense, and share dilution which offset improved electric margins from base rate increases.”
The full press release with financial data is available in Adobe PDF format:
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