South Carolina Electric & Gas Company Announces Debt Offering
Investor Contacts:
Iris Griffin
803-217-6642
igriffin@scana.com

Byron Hinson
803-217-5352 
bhinson@scana.com


Cayce, SC, May 17, 2011 --- South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), announced today that it sold, in a negotiated offering, $100 million principal amount of its First Mortgage Bonds, 5.450% Series due February 1, 2041 which are a part of a series of bonds having identical terms that SCE&G previously sold in January 2011. The bonds sold today were priced to SCE&G at 101.924 percent, and are initially being offered to the public at 102.799 percent with a yield to maturity of 5.262 percent. J.P. Morgan Securities LLC and Mizuho Securities USA Inc. acted as joint book-running managers, and Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and U.S. Bancorp Investments, Inc., acted as co-managers for the transaction.

SCE&G intends to apply the net proceeds from the sale of the bonds sold today, together with other funds, to the repayment of short-term debt primarily incurred as a result of its construction program, to finance capital expenditures, including costs to construct new nuclear units at the V.C. Summer Nuclear Station, and for general corporate purposes.

It is anticipated that these bonds will be issued on May 24, 2011. The transaction is subject to normal closing conditions.

Copies of a written prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended, relating to the offering of these bonds may be obtained by contacting J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: High Grade Syndicate Desk – 3rd floor.

South Carolina Electric & Gas Company is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity and in the purchase, sale and transport of natural gas in portions of South Carolina.