Columbia, SC, October 28, 2005 - SCANA Corporation (NYSE: SCG) today announced financial results for the three and nine months ended September 30, 2005 and reaffirmed its previous guidance for 2005 full-year earnings.
Reported (GAAP) earnings for the third quarter of 2005 were $100 million, or 88 cents per share. For the same quarter in 2004, GAAP-adjusted net earnings from operations were $80 million, or 71 cents per share. The prior period GAAP- adjusted results exclude an after-tax impairment charge of approximately $15 million, or 13 cents per share, related to the Company's telecommunications investments and an after-tax charge of $11 million, or 10 cents per share, related to litigation associated with the sale of the Company's propane assets in 1999. Including those prior period items, reported (GAAP) earnings in the third quarter of 2004 were $54 million, or 48 cents per share.