Columbia, SC, July 28, 2006 - SCANA Corporation (NYSE: SCG) reported earnings for the quarter ended June 30, 2006, of $58 million, or 50 cents per share, compared to $44 million, or 39 cents per share for the same period in 2005. Reported earnings for the current quarter include approximately $5 million, or 4 cents per share, related to the favorable settlement of litigation associated with the sale of the Company’s propane assets in 1999, as more fully discussed below. Reported earnings for the second quarter of 2005 include an after-tax gain of $4 million, or 3 cents per share, related to monetization of the Company’s telecommunications investments. Excluding these items in both periods, GAAP-adjusted net earnings from operations for the second quarter of 2006 were $53 million, or 46 cents per share, compared to $40 million, or 36 cents per share, for the same period in 2005.
The complete earnings release is available as a PDF file.
Second Quarter 2006_Earnings (55 KB)