Contact:Columbia, SC, Sept. 6, 2006 – SCANA announced today that the company has selected property in Lexington County near I-77 and 12th Street to construct a campus facility that will be ready for occupancy by the time its current lease at the Palmetto Center expires in 2009.
The company will consolidate a number of locations it currently owns or leases around the Midlands.
“Our decision to consolidate in a campus environment was driven by productivity and cost concerns,” said SCANA Chairman and CEO Bill Timmerman. “I appreciate the numerous, candid discussions we have had with the Mayor and other city officials, as well as a number of groups from Columbia that provided us with additional information to consider. At the end of the day, the economics for building a low-rise campus on land we already own was overwhelming.”
The SCANA campus will be comprised of three, 3-story buildings totaling 450,000 sq. ft., with ground-level parking. Construction of the facility is targeted to begin late summer 2007, with completion in late 2009. Approximately 1,100 employees from various locations throughout the Columbia area will relocate to the new facilities.
“Our analysis concluded that a grouping of low-rise structures with ground-level parking is the most cost-effective option. That design requires 16-20 acres with viable access, which narrowed the field of options and led to our final decision,” said Timmerman.
“County Council enthusiastically supports this and welcomes SCANA’s decision to invest in Lexington County,” said Todd Cullum, chairman of Lexington County Council. “This decision represents a new and exciting chapter in Lexington County’s history and helps to set the tone that Lexington County means business.”
SCANA has occupied the Palmetto Center building at 1426 Main Street, since 1983.
“All of us who work at the Palmetto Center have very mixed emotions about leaving the downtown area,” said Timmerman. “The intent in making our announcement this far in advance of our actual lease termination is so we can move forward in working with the central business district leadership to identify companies or firms to lease this facility, thereby minimizing economic impact to the downtown area.
“We’re only moving a few miles away and we will remain committed to the many organizations and programs that we support annually in the Columbia Metropolitan area, including the Columbia Chamber, the Central South Carolina Economic Development Alliance, the United Way, the Columbia Museum of Art and Cultural Council,” added Timmerman. “That won’t change. But what has changed are our facility needs. We’ve developed a solution that we believe will allow us to get into a new campus at a cost of operation consistent with the multiple locations we occupy today.”
SCANA Corporation, a Fortune 500 company headquartered in Columbia, S.C., is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. The company serves approximately 617,000 electric customers in South Carolina and more than one million natural gas customers in South Carolina, North Carolina and Georgia. Information about SCANA and its businesses is available on the company’s website at www.scana.com.