Columbia, SC, October 30, 2008...SCANA Corporation (NYSE: SCG) today announced financial results for the three and nine months ended September 30, 2008 and reaffirmed its previous guidance that 2008 earnings will be in the range of $2.90 to $3.05 per share.
For the three months ended September 30, 2008, SCANA’s reported earnings were $94 million or 80 cents per share, compared to $92 million, or 79 cents per share for the same period in 2007.
“The 1 cent per share improvement in third quarter results was primarily a result of improved electric margin driven primarily by the retail electric rate increase that was effective in January of this year and the favorable impact of continued customer growth in South Carolina,” said Jimmy Addison, senior vice president and chief financial officer. “These factors more than offset the impact of higher operating and maintenance expenses and milder weather during the quarter.”
The full press release with financial data is available in Adobe PDF format: