Columbia, SC, February 12, 2009...SCANA Corporation (NYSE: SCG) today announced financial results for the fourth quarter and full year 2008.
For the year ended December 31, 2008, SCANA reported earnings of $346 million or $2.95 per share, compared to $320 million, or $2.74 per share, in 2007.
“We are very pleased with the overall results for 2008 and our ability to deliver value for our shareholders and customers and strong financial results, despite the economic challenges and temperate weather we experienced,” said Jimmy Addison, senior vice president and chief financial officer. “The Company’s 2008 earnings were $2.95 per share and met our guidance.”
“We are also pleased that we were able to execute a very successful equity offering at year-end in conjunction with the inclusion of SCANA’s common stock in the S&P 500 Index.” said Addison. The additional $100 million in equity is not reflected in the accompanying condensed financial statements, as the offering closed on January 7, 2009.
The full press release with financial data is available in Adobe PDF format: