Cayce, S.C., Oct. 26, 2011...SCANA Corporation (NYSE: SCG) today announced basic earnings for the third quarter of 2011 of $105 million, or 81 cents per share, compared to $101 million, or 80 cents per share, for the third quarter of 2010. The increase in earnings for the third quarter of 2011 was primarily attributable to improved margin from electric base rate increases which were partially offset by higher interest expense and share dilution.
“We are pleased that our basic earnings per share for the third quarter of 2011 were higher than last year and in line with our expectations,” said Jimmy Addison, senior vice president and chief financial officer. “In a challenging economy we continue to demonstrate growth in our customer base and discipline in our cost control.”
The full press release with financial data is available in Adobe PDF format: