| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
0 |
| Employees |
5,989 |
| Revenues (TTM) (Millions $) |
5,598 |
| Net Income (TTM) (Millions $) |
-589 |
| Cash Flow (TTM) (Millions $) |
-20 |
| Capital Exp. (TTM) (Millions $) |
890 |
Business Description
Scana Corporation, also known as SCANA, is an American energy company primarily based in South Carolina. It was founded in 1924 and initially operated as a natural gas provider. However, it has since grown into a large corporation that specializes in creating and delivering energy services across the United States, including electricity and natural gas.
SCANA's current operating structure consists of three main business segments: Electric Operations, Gas Operations, and Other. The Electric Operations segment provides electricity to customers in South Carolina through subsidiary companies, South Carolina Electric & Gas Company (SCE&G) and South Carolina Generation and Transmission (SCG&T). This segment also owns and operates power-generating facilities such as nuclear or gas-fired power plants.
The Gas Operations segment serves more than6 million natural gas customers in South Carolina and North Carolina, producing and transporting natural gas through pipelines and storage facilities. The Other segment includes non-regulated businesses such as energy marketing and trading, fiber optic telecommunications, and propane sales.
SCANA is listed on the New York Stock Exchange and has a diverse customer base that includes industrial, commercial, and residential customers. For the past several years, SCANA has been ranked among the top 10 energy providers in the United States in terms of customer service, pricing, and reliability.
One of the biggest milestones in SCANA's history is its partnership with Santee Cooper, a state-owned electric company that serves South Carolina. In 1984, the two companies formed South Carolina Public Service Authority (SCPSA), which provided joint services for electricity generation and transmission. However, in 2017, SCANA and Santee Cooper's proposed V.C. Summer nuclear plant expansion project came to an abrupt halt, leading to a massive financial scandal that caused SCANA's stock price to plummet and ended with the company being acquired by Dominion Energy in 2019.
SCANA has a strong commitment to environmental sustainability and operates several renewable energy programs, including solar energy projects and energy-efficiency initiatives. Additionally, the company is actively involved in local communities, supporting various charitable initiatives and educational projects.
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