Scana Corp
SCANA is a South Carolina corporation created in 1984 as a holding company.
SCANA holds, directly or indirectly, all of the capital stock of each of its
subsidiaries except for the preferred stock of SCE&G. SCE&G is an operating
public utility incorporated in 1924 as a South Carolina corporation.
SCANA does not directly own or operate any significant physical properties.
SCANA, through its subsidiaries, is engaged in the functionally distinct operations
described below. SCANA also has an investment in one limited liability company
(LLC) which owns and operates a cogeneration facility in Charleston, South Carolina.
Regulated Utilities
SCE&G's business experiences seasonal fluctuations, with generally higher
sales of electricity during the summer and winter months because of air conditioning
and heating requirements, and generally higher sales of natural gas during the
winter months due to heating requirements. SCE&G's electric service territory
extends into 24 counties covering nearly 16,000 square miles in the central,
southern and southwestern portions of South Carolina. The service area for natural
gas encompasses all or part of 35 counties in South Carolina and covers more
than 23,000 square miles. More than 3.0 million persons live in the counties
where SCE&G conducts its business. Resale customers include municipalities,
electric cooperatives, other investor-owned utilities, registered marketers
and federal and state electric agencies. Predominant industries served by SCE&G
include rubber and plastic, chemicals, health services, paper, retail, metal
fabrication, stone, clay and glass, engineering and management services and
textile manufacturing.
Nonregulated Businesses
The Georgia Public Service Commission (GPSC) has again selected SCANA Energy
to serve as the state’s regulated provider.
Our energy businesses are sensitive to changes in coal, gas, oil and other
commodity prices and availability. Any changes could affect the prices these
businesses charge, their operating costs and the competitive position of their
products and services. SCE&G is able to recover the cost of fuel used in
electric generation through retail customers' bills, but increases in fuel costs
affect electric prices and, therefore, the competitive position of electricity
against other energy sources. In the case of regulated natural gas operations,
costs for purchased gas and pipeline capacity are recovered through retail customers'
bills, but increases in gas costs affect total retail prices and, therefore,
the competitive position of gas relative to electricity and other forms of energy.
Increases in gas costs may also result in lower usage by customers unable to
switch to alternate fuels.