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SCANA Reports Financial Results For Second Quarter

Stocks in this article: SCG

PSNC Energy

PSNC Energy, the Company’s North Carolina-based retail natural gas distribution subsidiary, reported a seasonal loss of less than $1 million, or 1 cent per share, in the current quarter, unchanged from 2010. At June 30, 2011, PSNC Energy was serving approximately 475,000 natural gas customers, an increase of 1.6 percent over the previous year.

SCANA Energy - Georgia

SCANA Energy, the Company’s retail natural gas marketing business in Georgia, reported a seasonal loss of $3 million, or 2 cents per share, in the second quarter of 2011, compared to a loss of $6 million, or 5 cents per share, in the same quarter last year. This improvement is driven primarily by increased margins due to cooler weather early in the quarter compared to last year and lower operating expenses. At June 30, 2011, SCANA Energy was serving approximately 460,000 customers, maintaining its position as the state’s second largest natural gas marketer.

Corporate and Other, Net

SCANA’s corporate and other businesses, which include Carolina Gas Transmission, SCANA Communications, ServiceCare, SCANA Energy Marketing and the holding company, reported a loss in the second quarter of 2011 of $2 million, or 1 cent per share, unchanged from 2010.


SCANA will host its quarterly conference call for security analysts at 2:00 p.m. ET on Thursday, August 4, 2011. The call-in numbers for the conference call are 1-866-271-0675 (US/Canada) and 1-617-213-8892 (International). The passcode is 74879950. Participants should call in 5 to 10 minutes prior to the scheduled start time. A replay of the conference call will be available approximately 2 hours after conclusion of the call through August 18, 2011. The telephone replay numbers are 1-888-286-8010 (US/Canada) and 1-617-801-6888 (International). The passcode for the telephone replay is 83382813.

All interested persons, including investors, media and the general public, may listen to a live webcast and access related presentation materials of the conference call at the Company’s website at Participants should go to the website at least 5 to 10 minutes prior to the call start time and follow the instructions. A replay of the conference call and a transcript will also be available on the Investor Relations section of the website approximately 2 hours after conclusion of the call through August 18, 2011.


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