Slide 4 shows the basic earnings in the fourth quarter of 2011 were $0.76 per share compared to $0.74 per share in the same quarter of 2010. While operation and maintenance expenses were lower in the current quarter, those benefits were offset by the anticipated cost of our capital program, higher interest, property tax, and depreciation expense along with related share dilution.Now on Slide 5, I’d like to review results for our principal lines of business. South Carolina Electric and Gas Company’s full-year 2011 earnings, denoted in blue, were up $0.04 compared to 2010. Improved margins from increases under the Base Load Review Act offset the increased capital related cost.
SCANA's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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