This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SCANA's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Several marketers now have offerings such as a prepay service as an alternative to the regulated provider structure. Additionally, our analysis also shows that customers have been slower to connect their gas service this winter, due to the unseasonably mild temperatures.

Our Electric and Gas sales statistics can be found in the press release we filed earlier today and are available on our website.

On our weather normalize basis, electric residential sales are up approximately 1%. Industrial sales also saw improvement with an increase of a little more than 1%. Commercial sales continued to lag behind last year with a decrease of approximately 2% when weather normalized.

As we’ve mentioned previously, industrial growth typically leads, followed by residential, and then commercial. So it appears that some of the industrial activity in our area over the last couple of years has translated into residential consumption, but we’ve yet to see that in the commercial sector. These results were anticipated in our 2011 plan, and we’ve forecast similar patterns in 2012.

While we continue to see customer growth, we expect that customer usage will be slightly lower in 2012 as a result of demand side management programs, new lightbulb standards that are being phased in, more energy efficient air conditioners, and general conservation.

Read the rest of this transcript for free on seekingalpha.com

4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs