SCE&G & Santee Cooper Submit Application for New Nuclear Plant

COLUMBIA, S.C.--(Business Wire)--
South Carolina Electric & Gas Company (SCE&G), principal
subsidiary of SCANA Corporation (NYSE: SCG), and Santee Cooper, a
state-owned electric and water utility in South Carolina, today
submitted an application with the Nuclear Regulatory Commission (NRC)
for a combined construction and operating license (COL). The COL, once
approved, would authorize the companies to build and operate up to two
new nuclear electric generating units at the utilities' existing V.C.
Summer Nuclear Station site in Jenkinsville, S.C.

"Filing the application does not commit our two utilities to
build, but is the logical next step as we move forward with our
efforts to bring new electric generation onto our system around 2016,"
said Kevin Marsh, president of SCE&G. "We're confident that new
nuclear is the right decision for South Carolina. It's a clean, safe,
non-emitting generation choice that will ultimately result in a
significant reduction in emissions for our state."

"Nuclear power can be a key part of meeting South Carolina's
growing energy needs," said Lonnie Carter, president and CEO of Santee
Cooper. "Santee Cooper is ever mindful of our responsibility to
provide reliable, environmentally-friendly power to our two million
direct and indirect customers, and today's action represents our
ongoing plans to keep nuclear power as an option."

Development of a COL application for the new nuclear facilities
began in early 2006. Now that the application has been filed, the NRC
will begin an approximate three-to-four-year review process and could
issue the combined license in 2011. Construction could begin shortly
thereafter, subject to approval from the South Carolina Public Service
Commission, with an in-service date as early as 2016 for the first
unit. SCE&G and Santee Cooper estimate that base load generation will
be needed for both utilities at this time.

SCE&G is a member of the NuStart Energy Development consortium.
Formed in 2004 by 10 U.S. energy companies and two nuclear reactor
vendors, NuStart allows member companies and the nuclear vendors to
combine their industry experiences and expertise to contribute to the
development of reference applications for reactor technologies,
including the Westinghouse AP1000. Those applications contain standard
licensing, engineering, technical, quality, and safety information
that future applicants can use to develop their own site-specific
applications more efficiently.

PROFILES

South Carolina Electric & Gas Company is a regulated public
utility engaged in the generation, transmission, distribution and sale
of electricity to approximately 639,000 customers in 26 counties in
the central, southern and southwestern portions of South Carolina. The
company also provides natural gas service to approximately 303,000
customers in 34 counties in the state.

SCANA Corporation, a Fortune 500 company headquartered in
Columbia, S.C., is an energy-based holding company principally
engaged, through subsidiaries, in electric and natural gas utility
operations and other energy-related businesses. Information about
SCANA and its businesses is available on the Company's web site at
www.scana.com.

Santee Cooper is South Carolina's state-owned electric and water
utility and serves more than 160,000 residential and commercial
customers in Berkeley, Georgetown and Horry counties. The utility also
generates the power distributed by the state's 20 electric
cooperatives to more than 685,000 customers in all 46 counties. All
total, nearly 2 million South Carolinians receive their power directly
or indirectly from Santee Cooper. For more information, visit
www.santeecooper.com.

SAFE HARBOR STATEMENT

Statements included in this press release which are not statements
of historical fact are intended to be, and are hereby identified as,
"forward-looking statements" for purposes of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements include,
but are not limited to, statements concerning key earnings drivers,
customer growth, environmental regulations and expenditures, leverage
ratio, projections for pension fund contributions, financing
activities, access to sources of capital, impacts of the adoption of
new accounting rules, estimated construction and other expenditures
and factors affecting the availability of synthetic fuel tax credits.
In some cases, forward-looking statements can be identified by
terminology such as "may," "will," "could," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "projects,"
"predicts," "potential" or "continue" or the negative of these terms
or other similar terminology. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve a number of risks and uncertainties, and that actual
results could differ materially from those indicated by such
forward-looking statements. Important factors that could cause actual
results to differ materially from those indicated by such
forward-looking statements include, but are not limited to, the
following: (1) the information is of a preliminary nature and may be
subject to further and/or continuing review and adjustment; (2)
regulatory actions, particularly changes in rate regulation and
environmental regulations; (3) current and future litigation; (4)
changes in the economy, especially in areas served by subsidiaries of
SCANA Corporation (SCANA); (5) the impact of competition from other
energy suppliers, including competition from alternate fuels in
industrial interruptible markets; (6) growth opportunities for SCANA's
regulated and diversified subsidiaries; (7) the results of financing
efforts; (8) changes in SCANA's or its subsidiaries' accounting rules
and accounting policies; (9) the effects of weather, including
drought, especially in areas where the Company's generation and
transmission facilities are located and in areas served by SCANA's
subsidiaries; (10) payment by counterparties as and when due; (11) the
results of efforts to license, site and construct facilities for
baseload electric generation; (12) the availability of fuels such as
coal, natural gas and enriched uranium used to produce electricity;
the availability of purchased power and natural gas for distribution;
the level and volatility of future market prices for such fuels and
purchased power; and the ability to recover the costs for such fuels
and purchased power; (13) performance of SCANA's pension plan assets;
(14) inflation; (15) compliance with regulations; and (16) the other
risks and uncertainties described from time to time in the periodic
reports filed by SCANA or South Carolina Electric & Gas Company
(SCE&G) with the United States Securities and Exchange Commission
(SEC). The Company disclaims any obligation to update any
forward-looking statements.

SCANA Media Contact:
Eric Boomhower, 803-217-7701
eboomhower@scana.com
or
SCANA Investor Contact:
Bryan Hatchell, 803-217-7458
bhatchell@scana.com
or
Santee Cooper Contact:
Mollie Gore, 843-761-7093
mrgore@santeecooper.com

Copyright Business Wire 2008