Profile: SCANA Corp (SCG.N)
24 May 2013
SCANA Corporation, October 1, 1984, is a holding company. The Company, through its wholly owned regulated subsidiaries, is primarily engaged in the generation, transmission, distribution and sale of electricity in parts of South Carolina and in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina. The Company operates in five segments: Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and all other. Through a wholly owned non-regulated subsidiary, it markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast. Other wholly owned non-regulated subsidiaries provide fiber optic and other telecommunications services and provide service contracts to homeowners on certain home appliances and heating and air conditioning units. A service company subsidiary of SCANA provides administrative, management and other services to SCANA and its subsidiaries.
Carolina Gas Transmission Corporation (CGT) operates as an open access, transportation-only interstate pipeline company regulated by United States Federal Energy Regulatory Commission (FERC). CGT operates in southeastern Georgia and in South Carolina and has interconnections with Southern Natural at Port Wentworth, Georgia and with Southern LNG, Inc. at Elba Island, near Savannah, Georgia. CGT also has interconnections with Southern Natural in Aiken County, South Carolina, and with Transco in Cherokee and Spartanburg counties, South Carolina. SCANA Energy Marketing, Inc. (SEMI) markets natural gas primarily in the southeast and provides energy- related risk management services. SCANA Energy, a division of SEMI, sells natural gas to approximately 455,000 customers (as of December 31, 2011, and includes approximately 80,000 customers in its regulated division) in Georgia’s natural gas market. SCANA Energy’s contract to serve as Georgia’s regulated provider of natural gas has been renewed by the Georgia Public Service Commission (GPSC) through August 31, 2014. SCANA Communications, Inc. (SCI) owns and operates a 500-mile fiber optic telecommunications network and Ethernet network and data center facilities in South Carolina. Through a joint venture, SCI has an interest in an additional 2,280 miles of fiber in South Carolina, North Carolina and Georgia. SCI also provides tower site construction, management and rental services in South Carolina and North Carolina.
SCE&G’s natural gas system consists of 16,549 miles of distribution mains and related service facilities. SCE&G also owns two LNG plants, one located near Charleston, South Carolina, and the other in Salley, South Carolina. The Charleston facility can liquefy up to six million cubic feet per day and store the liquefied equivalent of 980 million cubic feet of natural gas. The Salley facility can store the liquefied equivalent of 900 million cubic feet of natural gas and has no liquefying capabilities. The Liquefied Natural Gas (LNG) facilities have the capacity to regasify approximately 60 million cubic feet per day at Charleston and 90 MMCF per day at Salley. CGT’s natural gas system consists of 1,469 miles of transmission pipeline of up to 24 inches in diameter. CGT’s system transports gas to its customers from the transmission systems of Southern Natural and Transco and from Port Wentworth and Elba Island, Georgia. PSNC Energy owns, through a wholly owned subsidiary, 17% of Pine Needle LNG Company, LLC. Pine Needle owns and operates a liquefaction, storage and regasification facility in North Carolina.
The electric operations segment is comprised of the electric operations of SCE&G, South Carolina Generating Company, Inc. (GENCO) and Fuel Company, and is primarily engaged in the generation, transmission, distribution and sale of electricity in South Carolina, and is regulated by the Public Service Commission of South Carolina (SCPSC) and FERC. South Carolina Electric & Gas Company (SCE&G) is engaged in the generation, transmission, distribution and sale of electricity to approximately 664,000 customers and the purchase, sale and transportation of natural gas to approximately 317,000 customers (each as of December 31, 2011). GENCO owns Williams Station and sells electricity solely to SCE&G. GENCO owns a coal-fired generating station and sells electricity solely to SCE&G. Fuel Company acquires, owns and provides financing for SCE&G’s nuclear fuel, certain fossil fuels and emission allowances. SCE&G purchases all of the electric generation of GENCO’s Williams Station under a Unit Power Sales Agreement which has been approved by FERC. Williams Station has a net generating capacity (summer rating) of 605 megawatts.
Gas Distribution is engaged in the purchase and sale, primarily at retail, of natural gas. Public Service Company of North Carolina, Incorporated (PSNC Energy) purchases, sells and transports natural gas to approximately 487,000 residential, commercial and industrial customers (as of December 31, 2011). PSNC Energy serves 28 franchised counties covering 12,000 square miles in North Carolina. The gas distribution segment, comprised of the local distribution operations of SCE&G and PSNC Energy, is primarily engaged in the purchase, transportation and sale of natural gas to retail customers in portions of North Carolina and South Carolina. At December 31, 2011 this segment provided natural gas to approximately 804,000 customers in areas covering 34,600 square miles.
SCE&G purchases natural gas under contracts with producers and marketers in both the spot and long-term markets. The gas is delivered to South Carolina through firm transportation agreements with Southern Natural, Transco and CGT. SCE&G was allocated 5,437 million cubic feet of natural gas storage capacity on Southern Natural and Transco. Approximately 4,213 million cubic feet of gas were in storage on December 31, 2011.
Retail Gas Marketing
Retail Gas Marketing markets natural gas in Georgia and is regulated as a marketer by the GPSC. Energy Marketing markets natural gas to industrial and large commercial customers and municipalities, primarily in the Southeast. SCANA Energy, a division of SEMI, comprises the retail gas marketing segment. This segment markets natural gas to approximately 455,000 customers throughout Georgia. As of December 31, 2011, and includes approximately 80,000 customers in its regulated division. SCANA Energy and SCANA’s other natural gas distribution and marketing segments maintain gas inventory.
The divisions of SEMI excluding SCANA Energy comprise the energy marketing segment. This segment markets natural gas primarily in the southeast and provides energy-related risk management services to customers.
1426 Main Street
COLUMBIA SC 29201