Profile: SCANA Corp (SCG.N)

SCG.N on New York Stock Exchange

55.75USD
3 Mar 2015
Change (% chg)

$0.19 (+0.34%)
Prev Close
$55.56
Open
$55.51
Day's High
$55.83
Day's Low
$55.00
Volume
366,459
Avg. Vol
250,917
52-wk High
$65.57
52-wk Low
$47.81

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SCANA Corporation., incorporated on October 1, 1984, is a holding company. The Company does not directly own and operate any significant physical properties. The Company, through its subsidiaries, is engaged in operations including generation, transmission, distribution and sale of electricity and the purchase, sale and transportation of natural gas. The Company also markets natural gas primarily in the southeast and provides energy-related risk management services. The Company, through its subsidiaries, supplies electricity to Residential, Commercial, Industrial, Sales for resale, as well as to others sectors. Sales for resale include sales to three municipalities and one electric cooperative. The Company operates Regulated Utilities as well as Non-regulated Businesses.

Regulated Utilities

The Company’s subsidiary, SCE&G is engaged in the generation, transmission, distribution and sale of electricity to approximately 678,000 customers and the purchase, sale and transportation of natural gas to approximately 329,000 customers, as of December 2013. SCE&G’s business experiences seasonal fluctuations, with sales of electricity during the summer and winter months because of air conditioning and heating requirements, and sales of natural gas during the winter months due to heating requirements. SCE&G’s electric service territory extends into approximately 24 counties covering nearly 17,000 square miles in the central, southern and southwestern portions of South Carolina. The service area for natural gas encompasses approximately 35 counties in South Carolina and covers approximately 22,600 square miles. Resale customers include municipalities, electric cooperatives, other investor-owned utilities, registered marketers and federal and state electric agencies. Predominant industries served by SCE&G include chemicals, educational services, paper products, food products, lumber and wood products, health services, textile manufacturing, rubber and miscellaneous plastic products and fabricated metal products.

The Company’s subsidiary, PSNC Energy, purchases, sells and transports natural gas to approximately 509,000 residential, commercial and industrial customers, as of December 31, 2013. PSNC Energy serves 28 counties covering over 12,000 square miles in North Carolina. The predominant industries served by PSNC Energy include educational services, food products, health services, automotive, chemicals, non-woven textiles, electrical generation and construction.

The Company’s subsidiary, CGT, operates as an open access, transportation-only interstate pipeline company regulated by the United States Federal Energy Regulatory Commission. 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. CGT’s customers include SCE&G which uses natural gas for electricity generation and for gas distribution to retail customers, SEMI which markets natural gas to industrial and sale for resale customers, primarily in the Southeast, municipalities, county gas authorities, federal and state agencies, marketers, power generators and industrial customers primarily engaged in the manufacturing or processing of ceramics, paper, metal, and textiles.

Nonregulated Businesses

The Company’s subsidiary, SEMI, markets natural gas in the southeast and provides energy-related risk management services. SCANA Energy, a division of SEMI, sells natural gas to approximately 454,000 customers, as of December 31, 2013, and includes approximately 68,000 customers in its regulated division in Georgia’s natural gas market. SCANA Energy’s total customer base represents an approximately 30% share of the approximately 1.5 million customers in Georgia’s deregulated natural gas market.

Company Address

SCANA Corp

100 Scana Pkwy
CAYCE   SC   29033-3712
P: +1803.2179000

Company Web Links

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