Profile: SCANA Corp (SCG.N)
24 Feb 2017
SCANA Corporation, incorporated on October 1, 1984, is a holding company. 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 in North Carolina and South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other. The Electric Operations segment generates, transmits and distributes electricity. The Gas Distribution segment, consists of local distribution operations of South Carolina Electric & Gas Company (SCE&G) and Public Service Company of North Carolina, Incorporated (PSNC Energy), purchases and sells natural gas, primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers, and municipalities in the Southeast. All Other consists of the holding company and its other direct and indirect subsidiaries, which conduct non-regulated, energy-related operations.
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 and sales for resale, as well as to others sectors. Sales for resale include sales to approximately three municipalities and over one electric cooperative. The Company operates regulated utilities, as well as non-regulated businesses. Its regulated businesses include operations of subsidiaries, including SCE&G, South Carolina Fuel Company, Inc., South Carolina Generating Company, Inc. (GENCO) and PSNC Energy. The Company's non-regulated businesses include operations of subsidiaries, including SCANA Energy Marketing, Inc. (SEMI), ServiceCare, Inc., SCANA Services, Inc. and SCANA Corporate Security Services, Inc.
The Company's subsidiary, SCE&G is engaged in the generation, transmission, distribution and sale of electricity to approximately 698,000 customers and the purchase, sale and transportation of natural gas to approximately 347,000 customers. SCE&G's electric service territory extends into approximately 20 counties covering over 16,000 square miles in the central, southern and southwestern portions of South Carolina. The service area for natural gas encompasses approximately 30 counties in South Carolina and covers approximately 23,000 square miles. Resale customers include municipalities, electric cooperatives, other investor-owned utilities, registered marketers and federal and state electric agencies. SCE&G serves industries, including chemicals, educational services, paper products, food products, lumber and wood products, health services, textile manufacturing, rubber and miscellaneous plastic products, and automotive, tire and fabricated metal products.
The Company's subsidiary, GENCO owns Williams Station and sells electricity, pursuant to SCE&G. Fuel Company acquires, owns and provides financing for SCE&G's nuclear fuel, certain fossil fuels and emission allowances. The Company's subsidiary, PSNC Energy, purchases, sells and transports natural gas to approximately 534,000 residential, commercial and industrial customers. PSNC Energy serves approximately 30 counties covering over 12,000 square miles in North Carolina. PSNC Energy serves industries, including educational services, food products, health services, automotive, chemicals, non-woven textiles, electrical generation and construction. The Company's subsidiary, SEMI, markets natural gas in the southeast and provides energy-related services. SCANA Energy, a division of SEMI, sells natural gas to approximately 450,000 customers.
100 Scana Pkwy
CAYCE SC 29033
Company Web Links
- BRIEF-Scana Q4 earnings per share $0.19
- BRIEF-Scana receives reaffirmation from Westinghouse regarding completion of new nuclear project
- BRIEF-Scana says Public Service Commission Of South Carolina approves settlement agreement
- BRIEF-Scana Corp reports Q3 eps $1.32
- BRIEF-Scana announces offering of 2.7 mln shares under Scana Investor Plus Plan