South Carolina Electric & Gas Company (SCE&G), principal subsidiary of
SCANA Corporation (NYSE: SCG), today announced it will continue
providing the city of Orangeburg, S.C. with approximately 190 MW of
wholesale electric power through 2010 under its existing agreement with
the city.
"The city of Orangeburg has been a valued customer since 1919,” said
SCE&G President Kevin Marsh. "We certainly welcomed the opportunity to
continue serving its power needs.”
PROFILES
South Carolina Electric & Gas Company is a regulated public utility
engaged in the generation, transmission, distribution and sale of
electricity to approximately 650,000 customers in 26 counties in the
central, southern and southwestern portions of South Carolina. The
company also provides natural gas service to approximately 307,000
customers in 34 counties in the state.
SCANA Corporation, a Fortune 500 company headquartered in Columbia, SC,
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.
SAFE HARBOR STATEMENT – SCANA CORPORATION
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.
