SCEG OATT Formula Transmission Rate Filing.pdf - SCANA ...

20091231-0037 FERC PDF (Unofficia1) 12/29/2009
Exhibit No. SCE-4
PC>'\N""ER. FOR LIVING
SCANA Corporation and Subsidiaries
Security Credit Ratings
As o(Juiv 14.2009
Moody's(3) Standard & Poor's (\) Fitch (2)
SCANA Corporation
Issuer Rating/Corporate Credit Rating/Issuer Default Rating
Senior Unsecured Debt (Medium-Tenn Notes)
Rating Outlook
Baa2
Baa2
negative
BBB+
BBB
stable
BBB+
BBB+
stable
South Carolina Electric & Gas Company
Issuer Rating/Corporate Credit Rating/Issuer Default Rating
Senior Secured Debt (First Mortgage Bonds)
Senior Unsecured Debt
Short-Tenn Debt (Commercial Paper)
Preferred Stock
Rating Outlook
Baal
A3
Baal
P-2
Baa3
negative
BBB+
BBB+
A- A
BBB+ A-
A-2 F-2
BBB-
BBB+
stable
stable
South Carolina Fuel Company
Short-Tenn Debt (Commercial Paper) P-2
A-2 F-2
PSNC Energy
Issuer Rating/Corporate Credit Rating/Issuer Default Rating
Senior Unsecured Debt
A3
Short-Tenn Debt (Commercial Paper) P-2
Rating Outlook
negative
BBB+
BBB+
A-2
stable
BBB+
A-
F-2
stable
Recent Actions:
(I) On April 22, 2009, S&P downgraded SCANA and its rated subsidiaries one notch with the exception of
SCE&G Senior Secured Debt (First Mortgage Bonds). Short-tenn debt at rated subsidiaries remains at A-2.
S&P also revised its long-tenn ratings Outlook from Negative to Stable.
(2) On June 25, 2009, Fitch downgraded SCANA and its rated subsidiaries one notch and affinned all shorttenn
ratings on SCANA and its rated subsidiaries to F-2. Fitch also revised its long-tenn ratings Outlook
from Negative to Stable.
(3) On July 14,2009, Moody's downgraded SCANA and South Carolina Electric& Gas Company (SCE&G)
one notch. Short-tenn debt (Commercial Paper) ratings remain at P-2. Moody's affinned the ratings for
PSNC and South Carolina Fuel Company (SCFC). Moody's also revised its long-tenn ratings Outlook
from Stable to Negative for SCANA and its rated subsidiaries.
SCANA Investor Relations