10-K - SCANA Corporation

Table of Contents
See Notes to Consolidated Financial Statements.
SOUTH CAROLINA ELECTRIC & GAS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
For the Years Ended December 31, (Millions of dollars) 2011 2010 2009
Operating Revenues:
Electric $ 2,432 $ 2,374 $ 2,149
Gas 387 441 420
Total Operating Revenues 2,819 2,815 2,569
Operating Expenses:
Fuel used in electric generation 922 947 822
Purchased power 19 17 17
Gas purchased for resale 240 287 276
Other operation and maintenance 515 514 490
Depreciation and amortization 286 271 255
Other taxes 183 175 162
Total Operating Expenses 2,165 2,211 2,022
Operating Income 654 604 547
Other Income (Expense):
Other income 5 12 28
Other expenses (12) (15) (11)
Interest charges, net of allowance for borrowed funds used during
construction of $7, $10 and $22 (204) (186) (164)
Allowance for equity funds used during construction 13 19 28
Total Other Expense (198) (170) (119)
Income Before Income Tax Expense 456 434 428
Income Tax Expense 140 130 140
Net Income 316 304 288
Less Net Income Attributable to Noncontrolling Interest 10 14 7
Net Income Attributable to SCE&G 306 290 281
Preferred Stock Cash Dividends Declared — — (9)
Earnings Available to Common Shareholder $ 306 $ 290 $ 272
Dividends Declared on Common Stock $ 189 $ 199 $ 179
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