10-K - SCANA Corporation

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Table of Contents PART II, ITEMS 9, 9A AND 9B PART III AND PART IV 140
Table of Contents ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE Not Applicable. ITEM 9A. CONTROLS AND PROCEDURES SCANA: Evaluation of Disclosure Controls and Procedures: As of December 31, 2011, an evaluation was performed under the supervision and with the participation of SCANA’s management, including the CEO and CFO, of the effectiveness of the design and operation of SCANA’s disclosure controls and procedures. For purposes of this evaluation, disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by SCANA in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to SCANA’s management, including the CEO and CFO, as appropriate to allow timely discussions regarding required disclosure. Based on that evaluation, SCANA’s management, including the CEO and CFO, concluded that SCANA’s disclosure controls and procedures were effective as of December 31, 2011. There has been no change in SCANA’s internal controls over financial reporting during the quarter ended December 31, 2011 that has materially affected or is reasonably likely to materially affect SCANA’s internal control over financial reporting. Management’s Evaluation of Internal Control Over Financial Reporting: Pursuant to Section 404 of the Sarbanes-Oxley Act of 2002, management is required to include in this Form 10-K an internal control report wherein management states its responsibility for establishing and maintaining adequate internal control structure and procedures for financial reporting and that it has assessed, as of December 31, 2011, the effectiveness of such structure and procedures. This management report follows. MANAGEMENT REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING The management of SCANA is responsible for establishing and maintaining adequate internal control over financial reporting. SCANA’s internal control system was designed by or under the supervision of SCANA’s management, including the CEO and CFO, to provide reasonable assurance to SCANA’s management and board of directors regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Also, the effectiveness of the internal control over financial reporting may deteriorate in future periods due to either changes in conditions or declining levels of compliance with policies or procedures. SCANA’s management assessed the effectiveness of SCANA’s internal control over financial reporting as of December 31, 2011. In making this assessment, SCANA used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control—Integrated Framework. Based on this assessment, SCANA’s management believes that, as of December 31, 2011, internal control over financial reporting is effective based on those criteria. SCANA’s independent registered public accounting firm has issued an attestation report on SCANA’s internal control over financial reporting. This report follows. 141
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Table of Contents UNITED STATES SEC
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Table of Contents CAUTIONARY STATEM
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Table of Contents TERM MEANING MGP
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Table of Contents Regulated Utiliti
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Table of Contents Electric Intercon
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Table of Contents Gas Cost, Supply
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Table of Contents SCE&G holds licen
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Table of Contents PSNC Energy’s r
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Table of Contents Furthermore, rece
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Table of Contents One rating agency
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Table of Contents • Uncertainties
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Table of Contents ELECTRIC PROPERTI
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Table of Contents Litigation In May
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Table of Contents PART II ITEM 5. M
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Table of Contents SCANA CORPORATION
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Table of Contents Key Earnings Driv
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Table of Contents Retail Gas Market
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Table of Contents • 2010 vs 2009
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Table of Contents • 2011 vs 2010
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Table of Contents The Company’s c
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Table of Contents With respect to h
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Table of Contents Air Quality With
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Table of Contents Electric Operatio
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Table of Contents the effects of di
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Table of Contents substantial compl
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Table of Contents ITEM 7A. QUANTITA
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Table of Contents ITEM 8. FINANCIAL
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Table of Contents See Notes to Cons
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Table of Contents See Notes to Cons
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Table of Contents NOTES TO CONSOLID
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Table of Contents costs for turbine
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Table of Contents Fuel costs, emiss
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Table of Contents In May 2009, two
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Table of Contents Accumulated defer
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Table of Contents SCANA issued comm
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Table of Contents The difference be
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Table of Contents losses from its h
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Table of Contents The effect of der
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Table of Contents 8. EMPLOYEE BENEF
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Table of Contents The Company’s p
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Table of Contents Net Periodic Bene
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Table of Contents Equity Awards In
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Table of Contents SCE&G maintains a
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Table of Contents 11. AFFILIATED TR
Page 89 and 90: Table of Contents 13. QUARTERLY FIN
Page 91 and 92: Table of Contents ITEM 7. MANAGEMEN
Page 93 and 94: Table of Contents retain large comm
Page 95 and 96: Table of Contents • 2011 vs 2010
Page 97 and 98: Table of Contents regulations, will
Page 99 and 100: Table of Contents on its draws, whi
Page 101 and 102: Table of Contents To help mitigate
Page 103 and 104: Table of Contents The RSA allows na
Page 105 and 106: Table of Contents site of Summer St
Page 107 and 108: Table of Contents ITEM 7A. QUANTITA
Page 109 and 110: Table of Contents ITEM 8. FINANCIAL
Page 111 and 112: Table of Contents December 31, (Mil
Page 113 and 114: Table of Contents See Notes to Cons
Page 115 and 116: Table of Contents NOTES TO CONSOLID
Page 117 and 118: Table of Contents $32.7 million, of
Page 119 and 120: Table of Contents 2. RATE AND OTHER
Page 121 and 122: Table of Contents Regulatory Assets
Page 123 and 124: Table of Contents 4. LONG-TERM AND
Page 125 and 126: Table of Contents The tax effects o
Page 127 and 128: Table of Contents The fair value of
Page 129 and 130: Table of Contents 8. EMPLOYEE BENEF
Page 131 and 132: Table of Contents The pension plan
Page 133 and 134: Table of Contents Net Periodic Bene
Page 135 and 136: Table of Contents Nonvested shares
Page 137 and 138: Table of Contents Claims and Litiga
Page 139: Table of Contents Disclosure of Rep
Page 143 and 144: Table of Contents SCE&G: Evaluation
Page 145 and 146: Table of Contents ITEM 14. PRINCIPA
Page 147 and 148: Table of Contents Schedule II—Val
Page 149 and 150: Table of Contents SIGNATURES Pursua
Page 151 and 152: Table of Contents Applicable to Exh
Page 153 and 154: Exhibit 12.01 SCANA CORPORATION CAL
Page 155 and 156: Exhibit 23.01 CONSENT OF INDEPENDEN
Page 157 and 158: Exhibit 24.01 POWER OF ATTORNEY KNO
Page 159 and 160: Exhibit 31.01 CERTIFICATION I, Kevi
Page 161 and 162: Exhibit 31.03 CERTIFICATION I, Kevi
Page 163 and 164: Exhibit 32.01 SCANA CORPORATION CER
Page 165 and 166: Exhibit 32.03 SOUTH CAROLINA ELECTR
Page 167 and 168: scg-20111231.xml
Page 169 and 170: scg-20111231_cal.xml
Page 171 and 172: scg-20111231_pre.xml
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10-K - SCANA Corporation

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