10-K - SCANA Corporation

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Table of Contents ITEM 6. SELECTED FINANCIAL DATA As of or for the Year Ended December 31, 2011 2010 2009 2008 2007 (Millions of dollars, except statistics and per share amounts) SCANA: Statement of Income Data Operating Revenues $ 4,409 $ 4,601 $ 4,237 $ 5,319 $ 4,621 Operating Income $ 813 $ 768 $ 699 $ 710 $ 633 Other Expense $ (258) $ (233) $ (175) $ (176) $ (153) Preferred Stock Dividends $ — $ — $ (9) $ (7) $ (7) Income Available to Common Shareholders $ 387 $ 376 $ 348 $ 346 $ 320 Common Stock Data Weighted Average Common Shares Outstanding (Millions) 128.8 125.7 122.1 117.0 116.7 Basic Earnings Per Share $ 3.01 $ 2.99 $ 2.85 $ 2.95 $ 2.74 Diluted Earnings Per Share $ 2.97 $ 2.98 $ 2.85 $ 2.95 $ 2.74 Dividends Declared Per Share of Common Stock $ 1.94 $ 1.90 $ 1.88 $ 1.84 $ 1.76 Balance Sheet Data Utility Plant, Net $ 10,047 $ 9,662 $ 9,009 $ 8,305 $ 7,538 Total Assets $ 13,534 $ 12,968 $ 12,094 $ 11,502 $ 10,165 Total Equity $ 3,889 $ 3,702 $ 3,408 $ 3,045 $ 2,960 Short-term and Long-term Debt $ 5,306 $ 4,909 $ 4,846 $ 4,698 $ 3,852 Other Statistics Electric: Customers (Year-End) 664,196 660,580 654,766 649,571 639,258 Total sales (Million KWh) 24,188 24,884 23,104 24,284 24,885 Generating capability-Net MW (Year-End) 5,642 5,645 5,611 5,695 5,749 Territorial peak demand-Net MW 4,885 4,735 4,557 4,789 4,926 Regulated Gas: Customers, excluding transportation (Year-End) 803,644 794,841 782,192 774,502 759,336 Sales, excluding transportation (Thousand Therms) 812,416 931,879 832,931 848,568 823,976 Transportation customers (Year-End) 492 491 482 474 446 Transportation volumes (Thousand Therms) 1,585,202 1,546,234 1,388,096 1,366,675 1,369,684 Retail Gas Marketing: Retail customers (Year-End) 455,258 464,123 455,198 459,250 484,565 Firm customer deliveries (Thousand Therms) 341,554 402,583 347,324 356,288 340,743 Nonregulated interruptible customer deliveries (Thousand Therms) 1,845,327 1,728,161 1,628,942 1,526,933 1,548,878 SCE&G: Statement of Income Data Operating Revenues $ 2,819 $ 2,815 $ 2,569 $ 2,816 $ 2,481 Operating Income $ 654 $ 604 $ 547 $ 559 $ 498 Other Expense $ (198) $ (170) $ (119) $ (122) $ (117) Preferred Stock Dividends $ — $ — $ (9) $ (7) $ (7) Earnings Available to Common Shareholders $ 306 $ 290 $ 272 $ 273 $ 245 Balance Sheet Data Utility Plant, Net $ 8,588 $ 8,198 $ 7,595 $ 6,905 $ 6,202 Total Assets $ 11,037 $ 10,574 $ 9,813 $ 9,052 $ 7,977 Total Equity $ 3,773 $ 3,541 $ 3,259 $ 2,799 $ 2,711 Short-term and Long-term Debt $ 3,753 $ 3,440 $ 3,430 $ 3,320 $ 2,593 Other Statistics Electric: Customers (Year-End) 664,273 660,642 654,830 649,636 639,312 Total sales (Million KWh) 24,200 24,887 23,107 24,287 24,888 Generating capability-Net MW (Year-End) 5,642 5,645 5,611 5,695 5,749 Territorial peak demand-Net MW 4,885 4,735 4,557 4,789 4,926 Regulated Gas: Customers, excluding transportation (Year-End) 316,683 313,346 309,687 307,074 302,469 Sales, excluding transportation (Thousand Therms) 407,073 447,057 399,752 416,075 407,204 Transportation customers (Year-End) 155 148 130 120 115 Transportation volumes (Thousand Therms) 192,492 190,931 217,750 64,034 27,113 28
Table of Contents SCANA CORPORATION Page Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 30 Overview 30 Results of Operations 33 Liquidity and Capital Resources 38 Environmental Matters 42 Regulatory Matters 45 Critical Accounting Policies and Estimates 46 Other Matters 48 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 51 Item 8. Financial Statements and Supplementary Data 53 Report of Independent Registered Public Accounting Firm 53 Consolidated Balance Sheets 54 Consolidated Statements of Income 56 Consolidated Statements of Cash Flows 57 Consolidated Statements of Changes in Common Equity and Comprehensive Income 58 Notes to Consolidated Financial Statements 59 29
Page 1 and 2: Table of Contents UNITED STATES SEC
Page 3 and 4: Table of Contents CAUTIONARY STATEM
Page 5 and 6: Table of Contents TERM MEANING MGP
Page 7 and 8: Table of Contents Regulated Utiliti
Page 9 and 10: Table of Contents Electric Intercon
Page 11 and 12: Table of Contents Gas Cost, Supply
Page 13 and 14: Table of Contents SCE&G holds licen
Page 15 and 16: Table of Contents PSNC Energy’s r
Page 17 and 18: Table of Contents Furthermore, rece
Page 19 and 20: Table of Contents One rating agency
Page 21 and 22: Table of Contents • Uncertainties
Page 23 and 24: Table of Contents ELECTRIC PROPERTI
Page 25 and 26: Table of Contents Litigation In May
Page 27: Table of Contents PART II ITEM 5. M
Page 31 and 32: Table of Contents Key Earnings Driv
Page 33 and 34: Table of Contents Retail Gas Market
Page 35 and 36: Table of Contents • 2010 vs 2009
Page 37 and 38: Table of Contents • 2011 vs 2010
Page 39 and 40: Table of Contents The Company’s c
Page 41 and 42: Table of Contents With respect to h
Page 43 and 44: Table of Contents Air Quality With
Page 45 and 46: Table of Contents Electric Operatio
Page 47 and 48: Table of Contents the effects of di
Page 49 and 50: Table of Contents substantial compl
Page 51 and 52: Table of Contents ITEM 7A. QUANTITA
Page 53 and 54: Table of Contents ITEM 8. FINANCIAL
Page 55 and 56: Table of Contents See Notes to Cons
Page 57 and 58: Table of Contents See Notes to Cons
Page 59 and 60: Table of Contents NOTES TO CONSOLID
Page 61 and 62: Table of Contents costs for turbine
Page 63 and 64: Table of Contents Fuel costs, emiss
Page 65 and 66: Table of Contents In May 2009, two
Page 67 and 68: Table of Contents Accumulated defer
Page 69 and 70: Table of Contents SCANA issued comm
Page 71 and 72: Table of Contents The difference be
Page 73 and 74: Table of Contents losses from its h
Page 75 and 76: Table of Contents The effect of der
Page 77 and 78: Table of Contents 8. EMPLOYEE BENEF
Page 79 and 80:
Table of Contents The Company’s p
Page 81 and 82:
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
Page 87 and 88:
Table of Contents 11. AFFILIATED TR
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Table of Contents 13. QUARTERLY FIN
Page 91 and 92:
Table of Contents ITEM 7. MANAGEMEN
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Table of Contents retain large comm
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Table of Contents • 2011 vs 2010
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Table of Contents regulations, will
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Table of Contents on its draws, whi
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Table of Contents To help mitigate
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Table of Contents The RSA allows na
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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
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Table of Contents NOTES TO CONSOLID
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Table of Contents $32.7 million, of
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Table of Contents 2. RATE AND OTHER
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Table of Contents Regulatory Assets
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Table of Contents 4. LONG-TERM AND
Page 125 and 126:
Table of Contents The tax effects o
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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
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Table of Contents Net Periodic Bene
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Table of Contents Nonvested shares
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Table of Contents Claims and Litiga
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Table of Contents Disclosure of Rep
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Table of Contents ITEM 9. CHANGES I
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Table of Contents SCE&G: Evaluation
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Table of Contents ITEM 14. PRINCIPA
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Table of Contents Schedule II—Val
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Table of Contents SIGNATURES Pursua
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Table of Contents Applicable to Exh
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Exhibit 12.01 SCANA CORPORATION CAL
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Exhibit 23.01 CONSENT OF INDEPENDEN
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Exhibit 24.01 POWER OF ATTORNEY KNO
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Exhibit 31.01 CERTIFICATION I, Kevi
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Exhibit 31.03 CERTIFICATION I, Kevi
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Exhibit 32.01 SCANA CORPORATION CER
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Exhibit 32.03 SOUTH CAROLINA ELECTR
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scg-20111231.xml
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scg-20111231_cal.xml
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scg-20111231_pre.xml
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10-K - SCANA Corporation

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