10-K - SCANA Corporation

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Table of Contents Disclosure of Reportable Segments (Millions of dollars) Electric Operations Gas Distribution Retail Gas Marketing Management uses operating income to measure segment profitability for SCE&G and other regulated operations and evaluates utility plant, net, for segments attributable to SCE&G. As a result, SCE&G does not allocate interest charges, income tax expense or assets other than utility plant to its segments. For nonregulated operations, management uses income available to common shareholders as the measure of segment profitability and evaluates total assets for financial position. Interest income is not reported by segment and is not material. The Company’s deferred tax assets are netted with deferred tax liabilities for reporting purposes. The consolidated financial statements report operating revenues which are comprised of the energy-related and regulated segments. Revenues from non-reportable and nonregulated segments are included in Other Income. Therefore the adjustments to total operating revenues remove revenues from non-reportable segments. Adjustments to Income Available to Common Shareholders consist of SCE&G’s unallocated income available to common shareholders of SCANA Corporation. Segment Assets include utility plant, net for SCE&G’s Electric Operations and Gas Distribution, and all assets for PSNC Energy and the remaining segments. As a result, adjustments to assets include non-utility plant and non-fixed assets for SCE&G. Adjustments to Interest Expense, Income Tax Expense, Expenditures for Assets and Deferred Tax Assets include primarily the totals from SCANA or SCE&G that are not allocated to the segments. Interest Expense is also adjusted to eliminate charges between affiliates. Adjustments to Depreciation and Amortization consist of non-reportable segment expenses, which are not included in the depreciation and amortization reported on a consolidated basis. Expenditures for Assets are adjusted for AFC and revisions to estimated cash flows related to asset retirement obligations. Deferred Tax Assets are adjusted to net them against deferred tax liabilities on a consolidated basis. 88 Energy Marketing All Other Adjustments/ Eliminations Consolidated Total 2011 External Revenue $ 2,424 $ 840 $ 479 $ 657 $ 41 $ (32) $ 4,409 Intersegment Revenue 8 1 — 188 406 (603) — Operating Income 616 132 n/a n/a 18 47 813 Interest Expense 23 24 1 — 3 233 284 Depreciation and Amortization 271 65 3 — 25 (18) 346 Income Tax Expense 5 30 16 3 10 104 168 Income Available to Common Shareholders n/a n/a 24 4 (6) 365 387 Segment Assets 8,222 2,179 185 114 1,377 1,457 13,534 Expenditures for Assets 806 140 — 1 17 (18) 946 Deferred Tax Assets 9 12 9 9 17 (30) 26 2010 External Revenue $ 2,367 $ 979 $ 553 $ 692 $ 37 $ (27) $ 4,601 Intersegment Revenue 7 1 — 182 410 (600) — Operating Income 554 140 n/a n/a 19 55 768 Interest Expense 22 24 1 — 3 216 266 Depreciation and Amortization 263 63 4 — 29 (24) 335 Income Tax Expense (1) 28 19 2 10 101 159 Income Available to Common Shareholders n/a n/a 31 4 (6) 347 376 Segment Assets 7,882 2,161 196 116 1,322 1,291 12,968 Expenditures for Assets 752 107 — — 41 (24) 876 Deferred Tax Assets 5 11 9 5 18 (27) 21 2009 External Revenue $ 2,141 $ 948 $ 522 $ 616 $ 37 $ (27) $ 4,237 Intersegment Revenue 8 1 — 161 416 (586) — Operating Income 504 132 n/a n/a 19 44 699 Interest Expense 15 21 — — 4 193 233 Depreciation and Amortization 244 61 4 — 28 (21) 316 Income Tax Expense — 28 15 2 9 113 167 Income Available to Common Shareholders n/a n/a 24 3 (12) 333 348 Segment Assets 7,312 2,040 183 99 1,205 1,255 12,094 Expenditures for Assets 817 76 — 1 130 (110) 914 Deferred Tax Assets — 10 8 6 19 (43) —
Table of Contents 13. QUARTERLY FINANCIAL DATA (UNAUDITED) First Quarter 89 Second Quarter Third Quarter Fourth Quarter Annual 2011 Millions of dollars, except per share amounts Total operating revenues $ 1,281 $ 1,000 $ 1,092 $ 1,036 $ 4,409 Operating income 248 142 215 208 813 Income available to common shareholders 128 56 105 98 387 Basic earnings per share 1.00 .44 .81 .76 3.01 Diluted earnings per share 1.00 .43 .81 .75 2.97 2010 Millions of dollars, except per share amounts Total operating revenues $ 1,428 $ 939 $ 1,088 $ 1,146 $ 4,601 Operating income 230 137 196 205 768 Income available to common shareholders 127 54 101 94 376 Basic earnings per share 1.02 .43 .80 .74 2.99 Diluted earnings per share 1.02 .43 .79 .74 2.98
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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
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 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
Page 83 and 84: Table of Contents Equity Awards In
Page 85 and 86: Table of Contents SCE&G maintains a
Page 87: Table of Contents 11. AFFILIATED TR
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 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
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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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