First Quarter 2013 SCANA CORPORATION · other risks and uncertainties described from time to time in the periodic reports filed by SCANA or SCE&G with the United States Securities

First Quarter 2013 | Earnings Conference Call |

First Quarter 2013 | SCANA CORPORATION

Jimmy Addison CFO

Steve Byrne COO - SCE&G


Statements included in this presentation which are not statements of historical fact are intended to be, and are hereby identified as, “forward-

looking statements” for purposes of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of

1934, as amended. Forward-looking statements include, but are not limited to, statements concerning key earnings drivers, customer growth,

environmental regulations and expenditures, leverage ratio, projections for pension fund contributions, financing activities, access to sources of

capital, impacts of the adoption of new accounting rules and estimated construction and other expenditures. In some cases, forward-looking

statements can be identified by terminology such as “may,” “will,” “could,” “should,” “expects,” “forecasts,” “plans,” “anticipates,” “believes,”

“estimates,” “projects,” “predicts,” “potential” or “continue” or the negative of these terms or other similar terminology. Readers are cautioned that

any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and that actual

results could differ materially from those indicated by such forward-looking statements. Important factors that could cause actual results to differ

materially from those indicated by such forward-looking statements include, but are not limited to, the following: (1) the information is of a

preliminary nature and may be subject to further and/or continuing review and adjustment; (2) regulatory actions, particularly changes in rate

regulation, regulations governing electric grid reliability, environmental regulations, and actions affecting the construction of new nuclear units; (3)

current and future litigation; (4) changes in the economy, especially in areas served by subsidiaries of SCANA; (5) the impact of competition from

other energy suppliers, including competition from alternate fuels in industrial markets; (6) the impact of conservation and demand side

management efforts and/or technological advances on customer usage; (7) growth opportunities for SCANA’s regulated and diversified

subsidiaries; (8) the results of short- and long-term financing efforts, including prospects for obtaining access to capital markets and other

sources of liquidity; (9) changes in SCANA’s or its subsidiaries’ accounting rules and accounting policies; (10) the effects of weather, including

drought, especially in areas where the generation and transmission facilities of SCANA and its subsidiaries (the Company) are located and in

areas served by SCANA's subsidiaries; (11) payment and performance by counterparties and customers as contracted and when due; (12) the

results of efforts to license, site, construct and finance facilities for electric generation and transmission; (13) maintaining creditworthy joint

owners for SCE&G’s new nuclear generation project; (14) the ability of suppliers, both domestic and international, to timely provide the labor,

components, parts, tools, equipment and other supplies needed, at agreed upon prices, for our construction program, operations and

maintenance; (15) the results of efforts to ensure the physical and cyber security of key assets and processes; (16) the availability of fuels such

as coal, natural gas and enriched uranium used to produce electricity; the availability of purchased power and natural gas for distribution; the

level and volatility of future market prices for such fuels and purchased power; and the ability to recover the costs for such fuels and purchased

power; (17) the availability of skilled and experienced human resources to properly manage, operate, and grow the Company’s businesses; (18)

labor disputes; (19) performance of SCANA’s pension plan assets; (20) changes in taxes; (21) inflation or deflation; (22) compliance with

regulations; (23) natural disasters and man-made mishaps that directly affect our operations or the regulations governing them; and (24) the

other risks and uncertainties described from time to time in the periodic reports filed by SCANA or SCE&G with the United States Securities and

Exchange Commission. The Company disclaims any obligation to update any forward-looking statements. During this presentation, certain non-GAAP measures (as defined by SEC Regulation G) may be disclosed. A reconciliation of those measures to the

most directly comparable GAAP measures is included on our website at www.scana.com in the Investor Relations section under Regulation G

Information.

2

| Safe Harbor Statement/Regulation G Information


• $1.13 (2013) Vs. $0.93 (2012) EPS for the First Quarter

Basic Earnings

Q1 2013 Variances Vs. Q1 2012

$0.50

$0.60

$0.70

$0.80

$0.90

$1.00

$1.10

$1.20

$1.30

Q1 2012 Basic EPS

Electric Margin

Gas Margin

O&M Expense

Interest, Net of AFC

Depreciation Dilution Q1 2013 Basic EPS

Other Taxes

Other

$.93

$1.13

3

| 1st Quarter

+.14

-.01 -.01 -.02

-.02 -.01

+.16

-.03

First Quarter 2013 | Earnings Conference Call | 4

| Basic Earnings per Share by Company

Q1 2013 Q1 2012

SCE&G $0.68 $0.55

PSNC $0.24 $0.24

SEGA $0.16 $0.09

Corporate & Other $0.05 $0.05

First Quarter 2013

$0.93

$1.13


| Sales & Economic Trends

0.8%

0.6%

0.9% 0.8%

1.5% 1.5%

1.8% 1.8%

1.9%

2.0% 2.0%

2.2%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

Q2 2012 Q3 2012 Q4 2012 Q1 2013

Customer Growth Year over Year Change

SCE&G Electric SCE&G Gas PSNC

• Economic announcements in 2013:

• SC Territory:

– Approximately $1.1 billion investment

– Approximately 2,580 projected jobs

• NC Territory:

– Approximately $49 million investment

– Approximately 94 projected jobs

12 Months Ended

March 2013

Weather Adjusted Change

Sales:

Residential 2.5%

Commercial 0.7%

Industrial * (0.9)%*

Other

Total Retail Sales

2.1%

1.0%*

* Industrial sales are down due to decreased production by a major

customer due to a fire at their facility. This customer came back

online in October 2012. Excluding the impact of the fire, we estimate

industrial sales would have increased approximately 0.5%, while

total weather normalized retail sales would have increased

approximately 1.4%.

Weather Normalized Sales Growth


Note: Reflects new nuclear capex as filed February 2013 in BLRA Quarterly Report

| CAPEX Estimated

2013E

2014E 2015E

TOTAL

($ in Millions)

SCE&G - Normal

Generation $ 135 $ 127 $ 125 $ 387

Transmission & Distribution 218 216 270 704

Other 9 11 18 38

Gas 51 50 52 153

Common 8 7 5 20

Total SCE&G - Normal 421 411 470 1,302

PSNC Energy 106 127 72 305

Other 47 58 49 154

Total "Normal" 574 596 591 1,761

New Nuclear (BLRA 02/13) 957 980 867 2,804

Cash Requirements for Construction 1,531 1,576 1,458 4,565

Nuclear Fuel 108 55 39 202

Total Estimated Capital Expenditures $ 1,639 $ 1,631 $ 1,497 $ 4,767

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($ in Millions) 2013E 2014E 2015E 2016E 2017E 2018E

Incremental New

Nuclear CWIP as of 6/30 $757 $1,041 $1,007 $692 $458 $203 Note: Reflects new nuclear capex from July 1 through June 30


2013E

2014E

2015E 2016E-

2017E ($ in Millions)

Debt

Refinancings:

SCANA $ - $ - $ - $ -

SCE&G 150 - - -

New Issues:

SCE&G 450 600 650 300

Total Debt $ 600 $ 600 $ 650 $ 300

Equity

401(k)/DRIP $ 100 $ 100 $ 100 $ 200

Equity Forward ~200 - - -

Additional (estimated) - 275 125 100

Total Equity $ 300 $ 375 $ 225 $ 300

| Financing Plan Estimated

Complete

Remaining follow-on offerings for construction period and may change between years

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$3.15

$3.25

$3.35

$3.45

$3.55

$3.65

$3.75

$3.85

2012 2013 2014 2015

$3.45

$3.25

| Earnings Guidance

(1): 2012 GAAP basic EPS

(2): 2013 basic EPS Guidance, Internal target $3.35

(2)

$3.20 (1)

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Growth of 3% - 6% over 3 to 5 years

First Quarter 2013 | Earnings Conference Call | First Quarter 2013 | Earnings Conference Call | 9

| Unit 2 Nuclear Island (1st Nuclear Concrete Pour)

First Quarter 2013 | Earnings Conference Call | First Quarter 2013 | Earnings Conference Call | 10

| Placement of Unit 2 Module CR-10



| New Nuclear Project

Switchyard Cooling Tower

Unit 2 Turbine Building Unit 3 Nuclear Island

11 First Quarter 2013 | Earnings Conference Call |


$7.8

$22.5

$47.3 $52.8 $52.1

$-

$10

$20

$30

$40

$50

$60

April 2009 Nov 2009 Nov 2010 Nov 2011 Nov 2012

BLRA Increases to Rates (Millions)

Approved by PSC

0.4%

1.1%

2.3%

2.4% 2.3%

2/13 – Q4 2012 Status

Report

Mid May – Q1 2013 Status Report

5/30 – BLRA Revised

Rate Application

8/14 – Q2 2013 Status

Report

11/14– Q3 2013 Status

Report

2013 BLRA Filings

| BLRA Filings & Rate Increases

Completed

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Questions?

13

Documents

First Quarter 2013 SCANA CORPORATION · other risks and uncertainties described from time to time in the periodic reports filed by SCANA or SCE&G with the United States Securities