South Carolina Electric & Gas (SCG) Announces $250 Million Debt Offering

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South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE: SCG), announced today that it sold, in a negotiated offering, $250 million principal amount of its First Mortgage Bonds, 4.350% Series due February 1, 2042 which are a part of a series of bonds having identical terms that SCE&G previously sold in January 2012. The bonds sold today were priced to SCE&G at 107.753%, and are initially being offered to the public at 108.628% with a yield to maturity of 3.858%.

SCE&G intends to apply the net proceeds from the sale of the bonds to repay short-term debt primarily incurred as a result of our construction program, to finance capital expenditures, including costs to construct new nuclear units at the V.C. Summer Nuclear Station, and for general corporate purposes.

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