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For Immediate Release

              Media Contact:                 Investor Contacts:
              Eric Boomhower                 Bryan Hatchell             Betty Best
              (803) 217-7701                 (803) 217-7458             (803) 217-7587
              eboomhower@scana.com           bhatchell@scana.com        bbest@scana.com

           SCANA Reports Financial Results for First Quarter 2009
Columbia, SC, April 23, 2009...SCANA Corporation (NYSE: SCG) today reported consolidated
earnings for the first quarter of 2009 of $114 million, or $.94 per share, compared to $109 million, or
$.94 per share, for the first quarter of 2008.

โ€œWe are very pleased with our first quarter financial results,โ€ said Jimmy Addison, senior vice president
and chief financial officer. โ€œFavorable weather and lower operating and maintenance expenses
effectively offset several negative factors, including lower natural gas margins, lower industrial and off-
system electric margins and dilution.โ€


FINANCIAL RESULTS BY MAJOR LINES OF BUSINESS

South Carolina Electric & Gas Company

South Carolina Electric & Gas Company (SCE&G), SCANAโ€™s principal subsidiary, reported earnings
in the first quarter of 2009 of $62 million, or $.51 per share, compared to $60 million, or $.51 per
share, in the same quarter last year. These breakeven results are due primarily to lower operating
and maintenance expenses and favorable weather in our electric service territory, which offset the
negative impact of lower natural gas margins, lower industrial and off-system electric margins and
dilution. At March 31, 2009, SCE&G was serving approximately 652,000 electric customers and
approximately 309,000 natural gas customers, up 1.4 percent and 1.3 percent, respectively, from the
same time last year.

PSNC Energy

PSNC Energy, SCANAโ€™s retail natural gas subsidiary headquartered in Gastonia, North Carolina,
reported earnings of $30 million, or $.25 per share, in the first quarter of 2009, compared to $28
million, or $.24 per share, in the first quarter of 2008. The slight improvement was driven by the
implementation of new rates effective in November 2008. At March 31, 2009, PSNC Energy was
serving approximately 469,000 natural gas customers, an increase of 1.8 percent over the last twelve
months.
SCANA Energy

SCANA Energy, the Companyโ€™s retail natural gas marketing business in Georgia, reported earnings
of $22 million, or $.18 per share, in the first quarter of 2009, compared to $22 million, or $.19 per
share, in the first quarter of 2008. This decline in earnings per share is due primarily to dilution. At
March 31, 2009, SCANA Energy was serving approximately 465,000 customers in Georgia,
maintaining its position as the second largest natural gas marketer in the state.

Carolina Gas Transmission

Carolina Gas Transmission Corporation reported earnings in the first quarter of 2009 of $2 million, or
$.02 per share, unchanged compared to the first quarter of 2008.

Corporate and Other Non-Regulated

SCANAโ€™s corporate and other businesses, which include SCANA Communications, ServiceCare,
SCANA Energy Marketing and the holding company, reported a loss of $3 million, or $.02 per share
in the first quarter of 2009, unchanged compared to the first quarter of 2008.


2009 EARNINGS OUTLOOK
The Company affirms its previous guidance that 2009 earnings will be in the range of $2.65 to $2.95
per share. This estimate assumes normal weather for the remainder of the year in the Companyโ€™s
electric and natural gas service areas and excludes any potential impacts from changes in accounting
principles and certain gains or losses from investing activities, litigation, and sales of assets. Other
factors and risks that could impact future earnings are discussed in the Companyโ€™s filings with the
Securities and Exchange Commission and below under the Safe Harbor Statement. The Company
expects an average annual earnings growth rate of 4 to 6 percent over the next 3 to 5 years.

CONFERENCE CALL NOTICE

SCANA will host its quarterly conference call for security analysts at 2:00 p.m. Eastern Daylight Time
on Thursday, April 23, 2009. The call-in numbers for the conference call are 1-866-543-6403
(US/Canada) and 1-617-213-8896 (International). The passcode is 45796252. Participants should
call in 5 to 10 minutes prior to the scheduled start time. A replay of the conference call will be
available approximately 2 hours after conclusion of the call through May 7, 2009. The telephone
replay numbers are 1-888-286-8010 (US/Canada) and 1-617-801-6888 (International). The passcode
for the telephone replay is 33570867.

All interested persons, including investors, media and the general public, may listen to a live web cast
of the conference call at the Companyโ€™s web site at www.scana.com. Participants should go to the
web site at least 5 to 10 minutes prior to the call start time and follow the instructions. A replay of the
conference call and a transcript will also be available on the Companyโ€™s web site approximately 2
hours after conclusion of the call through May 7, 2009.

PROFILE

SCANA Corporation, a Fortune 500 company headquartered in Columbia, SC, is an energy-based
holding company principally engaged, through subsidiaries, in electric and natural gas utility
operations and other energy-related businesses. The Company serves approximately 652,000
electric customers in South Carolina and more than 1.2 million natural gas customers in South
Carolina, North Carolina and Georgia. Information about SCANA and its businesses is available on
the Companyโ€™s web site at www.scana.com.
SAFE HARBOR STATEMENT

Statements included in this press release which are not statements of historical fact are intended to
be, and are hereby identified as, โ€œforward-looking statementsโ€ 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, estimated construction and other expenditures. In some cases,
forward-looking statements can be identified by terminology such as โ€œmay,โ€ โ€œwill,โ€ โ€œcould,โ€ โ€œshould,โ€
โ€œexpects,โ€ โ€œplans,โ€ โ€œanticipates,โ€ โ€œbelieves,โ€ โ€œestimates,โ€ โ€œprojects,โ€ โ€œpredicts,โ€ โ€œpotentialโ€ or โ€œcontinueโ€
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 and environmental
regulations; (3) current and future litigation; (4) changes in the economy, especially in areas served
by subsidiaries of SCANA Corporation (SCANA); (5) the impact of competition from other energy
suppliers, including competition from alternate fuels in industrial interruptible markets; (6) growth
opportunities for SCANAโ€™s regulated and diversified subsidiaries; (7) the results of short- and long-
term financing efforts, including future prospects for obtaining access to capital markets and other
sources of liquidity; (8) changes in SCANAโ€™s or its subsidiariesโ€™ accounting rules and accounting
policies; (9) the effects of weather, including drought, especially in areas where the Companyโ€™s
generation and transmission facilities are located and in areas served by SCANA's subsidiaries; (10)
payment by counterparties as and when due; (11) the results of efforts to license, site, construct and
finance facilities for baseload electric generation; (12) 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; (13) performance of
SCANAโ€™s pension plan assets; (14) inflation; (15) compliance with regulations; and (16) the other
risks and uncertainties described from time to time in the periodic reports filed by SCANA or South
Carolina Electric & Gas Company (SCE&G) with the United States Securities and Exchange
Commission (SEC). The Company disclaims any obligation to update any forward-looking
statements.


                                                    ###
FINANCIAL AND OPERATING INFORMATION
Condensed Consolidated Statements of Income
(Millions, except per share amounts) (Unaudited)

                                                    Quarter Ended March 31,
                                                     2009            2008
Operating Revenues:
 Electric                                             $497           $488
 Gas-Regulated                                          422           482
 Gas-Nonregulated                                       424           563
   Total Operating Revenues                           1,343          1,533

Operating Expenses:
 Fuel Used in Electric Generation                      185            177
 Purchased Power                                          5             5
 Gas Purchased for Resale - Regulated                  275            337
 Gas Purchased for Resale - Nonregulated               369            501
 Other Operation and Maintenance                        158           177
 Depreciation and Amortization                           83            80
 Other Taxes                                             45            43
   Total Operating Expenses                           1,120          1,320

Operating Income                                      223             213

Other Income, Net                                      11              12

Interest Charges, Net                                  (58)           (53)
Income Tax Expense                                     (61)           (62)
Earnings from Equity Method Investments                  1              1
Preferred Stock Cash Dividends of SCE&G                 (2)            (2)

Net Income                                            $114           $109

Common Stock Data:
 Wgt. Avg. Common Shares Outstanding                  120.9          116.7
 Basic & Diluted Reported Earnings Per Share          $.94            $.94



Condensed Consolidated Balance Sheets
(Millions) (Unaudited)
                                                     March 31,   December 31,
                                                      2009           2008
ASSETS:
Utility Plant, Net                                   $8,433        $8,305
Nonutility Property and Investments, Net                331           316
Total Current Assets                                  1,693         1,836
Total Regulatory Assets and Deferred Debits           1,140         1,045
    Total                                           $11,597       $11,502

CAPITALIZATION AND LIABILITIES:
Capitalization:
 Common Equity                                       $3,235        $3,045
 Preferred Stock                                        113           113
 Long-Term Debt, Net                                  4,524         4,361
   Total Capitalization                               7,872         7,519
Current Liabilities:
 Short-Term Borrowings                                  106            80
 Current Portion of Long-Term Debt                       50           144
 Other                                                  713           931
   Total Current Liabilities                            869         1,155
Total Regulatory Liabilities and Deferred Credits     2,856         2,828
   Total                                            $11,597       $11,502
Variances in Earnings per Share:
(Unaudited)
                                                                         Quarter Ended March 31,

2008 Basic & Diluted Reported Earnings per Share                                     $.94

Variances:
Electric Margin                                                                       .00
Natural Gas Margin                                                                   (.03)
Operation & Maintenance Expense                                                       .10
Depreciation                                                                         (.01)
Property Taxes                                                                       (.01)
Dilution                                                                             (.04)
Other                                                                                (.01)
  Variance in Reported Earnings per Share                                             .00

2009 Basic & Diluted Reported Earnings per Share                                     $.94




Earnings per Share by Company:
(Unaudited)
                                                              Quarter Ended March 31,

                                                                2009             2008
South Carolina Electric & Gas                                   $.51             $.51
PSNC Energy                                                       .25             .24
SCANA Energy-Georgia                                              .18             .19
Carolina Gas Transmission                                         .02             .02
Corporate and Other Nonregulated, Net                            (.02)           (.02)
 Basic and Diluted Reported Earnings per Share                   $.94            $.94

Consolidated Operating Statistics:
                                                    Quarter Ended March 31,
                                                   2009       2008    % Change
Electric Operations:
Sales (Million KWH):
 Residential                                       1,939     1,816          6.8
 Commercial                                        1,686     1,709         (1.3)
 Industrial                                        1,266     1,553        (18.5)
 Other                                               131       128          2.3
   Total Retail Sales                              5,022     5,206         (3.5)
 Wholesale                                           460       634        (27.4)
   Total Sales                                     5,482     5,840         (6.1)

Customers (Period-End, Thousands)                   652       643          1.4

Natural Gas Operations:
Sales (Thousand Dekatherms):
 Residential                                      33,256    32,255         3.1
 Commercial                                       15,007    14,589         2.9
 Industrial                                       38,002    40,825        (6.9)
   Total Retail Sales                             86,265    87,669        (1.6)
 Sales for Resale                                  3,565     3,086        15.5
 Transportation Volumes                           38,722    41,309        (6.3)
   Total Sales                                   128,552   132,064        (2.7)
Customers (Period-End, Thousands)                   1,244       1,257         (1.0)




Security Credit Ratings (as of 04/23/09):

                                          Moodyโ€™s           Standard & Poorโ€™s (1)         Fitch (2)
SCANA Corporation:
 Senior Unsecured                          Baa1                      BBB                   A-
 Outlook                                   Stable                   Stable               Negative

South Carolina
Electric & Gas Company:
  Senior Secured                            A2                        A-                    A+
  Senior Unsecured                          A3                      BBB+                    A
  Commercial Paper                          P-2                      A-2                   F-2
  Outlook                                  Stable                   Stable               Negative

PSNC Energy:
 Senior Unsecured                           A3                      BBB+                    A
 Commercial Paper                           P-2                      A-2                   F-2
 Outlook                                   Stable                   Stable               Negative

South Carolina Fuel Company:
 Commercial Paper                            P-2                        A-2                 F-2

Note (1): On April 22, 2009, S&P downgraded SCANA and its rated subsidiaries one notch with the exception of SCE&G
          Senior Secured Debt (First Mortgage Bonds), short-term debt at SCANA, and short-term debt at its rated
          subsidiaries, which all remain the same. S&P also revised its long-term ratings Outlook from Negative to Stable.
Note (2): On August 4, 2008, Fitch affirmed its long-term ratings on SCANA, SCE&G, PSNC Energy and SCFC and revised
          all short-term ratings on SCANA and its rated subsidiaries to F-2. Fitch also revised its long-term ratings Outlook
          from Stable to Negative.

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Q1 2009 Earning report of Scana Corp.

  • 1. For Immediate Release Media Contact: Investor Contacts: Eric Boomhower Bryan Hatchell Betty Best (803) 217-7701 (803) 217-7458 (803) 217-7587 eboomhower@scana.com bhatchell@scana.com bbest@scana.com SCANA Reports Financial Results for First Quarter 2009 Columbia, SC, April 23, 2009...SCANA Corporation (NYSE: SCG) today reported consolidated earnings for the first quarter of 2009 of $114 million, or $.94 per share, compared to $109 million, or $.94 per share, for the first quarter of 2008. โ€œWe are very pleased with our first quarter financial results,โ€ said Jimmy Addison, senior vice president and chief financial officer. โ€œFavorable weather and lower operating and maintenance expenses effectively offset several negative factors, including lower natural gas margins, lower industrial and off- system electric margins and dilution.โ€ FINANCIAL RESULTS BY MAJOR LINES OF BUSINESS South Carolina Electric & Gas Company South Carolina Electric & Gas Company (SCE&G), SCANAโ€™s principal subsidiary, reported earnings in the first quarter of 2009 of $62 million, or $.51 per share, compared to $60 million, or $.51 per share, in the same quarter last year. These breakeven results are due primarily to lower operating and maintenance expenses and favorable weather in our electric service territory, which offset the negative impact of lower natural gas margins, lower industrial and off-system electric margins and dilution. At March 31, 2009, SCE&G was serving approximately 652,000 electric customers and approximately 309,000 natural gas customers, up 1.4 percent and 1.3 percent, respectively, from the same time last year. PSNC Energy PSNC Energy, SCANAโ€™s retail natural gas subsidiary headquartered in Gastonia, North Carolina, reported earnings of $30 million, or $.25 per share, in the first quarter of 2009, compared to $28 million, or $.24 per share, in the first quarter of 2008. The slight improvement was driven by the implementation of new rates effective in November 2008. At March 31, 2009, PSNC Energy was serving approximately 469,000 natural gas customers, an increase of 1.8 percent over the last twelve months.
  • 2. SCANA Energy SCANA Energy, the Companyโ€™s retail natural gas marketing business in Georgia, reported earnings of $22 million, or $.18 per share, in the first quarter of 2009, compared to $22 million, or $.19 per share, in the first quarter of 2008. This decline in earnings per share is due primarily to dilution. At March 31, 2009, SCANA Energy was serving approximately 465,000 customers in Georgia, maintaining its position as the second largest natural gas marketer in the state. Carolina Gas Transmission Carolina Gas Transmission Corporation reported earnings in the first quarter of 2009 of $2 million, or $.02 per share, unchanged compared to the first quarter of 2008. Corporate and Other Non-Regulated SCANAโ€™s corporate and other businesses, which include SCANA Communications, ServiceCare, SCANA Energy Marketing and the holding company, reported a loss of $3 million, or $.02 per share in the first quarter of 2009, unchanged compared to the first quarter of 2008. 2009 EARNINGS OUTLOOK The Company affirms its previous guidance that 2009 earnings will be in the range of $2.65 to $2.95 per share. This estimate assumes normal weather for the remainder of the year in the Companyโ€™s electric and natural gas service areas and excludes any potential impacts from changes in accounting principles and certain gains or losses from investing activities, litigation, and sales of assets. Other factors and risks that could impact future earnings are discussed in the Companyโ€™s filings with the Securities and Exchange Commission and below under the Safe Harbor Statement. The Company expects an average annual earnings growth rate of 4 to 6 percent over the next 3 to 5 years. CONFERENCE CALL NOTICE SCANA will host its quarterly conference call for security analysts at 2:00 p.m. Eastern Daylight Time on Thursday, April 23, 2009. The call-in numbers for the conference call are 1-866-543-6403 (US/Canada) and 1-617-213-8896 (International). The passcode is 45796252. Participants should call in 5 to 10 minutes prior to the scheduled start time. A replay of the conference call will be available approximately 2 hours after conclusion of the call through May 7, 2009. The telephone replay numbers are 1-888-286-8010 (US/Canada) and 1-617-801-6888 (International). The passcode for the telephone replay is 33570867. All interested persons, including investors, media and the general public, may listen to a live web cast of the conference call at the Companyโ€™s web site at www.scana.com. Participants should go to the web site at least 5 to 10 minutes prior to the call start time and follow the instructions. A replay of the conference call and a transcript will also be available on the Companyโ€™s web site approximately 2 hours after conclusion of the call through May 7, 2009. PROFILE SCANA Corporation, a Fortune 500 company headquartered in Columbia, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. The Company serves approximately 652,000 electric customers in South Carolina and more than 1.2 million natural gas customers in South Carolina, North Carolina and Georgia. Information about SCANA and its businesses is available on the Companyโ€™s web site at www.scana.com.
  • 3. SAFE HARBOR STATEMENT Statements included in this press release which are not statements of historical fact are intended to be, and are hereby identified as, โ€œforward-looking statementsโ€ 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, estimated construction and other expenditures. In some cases, forward-looking statements can be identified by terminology such as โ€œmay,โ€ โ€œwill,โ€ โ€œcould,โ€ โ€œshould,โ€ โ€œexpects,โ€ โ€œplans,โ€ โ€œanticipates,โ€ โ€œbelieves,โ€ โ€œestimates,โ€ โ€œprojects,โ€ โ€œpredicts,โ€ โ€œpotentialโ€ or โ€œcontinueโ€ 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 and environmental regulations; (3) current and future litigation; (4) changes in the economy, especially in areas served by subsidiaries of SCANA Corporation (SCANA); (5) the impact of competition from other energy suppliers, including competition from alternate fuels in industrial interruptible markets; (6) growth opportunities for SCANAโ€™s regulated and diversified subsidiaries; (7) the results of short- and long- term financing efforts, including future prospects for obtaining access to capital markets and other sources of liquidity; (8) changes in SCANAโ€™s or its subsidiariesโ€™ accounting rules and accounting policies; (9) the effects of weather, including drought, especially in areas where the Companyโ€™s generation and transmission facilities are located and in areas served by SCANA's subsidiaries; (10) payment by counterparties as and when due; (11) the results of efforts to license, site, construct and finance facilities for baseload electric generation; (12) 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; (13) performance of SCANAโ€™s pension plan assets; (14) inflation; (15) compliance with regulations; and (16) the other risks and uncertainties described from time to time in the periodic reports filed by SCANA or South Carolina Electric & Gas Company (SCE&G) with the United States Securities and Exchange Commission (SEC). The Company disclaims any obligation to update any forward-looking statements. ###
  • 4. FINANCIAL AND OPERATING INFORMATION Condensed Consolidated Statements of Income (Millions, except per share amounts) (Unaudited) Quarter Ended March 31, 2009 2008 Operating Revenues: Electric $497 $488 Gas-Regulated 422 482 Gas-Nonregulated 424 563 Total Operating Revenues 1,343 1,533 Operating Expenses: Fuel Used in Electric Generation 185 177 Purchased Power 5 5 Gas Purchased for Resale - Regulated 275 337 Gas Purchased for Resale - Nonregulated 369 501 Other Operation and Maintenance 158 177 Depreciation and Amortization 83 80 Other Taxes 45 43 Total Operating Expenses 1,120 1,320 Operating Income 223 213 Other Income, Net 11 12 Interest Charges, Net (58) (53) Income Tax Expense (61) (62) Earnings from Equity Method Investments 1 1 Preferred Stock Cash Dividends of SCE&G (2) (2) Net Income $114 $109 Common Stock Data: Wgt. Avg. Common Shares Outstanding 120.9 116.7 Basic & Diluted Reported Earnings Per Share $.94 $.94 Condensed Consolidated Balance Sheets (Millions) (Unaudited) March 31, December 31, 2009 2008 ASSETS: Utility Plant, Net $8,433 $8,305 Nonutility Property and Investments, Net 331 316 Total Current Assets 1,693 1,836 Total Regulatory Assets and Deferred Debits 1,140 1,045 Total $11,597 $11,502 CAPITALIZATION AND LIABILITIES: Capitalization: Common Equity $3,235 $3,045 Preferred Stock 113 113 Long-Term Debt, Net 4,524 4,361 Total Capitalization 7,872 7,519 Current Liabilities: Short-Term Borrowings 106 80 Current Portion of Long-Term Debt 50 144 Other 713 931 Total Current Liabilities 869 1,155 Total Regulatory Liabilities and Deferred Credits 2,856 2,828 Total $11,597 $11,502
  • 5. Variances in Earnings per Share: (Unaudited) Quarter Ended March 31, 2008 Basic & Diluted Reported Earnings per Share $.94 Variances: Electric Margin .00 Natural Gas Margin (.03) Operation & Maintenance Expense .10 Depreciation (.01) Property Taxes (.01) Dilution (.04) Other (.01) Variance in Reported Earnings per Share .00 2009 Basic & Diluted Reported Earnings per Share $.94 Earnings per Share by Company: (Unaudited) Quarter Ended March 31, 2009 2008 South Carolina Electric & Gas $.51 $.51 PSNC Energy .25 .24 SCANA Energy-Georgia .18 .19 Carolina Gas Transmission .02 .02 Corporate and Other Nonregulated, Net (.02) (.02) Basic and Diluted Reported Earnings per Share $.94 $.94 Consolidated Operating Statistics: Quarter Ended March 31, 2009 2008 % Change Electric Operations: Sales (Million KWH): Residential 1,939 1,816 6.8 Commercial 1,686 1,709 (1.3) Industrial 1,266 1,553 (18.5) Other 131 128 2.3 Total Retail Sales 5,022 5,206 (3.5) Wholesale 460 634 (27.4) Total Sales 5,482 5,840 (6.1) Customers (Period-End, Thousands) 652 643 1.4 Natural Gas Operations: Sales (Thousand Dekatherms): Residential 33,256 32,255 3.1 Commercial 15,007 14,589 2.9 Industrial 38,002 40,825 (6.9) Total Retail Sales 86,265 87,669 (1.6) Sales for Resale 3,565 3,086 15.5 Transportation Volumes 38,722 41,309 (6.3) Total Sales 128,552 132,064 (2.7)
  • 6. Customers (Period-End, Thousands) 1,244 1,257 (1.0) Security Credit Ratings (as of 04/23/09): Moodyโ€™s Standard & Poorโ€™s (1) Fitch (2) SCANA Corporation: Senior Unsecured Baa1 BBB A- Outlook Stable Stable Negative South Carolina Electric & Gas Company: Senior Secured A2 A- A+ Senior Unsecured A3 BBB+ A Commercial Paper P-2 A-2 F-2 Outlook Stable Stable Negative PSNC Energy: Senior Unsecured A3 BBB+ A Commercial Paper P-2 A-2 F-2 Outlook Stable Stable Negative South Carolina Fuel Company: Commercial Paper P-2 A-2 F-2 Note (1): On April 22, 2009, S&P downgraded SCANA and its rated subsidiaries one notch with the exception of SCE&G Senior Secured Debt (First Mortgage Bonds), short-term debt at SCANA, and short-term debt at its rated subsidiaries, which all remain the same. S&P also revised its long-term ratings Outlook from Negative to Stable. Note (2): On August 4, 2008, Fitch affirmed its long-term ratings on SCANA, SCE&G, PSNC Energy and SCFC and revised all short-term ratings on SCANA and its rated subsidiaries to F-2. Fitch also revised its long-term ratings Outlook from Stable to Negative.