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AFFILIATED TRANSACTIONS - SCEG
3 Months Ended
Mar. 31, 2012
AFFILIATED TRANSACTIONS
AFFILIATED TRANSACTIONS
 
CGT transports natural gas to SCE&G to serve SCE&G’s retail gas customers and certain electric generation requirements.  Transportation services totaled approximately $10.0 million and $7.9 million for the three months ended March 31, 2012 and 2011, respectively.  SCE&G had approximately $3.1 million and $2.5 million payable to CGT for transportation services at March 31, 2012 and December 31, 2011, respectively.
 
SCE&G purchases natural gas and related pipeline capacity from SEMI to serve its retail gas customers and certain electric generation requirements.  Such purchases totaled approximately $25.4 million and $45.4 million for the three months ended March 31, 2012 and 2011, respectively.  SCE&G’s payables to SEMI for such purposes were $3.5 million and $13.2 million as of March 31, 2012 and December 31, 2011, respectively.
 
SCE&G owns 40% of Canadys Refined Coal, LLC, which is involved in the manufacturing and selling of refined coal to reduce emissions. SCE&G owned 10% of Cope Refined Coal, LLC through December 31, 2011. SCE&G accounts for these investments using the equity method.  SCE&G’s receivables from these affiliates were $8.7 million at March 31, 2012 and $8.5 million at December 31, 2011.  SCE&G’s payables to these affiliates were $8.8 million at March 31, 2012 and $8.6 million at December 31, 2011.  SCE&G’s total purchases were $27.1 million and $13.0 million for the three months ended March 31, 2012 and 2011, respectively.  SCE&G’s total sales were $26.9 million and $12.9 million for the three months ended March 31, 2012 and 2011, respectively.

Consolidated SCE&G participates in a utility money pool.  Money pool borrowings and investments bear interest at short-term market rates.  Consolidated SCE&G’s interest income and expense from money pool transactions was not significant for the three months ended March 31, 2012 or 2011.  At March 31, 2012 and December 31, 2011, Consolidated SCE&G owed an affiliate $78.6 million and $58.5 million, respectively.