DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2012

Derivative [Line Items]

Schedule of Derivative Instruments [Table Text Block]

The Company was party to natural gas derivative contracts outstanding in the following quantities:

	Commodity and Other Energy Management Contracts (in DT)
Hedge designation	Gas Distribution	Retail Gas Marketing	Energy Marketing	Total
As of June 30, 2012
Cash flow	—	6,573,000	24,849,638	31,422,638
Not designated (a)	9,520,000	—	26,574,637	36,094,637
Total (a)	9,520,000	6,573,000	51,424,275	67,517,275
As of December 31, 2011
Cash flow	—	6,566,000	29,861,763	36,427,763
Not designated (b)	9,080,000	—	31,943,563	41,023,563
Total (b)	9,080,000	6,566,000	61,805,326	77,451,326

(a)  Includes an aggregate 6,952,000 DT related to basis swap contracts in Energy Marketing.

(b)  Includes an aggregate 9,626,000 DT related to basis swap contracts in Energy Marketing.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of energy-related derivatives and interest rate derivatives was reflected in the consolidated balance sheet as follows:

	Fair Values of Derivative Instruments
	Asset Derivatives			Liability Derivatives
	Balance Sheet	Fair		Balance Sheet	Fair
Millions of dollars	Location (c)	Value		Location (c)	Value
As of June 30, 2012
Derivatives designated as hedging instruments
Interest rate contracts	Prepayments and other	$	20	Other current liabilities	$	79
	Other deferred debits and other assets	8		Other deferred credits and other liabilities	41
Commodity contracts	Prepayments and other	2
	Other current liabilities	2		Other current liabilities	4
				Other deferred credits and other liabilities	2
Total		$	32		$	126
Derivatives not designated as hedging instruments
Energy management contracts	Prepayments and other	$	11	Prepayments and other	$	2
	Other deferred debits and other assets	10		Other current liabilities	10
				Other deferred credits and other liabilities	9
Total		$	21		$	21

As of December 31, 2011
Derivatives designated as hedging instruments
Interest rate contracts	Prepayments and other	$	2	Other current liabilities	$	55
				Other deferred credits and other liabilities	103
Commodity contracts	Other current liabilities	1		Prepayments and other	1
				Other current liabilities	10
				Other deferred credits and other liabilities	3
Total		$	3		$	172
Derivatives not designated as hedging instruments
Energy management contracts	Prepayments and other	$	17	Prepayments and other	$	3
	Other deferred debits and other assets	10		Other current liabilities	13
				Other deferred credits and other liabilities	9
Total		$	27		$	25

(c) Asset derivatives represent unrealized gains to the Company, and liability derivatives represent unrealized losses.  In the Company’s condensed consolidated balance sheets, unrealized gain and loss positions on commodity contracts with the same counterparty are reported as either a net asset or liability, and for purposes of the above disclosure they are reported on a gross basis.

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Derivatives in Cash Flow Hedging Relationships

							Gain (Loss) Reclassified from
Derivatives in Cash Flow	Gain (Loss) Deferred						Deferred Accounts into Income
Hedging Relationships	in Regulatory Accounts						(Effective Portion)
Millions of dollars	(Effective Portion)						Location	Amount
	2012			2011				2012			2011
Three Months Ended June 30,
Interest rate contracts	$	(2	)	$	(15	)	Interest expense	$	—		$	—
Six Months Ended June 30,
Interest rate contracts	$	28		$	(9	)	Interest expense	$	(1	)	$	(1	)

	Gain (Loss)						Gain (Loss) Reclassified from
Derivatives in Cash Flow	Recognized in OCI,						Accumulated OCI into Income,
Hedging Relationships	net of tax						net of tax (Effective Portion)
Millions of dollars	(Effective Portion)						Location	Amount
	2012			2011				2012			2011
Three Months Ended June 30,
Interest rate contracts	$	(4	)	$	(14	)	Interest expense	$	(1	)	$	(1	)
Commodity contracts	1			(1		)	Gas purchased for resale	(3		)	—
Total	$	(3	)	$	(15	)		$	(4	)	$	(1	)
Six Months Ended June 30,
Interest rate contracts	$	(4	)	$	(11	)	Interest expense	$	(3	)	$	(2	)
Commodity contracts	(3		)	(2		)	Gas purchased for resale	(11		)	(4		)
Total	$	(7	)	$	(13	)		$	(14	)	$	(6	)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Derivatives not designated as Hedging Instruments	Gain (Loss) Recognized in Income
Millions of dollars	Location	2012			2011
Second Quarter
Commodity contracts	Gas purchased for resale	$	—		$	—
Year to Date
Commodity contracts	Gas purchased for resale	$	(1	)	$	(1	)

SCE&G

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of interest rate derivatives was reflected in the consolidated balance sheet as follows:

	Fair Values of Derivative Instruments
	Asset Derivatives			Liability Derivatives
	Balance Sheet	Fair		Balance Sheet	Fair
Millions of dollars	Location	Value		Location	Value
As of June 30, 2012
Derivatives designated as hedging instruments
Interest rate contracts	Prepayments and other	$	20	Other current liabilities	$	75
	Other deferred debits and other assets	8		Other deferred credits and other liabilities	12
Total		$	28		$	87
As of December 31, 2011
Derivatives designated as hedging instruments
Interest rate contracts	Prepayments and other	$	1	Other current liabilities	$	2
				Other deferred credits and other liabilities	75
Total		$	1		$	77

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

							Gain (Loss) Reclassified from
Derivatives in Cash Flow	Gain (Loss) Deferred						Deferred Accounts into Income
Hedging Relationships	in Regulatory Accounts						(Effective Portion)
Millions of dollars	(Effective Portion)						Location	Amount
	2012			2011				2012			2011
Three Months Ended June 30,
Interest rate contracts	$	(2	)	$	(15	)	Interest expense	$	—		$	—
Six Months Ended June 30,
Interest rate contracts	$	28		$	(9	)	Interest expense	$	(1	)	$	(1	)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Derivatives not designated as Hedging Instruments	Gain (Loss) Recognized in Income
Millions of dollars	Location	2012		2011
Second Quarter
Commodity contracts	Gas purchased for resale	—		—
Year to Date
Commodity contracts	Gas purchased for resale	(1	)	(1	)