COMMON EQUITY

9 Months Ended

Sep. 30, 2013

Stockholders' Equity Note [Abstract]

COMMON EQUITY

COMMON EQUITY

Changes in common equity during the nine months ended September 30, 2013 and 2012 were as follows:

Millions of dollars	2013			2012
Balance at January 1,	$	4,154		$	3,889
Common stock issued	273			73
Dividends declared	(212		)	(194		)
Comprehensive income	383			327
Balance as of September 30,	$	4,598		$	4,095

SCANA had 200 million shares of common stock authorized as of September 30, 2013 and December 31, 2012, of which 140.2 million and 132.0 million were issued and outstanding at September 30, 2013 and December 31, 2012, respectively.

On March 5, 2013, SCANA settled all forward sales contracts related to its common stock through the issuance of approximately 6.6 million common shares, resulting in net proceeds of approximately $196.2 million.

Reclassifications of gains (losses) from AOCI into earnings, net of taxes, were as follows:

Millions of dollars	2013			2012			Income Statement Line Item Affected
Three months ended September 30,
Interest rate contracts	$	(2	)	$	(2	)	Increase in interest expense
Commodity contracts	—			(1		)	Increase in gas purchased for resale
Deferred employee benefit plan costs	(1		)	—
Total reclassifications	$	(3	)	$	(3	)
Nine months ended September 30,
Interest rate contracts	$	(5	)	$	(5	)	Increase in interest expense
Commodity contracts	(2		)	(12		)	Increase in gas purchased for resale
Deferred employee benefit plan costs	(1		)	(1		)
Total reclassifications	$	(8	)	$	(18	)

For information related to the reclassification of deferred employee benefit amounts from AOCI, see Note 8.

SCEG

Stockholders' Equity Note [Abstract]

COMMON EQUITY

EQUITY

Changes in common equity during the nine months ended September 30, 2013 and 2012 were as follows:

Millions of dollars	Common Equity			Noncontrolling Interest			Total Equity
Balance at January 1, 2013	$	3,929		$	114		$	4,043
Capital contribution from parent	285			—			285
Dividends declared	(190		)	(5		)	(195		)
Comprehensive income	312			8			320
Balance as of September 30, 2013	$	4,336		$	117		$	4,453
Balance at January 1, 2012	$	3,665		$	108		$	3,773
Capital contribution from parent	84			—			84
Dividends declared	(157		)	(5		)	(162		)
Comprehensive income	272			9			281
Balance as of September 30, 2012	$	3,864		$	112		$	3,976

SCE&G had 50 million shares of common stock authorized as of September 30, 2013 and December 31, 2012, of which 40.3 million were issued and outstanding during all periods presented. SCE&G had 20 million shares of preferred stock authorized as of September 30, 2013 and December 31, 2012, of which 1,000 shares were issued and outstanding during all periods presented. All issued and outstanding shares of SCE&G's common and preferred stock are held by SCANA.

Reclassifications from AOCI into earnings of the amortization of deferred employee benefit costs were not significant for any period presented.