DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2014

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 MMBTU)
Hedge designation	Gas Distribution	Retail Gas Marketing	Energy Marketing	Total
As of June 30, 2014
Commodity contracts	4,060,000	7,279,000	2,372,000	13,711,000
Energy management contracts (a)	—	—	25,139,515	25,139,515
Total (a)	4,060,000	7,279,000	27,511,515	38,850,515
As of December 31, 2013
Commodity contracts	6,070,000	6,726,000	2,560,000	15,356,000
Energy management contracts (b)	—	—	27,359,958	27,359,958
Total (b)	6,070,000	6,726,000	29,919,958	42,715,958

(a)  Includes an aggregate 219,928 MMBTU related to basis swap contracts in Energy Marketing.

(b)  Includes an aggregate 348,453 MMBTU 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 condensed 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, 2014
Derivatives designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	5
				Other deferred credits and other liabilities	21
Commodity contracts	Prepayments and other	$	1	Derivative financial instruments	1
Total		$	1		$	27
Derivatives not designated as hedging instruments
Interest rate contracts	Other deferred debits and other assets	$	2	Derivative financial instruments	$	82
				Other deferred credits and other liabilities	38
Commodity contracts	Prepayments and other	2
Energy management contracts	Prepayments and other	3		Derivative financial instruments	3
	Other deferred debits and other assets	3		Other deferred credits and other liabilities	3
Total		$	10		$	126

As of December 31, 2013
Derivatives designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	5
				Other deferred credits and other liabilities	14
Commodity contracts	Prepayments and other	$	2
Total		$	2		$	19
Derivatives not designated as hedging instruments
Interest rate contracts	Prepayments and other	$	13	Derivative financial instruments	$	1
	Other deferred debits and other assets	19
Commodity contracts	Prepayments and other	2
Energy management contracts	Prepayments and other	4		Derivative financial instruments	4
	Other deferred debits and other assets	4		Other deferred credits and other liabilities	4
Total		$	42		$	9

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) Deferred in Regulatory Accounts						Loss Reclassified from Deferred Accounts into Income
	(Effective Portion)						(Effective Portion)
Millions of dollars	2014			2013		Location	2014			2013
Three Months Ended June 30,
Interest rate contracts	$	(1	)	$	61	Interest expense	—			—
Six Months Ended June 30,
Interest rate contracts	$	(4	)	$	96	Interest expense	$	(1	)	$	(1	)

	Gain (Loss) Recognized in OCI, net of tax							Gain (Loss) Reclassified from AOCI into Income, net of tax
	(Effective Portion)							(Effective Portion)
Millions of dollars	2014			2013			Location	2014			2013
Three Months Ended June 30,
Interest rate contracts	$	(2	)	$	3		Interest expense	$	(2	)	$	(1	)
Commodity contracts	—			(3		)	Gas purchased for resale	1			—
Total	$	(2	)	$	—			$	(1	)	$	(1	)
Six Months Ended June 30,
Interest rate contracts	$	(4	)	$	4		Interest expense	$	(4	)	$	(3	)
Commodity contracts	3			(1		)	Gas purchased for resale	5			(2		)
Total	$	(1	)	$	3			$	1		$	(5	)

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
Millions of dollars	Loss Deferred in Regulatory Accounts			Gain Reclassified from Deferred Accounts into Income
Three Months Ended June 30, 2014				Location	Amount
Interest rate contracts	$	(73	)	Other income	$	55
Six Months Ended June 30, 2014
Interest rate contracts	$	(185	)	Other income	$	55

Offseting Assets [Table Text Block]

Information related to the Company's offsetting of derivative assets follows:

						Gross Amounts Not Offset in the Statement of Financial Position
Millions of dollars	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Financial Instruments			Cash Collateral Received	Net Amount
As of June 30, 2014
Interest rate contracts	$	2	—	$	2	$	(2	)	—	—
Commodity contracts	3		—	3		—			—	$	3
Energy management contracts	6		—	6		—			—	6
Total	$	11	—	$	11	$	(2	)	—	$	9
Balance sheet location	Prepayments and other			$	6
	Other deferred debits and other assets			5
	Total			$	11

As of December 31, 2013
Interest rate contracts	$	32	—	$	32	$	(1	)	—	$	31
Commodity contracts	4		—	4		—			—	4
Energy management contracts	8		—	8		—			—	8
Total	$	44	—	$	44	$	(1	)	—	$	43
Balance sheet location	Prepayments and other			$	21
	Other deferred debits and other assets			23
	Total			$	44

Offsetting Liabilities [Table Text Block]

Information related to the Company's offsetting of derivative liabilities follows:

						Gross Amounts Not Offset in the Statement of Financial Position
Millions of dollars	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Financial Instruments			Cash Collateral Posted			Net Amount
As of June 30, 2014
Interest rate contracts	$	146	—	$	146	$	(2	)	$	(39	)	$	105
Commodity contracts	1		—	1		—			—			1
Energy management contracts	6		—	6		—			(5		)	1
	$	153	—	$	153	$	(2	)	$	(44	)	$	107
Balance sheet location	Derivative financial instruments			$	90
	Other deferred credits and other liabilities			63
	Total			$	153

As of December 31, 2013
Interest rate contracts	$	20	—	$	20	$	(1	)	$	(19	)	—
Energy management contracts	8		—	8		—			(6		)	$	2
	$	28	—	$	28	$	(1	)	$	(25	)	$	2
Balance sheet location	Derivative financial instruments			$	10
	Other deferred credits and other liabilities			18
	Total			$	28

SCEG

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 condensed 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, 2014
Derivatives designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	1
				Other deferred credits and other liabilities	4
Total					$	5
Derivatives not designated as hedging instruments
Interest rate contracts	Other deferred debits and other assets	$	2	Derivative financial instruments	$	82
				Other deferred credits and other liabilities	38
Total		$	2		$	120
As of December 31, 2013
Derivatives designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	1
Total					$	1
Derivatives not designated as hedging instruments
Interest rate contracts	Prepayments and other	$	13	Derivative financial instruments	$	1
	Other deferred debits and other assets	19
Total		$	32		$	1

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) Deferred in Regulatory Accounts						Loss Reclassified from Deferred Accounts into Income
	(Effective Portion)						(Effective Portion)
Millions of dollars	2014			2013		Location	2014			2013
Three Months Ended June 30,
Interest rate contracts	$	(1	)	$	61	Interest expense	—			—
Six Months Ended June 30,
Interest rate contracts	$	(4	)	$	96	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
Millions of dollars	Loss Deferred in Regulatory Accounts			Gain Reclassified from Deferred Accounts into Income
				Location	Amount
Three Months Ended June 30, 2014
Interest rate contracts	$	(73	)	Other income	$	55
Six Months Ended June 30, 2014
Interest rate contracts	$	(185	)	Other income	$	55

Offseting Assets [Table Text Block]

Information related to Consolidated SCE&G's derivative assets follows:

						Gross Amounts Not Offset in the Statement of Financial Position
Millions of dollars	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Financial Instruments			Cash Collateral Received	Net Amount
As of June 30, 2014
Interest rate contracts	$	2	—	$	2	$	(2	)	—	—
Balance Sheet Location	Other deferred debits and other assets			$	2
	Total			$	2

As of December 31, 2013
Interest rate contracts	$	32	—	$	32	$	(1	)	—	$	31
Balance Sheet Location	Prepayments and other			$	13
	Other deferred debits and other assets			19
	Total			$	32

Offsetting Liabilities [Table Text Block]

Information related to Consolidated SCE&G's derivative liabilities follows:

						Gross Amounts Not Offset in the Statement of Financial Position
Millions of dollars	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Financial Instruments			Cash Collateral Posted			Net Amount
As of June 30, 2014
Interest rate contracts	$	125	—	$	125	$	(2	)	$	(18	)	$	105
Balance Sheet Location	Derivative financial instruments			$	83
	Other deferred credits and other liabilities			42
	Total			$	125

As of December 31, 2013
Interest rate contracts	$	2	—	$	2	$	(1	)	$	(1	)	—
Balance Sheet Location	Derivative financial instruments			$	2
	Total			$	2