EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 2016

Pension and Other Postretirement Benefit Plans

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost recorded by the Company and Consolidated SCE&G were as follows: 

The Company	Pension Benefits						Other Postretirement Benefits
	2016			2015			2016		2015
Three months ended September 30,
Service cost	$	4.4		$	6.6		$	0.8	$	1.2
Interest cost	9.8			9.6			3.0		2.8
Expected return on assets	(13.8		)	(15.5		)	—		—
Prior service cost amortization	1.0			1.0			0.1		0.1
Amortization of actuarial losses	3.7			3.2			0.2		0.4
Net periodic benefit cost	$	5.1		$	4.9		$	4.1	$	4.5

Nine months ended September 30,
Service cost	$	15.5		$	18.1		$	3.3	$	4.0
Interest cost	29.5			28.7			9.1		8.6
Expected return on assets	(41.9		)	(46.5		)	—		—
Prior service cost amortization	3.0			3.0			0.2		0.3
Amortization of actuarial losses	11.1			10.2			0.4		1.5
Net periodic benefit cost	$	17.2		$	13.5		$	13.0	$	14.4

Consolidated SCE&G	Pension Benefits						Other Postretirement Benefits
	2016			2015			2016		2015
Three months ended September 30,
Service cost	$	3.6		$	5.3		$	0.7	$	1.0
Interest cost	8.3			8.1			2.5		2.2
Expected return on assets	(11.7		)	(13.0		)	—		—
Prior service cost amortization	0.8			0.8			0.1		0.1
Amortization of actuarial losses	3.2			2.7			0.1		0.3
Net periodic benefit cost	$	4.2		$	3.9		$	3.4	$	3.6

Nine months ended September 30,
Service cost	$	12.7		$	14.5		$	2.7	$	3.2
Interest cost	25.0			24.1			7.5		6.8
Expected return on assets	(35.5		)	(39.1		)	—		—
Prior service cost amortization	2.5			2.5			0.2		0.2
Amortization of actuarial losses	9.4			8.6			0.3		1.2
Net periodic benefit cost	$	14.1		$	10.6		$	10.7	$	11.4

No significant contribution to the pension trust is expected for the foreseeable future, nor is a limitation on benefit payments expected to apply. SCE&G recovers current pension costs through either a rate rider that may be adjusted annually for retail electric operations or through cost of service rates for gas operations.

SCEG

Pension and Other Postretirement Benefit Plans

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost recorded by the Company and Consolidated SCE&G were as follows: 

The Company	Pension Benefits						Other Postretirement Benefits
	2016			2015			2016		2015
Three months ended September 30,
Service cost	$	4.4		$	6.6		$	0.8	$	1.2
Interest cost	9.8			9.6			3.0		2.8
Expected return on assets	(13.8		)	(15.5		)	—		—
Prior service cost amortization	1.0			1.0			0.1		0.1
Amortization of actuarial losses	3.7			3.2			0.2		0.4
Net periodic benefit cost	$	5.1		$	4.9		$	4.1	$	4.5

Nine months ended September 30,
Service cost	$	15.5		$	18.1		$	3.3	$	4.0
Interest cost	29.5			28.7			9.1		8.6
Expected return on assets	(41.9		)	(46.5		)	—		—
Prior service cost amortization	3.0			3.0			0.2		0.3
Amortization of actuarial losses	11.1			10.2			0.4		1.5
Net periodic benefit cost	$	17.2		$	13.5		$	13.0	$	14.4

Consolidated SCE&G	Pension Benefits						Other Postretirement Benefits
	2016			2015			2016		2015
Three months ended September 30,
Service cost	$	3.6		$	5.3		$	0.7	$	1.0
Interest cost	8.3			8.1			2.5		2.2
Expected return on assets	(11.7		)	(13.0		)	—		—
Prior service cost amortization	0.8			0.8			0.1		0.1
Amortization of actuarial losses	3.2			2.7			0.1		0.3
Net periodic benefit cost	$	4.2		$	3.9		$	3.4	$	3.6

Nine months ended September 30,
Service cost	$	12.7		$	14.5		$	2.7	$	3.2
Interest cost	25.0			24.1			7.5		6.8
Expected return on assets	(35.5		)	(39.1		)	—		—
Prior service cost amortization	2.5			2.5			0.2		0.2
Amortization of actuarial losses	9.4			8.6			0.3		1.2
Net periodic benefit cost	$	14.1		$	10.6		$	10.7	$	11.4

No significant contribution to the pension trust is expected for the foreseeable future, nor is a limitation on benefit payments expected to apply. SCE&G recovers current pension costs through either a rate rider that may be adjusted annually for retail electric operations or through cost of service rates for gas operations.