EX-99.2 3 capex.htm CAPEX capex

SCANA Corporation
2007 - 2009 Projections for Capital Expenditures and Cash Flow


Projected Capital Expenditures (CAPEX)
(millions of dollars)
   
2007
 
2008
 
2009
 
3-Year Total
 
SCE&G:
                 
New Generating Capacity - 2009 ICT
   
-
 
$
45
 
$
45
 
$
90
 
                                       - 2015 Nuclear
 
$
39
   
35
   
78
   
152
 
Environmental (see below)
   
133
   
242
   
84
   
459
 
Other Electric
   
272
   
285
   
253
   
810
 
Nuclear Fuel
   
55
   
6
   
26
   
87
 
Gas
   
50
   
59
   
52
   
161
 
Common
   
27
   
9
   
12
   
48
 
Other
   
1
   
--
   
--
   
1
 
    Total SCE&G 
   
577
   
681
   
550
   
1,808
 
PSNC Energy
   
81
   
81
   
73
   
235
 
Other Companies Combined
   
70
   
79
   
69
   
218
 
    Total SCANA
 
$
728
 
$
841
 
$
692
 
$
2,261
 



Projected Environmental CAPEX
(included above)
 
2007
 
 2008
 
2009
 
3-Year Total
 
(millions of dollars)
                 
                   
Scrubbers - Williams & Wateree Station
 
$
97
 
$
200
 
$
72
 
$
369
 
NOX Reduction - Cope Station
   
23
   
26
   
3
   
52
 
Other
   
13
   
16
   
9
   
38
 
    Total Environmental
 
$
133
 
$
242
 
$
84
 
$
459
 


Projected Cash Flow
                 
(millions of dollars)
                 
   
2007 
 
 2008
 
2009
 
3-Year Total
 
Net Cash Provided From Operating Activities, minus Dividends
 
 
$497
 
 
$493
 
 
$459
 
 
$1,449
 
CAPEX
   
728
   
841
   
692
   
2,261
 
    Requirement
 
$
231
 
$
348
 
$
233
 
$
812
 

SAFE HARBOR STATEMENT 

This presentation includes projections that are considered "forward-looking statements" for purposes of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements concerning key earnings drivers, customer growth, estimated construction and other expenditures, environmental regulations and expenditures, estimated cash flow, leverage ratio, projections for pension fund contributions, financing activities, access to sources of capital, impacts of the adoption of new accounting rules, and factors affecting the availability of synthetic fuel tax credits. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and that actual results could differ materially from those indicated by such forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the following: (1) the information is of a preliminary nature and may be subject to further and/or continuing review and adjustment; (2) regulatory actions, particularly changes in rate regulation and environmental regulations; (3) current and future litigation; (4) changes in the economy, especially in areas served by subsidiaries of SCANA Corporation (SCANA, and together with its subsidiaries, the “Company”); (5) the impact of competition from other energy suppliers, including competition from alternate fuels in industrial interruptible markets; (6) growth opportunities for the Company’s regulated and diversified subsidiaries; (7) the results of financing efforts; (8) changes in accounting principles and in the Company’s accounting policies; (9) weather conditions, especially in areas served by the Company’s subsidiaries; (10) payment by counterparties as and when due; (11) the availability of fuels such as coal, natural gas and enriched uranium used to produce electricity; the availability of purchased power and natural gas for distribution; the level and volatility of future market prices for such fuels and purchased power; and the ability to recover the costs for such fuels and purchased power; (12) performance of the Company's pension plan assets; (13) inflation; (14) compliance with regulations; and (15) the other risks and uncertainties described from time to time in the Company’s periodic reports filed with the United States Securities and Exchange Commission. The Company disclaims any obligation to update any forward-looking statements.

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