Exhibit 12.02

SOUTH CAROLINA ELECTRIC & GAS COMPANY

CALCULATION OF RATIOS

FOR THE YEAR ENDED DECEMBER 31, 2006

(Dollars in Millions)

CALCULATION OF BOND RATIO:

Net earnings (1)			$749.8
Divide by annualized interest charges on:
Bonds outstanding under SCE&G's bond indenture dated April 1, 1993 (Mortgage)	$	105.1
Other indebtedness (1)		2.1
Total annualized interest charges				10.7.2
Bond Ratio				6.99

(1)As defined in the Mortgage.

CALCULATION OF PREFERRED STOCK RATIO:

Net earnings (2)			$227.3
Divide by annualized interest charges on:
Bonds outstanding under SCE&G's mortgage bond indentures	$	107.2
Preferred dividend requirements		7.3
Total annualized interest charges				114.5
Preferred Stock Ratio				1.99

(2)As defined under SCE&G's Restated Articles of Incorporation.

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES:

	Years Ended December 31,
Dollars in Millions	2006		2005		2004		2003			2002
Fixed Charges as defined:
Interest on long-term debt	$	144.1	$	143.0	$	144.2	$	141.9		$	132.0
Amortization of debt premium, discount and expense (net)		3.8		4.2		4.2		3.5			3.1
Interest component on rentals		4.3		3.9		3.3		2.9			2.7
Preference security dividend requirement of consolidated subsidiary		-		-		-		1.7			3.8
Total Fixed Charges	$	152.2	$	151.1	$	151.7	$	150.0		$	141.6
Preference security dividend as defined:		11.8		11.8		11.9		11.9			11.9
Total Fixed Charges and Preference Security Dividend (A)		164.0		162.9		163.6		161.9			153.5
Earnings as defined:
Pretax income from continuing operations	$	331.5	$	113.7	$	362.8	$	338.3		$	341.5
Total fixed charges		152.2		151.1		151.7		150.0			141.6
Pre-tax equity in losses of investees		21.8		77.2		1.3		1.1			0.6
Preference security dividend requirements of consolidated subsidiary		-		-		-		(1.7	)		(3.8	)
Total Earnings (B)	$	505.5	$	342.0	$	515.8	$	487.7		$	479.9
Ratio of Earnings to Fixed Charges (B/A)		3.08		2.10		3.15		3.01			3.13