COMMON EQUITY

12 Months Ended

Dec. 31, 2012

Stockholders' Equity Note [Abstract]

COMMON EQUITY

COMMON EQUITY

The Company’s articles of incorporation do not limit the dividends that may be paid on its common stock. However, SCANA’s junior subordinated indenture (relating to the Hybrids), SCE&G’s bond indenture (relating to the Bonds) and PSNC Energy’s note purchase and debenture purchase agreements each contain provisions that, under certain circumstances, which the Company considers to be remote, could limit the payment of cash dividends on their respective common stock.

With respect to hydroelectric projects, the Federal Power Act requires the appropriation of a portion of certain earnings therefrom. At December 31, 2012, approximately $61.0 million of retained earnings were restricted by this requirement as to payment of cash dividends on SCE&G’s common stock.

Cash dividends on SCANA’s common stock were declared during 2012, 2011 and 2010 at an annual rate per share of $1.98, $1.94 and $1.90, respectively.

The accumulated balances related to each component of accumulated other comprehensive loss were as follows:

Millions of Dollars	2012			2011
Net unrealized losses on cash flow hedging activities, net of taxes of $43 and $50	$	(70	)	$	(81	)
Net unrealized deferred costs of employee benefit plans, net of taxes of $10 and $8	(16		)	(13		)
Total	$	(86	)	$	(94	)

The Company recognized losses of $19 million, $7 million and $12 million, net of tax, as a result of qualifying cash flow hedges whose hedged transactions occurred during the years ended December 31, 2012, 2011 and 2010, respectively.

Authorized shares of common stock were 200 million as of December 31, 2012 and 2011.

SCANA issued common stock valued at $97.7 million, $97.8 million and $91.1 million (when issued) during the years ended December 31, 2012, 2011 and 2010, respectively, which was satisfied using original issue shares, through various compensation and dividend reinvestment plans, including the Stock Purchase Savings Plan.

SCANA issued common stock valued at $59.2 million (at time of issue) in a public offering on May 17, 2010 and entered into forward agreements for the sale of approximately 6.6 million shares.  The forward sales agreements are to be settled in the first quarter of 2013.

SCE&G

Stockholders' Equity Note [Abstract]

COMMON EQUITY

EQUITY

Authorized shares of SCE&G common stock were 50 million as of December 31, 2012 and 2011.  Authorized shares of SCE&G preferred stock were 20 million, of which 1,000 shares, no par value, were held by SCANA as of December 31, 2012 and 2011.

SCE&G’s articles of incorporation do not limit the dividends that may be paid on its common stock. However, SCE&G’s bond indenture contains provisions that, under certain circumstances, which SCE&G considers to be remote, could limit the payment of cash dividends on its common stock.

With respect to hydroelectric projects, the Federal Power Act requires the appropriation of a portion of certain earnings therefrom. At December 31, 2012, $61.0 million of retained earnings were restricted by this requirement as to payment of cash dividends on common stock.