INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Investments, Owned, Federal Income Tax Note [Line Items]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

:

Millions of dollars	2013			2012			2011
Current taxes:
Federal	$	161		$	103		$	52
State	17			10			10
Total current taxes	178			113			62
Deferred taxes, net:
Federal	39			72			122
State	10			14			12
Total deferred taxes	49			86			134
Investment tax credits:
Amortization of amounts deferred-state	(1		)	(14		)	(25		)
Amortization of amounts deferred-federal	(3		)	(3		)	(3		)
Total investment tax credits	(4		)	(17		)	(28		)
Total income tax expense	$	223		$	182		$	168

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

:

Millions of dollars	2013			2012			2011
Net income	$	471		$	420		$	387
Income tax expense	223			182			168
Total pre-tax income	$	694		$	602		$	555
Income taxes on above at statutory federal income tax rate	$	243		$	211		$	194
Increases (decreases) attributed to:
State income taxes (less federal income tax effect)	22			19			15
State investment tax credits (less federal income tax effect)	(5		)	(13		)	(16		)
Allowance for equity funds used during construction	(9		)	(8		)	(5		)
Deductible dividends—Stock Purchase Savings Plan	(10		)	(9		)	(9		)
Amortization of federal investment tax credits	(3		)	(3		)	(3		)
Section 45 tax credits	(5		)	(5		)	(2		)
Domestic production activities deduction	(11		)	(9		)	(6		)
Other differences, net	1			(1		)	—
Total income tax expense	$	223		$	182		$	168

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

:

Millions of dollars	2013		2012
Deferred tax assets:
Nondeductible accruals	$	84	$	143
Asset retirement obligation, including nuclear decommissioning	220		214
Financial instruments	32		43
Unamortized investment tax credits	19		22
Regulatory liability, net gain on interest rate derivative contracts settlement	27		—
Unbilled revenue	—		14
Monetization of bankruptcy claim	11		12
Other	13		15
Total deferred tax assets	406		463
Deferred tax liabilities:
Property, plant and equipment	$	1,765	$	1,718
Deferred employee benefit plan costs	63		148
Regulatory asset-asset retirement obligation	121		113
Deferred fuel costs	25		48
Regulatory asset, unrecovered plant	55		7
Other	84		71
Total deferred tax liabilities	2,113		2,105
Net deferred tax liability	$	1,707	$	1,642

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

Millions of dollars	2013		2012			2011
Unrecognized tax benefits, January 1	—		$	38		$	36
Gross increases—uncertain tax positions in prior period	—		—			5
Gross decreases—uncertain tax positions in prior period	—		(38		)	(8		)
Gross increases—current period uncertain tax positions	$	3	—			5
Settlements	—		—			—
Lapse of statute of limitations	—		—			—
Unrecognized tax benefits, December 31	$	3	$	—		$	38

SCE&G

Investments, Owned, Federal Income Tax Note [Line Items]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

income tax expense for 2013, 2012, and 2011 are as follows:

Millions of dollars	2013			2012			2011
Current taxes:
Federal	$	146		$	91		$	52
State	13			8			12
Total current taxes	159			99			64
Deferred taxes, net:
Federal	25			62			98
State	9			12			6
Total deferred taxes	34			74			104
Investment tax credits:
Amortization of amounts deferred—state	(1		)	(13		)	(25		)
Amortization of amounts deferred—federal	(3		)	(3		)	(3		)
Total investment tax credits	(4		)	(16		)	(28		)
Total income tax expense	$	189		$	157		$	140

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The difference between actual income tax expense and the amount calculated from the application of the statutory 35% federal income tax rate to pre-tax income is reconciled as follows:

Millions of dollars	2013			2012			2011
Net income	$	380		$	341		$	306
Income tax expense	189			157			140
Noncontrolling interest	11			11			10
Total pre-tax income	$	580		$	509		$	456
Income taxes on above at statutory federal income tax rate	$	203		$	178		$	159
Increases (decreases) attributed to:
State income taxes (less federal income tax effect)	18			17			12
State investment tax credits (less federal income tax effect)	(5		)	(13		)	(16		)
Allowance for equity funds used during construction	(9		)	(7		)	(5		)
Amortization of federal investment tax credits	(3		)	(3		)	(3		)
Section 45 tax credits	(5		)	(5		)	(2		)
Domestic production activities deduction	(11		)	(9		)	(6		)
Other differences, net	1			(1		)	1
Total income tax expense	$	189		$	157		$	140

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of significant temporary differences comprising Consolidated SCE&G’s net deferred tax liability at December 31, 2013 and 2012 are as follows:

Millions of dollars	2013		2012
Deferred tax assets:
Nondeductible accruals	$	17	$	73
Asset retirement obligation, including nuclear decommissioning	209		204
Unamortized investment tax credits	19		21
Unbilled revenue	—		14
Regulatory liability, net gain on interest rate derivative contracts settlement	27		—
Other	11		13
Total deferred tax assets	283		325
Deferred tax liabilities:
Property, plant and equipment	$	1,494	$	1,461
Regulatory asset-asset retirement obligation	114		107
Deferred employee benefit plan costs	54		127
Deferred fuel costs	26		49
Regulatory asset, unrecovered plant	55		7
Other	62		53
Total deferred tax liabilities	1,805		1,804
Net deferred tax liability	$	1,522	$	1,479

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

2009.

Changes to Unrecognized Tax Benefits

Millions of dollars	2013		2012			2011
Unrecognized tax benefits, January 1	—		$	38		$	36
Gross increases-uncertain tax positions in prior period	—		—			5
Gross decreases-uncertain tax positions in prior period	—		(38		)	(8		)
Gross increases-current period uncertain tax positions	$	3	—			5
Settlements	—		—			—
Lapse of statute of limitations	—		—			—
Unrecognized tax benefits, December 31	$	3	$	—		$	38