SEGMENT OF BUSINESS INFORMATION

12 Months Ended

Dec. 31, 2014

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

  SEGMENT OF BUSINESS INFORMATION

Reportable segments, which are described below, follow the same accounting policies as those described in Note 1. The Company records intersegment sales and transfers of electricity and gas based on rates established by the appropriate regulatory authority. Nonregulated sales and transfers are recorded at current market prices.

Electric Operations primarily generates, transmits and distributes electricity, and is regulated by the SCPSC and FERC.

Gas Distribution, comprised of the local distribution operations of SCE&G and PSNC Energy, purchases and sells natural gas, primarily at retail. SCE&G and PSNC Energy are regulated by the SCPSC and the NCUC, respectively.

Retail Gas Marketing markets natural gas in Georgia and is regulated as a marketer by the GPSC. Energy Marketing markets natural gas to industrial and large commercial customers and municipalities, primarily in the Southeast.

All Other is comprised of the holding company and its other direct and indirect wholly-owned subsidiaries. One of these subsidiaries operates a FERC-regulated interstate pipeline company and the other subsidiaries conduct nonregulated operations in energy-related and telecommunications industries. None of these subsidiaries met the quantitative thresholds for determining reportable segments during any period reported. See Note 13.

Regulated reportable segments share a similar regulatory environment and, in some cases, overlapping service areas. However, Electric Operations’ product differs from the other segments, as does its generation process and method of distribution. Marketing segments differ from each other in their respective markets and customer type.

Management uses operating income to measure segment profitability for SCE&G and other regulated operations and evaluates utility plant, net, for segments attributable to SCE&G. As a result, the Company does not allocate interest charges, income tax expense or assets other than utility plant to its segments. For nonregulated operations, management uses net income as the measure of segment profitability and evaluates total assets for financial position. Interest income is not reported by segment and is not material. The Company’s deferred tax assets are netted with deferred tax liabilities for reporting purposes.

The consolidated financial statements report operating revenues which are comprised of the energy-related and regulated segments. Revenues from non-reportable and nonregulated segments are included in Other Income. Therefore the adjustments to total operating revenues remove revenues from non-reportable segments. Adjustments to net income consist of the unallocated net income of the Company's regulated reportable segments.

 Segment Assets include utility plant, net for SCE&G’s Electric Operations and Gas Distribution, and all assets for PSNC Energy and the remaining segments. As a result, adjustments to assets include non-utility plant and non-fixed assets for SCE&G.

Adjustments to Interest Expense, Income Tax Expense, Expenditures for Assets and Deferred Tax Assets include primarily the totals from SCANA or SCE&G that are not allocated to the segments. Interest Expense is also adjusted to eliminate charges between affiliates. Adjustments to Depreciation and Amortization consist of non-reportable segment expenses, which are not included in the depreciation and amortization reported on a consolidated basis. Expenditures for Assets are adjusted for AFC and revisions to estimated cash flows related to asset retirement obligations. Deferred Tax Assets are adjusted to net them against deferred tax liabilities on a consolidated basis.

Disclosure of Reportable Segments (Millions of dollars) 

	Electric Operations		Gas Distribution		Retail Gas Marketing		Energy Marketing		All Other			Adjustments/ Eliminations			Consolidated Total
2014
External Revenue	$	2,622	$	1,012	$	515	$	786	$	37		$	(21	)	$	4,951
Intersegment Revenue	7		2		—		196		437			(642		)	—
Operating Income	768		159		n/a		n/a		27			53			1,007
Interest Expense	19		22		1		—		5			265			312
Depreciation and Amortization	300		72		2		—		24			(14		)	384
Income Tax Expense	7		33		16		3		12			177			248
Net Income	n/a		n/a		26		5		(6		)	513			538
Segment Assets	10,182		2,487		140		150		1,474			2,419			16,852
Expenditures for Assets	936		200		—		2		52			(98		)	1,092
Deferred Tax Assets	11		29		11		9		15			(75		)	—
2013
External Revenue	$	2,423	$	942	$	465	$	652	$	40		$	(27	)	$	4,495
Intersegment Revenue	6		1		—		167		416			(590		)	—
Operating Income	679		153		n/a		n/a		27			51			910
Interest Expense	19		22		1		—		4			251			297
Depreciation and Amortization	297		70		3		—		26			(18		)	378
Income Tax Expense	6		33		15		4		14			151			223
Net Income	n/a		n/a		24		6		(2		)	443			471
Segment Assets	9,488		2,340		172		133		1,378			1,653			15,164
Expenditures for Assets	907		140		—		1		31			27			1,106
Deferred Tax Assets	10		27		8		2		14			(61		)	—
2012
External Revenue	$	2,446	$	764	$	413	$	543	$	45		$	(35	)	$	4,176
Intersegment Revenue	7		1		—		125		416			(549		)	—
Operating Income	668		141		n/a		n/a		22			28			859
Interest Expense	21		23		1		—		3			247			295
Depreciation and Amortization	278		67		3		—		25			(17		)	356
Income Tax Expense	7		32		7		3		15			118			182
Net Income	n/a		n/a		11		5		1			403			420
Segment Assets	8,989		2,292		153		122		1,415			1,645			14,616
Expenditures for Assets	999		123		—		1		14			(60		)	1,077
Deferred Tax Assets	9		26		10		4		17			(55		)	11

SCE&G

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

SEGMENT OF BUSINESS INFORMATION

Consolidated SCE&G’s reportable segments follow the same accounting policies as those described in Note 1.

Electric Operations primarily generates, transmits, and distributes electricity, and is regulated by the SCPSC and FERC. Gas Distribution purchases and sells natural gas, primarily at retail, and is regulated by the SCPSC.

Disclosure of Reportable Segments (Millions of dollars)

	Electric Operations		Gas Distribution		Adjustments/ Eliminations			Consolidated Total
2014
External Revenue	$	2,629	$	462	—			$	3,091
Operating Income	768		62		—			830
Interest Expense	19		—		$	209		228
Depreciation and Amortization	300		27		(12		)	315
Segment Assets	10,182		721		3,204			14,107
Expenditures for Assets	936		55		(57		)	934
Deferred Tax Assets	11		n/a		(11		)	—
2013
External Revenue	$	2,431	$	414	—			$	2,845
Operating Income	679		58		—			737
Interest Expense	19		—		$	198		217
Depreciation and Amortization	294		26		(7		)	313
Segment Assets	9,488		686		2,526			12,700
Expenditures for Assets	907		45		51			1,003
Deferred Tax Assets	10		n/a		(10		)	—
2012
External Revenue	$	2,453	$	356	—			$	2,809
Operating Income	668		49		—			717
Interest Expense	21		—		$	190		211
Depreciation and Amortization	278		25		(10		)	293
Segment Assets	8,989		659		2,456			12,104
Expenditures for Assets	999		56		(77		)	978
Deferred Tax Assets	9		n/a		(9		)	—

Management uses operating income to measure segment profitability for regulated operations and evaluates utility plant, net, for its segments. As a result, Consolidated SCE&G does not allocate interest charges, income tax expense, earnings available to common shareholder or assets other than utility plant to its segments. Intersegment revenue and interest income were not significant. Consolidated SCE&G’s deferred tax assets are netted with deferred tax liabilities for reporting purposes.

The consolidated financial statements report operating revenues which are comprised of the reportable segments. Revenues from non-reportable segments are included in Other Income. Segment Assets include utility plant, net for all reportable segments. As a result, adjustments to assets include non-utility plant and non-fixed assets for the segments. Adjustments to Interest Expense and Deferred Tax Assets include amounts that are not allocated to the segments. Expenditures for Assets are adjusted for revisions to estimated cash flows related to asset retirement obligations, and totals not allocated to other segments.