DISPOSITIONS

In December 2014, SCANA entered into definitive agreements to sell CGT and SCI. CGT is an interstate natural gas pipeline regulated by FERC that transports natural gas in South Carolina and southeastern Georgia, and it was sold to Dominion Resources, Inc. SCI provides fiber optic communications and other services and builds, manages and leases communications towers in several southeastern states, and it was sold to Spirit Communications. These sales closed in the first quarter of 2015. Proceeds from these sales, net of transaction costs, were approximately $625 million, and the estimated pre-tax gain on the sales to be recognized during the first quarter of 2015 is approximately $350 million.

CGT and SCI operate principally in wholesale markets, whereas the Company's primary focus is the delivery of energy-related products and services to retail markets. In addition, neither CGT nor SCI meet accounting criteria for disclosure as a reportable segment. Accordingly, segment disclosures related to them are included within All Other in Note 12. As a result, the Company has determined that the sales of CGT and SCI do not represent a strategic shift that will have a major effect on its operations, and therefore, these sales do not meet the criteria for classification as discontinued operations.

The carrying values of the major classes of assets and liabilities classified as held for sale in the consolidated balance sheet as of December 31, 2014, were as follows:



Millions of dollars	CGT		SCI		Total
Assets Held for Sale
Utility Plant, Net	$	288.4	—		$	288.4
Nonutility Property and Investments, Net	0.6		$	40.1	40.7
Current Assets	6.5		3.9		10.4
Deferred Debits and Other Assets	0.9		0.2		1.1
Total Assets Held for Sale	$	296.4	$	44.2	$	340.6

Liabilities Held for Sale
Current Liabilities	$	3.5	$	2.2	$	5.7
Deferred Credits and Other Liabilities	42.9		3.1		46.0
Total Liabilities Held for Sale	$	46.4	$	5.3	$	51.7