AFFILIATED TRANSACTIONS - SCEG (SCEG)

3 Months Ended

Mar. 31, 2015

SCEG

Related Party Transactions Disclosure [Text Block]

AFFILIATED TRANSACTIONS

CGT transports natural gas to SCE&G to serve retail gas customers and certain electric generation requirements.  Prior to January 31, 2015, CGT was a wholly-owned subsidiary of SCANA, and SCE&G's transactions with CGT prior to January 31, 2015 were affiliated transactions. SCE&G's affiliated purchases from CGT totaled approximately $3.4 million and $5.5 million for the three months ended March 31, 2015 and 2014, respectively.  SCE&G's affiliated payables to CGT for transportation services were $3.3 million at December 31, 2014, and SCE&G's affiliated receivables from CGT related to such transportation services were $1.2 million at December 31, 2014.

SCE&G purchases natural gas and related pipeline capacity from SEMI to serve its retail gas customers and certain electric generation requirements.  Such purchases totaled approximately $34.6 million and $53.4 million for the three months ended March 31, 2015 and 2014, respectively.  SCE&G’s payables to SEMI for such purposes were $10.6 million at March 31, 2015 and $12.6 million at December 31, 2014.

SCE&G owns 40% of Canadys Refined Coal, LLC, which is involved in the manufacturing and sale of refined coal to reduce emissions. SCE&G accounts for this investment using the equity method.  SCE&G’s total purchases from this affiliate were $70.1 million and $39.2 million for the three months ended March 31, 2015 and 2014, respectively.  SCE&G’s total sales to this affiliate were $69.7 million and $39.0 million for the three months ended March 31, 2015 and 2014, respectively. SCE&G’s receivable from this affiliate was $18.5 million at March 31, 2015 and $27.8 million at December 31, 2014.  SCE&G’s payable to this affiliate was $18.6 million at March 31, 2015 and $27.9 million at December 31, 2014.

SCANA Services provides the following services to Consolidated SCE&G, which are rendered at direct or allocated cost: information systems services, telecommunications services, customer services, marketing and sales, human resources, corporate compliance, purchasing, financial services, risk management, public affairs, legal services, investor relations, gas supply and capacity management, strategic planning, general administrative services, and retirement benefits. In addition, SCANA Services processes and pays invoices for Consolidated SCE&G and is reimbursed. Costs for these services were $73.1 million and $76.2 million for the three months ended March 31, 2015 and 2014, respectively. Consolidated SCE&G's payables to SCANA Services for these services were $48.4 million at March 31, 2015 and $47.3 million at December 31, 2014.

Money pool borrowings from an affiliate are described in Note 4.