LONG-TERM AND SHORT-TERM DEBT

6 Months Ended

Jun. 30, 2016

Debt Instrument [Line Items]

Long-term Debt [Text Block]

LONG-TERM DEBT AND LIQUIDITY

Long-term Debt

In June 2016, SCE&G issued $425 million of 4.1% first mortgage bonds due June 15, 2046. In addition, SCE&G issued $75 million of 4.5% first mortgage bonds due June 1, 2064, which constituted a reopening of $300 million of 4.5% first mortgage bonds issued in May 2014. Proceeds from these sales were used to repay short-term debt primarily incurred as a result of SCE&G’s construction program, to finance capital expenditures, and for general corporate purposes.

In June 2016, PSNC Energy issued $100 million of 4.13% senior notes due June 22, 2046. Proceeds from this sale were used to repay short-term debt, to finance capital expenditures, and for general corporate purposes.

Substantially all electric utility plant is pledged as collateral in connection with long-term debt.

Liquidity

Credit agreements are used for general corporate purposes, including liquidity support for each company's commercial paper program and working capital needs and, in the case of Fuel Company, to finance or refinance the purchase of nuclear fuel, certain fossil fuels, and emission and other environmental allowances. Committed long-term facilities are revolving lines of credit under credit agreements with a syndicate of banks. Committed LOC, outstanding LOC advances, commercial paper, and LOC-supported letter of credit obligations were as follows: 

	June 30, 2016
Millions of dollars	Total		SCANA			Consolidated SCE&G			PSNC  Energy
Lines of credit:
Five-year, expiring December 2020	$	1,300.0	$	400.0		$	700.0		$	200.0
Fuel Company five-year, expiring December 2020	$	500.0	—			$	500.0		—
Three-year, expiring December 2018	$	200.0	—			$	200.0		—
Total committed long-term	$	2,000.0	$	400.0		$	1,400.0		$	200.0
Outstanding commercial paper (270 or fewer days)	$	668.5	$	82.4		$	586.1		—
Weighted average interest rate			1.10		%	0.84		%	—
Letters of credit supported by LOC	$	3.3	$	3.0		$	0.3		—
Available	$	1,328.2	$	314.6		$	813.6		$	200.0

	December 31, 2015
Millions of dollars	Total		SCANA			Consolidated SCE&G			PSNC  Energy
Lines of credit:
Five-year, expiring December 2020	$	1,300.0	$	400.0		$	700.0		$	200.0
Fuel Company five-year, expiring December 2020	$	500.0	—			$	500.0		—
Three-year, expiring December 2018	$	200.0	—			$	200.0		—
Total committed long-term	$	2,000.0	$	400.0		$	1,400.0		$	200.0
Outstanding commercial paper (270 or fewer days)	$	531.4	$	37.4		$	420.2		$	73.8
Weighted average interest rate			1.19		%	0.74		%	0.77		%
Letters of credit supported by LOC	$	3.3	$	3.0		$	0.3		—
Available	$	1,465.4	$	359.6		$	979.6		$	126.2

Each of the Company and Consolidated SCE&G is obligated with respect to an aggregate of $67.8 million of industrial revenue bonds which are secured by letters of credit issued by TD Bank N.A. These letters of credit expire, subject to renewal, in the fourth quarter of 2019.

    Consolidated SCE&G participates in a utility money pool with SCANA and another regulated subsidiary of SCANA. Money pool borrowings and investments bear interest at short-term market rates. Consolidated SCE&G’s interest income and expense from money pool transactions were not significant for any period presented. At June 30, 2016, Consolidated SCE&G had outstanding money pool borrowings due to an affiliate of $44.4 million. At December 31, 2015, Consolidated SCE&G had outstanding money pool borrowings due to an affiliate of $33.0 million and money pool investments due from an affiliate of $9.0 million. On its balance sheet, Consolidated SCE&G includes amounts due from an affiliate within Receivables-affiliated companies and amounts due to an affiliate within Affiliated payables.

SCEG

Debt Instrument [Line Items]

Long-term Debt [Text Block]

LONG-TERM DEBT AND LIQUIDITY

Long-term Debt

In June 2016, SCE&G issued $425 million of 4.1% first mortgage bonds due June 15, 2046. In addition, SCE&G issued $75 million of 4.5% first mortgage bonds due June 1, 2064, which constituted a reopening of $300 million of 4.5% first mortgage bonds issued in May 2014. Proceeds from these sales were used to repay short-term debt primarily incurred as a result of SCE&G’s construction program, to finance capital expenditures, and for general corporate purposes.

In June 2016, PSNC Energy issued $100 million of 4.13% senior notes due June 22, 2046. Proceeds from this sale were used to repay short-term debt, to finance capital expenditures, and for general corporate purposes.

Substantially all electric utility plant is pledged as collateral in connection with long-term debt.

Liquidity

Credit agreements are used for general corporate purposes, including liquidity support for each company's commercial paper program and working capital needs and, in the case of Fuel Company, to finance or refinance the purchase of nuclear fuel, certain fossil fuels, and emission and other environmental allowances. Committed long-term facilities are revolving lines of credit under credit agreements with a syndicate of banks. Committed LOC, outstanding LOC advances, commercial paper, and LOC-supported letter of credit obligations were as follows: 

	June 30, 2016
Millions of dollars	Total		SCANA			Consolidated SCE&G			PSNC  Energy
Lines of credit:
Five-year, expiring December 2020	$	1,300.0	$	400.0		$	700.0		$	200.0
Fuel Company five-year, expiring December 2020	$	500.0	—			$	500.0		—
Three-year, expiring December 2018	$	200.0	—			$	200.0		—
Total committed long-term	$	2,000.0	$	400.0		$	1,400.0		$	200.0
Outstanding commercial paper (270 or fewer days)	$	668.5	$	82.4		$	586.1		—
Weighted average interest rate			1.10		%	0.84		%	—
Letters of credit supported by LOC	$	3.3	$	3.0		$	0.3		—
Available	$	1,328.2	$	314.6		$	813.6		$	200.0

	December 31, 2015
Millions of dollars	Total		SCANA			Consolidated SCE&G			PSNC  Energy
Lines of credit:
Five-year, expiring December 2020	$	1,300.0	$	400.0		$	700.0		$	200.0
Fuel Company five-year, expiring December 2020	$	500.0	—			$	500.0		—
Three-year, expiring December 2018	$	200.0	—			$	200.0		—
Total committed long-term	$	2,000.0	$	400.0		$	1,400.0		$	200.0
Outstanding commercial paper (270 or fewer days)	$	531.4	$	37.4		$	420.2		$	73.8
Weighted average interest rate			1.19		%	0.74		%	0.77		%
Letters of credit supported by LOC	$	3.3	$	3.0		$	0.3		—
Available	$	1,465.4	$	359.6		$	979.6		$	126.2

Each of the Company and Consolidated SCE&G is obligated with respect to an aggregate of $67.8 million of industrial revenue bonds which are secured by letters of credit issued by TD Bank N.A. These letters of credit expire, subject to renewal, in the fourth quarter of 2019.

    Consolidated SCE&G participates in a utility money pool with SCANA and another regulated subsidiary of SCANA. Money pool borrowings and investments bear interest at short-term market rates. Consolidated SCE&G’s interest income and expense from money pool transactions were not significant for any period presented. At June 30, 2016, Consolidated SCE&G had outstanding money pool borrowings due to an affiliate of $44.4 million. At December 31, 2015, Consolidated SCE&G had outstanding money pool borrowings due to an affiliate of $33.0 million and money pool investments due from an affiliate of $9.0 million. On its balance sheet, Consolidated SCE&G includes amounts due from an affiliate within Receivables-affiliated companies and amounts due to an affiliate within Affiliated payables.