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AFFILIATED TRANSACTIONS - SCEG (SOUTH CAROLINA ELECTRIC AND GAS COMPANY)
 6 Months Ended
Jun. 30, 2011
SOUTH CAROLINA ELECTRIC AND GAS COMPANY
  
AFFILIATED TRANSACTIONS

10.                                 AFFILIATED TRANSACTIONS

 

CGT transports natural gas to SCE&G to supply certain electric generation requirements and to serve SCE&G’s retail gas customers.  SCE&G had approximately $2.5 million and $2.1 million payable to CGT for transportation services at June 30, 2011 and December 31, 2010, respectively.

 

SCE&G purchases natural gas and related pipeline capacity from SEMI to supply its Jasper County Electric Generating Station, Urquhart Electric Generation Station and to serve its retail gas customers.  Such purchases totaled approximately $96.7 million and $89.0 million for the six months ended June 30, 2011 and 2010, respectively.  SCE&G’s payables to SEMI for such purposes were $17.4 million and $16.1 million as of June 30, 2011 and December 31, 2010, respectively.

 

SCE&G owns 40% of Canadys Refined Coal, LLC and 10% of Cope Refined Coal, LLC, both involved in the manufacturing and selling of refined coal to reduce emissions.  SCE&G accounts for these investments using the equity method.  SCE&G’s receivables from these affiliates were $16.9 million at June 30, 2011 and insignificant at December 31, 2010.  SCE&G’s payables to these affiliates were $17.0 million at June 30, 2011 and insignificant at December 31, 2010.  SCE&G’s total purchases were $53.3 million and $40.8 million for the six months ended June 30, 2011 and 2010, respectively.  SCE&G’s total sales were $53.1 million and $40.4 million for the six months ended June 30, 2011 and 2010, respectively.

 

Consolidated SCE&G participates in a utility money pool.  Money pool borrowings and investments bear interest at short-term market rates.  Consolidated SCE&G’s interest income and expense from money pool transactions was not significant for the six months ended June 30, 2011 or 2010.  At June 30, 2011 and December 31, 2010, Consolidated SCE&G owed an affiliate $62.5 million and $71.0 million, respectively.