# SCANA

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American public energy utility

SCANA Corporation Industry Public utility Predecessor South Carolina Electric & Gas Company Carolina Energies Defunct January 2, 2019; 7 years ago (2019-01-02) Fate Acquired by Dominion Energy Headquarters Cayce Area served South Carolina North Carolina Georgia Key people Jimmy E. Addison (CEO) Revenue $4.407 billion (2017) Net income -$0.119 billion (2017) Total assets $18.739 billion (2017) Total equity $5.255 billion (2017) Number of employees 5,228 (2017) Footnotes [1]

**SCANA Corporation** was an American [regulated](/source/Regulation) [electric](/source/Electric) and [natural gas](/source/Natural_gas) [public utility](/source/Public_utility). The company was based in [Cayce, South Carolina](/source/Cayce%2C_South_Carolina), a suburb of [Columbia, South Carolina](/source/Columbia%2C_South_Carolina).[1] Following the [Nukegate scandal](/source/Nukegate_scandal), the company's stock fell and the company was in disrepair.[2] In January 2019, SCANA was acquired by [Dominion Energy](/source/Dominion_Energy). The corporate name SCANA was not an [acronym](/source/Acronym), but was taken from the letters in South Carolina (S [outh]-C-A-[roli] N-A).

The company operated 4 [hydroelectric](/source/Hydroelectric) plants, 1 [pumped-storage hydroelectricity](/source/Pumped-storage_hydroelectricity) plant, 4 coal [fossil fuel power station](/source/Fossil_fuel_power_station), the [Virgil C. Summer Nuclear Generating Station](/source/Virgil_C._Summer_Nuclear_Generating_Station), 1 [combined cycle](/source/Combined_cycle) power plant, 1 "re-powered" formerly coal-fired plant with a natural gas-powered steam unit and two combined cycle units, and 16 [simple cycle combustion turbines](/source/Simple_cycle_combustion_turbine). The total output was over 5,800 MW.

## History

See also: [Nukegate scandal](/source/Nukegate_scandal)

SCANA traced its history to 1846, when a group of Charleston business leaders formed the Charleston Gas Light Company.[3] Its corporate structure dated to 1924, with the formation of Broad River Power Company.[4] In 1925, Broad River bought the electric and gas properties of Columbia Railway, Gas and Electric Company. In 1937, the Broad River Power Company changed its name to South Carolina Electric & Gas Company.[4]

In 1942, SCE&G acquired Lexington Water Power Company. Lexington Water Power Company had built the [Saluda Dam](/source/Saluda_Dam), which created the 50,000-acre (202 km2) [Lake Murray](/source/Lake_Murray_(South_Carolina)), and was the largest man-made barrier built for power production in the world when completed in 1930.[5] In 1948, the company acquired South Carolina Power Company, successor to Charleston Gas Light, from the [Southern Company](/source/Southern_Company). In 1984, SCE&G reorganized as a holding company, SCANA, with SCE&G as its leading subsidiary.

In 1997, the company sold Scana Petroleum Resources Inc. for $110 million.[6] In 1999, the company sold its retail [propane](/source/Propane) assets for $86 million.[7] In February 2000, the company acquired Public Service of North Carolina for $673 million.[8][9] In March 2004, the company acquired 50,000 retail natural gas customers formerly served by Energy America in Georgia.[10]

On February 2, 2015, Carolina Gas Transmission was sold to [Dominion Resources](/source/Dominion_Resources) for $492.9 million.[11] Formed in November 2006, Carolina Gas Transmission was an interstate natural gas pipeline in South Carolina and Georgia regulated by the [Federal Energy Regulatory Commission](/source/Federal_Energy_Regulatory_Commission). Its predecessors were the South Carolina Pipeline Company and SCG Pipeline Company. Carolina Gas Transmission received gas from [Southern Natural Gas Company](/source/Southern_Natural_Gas_Company), Transcontinental Gas Pipe Line Corporation and the [Southern LNG](/source/Southern_LNG) terminal at [Elba Island, Georgia](/source/Elba_Island_(Georgia)).

On February 23, 2015, SCANA Communications was sold to Spirit Communications for $150 million.[12] SCANA Communications operated [fiber optic](/source/Fiber_optic) [long line](/source/Long_line_(telecommunications)) and [access networks](/source/Access_network) throughout South Carolina and in parts of North Carolina and Georgia in partnership with regional [interexchange carriers](/source/Interexchange_carrier). SCANA Communications also offered clients with [Point of presence](/source/Point_of_presence) (POP) equipment co-location at designated sites along the fiber route and had a state-of-the-art [data center](/source/Data_center) in downtown Columbia, South Carolina.[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*] Services included site acquisition, zoning support, build-to-suite, site management of existing towers, shared tenant [colocation centres](/source/Colocation_centre), and fiber backbone access.

After having spent $9 billion on construction, in July 2017, SCE&G abandoned the construction of two additional [AP1000](/source/AP1000) units at the [Virgil C. Summer Nuclear Generating Station](/source/Virgil_C._Summer_Nuclear_Generating_Station), following the bankruptcy of [Westinghouse Electric Company](/source/Westinghouse_Electric_Company).[13] Some investors and ratepayers filed lawsuits against SCE&G, and some federal and state agencies started investigations.[14][15] SCE&G proposed replacing the nuclear capacity with gas and solar generation with shareholders absorbing the costs of the abandoned nuclear plant and customer charges reverting to pre-nuclear project rates.[16]

In May 2018, the company acquired the Columbia Energy Center in [Gaston, South Carolina](/source/Gaston%2C_South_Carolina) for $180 million.[17][18] In January 2019, the company was acquired by [Dominion Energy](/source/Dominion_Energy).[3][19] By March 2019, the SCANA, SCE&G and PSNC names were retired.

## Divisions

SCE&G (South Carolina Electric & Gas Company) was engaged in the generation, transmission, distribution and sale of electricity to approximately 719,000 customers in a service area encompassing approximately 16,000 square miles (41,000 km2) in 24 counties of South Carolina and the purchase, sale and transportation of natural gas to approximately 368,000 customers in a service area encompassing approximately 23,000 square miles (60,000 km2) in all 35 counties of South Carolina.[1]

SCANA Energy, based in [Atlanta, Georgia](/source/Atlanta%2C_Georgia), was the second largest marketer of natural gas in Georgia, serving more than 425,000 customers. SCANA Energy also had a regulated unit, SCANA Energy Regulated Division, selected by the [Georgia Public Service Commission](/source/Georgia_Public_Service_Commission) to serve as the state’s only regulated natural gas provider.[1]

PSNC Energy (Public Service North Carolina Energy) is a regulated public utility engaged primarily in purchasing, transporting, distributing and selling natural gas to approximately 563,000 customers in a service area encompassing approximately 12,000 square miles (31,000 km2) in 28 counties of North Carolina. Its headquarters is in [Gastonia, North Carolina](/source/Gastonia%2C_North_Carolina).[1]

## References

1. ^ [***a***](#cite_ref-10K_1-0) [***b***](#cite_ref-10K_1-1) [***c***](#cite_ref-10K_1-2) [***d***](#cite_ref-10K_1-3) [***e***](#cite_ref-10K_1-4) ["SCANA Corporation 2017 Form 10-K Annual Report"](https://www.sec.gov/Archives/edgar/data/91882/000075473718000115/a12312017-10k.htm). [U.S. Securities and Exchange Commission](/source/U.S._Securities_and_Exchange_Commission).

1. **[^](#cite_ref-2)** Wilks, Avery G. (November 24, 2020). ["Ex-SCANA CEO Kevin Marsh pleading guilty to fraud charges tied to failed VC Summer project"](https://www.postandcourier.com/business/ex-scana-ceo-kevin-marsh-pleading-guilty-to-fraud-charges-tied-to-failed-vc-summer/article_ca9b00b0-2842-11eb-9244-5bf617c70794.html). *Post and Courier*. Retrieved December 25, 2020.

1. ^ [***a***](#cite_ref-seals_3-0) [***b***](#cite_ref-seals_3-1) WILKS, AVERY G. (January 2, 2019). ["Dominion completes buyout of SCANA after 17-month nuclear fiasco"](https://www.thestate.com/news/politics-government/article223761640.html). *[The State](/source/The_State_(newspaper))*.

1. ^ [***a***](#cite_ref-citywatch_4-0) [***b***](#cite_ref-citywatch_4-1) Fisher, Kevin (January 24, 2018). ["City Watch: Kill the Dominion Deal? Careful What You Wish For"](https://www.free-times.com/opinion/city-watch/city-watch-kill-the-dominion-deal-careful-what-you-wish/article_013dea24-007d-11e8-9bbd-47f547c7d9ae.html). *[Free Times](/source/Free_Times_(Columbia))*.

1. **[^](#cite_ref-5)** ["Wheel Turns at Big Saluda Dam"](https://www.newspapers.com/clip/15229144/lake_murray_wheel_turns_sep_30_1930/). *[The Greenville News](/source/The_Greenville_News)*. September 30, 1930.

1. **[^](#cite_ref-6)** ["KELLEY OIL TO PURCHASE SCANA UNIT FOR $110 MILLION"](https://www.nytimes.com/1997/10/23/business/company-news-kelley-oil-to-purchase-scana-unit-for-110-million.html). *[The New York Times](/source/The_New_York_Times)*. [Dow Jones & Company](/source/Dow_Jones_%26_Company). October 23, 1997.

1. **[^](#cite_ref-7)** ["SCANA TO SELL SOME ASSETS TO SUBURBAN PROPANE"](https://www.nytimes.com/1999/09/30/business/company-news-scana-to-sell-some-assets-to-suburban-propane.html). *[The New York Times](/source/The_New_York_Times)*. [Dow Jones & Company](/source/Dow_Jones_%26_Company). September 30, 1999.

1. **[^](#cite_ref-8)** ["SCANA closes Public Service acquisition"](https://www.bizjournals.com/triangle/stories/2000/02/07/daily18.html). *[American City Business Journals](/source/American_City_Business_Journals)*. February 10, 2000.

1. **[^](#cite_ref-9)** De Lisser, Eleena (February 18, 1999). ["Scana to Pay $673 Million To Acquire Public Service"](https://www.wsj.com/articles/SB919260820467736000). *[The Wall Street Journal](/source/The_Wall_Street_Journal)*.

1. **[^](#cite_ref-10)** ["SCANA Energy buys Energy America customers"](https://www.bizjournals.com/atlanta/stories/2004/03/01/daily28.html). *[American City Business Journals](/source/American_City_Business_Journals)*. March 3, 2004.

1. **[^](#cite_ref-11)** ["Dominion Completes Carolina Gas Transmission Acquisition"](https://www.prnewswire.com/news-releases/dominion-completes-carolina-gas-transmission-acquisition-300029035.html) (Press release). [PR Newswire](/source/PR_Newswire). February 2, 2015.

1. **[^](#cite_ref-12)** ["SCANA Announces the Closing of the Sale of SCANA Communications, Inc"](https://www.prnewswire.com/news-releases/scana-announces-the-closing-of-the-sale-of-scana-communications-inc-300039541.html) (Press release). [PR Newswire](/source/PR_Newswire). February 23, 2015.

1. **[^](#cite_ref-13)** Fretwell, Sammy (August 1, 2017). ["SCE&G customers shouldn't expect refunds for abandoned nuclear project"](http://www.thestate.com/news/local/article164881682.html). *[The State](/source/The_State_(newspaper))*.

1. **[^](#cite_ref-14)** Fretwell, Sammy (September 27, 2017). ["Is nuclear fiasco beginning of the end for SCANA?"](http://www.thestate.com/news/politics-government/article175800736.html). *[The State](/source/The_State_(newspaper))*.

1. **[^](#cite_ref-15)** McDermott, John (September 27, 2017). ["SCANA investor sues executives, board over failed South Carolina nuclear project"](https://www.postandcourier.com/business/scana-investor-sues-executives-board-over-failed-south-carolina-nuclear/article_d7410558-a3a7-11e7-8d70-93f51cd588e4.html). *[The Post and Courier](/source/The_Post_and_Courier)*.

1. **[^](#cite_ref-16)** ["SCE&G proposes gas, solar for Summer replacement"](http://www.world-nuclear-news.org/C-Gas-solar-proposed-by-SCEG-for-Summer-replacement-1711178.html). *[World Nuclear News](/source/World_Nuclear_News)*. November 17, 2017.

1. **[^](#cite_ref-17)** McDermott, John (May 10, 2018). ["South Carolina Electric & Gas finalizes $180M purchase of a Midlands power plant"](https://www.postandcourier.com/business/south-carolina-electric-gas-finalizes-m-purchase-of-a-midlands/article_7af90bc6-5453-11e8-9aa2-5f628c345e71.html). *[The Post and Courier](/source/The_Post_and_Courier)*.

1. **[^](#cite_ref-18)** ["South Carolina Electric & Gas Company replaces more than 40 percent of its nuclear project capacity with purchase of natural-gas-fired power plant"](https://www.prnewswire.com/news-releases/south-carolina-electric--gas-company-replaces-more-than-40-percent-of-its-nuclear-project-capacity-with-purchase-of-natural-gas-fired-power-plant-300645648.html) (Press release). [PR Newswire](/source/PR_Newswire). May 9, 2018.

1. **[^](#cite_ref-19)** ["Dominion Energy Combines With SCANA Corporation"](https://www.prnewswire.com/news-releases/dominion-energy-combines-with-scana-corporation-300771751.html) (Press release). [PR Newswire](/source/PR_Newswire). January 2, 2019.

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