COLUMBIA, S.C., Aug 28, 2008 (BUSINESS WIRE) -- Today, SCANA Corporation (NYSE: SCG) and its principal
subsidiary, South Carolina Electric & Gas Company (SCE&G) (combined, the
Company), filed a joint Form 8-K/A with the Securities and Exchange
Commission which provided additional information related to the
Engineering, Procurement and Construction (EPC) contract with
Westinghouse Electric Company, LLC, and a subsidiary of The Shaw Group
Inc., Stone & Webster, Inc., for two 1,117-megawatt nuclear
electric-generating units at the site of the V.C. Summer Nuclear
Station, near Jenkinsville, S.C.

SCE&G and Santee Cooper, a state-owned electric and water utility in
South Carolina, are joint owners and share operating costs and
generating output of the existing V. C. Summer Nuclear Station's
966-megawatt unit in the proportion of two-thirds and one-third,
respectively. Under a similar arrangement, the new units described above
are to be jointly owned, and operating costs and output will be shared
in the proportion of 55 percent and 45 percent, respectively. As with
the existing unit, SCE&G will be the operator of the new units.
Westinghouse and some of its affiliates provide certain engineering and
fuel fabrication services and certain materials, services and equipment
used at V. C. Summer.

As part of the initial Form 8-K filing dated May 23, 2008, the Company
had provided a total estimated shared cost of approximately $9.8 billion
for the two new nuclear units, including forecasted inflation, owner's
costs, and contingencies; SCE&G's 55
percent share of that total is about $5.4 billion. The Form 8-K/A filed
today discloses the contract price for the two units, excluding
inflation, owner's costs and contingencies, of
approximately $6.4 billion; SCE&G's 55
percent share of the contract price is about $3.5 billion.

PROFILES

SCE&G is a regulated public utility engaged in the generation,
transmission, distribution and sale of electricity to approximately
646,000 customers in South Carolina. The company also provides natural
gas service to approximately 303,000 customers throughout the state.
Information about SCE&G, including a copy of the BLRA application and
the Form 8-K/A, is available on the company's
web site at www.sceg.com.

SCANA Corporation, a Fortune 500 company headquartered in Columbia, SC,
is an energy-based holding company principally engaged, through
subsidiaries, in electric and natural gas utility operations and other
energy-related businesses. Information about SCANA and its businesses is
available on the Company's web site at www.scana.com.

SAFE HARBOR STATEMENT -- SCANA CORPORATION

Statements included in this press release which are not statements of
historical fact are intended to be, and are hereby identified as, "forward-looking
statements" for purposes of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements
include, but are not limited to, statements concerning key earnings
drivers, customer growth, environmental regulations and expenditures,
leverage ratio, projections for pension fund contributions, financing
activities, access to sources of capital, impacts of the adoption of new
accounting rules, estimated construction and other expenditures and
factors affecting the availability of synthetic fuel tax credits. In
some cases, forward-looking statements can be identified by terminology
such as "may," "will,"
"could," "should,"
"expects," "plans,"
"anticipates," "believes,"
"estimates," "projects,"
"predicts," "potential"
or "continue" or
the negative of these terms or other similar terminology. Readers are
cautioned that any such forward-looking statements are not guarantees of
future performance and involve a number of risks and uncertainties, and
that actual results could differ materially from those indicated by such
forward-looking statements. Important factors that could cause actual
results to differ materially from those indicated by such
forward-looking statements include, but are not limited to, the
following: (1) the information is of a preliminary nature and may be
subject to further and/or continuing review and adjustment; (2)
regulatory actions, particularly changes in rate regulation and
environmental regulations; (3) current and future litigation; (4)
changes in the economy, especially in areas served by subsidiaries of
SCANA Corporation (SCANA); (5) the impact of competition from other
energy suppliers, including competition from alternate fuels in
industrial interruptible markets; (6) growth opportunities for SCANA's
regulated and diversified subsidiaries; (7) the results of financing
efforts; (8) changes in SCANA's or its
subsidiaries' accounting rules and accounting
policies; (9) the effects of weather, including drought, especially in
areas where the Company's generation and
transmission facilities are located and in areas served by SCANA's
subsidiaries; (10) payment by counterparties as and when due; (11) the
results of efforts to license, site and construct facilities for
baseload electric generation; (12) the availability of fuels such as
coal, natural gas and enriched uranium used to produce electricity; the
availability of purchased power and natural gas for distribution; the
level and volatility of future market prices for such fuels and
purchased power; and the ability to recover the costs for such fuels and
purchased power; (13) performance of SCANA's
pension plan assets; (14) inflation; (15) compliance with regulations;
and (16) the other risks and uncertainties described from time to time
in the periodic reports filed by SCANA or South Carolina Electric & Gas
Company (SCE&G) with the United States Securities and Exchange
Commission (SEC). The Company disclaims any obligation to update any
forward-looking statements.

SOURCE: SCANA Corporation

SCANA Media Contact: 
Eric Boomhower, 803-217-7701 
eboomhower@scana.com 
or 
SCANA Investor Contact: 
Bryan Hatchell, 803-217-7458 
bhatchell@scana.com

Copyright Business Wire 2008