Business & Finance
Business and Finance
Business and Finance
Thu, April 14, 2011
Wed, April 13, 2011 
JENKINSVILLE, S.C.--([ BUSINESS WIRE ])--South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), will take Unit 1 at the V.C. Summer Nuclear Station offline April 15 to begin a scheduled refueling outage. The outage, which follows an 18-month operating cycle, is the 19th for V.C. Summer Station since the plant began commercial operation in 1984.
"Wea™ve had a very safe and reliable operating cycle these past 18 months"
aWea™ve had a very safe and reliable operating cycle these past 18 months,a said Dan Gatlin, SCE&G vice president of nuclear operations. aOur employees are committed to operational excellence and safety at V.C. Summer, and we will continue to stay focused on safety during our upcoming refueling outage.a
Approximately one-third of Summer Station's 157 uranium fuel assemblies are replaced every 18 months. Refueling outages also allow SCE&G to perform preventive maintenance work that cannot be performed when the plant is in operation. While the 966-megawatt plant is out of service, SCE&Ga™s other generating plants will provide electric power for its customers.
PROFILE
SCE&G is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 661,000 customers in South Carolina. The company also provides natural gas service to approximately 314,000 customers throughout the state. More information about SCE&G is available at [ www.sceg.com ].
SCANA Corporation, a Fortune 500 company headquartered in Cayce, 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 Companya™s website at [ www.scana.com ].
SAFE HARBOR STATEMENT
Statements included in this press release which are not statements of historical fact are intended to be, and are hereby identified as, aforward-looking statementsa for purposes of Section27A of the Securities Act of 1933, as amended, and Section21E 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 and estimated construction and other expenditures. In some cases, forward-looking statements can be identified by terminology such as amay,a awill,a acould,a ashould,a aexpects,a aforecasts,a aplans,a aanticipates,a abelieves,a aestimates,a aprojects,a apredicts,a apotentiala or acontinuea 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, regulations governing electric grid reliability, environmental regulations, and actions affecting the construction of new nuclear units; (3) current and future litigation; (4) changes in the economy, especially in areas served by subsidiaries of SCANA Corporation (SCANA, and together with its subsidiaries, the Company); (5) the impact of competition from other energy suppliers, including competition from alternate fuels in industrial interruptible markets; (6) growth opportunities for SCANAa™s regulated and diversified subsidiaries; (7) the results of short- and long-term financing efforts, including future prospects for obtaining access to capital markets and other sources of liquidity; (8) changes in SCANAa™s or its subsidiariesa™ accounting rules and accounting policies; (9) the effects of weather, including drought, especially in areas where the Companya™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, construct and finance facilities for baseload electric generation and transmission; (12) the results of efforts to attract and retain joint venture partners for South Carolina Electric & Gas Companya™s (SCE&G) new nuclear generation project; (13) 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; (14) the availability of skilled and experienced human resources to properly manage, operate, and grow the Companya™s businesses; (15) labor disputes; (16) performance of SCANAa™s pension plan assets; (17) changes in taxes; (18) inflation or deflation; (19) compliance with regulations; and (20) the other risks and uncertainties described from time to time in the periodic reports filed by SCANA or SCE&G with the United States Securities and Exchange Commission. The Company disclaims any obligation to update any forward-looking statements.
