UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D. C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): February 15,
2008
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Commission
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Registrant,
State of Incorporation,
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I.R.S.
Employer
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File Number
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Address and Telephone
Number
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Identification No.
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1-8809
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SCANA
Corporation
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57-0784499
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(a
South Carolina corporation)
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1426
Main Street, Columbia, South Carolina 29201
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(803)
217-9000
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1-3375
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South
Carolina Electric & Gas Company
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57-0248695
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(a
South Carolina corporation)
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1426
Main Street, Columbia, South Carolina 29201
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(803)
217-9000
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Not
applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2.):
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
This
combined Form 8-K is separately furnished by SCANA Corporation and South
Carolina Electric & Gas Company. Information contained herein
relating to any individual company is furnished by such company on its own
behalf. Each company makes no representation as to information
relating to the other company.
Item
2.02 RESULTS OF OPERATIONS
AND FINANCIAL CONDITION
On February 15, 2008, SCANA Corporation
(together with its subsidiaries, the “Company”) issued the press release
attached hereto as Exhibit 99.1. The press release discloses a
non-GAAP measure, GAAP-adjusted net earnings from operations, which in 2006
excludes from net income the effects of the Company’s adoption of Statement of
Financial Accounting Standards 123(R), “Share-Based Payment” and the
favorable settlement of certain litigation. The Company’s management believes
that GAAP-adjusted net earnings from operations provides a meaningful
representation of the Company’s fundamental earnings power and can aid in
performing period-over-period financial analysis and comparison with peer group
data. In management’s opinion, GAAP-adjusted net earnings from operations is a
useful indicator of the financial results of the Company’s primary businesses.
This measure is also a basis for management’s provision of earnings guidance and
growth projections, and it is used by management in making resource allocation
and other budgetary and operational decisions. This non-GAAP performance measure
is not intended to replace the GAAP measure of net earnings, but is offered as a
supplement to it.
Item
8.01 OTHER
EVENTS
On February 15, 2008, the Company
posted information titled
“2008 - 2010 Projections for Capital Expenditures” to its website at
www.scana.com. The information is attached hereto as Exhibit
99.2.
Item
9.01 FINANCIAL STATEMENTS
AND EXHIBITS
(d) Exhibits
Exhibit
99.1 Press release dated February 15,
2008.
Exhibit
99.2 2008 – 2010 Projections for
Capital Expenditures
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, each of the
registrants has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized. The signature of each
registrant shall be deemed to relate only to matters having reference to such
registrant and any subsidiaries thereof.
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SCANA
Corporation
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South
Carolina Electric & Gas Company
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(Registrants)
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February
15, 2008
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By:
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/s/James E. Swan, IV
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James
E. Swan, IV
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Controller
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EXHIBIT
INDEX
Number
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99.1
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Press
release dated February 15, 2008
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99.2
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2008
– 2010 Projections for Capital
Expenditures
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