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): December 17,
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. below):
¨ 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)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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This
combined Form 8-K is separately filed by SCANA Corporation and South Carolina
Electric & Gas Company. Information contained herein relating to any
individual company is filed by such company on its own behalf. Each
company makes no representation as to information relating to the other
company.
Item
8.01 OTHER EVENTS
On May
23, 2008, South Carolina Electric & Gas Company (SCE&G), a principal
subsidiary of SCANA Corporation (SCANA), for itself and as agent for the South
Carolina Public Service Authority, entered into an engineering, procurement and
construction (EPC) contract for two Westinghouse AP1000 nuclear units to be
constructed at the site of the V. C. Summer Nuclear Station near Jenkinsville,
South Carolina. In connection with SCE&G’s entry into the EPC
contract, SCE&G and SCANA filed a Form 8-K on May 30, 2008, which was
amended on August 28, 2008, disclosing material provisions of the EPC contract,
including certain aggregate EPC contract price and overall project cost
estimates.
In a
regulatory proceeding before the South Carolina Public Service Commission on
December 17, 2008, SCE&G gave testimony containing certain additional
information regarding components of SCE&G’s EPC contract price and overall
project cost estimates. The following table is provided in order to
disclose that additional information and to clarify disclosures to date
regarding SCE&G’s EPC contract price and overall project cost estimates (all
amounts reflect SCE&G’s 55% share only):
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Billions of dollars
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Un-escalated
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Projected
Escalation
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Total
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EPC
Contract Price
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$ | 3.5 | $ | 1.0 | $ | 4.5 | ||||||
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Owner’s
Costs
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.3 | .1 | .4 | |||||||||
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Contingencies
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.4 | .1 | .5 | |||||||||
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Transmission
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.3 | .3 | .6 | |||||||||
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Allowance
for Funds Used During Construction (AFC)
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.3 | - | .3 | |||||||||
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Total
Overall Project Cost
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$ | 4.8 | $ | 1.5 | $ | 6.3 | ||||||
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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December
19, 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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