x
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ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE
ACT OF 1934
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¨
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TRANSITION
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE
ACT OF 1934
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A.
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Full
title of the plan and the address of the plan, if different from that of
the issuer named below:
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B.
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Name
of issuer of the securities held pursuant to the plan and the address of
its principal executive office:
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Page
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Report
of Independent Registered Public Accounting Firm
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3
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Statements
of Net Assets Available For Benefits
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4
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Statement
of Changes in Net Assets Available for Benefits
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5
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Notes
to Financial Statements
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6
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Supplemental
Schedule
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Schedule
of Assets (Held at End of Year)
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Form
5500, Schedule H, Part IV, Line 4i
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13
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Signature
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14
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Note:
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All
other schedules required by Section 2520.103-10 of the Department of
Labor’s
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Rules
and Regulations for Reporting and Disclosure under the Employee
Retirement
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Income
Security Act of 1974 have been omitted because they are not
applicable.
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EXHIBIT
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23.01
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Consent
of Independent Registered Public Accounting Firm
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15
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December
31, (Thousands of Dollars)
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2008
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2007
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||||||
Assets:
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||||||||
Investments
at Fair Value -
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||||||||
Participant
Directed Investments
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$ | 573,314 | $ | 666,205 | ||||
Receivables:
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||||||||
Interest
Receivable
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13 | 0 | ||||||
Contributions
Receivable – Employee
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0 | 1,275 | ||||||
Contributions
Receivable – Employer
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1,451 | 1,395 | ||||||
SCANA
Corporation Dividends Receivable
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5,510 | 4,918 | ||||||
Total
Receivables
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6,974 | 7,588 | ||||||
Net Assets Available for Benefits at Fair Value
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580,288 | 673,793 | ||||||
Adjustments From Fair Value To Contract Value for
Fully
Benefit-Responsive Stable Value Funds
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3,430 | 139 | ||||||
Net
Assets Available for Benefits
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$ | 583,718 | $ | 673,932 |
For
the Year Ended December 31, 2008 (Thousands of Dollars)
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Additions:
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||||
Investment
Income -
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Interest
and Dividends
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$ | 28,956 | ||
Contributions:
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||||
Company
and Participating Subsidiaries’ Match
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20,193 | |||
Participating Employees
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27,971 | |||
Total
Contributions
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48,164 | |||
Total
Additions
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77,120 | |||
Deductions:
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||||
Net Depreciation in Fair Value of Investments | (132,999 | ) | ||
Distributions
to Participants
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(33,986 | ) | ||
Administrative
Expenses
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(349 | ) | ||
Total
Deductions
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(167,334 | ) | ||
Decrease
In Net Assets
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(90,214 | ) | ||
Net
Assets Available for Benefits, Beginning of Year
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673,932 | |||
Net
Assets Available for Benefits, End of Year
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$ | 583,718 |
(Thousands
of dollars)
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SCANA
Corporation Common Stock
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$ | (73,940 | ) | |
Common
Collective Trust Funds -
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INVESCO
500 Index Fund
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(5,987 | ) | ||
Mutual
Funds:
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American
Century Income & Growth Fund
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(1,447 | ) | ||
American
Funds Growth Fund of America
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41 | |||
Dodge
& Cox Stock Fund
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(14,082 | ) | ||
American
Funds EuroPacific Growth Fund
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(11,825 | ) | ||
Manager’s
Times Square Mid Cap Growth Fund
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(1,898 | ) | ||
PIMCO
Total Return Fund
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(800 | ) | ||
Pioneer
Oak Ridge Large Cap Growth Fund
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(2,691 | ) | ||
R S
Partners Fund (Small-Cap Value)
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(3,247 | ) | ||
T.
Rowe Price Mid Cap Value Fund
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(5,826 | ) | ||
Vanguard
Explorer Fund
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(3,230 | ) | ||
Vanguard
Target Retirement Income Fund
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(130 | ) | ||
Vanguard
Target Retirement 2005 Fund
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(326 | ) | ||
Vanguard
Target Retirement 2015 Fund
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(2,082 | ) | ||
Vanguard
Target Retirement 2025 Fund
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(3,094 | ) | ||
Vanguard
Target Retirement 2035 Fund
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(1,745 | ) | ||
Vanguard
Target Retirement 2045 Fund
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(690 | ) | ||
Total
Mutual Funds
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(53,072 | ) | ||
Net
depreciation in fair value of investments
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$ | (132,999 | ) | |
December
31, (Thousands of dollars)
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2008
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2007
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Statement
of net assets available for benefits:
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Net
assets available for benefits per the financial statements
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$ | 583,718 | $ | 673,932 | ||||
Adjustments
from contract value to fair value for fully
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benefit-responsive
stable value funds
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(3,430 | ) | (139 | ) | ||||
Net
assets available for benefits per the Form 5500, at fair
value
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$ | 580,288 | $ | 673,793 |
(Thousands
of dollars)
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Statement
of changes in net assets available for benefits:
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Decrease
in net assets per the financial statements
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$ | (90,214 | ) | |
Adjustments
from contract value to fair value for fully benefit-
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responsive
stable value funds
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(3,430 | ) | ||
Net
loss per Form 5500
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$ | (93,644 | ) |
6. Fair
Value Measurements
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The
assets held by the Plan are measured at fair value in accordance with SFAS
157. The Plan values common
stock and
mutual funds using unadjusted quoted prices from a national stock
exchange, such as NYSE and NASDAQ,
where
the securities are actively traded. Common collective trusts
and the stable value fund are valued based
primarily
on quoted prices from a national stock exchange for similar assets or
broker quotes. Loans to participants
are
valued at the outstanding loan balance which approximates fair
value.
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At
December 31, 2008, fair value measurements, and the level within the fair
value hierarchy of SFAS 157 in which
the
measurements fall, were as follows. All amounts are in
thousands of dollars.
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Fair
Value Measurements at Reporting Date Using
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Quoted
Market
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Prices
in Active
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Significant
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|||||||||||
Market
For
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Other
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Identical
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Observable
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Assets/Liabilities
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Inputs
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Description
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December
31, 2008
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(Level
1)
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(Level
2)
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Assets
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Common
Stock
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$ | 426,220 | $ | 426,220 | $ | - | ||||||
Mutual
Funds
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96,007 | 96,007 | - | |||||||||
Common
Collective Trusts
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10,086 | - | 10,086 | |||||||||
Stable
Value Fund
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21,959 | - | 21,959 | |||||||||
Loans
to Participants
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19,042 | - | 19,042 | |||||||||
Total
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$ | 573,314 | $ | 522,227 | $ | 51,087 | ||||||
Description
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Cost
**
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Current
Value
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*
SCANA Corporation Common Stock
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$ | 426,220 | |||
*
Common Collective Trust Funds:
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INVESCO
500 Index Fund
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10,086 | ||||
Merrill
Lynch Retirement Preservation Trust
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21,959 | ||||
Mutual
Funds:
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American
Century Income & Growth Fund
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2,560 | ||||
Dodge
& Cox Stock Fund
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16,389 | ||||
American
Funds EuroPacific Growth Fund
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14,836 | ||||
American
Funds Growth Fund of America
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4,126 | ||||
Manager’s
Times Square Mid Cap Growth Fund
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3,616 | ||||
PIMCO
Total Return Fund
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15,046 | ||||
R S
Partners Fund (Small-Cap Value)
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4,893 | ||||
T.
Rowe Price Mid Cap Value Fund
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10,485 | ||||
Vanguard
Explorer Fund
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4,675 | ||||
Vanguard
Target Retirement Income Fund
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890 | ||||
Vanguard
Target Retirement 2005 Fund
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1,444 | ||||
Vanguard
Target Retirement 2015 Fund
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5,563 | ||||
Vanguard
Target Retirement 2025 Fund
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7,040 | ||||
Vanguard
Target Retirement 2035 Fund
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3,043 | ||||
Vanguard
Target Retirement 2045 Fund
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1,401 | ||||
*
Loans to participants, with interest rates
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|||||
ranging
from 4.25% to 10.0% and maturities
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|||||
ranging
from 1 month to 10 years
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19,042 | ||||
$ | 573,314 | ||||
*
Denotes permitted party-in-interest
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**Cost
information is not required for participant-directed
investments
and,
therefore, is not included.
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SCANA
CORPORATION STOCK PURCHASE-SAVINGS PLAN
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BY:
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/s/Byron
W. Hinson
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Byron
W. Hinson, Plan Manager, on behalf of
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Date:
June 29, 2009
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The
SCANA Corporation Stock Purchase-Savings Plan
Committee
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