CAYCE, S.C., June 15, 2018 /PRNewswire/ -- South Carolina
Electric & Gas Company (SCE&G), principal subsidiary of
SCANA Corporation (NYSE: SCG), today filed with the Public Service
Commission of South Carolina and
the South Carolina Office of Regulatory Staff for a $22.6 million, or 5.29 percent, overall decrease
to its retail natural gas base rates. The decrease is driven
by the lower corporate tax rate under tax reform and the Company's
operating results.
SCE&G filed for a decrease under the terms of the Natural
Gas Rate Stabilization Act, a South
Carolina law designed to improve and maintain natural gas
service infrastructure to meet the needs of customers.
If approved, the rate decrease would be effective with the first
billing cycle of November. Residential natural gas customers would
see their bills decrease by approximately 7.4%, or
$4.09 per month based on annual
average usage.
PROFILE
SCANA Corporation, headquartered in Cayce, S.C., is an energy-based holding
company principally engaged, through subsidiaries, in electric and
natural gas utility operations and other energy-related businesses.
The Company serves approximately 723,000 electric customers in
South Carolina and approximately
1.3 million natural gas customers in South Carolina, North Carolina and Georgia. Information about SCANA and its
businesses is available on the Company's website at
www.scana.com.
SCE&G is a regulated public utility engaged in the
generation, transmission, distribution and sale of electricity to
approximately 723,000 customers, as well as provides natural gas
service to approximately 371,000 customers throughout South Carolina. More information about
SCE&G is available at www.sceg.com.
Media
Contact:
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Analyst
Contact:
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Rhonda
O'Banion
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Bryant
Potter
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(800)
562-9308
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(803)
217-6916
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SOURCE SCANA Corporation