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SCANA CORPORATION REPORTS FIRST QUARTER EARNINGS, DECLARES REGULAR DIVIDENDS ON COMMON AND PREFERRED STOCK, STOCKHOLDERS ELECT DIRECTOR

SCANA CORPORATION REPORTS FIRST QUARTER EARNINGS, DECLARES REGULAR DIVIDENDS ON COMMON AND PREFERRED STOCK, STOCKHOLDERS ELECT DIRECTOR
 COLUMBIA, S.C., April 22 /PRNewswire/ -- SCANA Corporation (NYSE: SCG) today reported consolidated net income for the first quarter of 1992 of $34.1 million, or $.83 per weighted average share of common stock, down from $38.6 million, or $.94 per share in the first quarter of 1991. William B. Timmerman, senior vice president and chief financial officer, attributed the earnings decline primarily to higher non-fuel operating and maintenance expenses and lower nonoperating income, which more than offset the impact of colder weather this year on sales of electricity and natural gas.
 Consolidated net income for the twelve months ended March 31, 1992 was $131.4 million, or $3.26 per share compared to $140.2 million, or $3.43 per share for the same period a year ago after excluding a one-time gain of $46.1 million, or $1.13 per share resulting from the sale of the Company's investment in Telecom-USA in August 1990.
 The Company also announced that its Board of Directors, at a meeting held today, declared the regular quarterly dividend of 67 cents per share of common stock for the quarter ending June 30, 1992. This dividend is payable July 1, 1992 to stockholders of record at the close of business on June 10, 1992.
 The Board also declared the regular quarterly dividends on the following series of cumulative preferred stock of South Carolina Electric & Gas Company (SCE&G), SCANA's principal subsidiary, for the quarter ending June 30, 1992:
 $50 Par Value:
 56 1/4 cents per share on the 4.50 percent Series
 57 1/2 cents per share on the 4.60 percent Series
 57 1/2 cents per share on the 4.60 percent Series A
 57 1/2 cents per share on the 4.60 percent Series B
 62 1/2 cents per share on the 5 percent Series
 64 1/16 cents per share on the 5.125 percent Series
 75 cents per share on the 6 percent Series
 $1.09 per share on the 8.72 percent Series
 $1.175 per share on the 9.40 percent Series
 $100 Par Value:
 $1.925 per share on the 7.70 percent Series
 $2.03 per share on the 8.12 percent Series
 $2.10 per share on the 8.40 percent Series
 Dividends on the preferred stocks are also payable July 1, 1992 to holders of record on June 10, 1992. The 5 percent Series is listed on the New York Stock Exchange -- the trading symbol is "SAC Pr."
 In other news, the Company announced that at its Annual Meeting of Stockholders held today in Columbia, W.B. Bookhart, Jr., J.B. Edwards, W.H. Hipp, F.C. McMaster and J.B. Rhodes were re-elected to three-year terms on SCANA's Board of Directors that will expire at the Company's Annual Meeting in 1995. Also elected to a three-year term on the Company's Board of Directors was Elaine T. Freeman from Spartanburg, S.C. Mrs. Freeman is Executive Director of the ETV Endowment of South Carolina, Inc. In other business, stockholders ratified the appointment of the accounting firm of Deloitte & Touche as independent public accountants to audit the books of the Company for the year ending December 31, 1992 and approved the SCANA Corporation Performance Share Plan, a long-term executive compensation incentive plan.
 Comparative earnings for the 3 months and 12 months ended March 31, 1992 and 1991 are summarized in the following table:
 Consolidated Earnings Summary
 (000's except per share amounts)
 (Unaudited)
 3 Months Ended March 31,
 1992 1991
 Total Operating Revenues $ 297,414 $ 297,993(A)
 Net Income $ 34,132 $ 38,573
 Weighted Average Common Shares
 Outstanding 40,880 40,882
 Earnings Per Weighted Average
 Common Share $.83 $.94
 12 Months Ended March 31,
 1992 1991
 Total Operating Revenues $1,146,039 $1,155,006(A)
 Net Income:
 From Operations $ 131,410 $ 140,244
 From Sale of Telecom-USA
 Investment -- 46,150
 Total Net Income $ 131,410 $ 186,394
 Weighted Average Common Shares
 Outstanding 40,362 40,882
 Earnings Per Weighted Average
 Common Share:
 From Operations $3.26 $3.43
 From Sale of Telecom-USA Investment -- 1.13
 Total Earnings Per Weighted Average
 Common Share $3.26 $4.56
 (A) Certain operating revenues in 1991 have been reclassified to reflect changes in presentation of interchange power sales pursuant to FERC Order No. 529. There is no impact on net income from these reclassifications.
 SCANA Corporation, headquartered in Columbia, S.C., is an energy-based holding company engaged, through subsidiaries, in regulated electric and natural gas utility businesses and non-regulated diversified businesses.
 -0- 4/22/92
 /CONTACT: H. John Winn, III, Manager, Investor Relations, SCANA Corporation, 803-748-3240/
 (SCG) CO: SCANA Corporation ST: South Carolina IN: UTI SU: PER ERN DIV


DF -- CH007 -- 1347 04/22/92 13:54 EDT
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Date:Apr 22, 1992
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