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SCANA CORPORATION SELLS 2 MILLION SHARES OF COMMON STOCK

 SCANA CORPORATION SELLS 2 MILLION SHARES OF COMMON STOCK
 COLUMBIA, S.C., Nov. 11 /PRNewswire/ -- SCANA Corporation (NYSE: SCG) today sold 2,000,000 shares of its common stock to a group of underwriters co-managed by PaineWebber Incorporated, The Robinson- Humphrey Company, Inc. and The First Boston Corporation. The price to the Company, net of underwriting discounts and commissions, was $39.11 per share. The underwriters may purchase up to 300,000 additional shares to cover over-allotments, if any.
 The underwriters plan to offer the shares to the public at an initial price of $40.13 per share. A copy of the Prospectus relating to these securities can be obtained from the underwriters.
 The net proceeds from the sale of the common stock will be invested by SCANA in the common stock equity of South Carolina Electric & Gas Company (SCE&G), its principal subsidiary. SCE&G will utilize these funds for its construction program.
 SCANA Corporation, headquartered in Columbia, S.C., is an energy- based holding company which, through its subsidiaries, engages in regulated electric and natural gas utility businesses and other non-regulated businesses.
 -0- 11/11/92
 /CONTACT: (Investors) H. John Winn, III, Manager, Investor Relations, SCANA Corporation, 803-748-3240/
 (SCG) CO: SCANA Corporation; South Carolina Electric & Gas Company ST: South Carolina IN: UTI SU:


CM -- CH009 -- 9890 11/11/92 16:54 EST
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Publication:PR Newswire
Date:Nov 11, 1992
Words:224
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