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SOUTH CAROLINA ELECTRIC & GAS COMPANY ANNOUNCES BOND REDEMPTION

 SOUTH CAROLINA ELECTRIC & GAS COMPANY ANNOUNCES BOND REDEMPTION
 COLUMBIA, S.C., April 28 /PRNewswire/ -- South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE: SCG), announced today that it has set an effective date of June 1, 1992 for the early redemption at a price of 100 percent of the entire principal amount outstanding of that company's 12.15 percent Series First and Refunding Mortgage Bonds due June 1, 2010. The principal amount to be redeemed is $35,890,000 plus accrued interest to June 1, 1992. SCE&G's Board of Directors authorized the early redemption at a meeting held on April 22, 1992. SCE&G had previously redeemed $14,110,000 of the 12.15 percent Series in 1986.
 The redemption price and accrued interest will be paid to holders upon surrender of the bonds to SCE&G's bond Trustee, Manufacturers Hanover Trust Company, New York, N.Y. A notice of redemption will be mailed to affected bondholders on May 1, 1992.
 SCE&G's Indenture of Mortgage permits early redemption of bonds at par value through the use of cash on deposit with the Trustee derived from satisfaction of its annual sinking fund obligation and from the maintenance and replacement fund covenant.
 -0- 4/28/92
 /CONTACT: H. John Winn, III, Manager, Investor Relations, SCANA Corporation, 803-748-3240/
 (SCG) CO: South Carolina Electric & Gas Company; SCANA Corporation ST: South Carolina IN: UTI SU:


CM -- CH008 -- 3931 04/28/92 15:07 EDT
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Publication:PR Newswire
Date:Apr 28, 1992
Words:245
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