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SCANA CORPORATION REPORTS EARNINGS FOR SECOND QUARTER 1992

 SCANA CORPORATION REPORTS EARNINGS FOR SECOND QUARTER 1992
 COLUMBIA, S.C., July 23 /PRNewswire/ -- SCANA Corporation (NYSE:SCG) today reported consolidated net income for the second quarter of 1992 of $16.8 million, or $.41 per share of common stock compared to $24.4 million, or $.60 per share in the second quarter of 1991. William B. Timmerman, senior vice president and chief financial officer, attributed the decline in earnings primarily to unusually mild weather compared to the hotter-than normal weather in the second quarter of 1991. The milder weather was the principal factor contributing to a 3.8% decrease in total KWH sales of electricity by South Carolina Electric & Gas Company, SCANA's principal subsidiary, compared to the second quarter last year. Increases in operation and maintenance expenses, depreciation expense, property taxes and interest expense also contributed to the lower earnings.
 Consolidated net income for the twelve months ended June 30, 1992 was $123.8 million, or $3.05 per share compared to $137.7 million, or $3.38 per share for the corresponding period last year 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.
 Comparative earnings for the three months and twelve months ended June 30, 1992 and 1991 are summarized in the following table:
 Consolidated Earnings Summary
 (000's except per share amounts)
 (Unaudited)
 3 Months Ended June 30,
 1992 1991
 Total Operating Revenues $255,343 $256,212
 Net Income $ 16,753 $ 24,352
 Common Shares Outstanding (Wtd. Avg.) 41,082 40,379
 Earnings per Common Share $.41 $.60
 12 Months Ended June 30,
 1992 1991
 Total Operating Revenues $1,145,846 $1,148,907
 Net Income:
 From Operations $123,812 $137,666
 From Sale of Invest.in Telecom-USA - 46,150
 Total Net Income $123,812 $183,816
 Common Shares Outstanding (Wtd. Avg.) 40,537 40,757
 Earnings Per Common Share:
 From Operations $3.05 $3.38
 From Sale of Invest. in Telecom-USA - 1.13
 Total Earnings Per Common Share $3.05 $4.51
 SCANA Corporation, headquartered in Columbia, S.C., is a holding company engaged, through subsidiari?n regulated electric and natural gas utility operations and other non-regulated diversified businesses.
 -0- 7/23/92
 /CONTACT: H. John Winn, III, Manager Investor Relations & Shareholder Services, SCANA Corporation, 803-748-3240/
 (SCG) CO: SCANA Corporation ST: South Carolina IN: UTI SU: ERN


CM -- CH015 -- 2577 07/23/92 13:34 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
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