fourthquarter8-k
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D. C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): February 9,
2007
Commission
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Registrant,
State of Incorporation,
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I.R.S.
Employer
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File
Number
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Address
and Telephone Number
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Identification
No.
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1-8809
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SCANA
Corporation
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57-0784499
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(a
South Carolina corporation)
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1426
Main Street, Columbia, South Carolina 29201
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(803)
217-9000
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1-3375
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South
Carolina Electric & Gas Company
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57-0248695
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(a
South Carolina corporation)
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|
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1426
Main Street, Columbia, South Carolina 29201
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|
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(803)
217-9000
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Not
applicable
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
¨
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
This
combined Form 8-K is separately furnished by SCANA Corporation and South
Carolina Electric & Gas Company. Information contained herein relating to
any individual company is furnished by such company on its own behalf. Each
company makes no representation as to information relating to the other
company.
Item
2.02 RESULTS
OF OPERATIONS AND FINANCIAL CONDITION
On
February 9, 2007, SCANA Corporation (together with its subsidiaries, the
“Company”) issued the press release attached hereto as Exhibit 99.1. The press
release discloses a non-GAAP measure, GAAP-adjusted net earnings from
operations, which in 2006 excludes from net income (i) the cumulative effect
of
the Company’s adoption of Statement of Financial Accounting
Standards 123(R), “Share-Based Payment,” and (ii) the
favorable settlement of certain litigation and in 2005 excludes from net income
the effects of sales of certain investments. The
Company’s management believes that GAAP-adjusted net earnings from operations
provides a meaningful representation of the Company’s fundamental earnings power
and can aid in performing period-over-period financial analysis and comparison
with peer group data. In management’s opinion, GAAP-adjusted net earnings from
operations is a useful indicator of the financial results of the Company’s
primary businesses. This measure is also a basis for management’s provision of
earnings guidance and growth projections, and it is used by management in making
resource allocation and other budgetary and operational decisions. This non-GAAP
performance measure is not intended to replace the GAAP measure of net earnings,
but is offered as a supplement to it.
Item
8.01 OTHER
EVENTS
a. On
February 9, 2007, the Company posted information titled “2007
-
2009 Projections for Capital Expenditures and Cash Flow” to its website at
www.scana.com. That information is attached hereto as Exhibit 99.2.
b. In
January 2007, Public Service Company of North Carolina, Incorporated (PSNC
Energy), a subsidiary of SCANA Corporation, ceased to be a reporting company
under the Securities Exchange Act of 1934. However, PSNC Energy expects to
post
financial statements periodically to its website at www.psncenergy.com.
Such
financial statements are expected to be posted no later than 90 days after
December 31 for annual periods and no later than 60 days after March 31,
June 30
and September 30,
as
applicable, for quarterly periods.
Item
9.01 FINANCIAL
STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit
99.1
Press
release dated February 9, 2007
Exhibit
99.2
2007
-
2009 Projections for Capital Expenditures and Cash Flow
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, each of the
registrants has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized. The signature of each registrant shall
be
deemed to relate only to matters having reference to such registrant and any
subsidiaries thereof.
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SCANA
Corporation
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South
Carolina Electric & Gas Company
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(Registrants)
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February
9, 2007
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By:
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/s/James
E. Swan, IV
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James
E. Swan, IV
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Controller
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EXHIBIT
INDEX
Number
99.1 |
Press
release dated February 9, 2007 |
99.2 |
2007
- 2009 Projections for Capital Expenditures and Cash
Flow |