Statements included in this presentation which are not statements of
historical fact are intended to be, and are hereby identified as, “forward-
looking statements” for purposes of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements include, but are not
limited to, statements concerning future debt issuance, cost of capital,
capital structure, revised rates filings, effective dates of rates, inflation
rates, construction costs, AFUDC rates, capital expenditures,
construction schedules, licensing and permitting activities, completion
dates for new units, investment tax credits, fuel costs, generation mix,
customer and demand growth, natural gas prices, uranium prices, coal
prices, CO2 emission costs, and construction and permitting
contingencies and risks. In some cases, forward-looking statements
can be identified by terminology such as “may,” “will,” “could,” “should,”
“expects,” “forecasts,” “plans,” “anticipates,” “believes,” “estimates,”
“projects,” “predicts,” “potential” or “continue” or the negative of these
terms or other similar terminology. Readers are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve a number of risks and uncertainties, and that
actual results could differ materially from those indicated by such
forward-looking statements. Important factors that could cause actual
results to differ materially from those indicated by such forward-looking
statements include, but are not limited to, the following: (1) the
information is of a preliminary nature and may be subject to further
and/or continuing review and adjustment; (2) regulatory actions,
regulatory delay, and intervention by opposing parties in licensing and
permitting proceedings; (3) collateral lawsuits, appeals and other
litigation; (4) changes in rate regulation, environmental laws and
regulations, and nuclear safety laws and regulations; (5) changes in the
cost or availability of labor, equipment, components and materials; (6)
performance of key contractors or suppliers of key components or
services; (7) transportation and shipping problems; (8) delays in
construction related to weather conditions or natural disasters both in
South Carolina and affecting suppliers and contractors; (9) changes in
the economy, especially in areas served by South Carolina Electric &
Gas Company (SCE&G or the Company); (10) changes in the public,
political and regulatory perception and support for nuclear power; (11)
the results of financing efforts; (12) changes in SCANA’s or its
subsidiaries’ accounting rules and accounting policies; (13) payment
by counterparties as and when due; (14) the results of efforts to license,
site and construct facilities for baseload electric generation; (15) the
availability and prices of fuels such as coal, natural gas and enriched
uranium used to produce electricity; (16) the level and volatility of future
market prices for such fuels and purchased power; (17) the impact of
competition from alternate energy sources; (18) the availability of
purchased power and natural gas for distribution; (19) inflation; (20)
capital market conditions; (21) compliance with regulations; and (22)
the other risks and uncertainties described in Exhibit J to this
Application and as described from time to time in the periodic reports
filed by SCANA Corporation or SCE&G with the United States
Securities and Exchange Commission (SEC). The Company disclaims
any obligation to update any forward-looking statements.
