Exhibit 12
SCANA CORPORATION
CALCULATIONS OF BOND RATIO
FOR THE YEAR ENDED DECEMBER 31, 1993
(Thousands of Dollars)
Net earnings(1) $316,061
Divide by annualized interest charges on:
Bonds authenticated under the Company's
First and Refunding Mortgage Bond
Indenture $84,714
Other indebtedness (1) $ 821
Total annualized interest charges $ 85,535
Bond Ratio 3.70
(1) As defined under SCE&G's First and Refunding Mortgage Bond
Indenture.
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SCANA CORPORATION
CALCULATIONS OF PREFERRED STOCK RATIO
FOR THE YEAR ENDED DECEMBER 31, 1993
(Thousands of Dollars)
Net Earnings (1) $231,190
Divide by annualized interest charges on:
Bonds authenticated under SCE&G's
mortgage bond indentures $84,714
Other indebtedness (1) $ 912
Preferred Dividend Requirements $ 6,156
Total annualized interest charges $ 91,782
Preferred stock ratio 2.52
(1) As defined under SCE&G's Restated Articles of Incorporation.
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SCANA CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For Each of the Five Years Ended December 31, 1993
(Thousands of Dollars)
Years Ended December 31,
1993 1992 1991 1990 1989
Fixed Charges as defined:
Interest on long-term debt.................. $ 96,916 $ 92,178 $ 87,854 $ 84,563 $ 86,178
Amortization of debt premium, discount and
expense (net).............................. 1,779 874 835 681 711
Other interest expense...................... 8,672 8,819 7,649 10,552 7,533
Interest component of rentals............... 2,853 929 897 951 983
Total Fixed Charges (A)................. $110,220 $102,800 $ 97,235 $ 96,747 $ 95,405
Earnings, as defined:
Income...................................... $174,198 $124,063 $142,557 $188,514 $129,888
Income taxes................................ 91,562 60,252 75,325 108,202 54,322
Total fixed charges above................... 110,220 102,800 97,235 96,747 95,405
Total Earnings (B)...................... $375,980 $287,115 $315,117 $393,463 $279,615
Ratio of Earnings to fixed charges (B/A)...... 3.41 2.79 3.24 4.07 2.93
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