SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 1994 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8809 SCANA Corporation (Exact name of registrant as specified in its charter) South Carolina 57-0784499 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1426 Main Street, Columbia, South Carolina 29201 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 803) 748-3000 Former name, former address and former fiscal year, if changed since last report. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X . No . APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes . No . APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. 47,514,354 Common Shares, without par value, as of July 31, 1994 1 SCANA CORPORATION INDEX PART I. FINANCIAL INFORMATION Page Item 1. Financial Statements Consolidated Balance Sheets as of June 30, 1994 and December 31, 1993........................................ 3 Consolidated Statements of Income and Retained Earnings for the Periods Ended June 30, 1994 and 1993............. 5 Consolidated Statements of Cash Flows for the Periods Ended June 30, 1994 and 1993............................. 6 Notes to Consolidated Financial Statements............... 7 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations...................... 9 PART II. OTHER INFORMATION Item 1. Legal Proceedings........................................ 13 Item 6. Exhibits and Reports on Form 8-K......................... 13 Signatures........................................................ 14 Exhibit Index..................................................... 15 2 PART I FINANCIAL INFORMATION SCANA CORPORATION CONSOLIDATED BALANCE SHEETS As of June 30, 1994 and December 31, 1993 (Unaudited) June 30, December 31, 1994 1993 ASSETS (Thousands of Dollars) Utility Plant: Electric................................................... $3,339,896 $3,328,915 Gas........................................................ 454,004 451,493 Transit.................................................... 3,774 3,769 Common..................................................... 75,983 72,804 Total.................................................... 3,873,657 3,856,981 Less accumulated depreciation and amortization............. 1,305,819 1,259,689 Total.................................................... 2,567,838 2,597,292 Construction work in progress.............................. 482,381 349,530 Nuclear fuel, net of accumulated amortization.............. 31,541 29,087 Acquisition adjustment-gas, net of accumulated amortization............................................. 27,668 28,166 Utility Plant, Net.................................... 3,109,428 3,004,075 Nonutility Property and Investments (net of accumulated depreciation and depletion)................................ 363,849 393,728 Current Assets: Cash and temporary cash investments........................ 18,910 20,766 Receivables................................................ 169,073 174,121 Inventories (at average cost): Fuel..................................................... 52,574 62,977 Materials and supplies................................... 47,786 46,890 Prepayments................................................ 19,562 21,826 Accumulated deferred income taxes.......................... 398 8,607 Total Current Assets.................................. 308,303 335,187 Deferred Debits: Unamortized debt expense................................... 12,633 13,076 Unamortized deferred return on plant investment............ 12,737 14,860 Nuclear plant decommissioning fund......................... 27,743 25,103 Other...................................................... 289,330 254,497 Total Deferred Debits................................. 342,443 307,536 Total....................................... $4,124,023 $4,040,526 See notes to consolidated financial statements. 3 SCANA CORPORATION CONSOLIDATED BALANCE SHEETS As of June 30, 1994 and December 31, 1993 (Unaudited) June 30, December 31, 1994 1993 (Thousands of Dollars) CAPITALIZATION AND LIABILITIES Stockholders' Investment: Common Equity: Common stock (Without par value)......................... $ 856,145 $ 826,665 Retained earnings........................................ 519,233 506,380 Total Common Equity..................................... 1,375,378 1,333,045 Preferred stock (Not subject to purchase or sinking funds). 26,027 26,027 Total Stockholders' Investment........................... 1,401,405 1,359,072 Preferred stock, net (Subject to purchase or sinking funds).. 50,856 52,840 Long-term debt, net.......................................... 1,462,367 1,424,399 Total Capitalization.................................. 2,914,628 2,836,311 Current Liabilities: Short-term borrowings...................................... 33,520 43,019 Current portion of long-term debt.......................... 85,663 34,322 Current portion of preferred stock......................... 2,486 2,504 Accounts payable........................................... 83,272 129,495 Estimated rate refunds and related interest................ 1,871 2,509 Customer deposits.......................................... 13,457 13,498 Taxes accrued.............................................. 27,499 50,063 Interest accrued........................................... 21,508 21,784 Dividends declared......................................... 35,039 33,637 Other...................................................... 21,989 12,649 Total Current Liabilities............................. 326,304 343,480 Deferred Credits: Accumulated deferred income taxes.......................... 570,719 568,172 Accumulated deferred investment tax credits................ 93,158 94,981 Accumulated reserve for nuclear plant decommissioning...... 27,743 25,103 Other...................................................... 191,471 172,479 Total Deferred Credits................................ 883,091 860,735 Total....................................... $4,124,023 $4,040,526 See notes to consolidated financial statements. 4 SCANA CORPORATION CONSOLIDATED STATEMENTS OF INCOME AND RETAINED EARNINGS For the Periods Ended June 30, 1994 and 1993 (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 1994 1993 1994 1993 (Thousands of Dollars, Except Per Share Amounts) OPERATING REVENUES: Electric............................. $225,188 $213,879 $460,046 $421,434 Gas.................................. 69,910 65,475 181,339 178,971 Transit.............................. 948 1,028 1,969 1,816 Total Operating Revenues........ 296,046 280,382 643,354 602,221 OPERATING EXPENSES: Fuel used in electric generation..... 54,312 57,270 111,296 108,673 Purchased power...................... 5,012 2,651 9,798 5,428 Gas purchased for resale............. 46,158 43,953 114,907 112,537 Other operation...................... 57,859 54,418 112,713 104,686 Maintenance.......................... 17,735 16,789 33,221 33,283 Depreciation and amortization........ 29,806 28,156 59,544 56,374 Income taxes......................... 15,962 12,463 44,053 33,559 Other taxes.......................... 19,154 19,312 38,377 38,597 Total Operating Expenses........ 245,998 235,012 523,909 493,137 OPERATING INCOME....................... 50,048 45,370 119,445 109,084 OTHER INCOME: Allowance for equity funds used during construction................ 1,959 2,774 4,069 5,446 Other income, net of income taxes.... 4,819 5,108 11,159 10,746 Total Other Income............ 6,778 7,882 15,228 16,192 INCOME BEFORE INTEREST CHARGES AND PREFERRED STOCK DIVIDENDS............ 56,826 53,252 134,673 125,276 INTEREST CHARGES (CREDITS): Interest expense..................... 27,946 26,441 55,810 53,833 Allowance for borrowed funds used during construction................ (1,749) (1,662) (3,429) (3,706) Total Interest Charges, Net..... 26,197 24,779 52,381 50,127 INCOME BEFORE PREFERRED STOCK CASH DIVIDENDS OF SUBSIDIARY.............. 30,629 28,473 82,292 75,149 PREFERRED STOCK CASH DIVIDENDS OF SUBSIDIARY (At stated rates)......... (1,462) (1,564) (3,001) (3,131) NET INCOME............................. 29,167 26,909 79,291 72,018 RETAINED EARNINGS AT BEGINNING OF PERIOD............................ 523,402 477,692 506,380 462,893 COMMON STOCK CASH DIVIDENDS DECLARED... (33,336) (30,514) (66,438) (60,824) RETAINED EARNINGS AT END OF PERIOD..... $519,233 $474,087 $519,233 $474,087 NET INCOME............................. $ 29,167 $ 26,909 $ 79,291 $ 72,018 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (THOUSANDS)....... 47,182 44,430 47,015 44,272 EARNINGS PER WEIGHTED AVERAGE SHARE OF COMMON STOCK...................... $ 0.62 $ 0.61 $ 1.69 $ 1.63 CASH DIVIDENDS DECLARED PER SHARE OF COMMON STOCK......................... $ 0.705 $ 0.685 $ 1.41 $ 1.37 See notes to consolidated financial statements. 5 SCANA CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS For the Periods Ended June 30, 1994 and 1993 (Unaudited) Six Months Ended June 30, 1994 1993 (Thousands of Dollars) CASH FLOWS FROM OPERATING ACTIVITIES: Net income............................................ $ 79,291 $ 72,018 Adjustments to reconcile net income to net cash provided from operating activities: Depreciation, depletion and amortization............ 92,626 75,227 Amortization of nuclear fuel........................ 8,885 6,920 Deferred income taxes, net.......................... 10,293 34,689 Deferred investment tax credits, net................ (1,823) (1,829) Net regulatory asset-adoption of SFAS No. 109....... (1,132) (11,834) Dividends declared on preferred stock of subsidiary. 3,001 3,131 Equity (earnings) losses of investees............... (173) (107) Nuclear refueling accrual........................... 3,763 (9,143) Allowance for funds used during construction........ (7,498) (9,152) Over (under) collections, fuel adjustment clause.... (1,020) (790) Changes in certain current assets and liabilities: (Increase) decrease in receivables................. 5,048 (18,796) (Increase) decrease in inventories................. 9,507 11,479 Increase (decrease) in accounts payable............ (46,223) (20,183) Increase (decrease) in estimated rate refunds and related interest............................. (638) (15,011) Increase (decrease) in taxes accrued............... (22,564) (24,931) Increase (decrease) in interest accrued ........... (276) (219) Other, net.......................................... 6,408 (7,841) Net Cash Provided From Operating Activities............. 137,475 83,628 CASH FLOWS FROM INVESTING ACTIVITIES: Utility property additions and construction expenditures........................................ (172,146) (135,111) Acquisition of oil and gas producing properties....... - (122,621) Increase in other property and investments............ (63,610) (36,685) Sale of assets of subsidiary.......................... 48,365 - Principal noncash item: Allowance for funds used during construction........ 7,498 9,152 Net Cash Used For Investing Activities.................. (179,893) (285,265) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds: Issuance of other long-term debt.................... 99,000 - Issuance of First Mortgage Bonds.................... - 100,000 Issuance of notes and loans......................... 60,000 63,085 Issuance of common stock............................ 31,245 27,808 Repayments: First and Refunding Mortgage Bonds.................. - (47,965) Redemption of bank note............................. (64,000) (64,887) Other long-term debt................................ (13,128) (141) Preferred stock..................................... (2,002) (1,991) Dividend payments: Common stock........................................ (65,036) (59,731) Preferred stock of subsidiary....................... (3,061) (3,169) Short-term borrowings, net............................ (9,499) 189,898 Fuel financings, net.................................. 7,043 (3,855) Net Cash Provided From Financing Activities............. 40,562 199,052 NET INCREASE (DECREASE) IN CASH AND TEMPORARY CASH INVESTMENTS............................ (1,856) (2,585) CASH AND TEMPORARY CASH INVESTMENTS AT JANUARY 1........ 20,766 32,050 CASH AND TEMPORARY CASH INVESTMENTS AT JUNE 30.......... $ 18,910 $ 29,465 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for - Interest (includes capitalized interest of $3,429 and $3,706)....... $ 55,266 $ 53,548 - Income taxes.......................... 38,728 25,536 See notes to consolidated financial statements. 6 SCANA CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS June 30, 1994 (Unaudited) The following notes should be read in conjunction with the Notes to Consolidated Financial Statements appearing in the Company's Annual Report on Form 10-K for the year ended December 31, 1993. These are interim financial statements and, because of temperature variations between seasons of the year, the amounts reported in the Consolidated Statements of Income are not necessarily indicative of amounts expected for the year. In the opinion of management, the information furnished herein reflects all adjustments, all of a normal recurring nature, which are necessary for a fair statement of the results for the interim periods reported. 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: A. Principles of Consolidation: The accounts of the Company and its wholly owned subsidiaries are consolidated in the accompanying Consolidated Financial Statements. Certain investments are reported using the equity method of accounting. Significant intercompany balances and transactions have been eliminated in consolidation. B. Sale of Assets: In January 1994 the Company signed an agreement to sell in 1994 substantially all of the real estate assets of SCANA Development Corporation (SDC) to Liberty Properties Group, Inc. of Greenville, South Carolina for $91.5 million. On March 4, 1994 the Company and Liberty amended the agreement regarding the sale. Under the terms of the amended agreement certain projects currently under construction were excluded from the transaction and the sales price was reduced to $49.6 million. The primary components of the transaction were closed on May 27, 1994. Certain other assets of SDC are being sold to other parties. C. Classification of Short-term Obligations: On July 21, 1994 SCE&G issued $100 million of First Mortgage Bonds, 7.70% series due July 15, 2004 to repay short-term borrowings in a like amount. Accordingly, short-term borrowings in the amount of $99 million are included in "Long- term debt, net." D. Reclassifications: Certain amounts from prior periods have been reclassified to conform with the 1994 presentation. 2.RATE MATTERS: With respect to rate matters at June 30, 1994, reference is made to Note 2 of Notes to Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended December 31, 1993. No changes have occurred with respect to those matters as reported therein except as shown below. On May 18, 1994 the Federal Energy Regulatory Commission (FERC) ordered SCE&G to refund certain amounts to its wholesale customers. The refund was ordered because the retail rate on which wholesale rates were based had been reduced and refunds had been made to retail customers in response to an order of the South Carolina Public Service Commission (PSC) issued on January 19, 1993. SCE&G refunded $1.1 million, including interest, to its wholesale customers on July 28, 1994. In June 1994 SCE&G placed into effect the second phase of the retail electric rate increase approved by the PSC on June 7, 1993. The new rates will produce an increase in electric operating revenue of $18.5 million annually, based on a test year. 7 On June 6, 1994 the PSC issued an order denying SCE&G's request that the $.40 fare for low income riders of SCE&G's transit system be eliminated. SCE&G has appealed the PSC's order to the South Carolina Circuit Court. 3.RETAINED EARNINGS: The Restated Articles of Incorporation of the Company do not limit the dividends that may be payable on its common stock. However, the Restated Articles of Incorporation of SCE&G and the Indenture underlying certain of its bond issues contain provisions that may limit the payment of cash dividends on common stock. In addition, with respect to hydroelectric projects, the Federal Power Act may require the appropriation of a portion of the earnings therefrom. At June 30, 1994 approximately $10.7 million of retained earnings were restricted as to payment of cash dividends on common stock. 4.COMMITMENTS AND CONTINGENCIES: With respect to commitments at June 30, 1994, reference is made to Note 10 of Notes to Consolidated Financial Statements appearing in the Company's Annual Report on Form 10-K for the year ended December 31, 1993. No significant changes have occurred with respect to those matters as reported therein. A. Nuclear Insurance The Price-Anderson Indemnification Act, which deals with public liability for a nuclear incident, currently establishes the liability limit for third-party claims associated with any nuclear incident at $9.4 billion. Each reactor licensee is currently liable for up to $79.3 million per reactor owned for each nuclear incident occurring at any reactor in the United States, provided that not more than $10 million of the liability per reactor would be assessed per year. SCE&G's maximum assessment, based on its two-thirds ownership of Summer Station, would be approximately $52.9 million per incident but not more than $6.7 million per year. SCE&G currently maintains policies (for itself and on behalf of the PSA) with Nuclear Electric Insurance Limited (NEIL) and American Nuclear Insurers (ANI) providing combined property and decontamination insurance coverage of $1.4 billion for any losses in excess of $500 million pursuant to existing primary coverages (with ANI) on Summer Station. SCE&G pays annual premiums and, in addition, could be assessed a retroactive premium not to exceed 7 1/2 times its annual premium in the event of property damage loss to any nuclear generating facilities covered by NEIL. Based on the current annual premium, this retroactive premium would not exceed approximately $8.1 million. To the extent that insurable claims for property damage, decontamination, repair and replacement and other costs and expenses arising from a nuclear incident at Summer Station exceed the policy limits of insurance, or to the extent such insurance becomes unavailable in the future, and to the extent that SCE&G's rates would not recover the cost of any purchased replacement power, SCE&G will retain the risk of loss as a self-insurer. SCE&G has no reason to anticipate a serious nuclear incident at Summer Station. If such an incident were to occur, it could have a materially adverse impact on the Company's financial position. B. Environmental The Company has an environmental assessment program to identify and assess current and former operations sites that could require environmental cleanup. As site assessments are initiated, an estimate is made of the amount of expenditures, if any, necessary to investigate and clean up each site. These estimates are refined as additional information becomes available; therefore actual expenditures could significantly differ from the original estimates. Amounts estimated and accrued to date for site assessment and cleanup relate primarily to regulated operations; such amounts have been deferred (approximately $23.4 million) and are being amortized and recovered through rates over a ten year period. 8 SCANA CORPORATION MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Material Changes in Capital Resources and Liquidity From December 31, 1993 to June 30, 1994 Liquidity and Capital Resources The cash requirements of the Company arise primarily from SCE&G's operational needs, the Company's construction program and the need to fund the activities or investments of the Company's nonregulated subsidiaries. The ability of the Company's regulated subsidiaries to replace existing plant investment, as well as to expand to meet future demands for electricity and gas, will depend upon their ability to attract the necessary financial capital on reasonable terms. The Company's regulated subsidiaries recover the costs of providing services through rates charged to customers. Rates for regulated services are generally based on historical costs. As customer growth and inflation occur and the regulated subsidiaries expand their construction programs, it is necessary to seek increases in rates. As a result, the Company's future financial position and results of operations will be affected by the regulated subsidiaries' ability to obtain adequate and timely rate relief. The following table summarizes how the Company generated funds for its property acquisitions and utility property additions and construction expenditures during the six months ended June 30, 1994 and 1993: Six Months Ended June 30, 1994 1993 (Thousands of Dollars) Net cash provided from operating activities $137,475 $ 83,628 Net cash provided from financing activities 40,562 199,052 Cash and temporary cash investments available at the beginning of the period 20,766 32,050 Net cash available for property acquisitions and utility property additions and construction expenditures $198,803 $314,730 Funds used for utility property additions and construction expenditures, net of noncash allowance for funds used during construction $164,648 $125,959 Funds used for nonutility property additions $ 46,737 $155,581 In June 1994 SCE&G placed into effect the second phase of the retail electric rate increase approved by the South Carolina Public Service Commission on June 7, 1993. On July 21, 1994 SCE&G issued $100 million of First Mortgage Bonds, 7.70% series due July 15, 2004 to repay short-term borrowings in a like amount. Accordingly, short-term borrowings in the amount of $99 million are included in "Long-term debt, net." MPX Systems, Inc., a wholly owned subsidiary of SCANA, through a joint venture with ITC Transmission Systems, a Georgia- based telecommunications holding company, will be constructing a fiber optic network through Louisiana, Mississippi, Alabama and Georgia. The network, which will consist of more than 900 miles of fiber optic lines, is expected to be completed by June 1995 at a cost of $58 million. 9 The Company anticipates that the remainder of its 1994 cash requirements will be met through internally generated funds, the sales of additional equity securities and medium-term notes and the incurrence of additional short-term and long-term indebtedness. The timing and amount of such financing will depend upon market conditions and other factors. The ratio of earnings to fixed charges for the twelve months ended June 30, 1994 was 3.53. The Company expects that it has or can obtain adequate sources of financing to meet its cash requirements for the next twelve months and for the foreseeable future. 10 SCANA CORPORATION Results of Operations For the Six months Ended June 30, 1994 As Compared to the Corresponding Period in 1993 Earnings and Dividends Net income for the three and six months ended June 30, 1994 increased approximately $2.3 million and $7.3 million, respectively, when compared to the corresponding periods in 1993 primarily due to higher electric margins. Allowance for funds used during construction (AFC) is a utility accounting practice whereby a portion of the cost of both equity and borrowed funds used to finance construction (which is shown on the balance sheet as construction work in progress) is capitalized. Both the equity and the debt portions of AFC are noncash items of nonoperating income which have the effect of increasing reported net income. AFC represented approximately 8% and 11% of income before income taxes for the three months ended June 30, 1994 and 1993, respectively, and approximately 6% and 9% for the six months ended June 30, 1994 and 1993, respectively. On April 28, 1994 the Company's Board of Directors declared a quarterly dividend on common stock of 70 1/2 cents per share for the quarter ended June 30, 1994. The dividend was paid on July 1, 1994 to common stockholders of record on June 10, 1994. Sales Margins The changes in the electric sales margin for the three and six months ended June 30, 1994 when compared to the corresponding periods in 1993 were as follows: Three Months Six Months Change % Change Change % Change (Millions) (Millions) Electric operating revenues $11.3 5.3 $38.6 9.2 Less: Fuel used in electric generation (3.0) (5.2) 2.6 2.4 Purchased power 2.4 89.1 4.4 80.5 Margin $11.9 7.7 $31.6 10.3 The electric sales margins increased for the three and six months ended June 30, 1994 compared to the corresponding periods in 1993 primarily due to an increase in retail electric rates which was effective beginning in June 1993 and increases in customer sales due to customer growth, reflecting a general improvement in the economy. The second phase of the retail electric rate increase, which was placed into effect June 1994, also contributed to the increase in electric sales margins. 11 The changes in the gas sales margin for the three and six months ended June 30, 1994 when compared to the corresponding periods in 1993 were as follows: Three Months Six Months Change % Change Change % Change (Millions) (Millions) Gas operating revenues $4.4 6.8 $2.4 1.3 Less: Gas purchased for resale 2.2 5.0 2.4 2.1 Margin $2.2 10.4 $ - - The increase in the gas sales margin for the three months' comparison reflects increased recoveries under the weather normalization adjustment due to milder weather during the second quarter of 1994, in addition to an increase in South Carolina Pipeline Corporation's interruptible industrial sales due to a shift of transportation customers to this class and a lower cost of gas related to these sales. The gas margin remained constant for the six months' comparison. Other Operating Expenses Increases in other operating expenses, including taxes, for the three and six months ended June 30, 1994 compared to the corresponding periods in 1993 are presented in the following table: Three Months Six Months Change % Change Change % Change (Millions) (Millions) Other operation and maintenance $ 4.4 6.2 $ 7.9 5.8 Depreciation and amortization 1.6 5.9 3.2 5.6 Income taxes 3.5 28.1 10.5 31.3 Other taxes (0.1) (0.8) (0.2) (0.6) Total $ 9.4 7.2 $21.4 8.0 Other operation and maintenance expenses for the three and six months ended June 30, 1994 increased primarily due to increases in employee-related expenses, amortization of environmental charges previously deferred and outage-related expenses at SCE&G's nuclear generating facility and Williams Station. The depreciation and amortization increases for the three and six months reflect additions to plant in service. The increases in income tax expense for the three and six months' comparisons correspond to the increases in income and reflect the increase in the corporate tax rate from 34% to 35% which was recorded in August 1993 and was retroactive to January 1, 1993. 12 SCANA CORPORATION Part II OTHER INFORMATION Item 1. Legal Proceedings For information regarding legal proceedings see Note 2 "Rate Matters" and Note 4 "Commitments and Contingencies" of Notes to Consolidated Financial Statements. Items 2, 3, 4, and 5 are not applicable. Item 6. Exhibits and Reports on Form 8-K A. Exhibits Exhibits filed with this Quarterly Report on Form 10-Q are listed in the following Exhibit Index. Certain of such exhibits which have heretofore been filed with the Securities and Exchange Commission and which are designated by reference to their exhibit numbers in prior filings are hereby incorporated herein by reference and made a part hereof. B. Reports on Form 8-K None 13 SCANA CORPORATION SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SCANA CORPORATION (Registrant) August 11, 1994 By: s/W. B. Timmerman W. B. Timmerman, Executive Vice President, Chief Financial Officer and Controller (Principal Financial Officer) 14