EXHIBIT 12 SCANA CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES For Each of the Five Years Ended December 31, 1994 (Thousands of Dollars) Years Ended December 31, 1994 1993 1992 1991 1990 Fixed Charges as defined: Interest on long-term debt.................. $106,573 $ 96,916 $ 92,178 $ 87,854 $ 84,563 Amortization of debt premium, discount and expense (net).............................. 2,230 1,779 874 835 681 Other interest expense...................... 6,749 8,672 8,819 7,649 10,552 Interest component of rentals............... 2,717 2,853 929 897 951 Total Fixed Charges (A)................. $118,269 $110,220 $102,800 $ 97,235 $ 96,747 Earnings, as defined: Income...................................... $121,407 $171,457 $124,140 $129,671 $188,514 Income taxes................................ 62,488 90,714 60,291 68,687 108,202 Total fixed charges above................... 118,269 110,220 102,800 97,235 96,747 Total Earnings (B)...................... $302,164 $372,391 $287,231 $295,593 $393,463 Ratio of Earnings to fixed charges (B/A)...... 2.55 3.38 2.79 3.04 4.07 46