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, 1996

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.

104,974,417 Common Shares, without par value, as of June 30, 1996

SCANA CORPORATION

INDEX

PART I. FINANCIAL INFORMATION Page

Item 1. Financial Statements

Consolidated Balance Sheets as of June 30, 1996
and December 31, 1995.................................... 3

Consolidated Statements of Income and Retained Earnings
for the Periods Ended June 30, 1996 and 1995............. 5

Consolidated Statements of Cash Flows for the Periods
Ended June 30, 1996 and 1995............................. 6

Notes to Consolidated Financial Statements............... 7

Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations...................... 11

PART II. OTHER INFORMATION

Item 1. Legal Proceedings........................................ 16

Item 4. Submission of Matters to a Vote of Security-Holders...... 16

Item 6. Exhibits and Reports on Form 8-K......................... 16

Signatures........................................................ 17

Exhibit Index..................................................... 18

PART I
FINANCIAL INFORMATION
SCANA CORPORATION
CONSOLIDATED BALANCE SHEETS
As of June 30, 1996 and December 31, 1995
(Unaudited)

June 30, December 31,
1996 1995
(Thousands of Dollars)
ASSETS
Utility Plant:
Electric................................................... $3,975,810 $3,539,068
Gas........................................................ 495,282 484,752
Transit.................................................... 3,824 3,768
Common..................................................... 88,060 91,616
Total.................................................... 4,562,976 4,119,204
Less accumulated depreciation and amortization............. 1,471,380 1,367,541
Total.................................................... 3,091,596 2,751,663
Construction work in progress.............................. 292,928 644,661
Nuclear fuel, net of accumulated amortization.............. 43,342 46,492
Acquisition adjustment-gas, net of accumulated
amortization............................................. 24,509 26,172
Utility Plant, Net.................................... 3,452,375 3,468,988

Nonutility Property and Investments, net of accumulated
depreciation and depletion................................. 334,108 314,207

Current Assets:
Cash and temporary cash investments........................ 32,544 16,082
Receivables................................................ 231,896 211,173
Inventories (at average cost):
Fuel..................................................... 40,812 61,499
Materials and supplies................................... 51,561 47,674
Prepayments................................................ 24,984 15,870
Accumulated deferred income taxes.......................... 19,759 20,186
Total Current Assets.................................. 401,556 372,484

Deferred Debits:
Emission allowances........................................ 30,400 28,514
Unamortized debt expense................................... 12,820 13,432
Unamortized deferred return on plant investment............ 4,246 6,369
Nuclear plant decommissioning fund......................... 39,132 36,070
Other...................................................... 331,261 294,362
Total Deferred Debits................................. 417,859 378,747
Total....................................... $4,605,898 $4,534,426

See notes to consolidated financial statements.

SCANA CORPORATION
CONSOLIDATED BALANCE SHEETS
As of June 30, 1996 and December 31, 1995

(Unaudited)

June 30, December 31,
1996 1995
(Thousands of Dollars)
CAPITALIZATION AND LIABILITIES
Stockholders' Investment:
Common Equity:
Common stock (without par value)......................... $1,093,497 $1,056,689
Retained earnings........................................ 528,192 497,991
Total Common Equity..................................... 1,621,689 1,554,680
Preferred Stock of Subsidiary (not subject to purchase
or sinking funds)........................................ 26,027 26,027
Total Stockholders' Investment.......................... 1,647,716 1,580,707
Preferred Stock of Subsidiary, net (subject to purchase
or sinking funds).......................................... 44,260 46,243
Long-term debt, net.......................................... 1,548,012 1,588,879
Total Capitalization.................................. 3,239,988 3,215,829

Current Liabilities:
Short-term borrowings...................................... 131,245 112,524
Current portion of long-term debt.......................... 98,202 40,983
Current portion of preferred stock......................... 2,435 2,439
Accounts payable........................................... 130,462 138,778
Customer deposits.......................................... 14,259 13,643
Taxes accrued.............................................. 40,421 66,914
Interest accrued........................................... 26,731 25,884
Dividends declared......................................... 40,337 39,056
Other...................................................... 14,093 14,625
Total Current Liabilities............................. 498,185 454,846

Deferred Credits:
Accumulated deferred income taxes.......................... 558,896 542,022
Accumulated deferred investment tax credits................ 85,897 87,719
Accumulated reserve for nuclear plant decommissioning...... 39,132 36,070
Other...................................................... 183,800 197,940
Total Deferred Credits................................ 867,725 863,751
Total....................................... $4,605,898 $4,534,426

See notes to consolidated financial statements.

SCANA CORPORATION
CONSOLIDATED STATEMENTS OF INCOME AND RETAINED EARNINGS
For the Periods Ended June 30, 1996 and 1995
(Unaudited)

Three Months Ended Six Months Ended
June 30, June 30,
1996 1995 1996 1995
(Thousands of Dollars, Except Per Share Amounts)

OPERATING REVENUES:
Electric.................................. $269,380 $239,004 $531,527 $469,578
Gas....................................... 80,113 71,116 212,018 184,275
Transit................................... 893 1,016 1,803 2,043
Total Operating Revenues.............. 350,386 311,136 745,348 655,896

OPERATING EXPENSES:
Fuel used in electric generation.......... 66,697 54,273 124,131 106,124
Purchased power........................... 4,015 6,708 5,756 7,337
Gas purchased for resale.................. 54,482 44,958 140,586 110,363
Other operation........................... 57,694 57,599 113,913 113,729
Maintenance............................... 18,292 15,746 33,261 30,536
Depreciation and amortization............. 37,057 30,740 72,847 61,519
Income taxes.............................. 22,766 19,743 57,030 48,602
Other taxes............................... 22,936 20,357 45,992 41,628
Total Operating Expenses.............. 283,939 250,124 593,516 519,838

OPERATING INCOME............................ 66,447 61,012 151,832 136,058

OTHER INCOME:
Allowance for equity funds used
during construction..................... 1,601 2,455 3,306 4,923
Other income, net of income taxes......... 2,556 (15,358) 16,296 (9,530)
Total Other Income.................... 4,157 (12,903) 19,602 (4,607)

INCOME BEFORE INTEREST CHARGES AND
PREFERRED STOCK DIVIDENDS................. 70,604 48,109 171,434 131,451

INTEREST CHARGES (CREDITS):
Interest expense.......................... 32,356 33,819 64,951 67,171
Allowance for borrowed funds used
during construction..................... (1,420) (2,726) (3,369) (5,434)
Total Interest Charges, Net........... 30,936 31,093 61,582 61,737

INCOME BEFORE PREFERRED STOCK CASH
DIVIDENDS OF SUBSIDIARY................... 39,668 17,016 109,852 69,714
PREFERRED STOCK CASH DIVIDENDS OF
SUBSIDIARY (At stated rates).............. (1,368) (1,430) (2,739) (2,864)
NET INCOME.................................. 38,300 15,586 107,113 66,850
RETAINED EARNINGS AT BEGINNING OF PERIOD.... 528,470 488,788 497,991 472,371
COMMON STOCK CASH DIVIDENDS DECLARED........ (38,578) (35,127) (76,912) (69,974)
RETAINED EARNINGS AT END OF PERIOD.......... $528,192 $469,247 $528,192 $469,247

NET INCOME.................................. $ 38,300 $ 15,586 $107,113 $ 66,850
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING (THOUSANDS)
(Note 1C)............................... 104,824 97,414 104,491 97,026
EARNINGS PER WEIGHTED AVERAGE SHARE
OF COMMON STOCK........................... $ .37 $ .16 $ 1.03 $ .69
CASH DIVIDENDS DECLARED PER SHARE OF
COMMON STOCK............................. $ .3675 $ .36 $ .7350 $ .72

See notes to consolidated financial statements.

SCANA CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Periods Ended June 30, 1996 and 1995
(Unaudited)

Six Months Ended
June 30,
1996 1995
(Thousands of Dollars)

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income............................................ $ 107,113 $ 66,850
Adjustments to reconcile net income to net cash
provided from operating activities:
Depreciation, depletion and amortization............ 92,440 112,742
Amortization of nuclear fuel........................ 7,933 9,488
Deferred income taxes, net.......................... 16,981 (4,686)
Deferred investment tax credits, net................ (1,822) (1,815)
Net regulatory asset - adoption of SFAS No. 109..... (185) (1,381)
Dividends declared on preferred stock of subsidiary. 2,739 2,864
Equity in (earnings) losses of investees............ (2,133) (1,414)
Nuclear refueling accrual........................... (2,697) 3,479
Allowance for funds used during construction........ (6,675) (10,357)
Unamortized loss on reacquired debt................. 1,436 (3,959)
Over (under) collections, fuel adjustment clauses... (443) 24,693
Early retirements................................... (5,920) (16,684)
Emission allowances, net of AFC..................... (1,885) (2,645)
Changes in certain current assets and liabilities:
(Increase) decrease in receivables................. (20,723) 9,175
(Increase) decrease in inventories................. 16,800 6,992
(Increase) decrease in prepayments................. (9,114) (2,721)
Increase (decrease) in accounts payable............ (8,316) (32,844)
Increase (decrease) in taxes accrued............... (26,493) (28,722)
Increase (decrease) in interest accrued ........... 847 716
Other, net.......................................... 17,168 (89)
Net Cash Provided From Operating Activities............. 177,051 129,682

CASH FLOWS FROM INVESTING ACTIVITIES:
Utility property additions and construction
expenditures, net of AFC............................ (102,332) (142,890)
Sale of interest in oil and gas properties............ 42,554 -
Increase in other property and investments............ (92,972) (62,178)
Net Cash Used For Investing Activities.................. (152,750) (205,068)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds:
Issuance of First Mortgage Bonds.................... - 99,583
Issuance of notes and loans......................... 60,000 60,000
Issuance of other long-term debt.................... 30,720 64,254
Issuance of common stock............................ 37,083 32,910
Repayments:
First and Refunding Mortgage Bonds.................. (22,000) (48,779)
Redemption of notes................................. (61,912) (58,864)
Preferred stock..................................... (1,987) (2,094)
Dividend payments:
Common stock........................................ (75,638) (68,731)
Preferred stock of subsidiary....................... (2,747) (2,906)
Short-term borrowings, net............................ 18,721 (3,637)
Fuel and emission allowance financings, net........... 9,921 3,935
Net Cash Provided From (Used For) Financing Activities.. (7,839) 75,671
NET INCREASE (DECREASE) IN CASH AND
TEMPORARY CASH INVESTMENTS............................ 16,462 285
CASH AND TEMPORARY CASH INVESTMENTS AT JANUARY 1........ 16,082 12,938
CASH AND TEMPORARY CASH INVESTMENTS AT JUNE 30.......... $ 32,544 $ 13,223

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for - Interest (includes capitalized
interest of $3,369 and $5,434)....... $ 62,791 $ 65,583
- Income taxes.......................... 40,337 45,501

See notes to consolidated financial statements.

SCANA CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 1996
(Unaudited)

The following notes should be read in conjunction with the
Notes to Consolidated Financial Statements appearing in SCANA
Corporation's Annual Report on Form 10-K for the year ended
December 31, 1995. 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 SCANA Corporation and its wholly owned
subsidiaries (Company) 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 in compliance with Statement of Financial
Accounting Standards No. 71 "Accounting for the Effects of
Certain Types of Regulation" which provides that profits on
intercompany sales to regulated affiliates are not
eliminated if the sales price is reasonable and the future
recovery of the sales price through the rate making process
is probable.

B. Basis of Accounting

The Company prepares its financial statements in accordance
with the provisions of Statement of Financial Accounting
Standards No. 71 (SFAS 71), "Accounting for the Effects of
Certain Types of Regulation." The accounting standard
allows cost-based rate-regulated utilities, such as the
Company, to recognize in their financial statements revenues
and expenses in different time periods than do enterprises
that are not rate-regulated. As a result, the Company has
recorded, as of June 30, 1996, approximately $240 million
and $60 million of regulatory assets and liabilities,
respectively, including amounts recorded for accumulated
deferred income tax assets and liabilities of approximately
$86 million and $60 million, respectively. The electric
regulatory assets of approximately $130 million (excluding
accumulated deferred income tax assets) are being recovered
through rates and, as discussed in Note 2, the Public
Service Commission of South Carolina (PSC) has approved
accelerated recovery of approximately $71 million of these
assets. In the future, as a result of deregulation or other
changes in the regulatory environment, the Company may no
longer meet the criteria for continued application of SFAS
71 and would be required to write off its regulatory assets
and liabilities. Such an event could have a material
adverse effect on the Company's results of operations in the
period the write-off is recorded.

C. Stock Split

On April 27, 1995, the Company's Board of Directors approved
a two-for-one split of the Company's Common Stock effective
at the close of business May 11, 1995. The weighted average
number of common shares outstanding, earnings per weighted
average share of common stock and cash dividends declared
per share of common stock have been restated to reflect the
stock split for the prior period reported.

D. Reclassifications

Certain amounts from prior periods have been reclassified to
conform with the 1996 presentation.

2.RATE MATTERS:

With respect to rate matters at June 30, 1996, 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, 1995. On July 10, 1995 SCE&G filed an
application with the PSC for an increase in retail electric
rates. On January 9, 1996 the PSC issued an order granting
SCE&G an increase of 7.34% which will produce additional
revenues of approximately $67.5 million annually. The
increase is being implemented in two phases. The first
phase, an increase in revenues of approximately $59.5
million annually based on a test year, or 6.47%, commenced
on January 15, 1996. The second phase will be implemented
in January 1997 and will produce additional revenues of
approximately $8.0 million annually, or .87% more than
current rates. The PSC authorized a return on common equity
of 12.0%. The PSC also approved establishment of a Storm
Damage Reserve Account capped at $50 million and collected
through rates over a ten-year period. Additionally, the PSC
approved accelerated recovery of a significant portion of
SCE&G's electric regulatory assets (excluding accumulated
deferred income tax assets) and the transition obligation
for postretirement benefits other than pensions, changing
the amortization periods to allow recovery by the end of the
year 2000. SCE&G's request to shift approximately $257
million of depreciation reserves from transmission and
distribution assets to nuclear production assets was also
approved.

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, 1996 approximately $15.1 million of SCE&G's
retained earnings were restricted as to payment of cash
dividends on common stock.

4. COMMITMENTS AND CONTINGENCIES:

With respect to commitments at June 30, 1996, 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, 1995. No significant
changes have occurred with respect to those matters as
reported therein, except with regard to the Calhoun Park
area site discussed in Note 4B below.

Contingencies at June 30, 1996 are as follows:

A. Nuclear Insurance

The Price-Anderson Indemnification Act, which deals with the
Company's public liability for a nuclear incident, currently
establishes the liability limit for third-party claims
associated with any nuclear incident at $8.9 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 American Nuclear Insurers (ANI) and Nuclear
Electric Insurance Limited (NEIL) providing combined
property and decontamination insurance coverage of $1.9
billion for any losses at Summer Station. SCE&G pays annual
premiums and, in addition, could be assessed a retroactive
premium assessment not to exceed 7 1/2 times its annual
premium in the event of property damage loss to any nuclear
generating facility covered under the NEIL program. Based
on the current annual premium, this retroactive premium
assessment would not exceed $8.7 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 material adverse
impact on the Company's financial position and results of
operations.

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, estimates are made of the cost, if any, to
investigate and clean up each site. These estimates are
refined as additional information becomes available;
therefore, actual expenditures could differ significantly
from original estimates. Amounts estimated and accrued to
date for site assessments and cleanup relate primarily to
regulated operations; such amounts are deferred
(approximately $16 million) and are being amortized and
recovered through rates over a ten-year period for electric
operations and an eight-year period for gas operations. The
deferral includes the costs estimated to be associated with
the matters discussed in the following paragraphs.

SCE&G, the Company's principal subsidiary, owns four
decommissioned manufactured gas plant sites which contain
residues of by-product chemicals. SCE&G maintains an active
review of the sites to monitor the nature and extent of the
residual contamination.

In September 1992 the Environmental Protection Agency (EPA)
notified SCE&G, the City of Charleston and the Charleston
Housing Authority of their potential liability for the
investigation and cleanup of the Calhoun Park area site in
Charleston, South Carolina. This site originally
encompassed approximately 18 acres and included properties
which were the locations for industrial operations,
including a wood preserving (creosote) plant and one of
SCE&G's decommissioned manufactured gas plants. The
original scope of this investigation has been expanded to
approximately 30 acres, including adjacent properties owned
by the National Park Service and the City of Charleston, and
private properties. The site has not been placed on the
National Priority List, but may be added before cleanup is
initiated. The potentially responsible parties (PRP) have
agreed with the EPA to participate in an innovative approach
to site investigation and cleanup called "Superfund
Accelerated Cleanup Model," allowing the pre-cleanup site
investigation process to be compressed significantly. The
PRPs have negotiated an administrative order by consent for
the conduct of a Remedial Investigation/Feasibility Study
and a corresponding Scope of Work. Field work began in
November 1993 and a draft Remedial Investigation report was
submitted to the EPA in February 1995. SCE&G is currently
resolving the comments of the EPA and other regulatory
agencies related to the draft.

SCE&G is also working with the City of Charleston to
investigate possible contamination which may have migrated
to the City's aquarium site from the manufactured gas plant.
In 1994 the City of Charleston notified SCE&G that it
considers SCE&G to be responsible for a projected $43.5
million increase in costs of the aquarium project
attributable to delays resulting from contamination of the
Calhoun Park area site. In May 1996 the City of Charleston
and the Company agreed to settle all environmental claims
the City may have against the Company involving the Calhoun
Park area for a payment of $26 million over four years by
the Company to the City. The settlement was executed by the
City of Charleston and the Company on August 7, 1996 along
with a 30-year electric franchise agreement. The amount of
the settlement will be recovered through rates in the same
manner as other amounts accrued for site assessments and
cleanup as discussed above. The Company does not expect the
settlement to have a material impact on the Company's
financial position or results of operations.

C. SCANA Communications, Inc. Guarantee

A percentage of the projected annual revenues for the years
1996-2003 of certain fiber optic routes of a joint venture
between SCANA Communications, Inc. (SCI), formerly MPX
Systems, Inc., and a subsidiary of ITC Holding Company,
Inc., a Georgia-based telecommunications holding company,
has been guaranteed by SCI. The amount of such guarantee
over the remaining portion of the eight-year period net of
$27.2 million for revenue contracts obtained by the joint
venture, is approximately $16.3 million.

SCANA CORPORATION
MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS

General

Competition

The electric utility industry has begun a major transition
that could lead to expanded market competition and less regulatory
protection. Future deregulation of electric wholesale and retail
markets will create opportunities to compete for new and existing
customers and markets. As a result, profit margins and asset
values of some utilities could be adversely affected. The pace of
deregulation, the future market price of electricity, and the
regulatory actions which may be taken by the PSC and the Federal
Energy Regulatory Commission (FERC) in response to the changing
environment cannot be predicted. However, recent FERC actions will
likely accelerate competition among electric utilities by providing
for wholesale transmission access. In April, 1996 the FERC issued
Order 888, which addresses open access to transmission lines and
stranded cost recovery. Order 888 requires utilities under FERC
jurisdiction that own, control or operate transmission lines to
file nondiscriminatory open access tariffs that offer to others the
same transmission service they provide themselves. The FERC has also
permitted utilities to seek recovery of wholesale stranded costs from
departing customers by direct assignment. Approximately 5%
of the Company's electric revenues is under FERC jurisdiction.

The Company is aggressively pursuing actions to position
itself strategically for the transformed environment. To enhance
its flexibility and responsiveness to change, the Company's
electric and gas utility, SCE&G, operates Strategic Business Units.
Maintaining a competitive cost structure is of paramount importance
in the utility's strategic plan. SCE&G has undertaken a variety of
initiatives, including reductions in operation and maintenance
costs and in staffing levels. In January 1996 the PSC approved (as
discussed under "Liquidity and Capital Resources") the accelerated
recovery of SCE&G's electric regulatory assets and the shift of
depreciation reserves from transmission and distribution assets to
nuclear production assets. In May 1996 the FERC approved SCE&G's
application establishing open access transmission tariffs and
requesting authorization to sell bulk power to wholesale customers
at market-based rates. The FERC also approved SCANA Energy
Marketing's (SEM) application to become a power marketer. That
designation will allow SEM, a subsidiary of the Company and a
natural gas marketer, to buy and sell large blocks of electric
capacity in wholesale markets. The Company believes that these
actions as well as numerous others that have been and will be taken
demonstrate its ability and commitment to succeed in the new
operating environment to come.

Regulated public utilities are allowed to record as assets
some costs that would be expensed by other enterprises. If
deregulation or other changes in the regulatory environment occur,
the Company may no longer be eligible to apply this accounting
treatment and may be required to eliminate such regulatory assets
from its balance sheet. Such an event could have a material
adverse effect on the Company's results of operations in the period
the write-off is recorded. The Company reported approximately $240
million and $60 million of regulatory assets and liabilities,
respectively, including amounts recorded for accumulated deferred
income tax assets and liabilities of approximately $86 million and
$60 million, respectively, on its balance sheet at June 30, 1996.

Material Changes in Capital Resources and Liquidity
From December 31, 1995 to June 30, 1996

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 financial
position and results of operations are affected by the regulated
subsidiaries' ability to obtain adequate and timely rate relief and
in the future will be dependent on the Company's ability to compete
in a deregulated environment (See Competition).

On July 10, 1995 SCE&G filed an application with the PSC
for an increase in retail electric rates. On January 9, 1996 the
PSC issued an order granting SCE&G an increase of 7.34% which will
produce additional revenues of approximately $67.5 million
annually. The increase is being implemented in two phases. The
first phase, an increase in revenues of approximately $59.5 million
annually based on a test year, or 6.47%, commenced on January 15,
1996. The second phase will be implemented in January 1997 and
will produce additional revenues of approximately $8.0 million
annually, or .87% more than current rates. The PSC authorized a
return on common equity of 12.0%. The PSC also approved
establishment of a Storm Damage Reserve Account capped at $50
million and collected through rates over a ten-year period.
Additionally, the PSC approved accelerated recovery of a
significant portion of SCE&G's electric regulatory assets
(excluding accumulated deferred income tax assets) and the
remaining transition obligation for postretirement benefits other
than pensions, changing the amortization periods to allow recovery
by the end of the year 2000. SCE&G's request to shift
approximately $257 million of depreciation reserves from
transmission and distribution assets to nuclear production assets
was also approved.

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, 1996
and 1995:

Six Months Ended
June 30,
1996 1995
(Thousands of Dollars)

Net cash provided from operating activities $177,051 $129,682
Net cash provided from (used for)
financing activities (7,839) 75,671
Cash provided from sale of oil and
gas properties 42,554 -
Cash and temporary cash investments available
at the beginning of the period 16,082 12,938

Net cash available for property acquisitions
and utility property additions and
construction expenditures $227,848 $218,291

Funds used for utility property additions
and construction expenditures, net of
noncash allowance for funds used during
construction $102,332 $142,890

Funds used for nonutility property
additions $ 12,357 $ 11,474

On January 13, 1995 the Company closed a $60 million unsecured
bank loan due January 12, 1996, and used the proceeds to pay off
loans in a like total amount. In January 1996 the Company
refinanced the loan with unsecured bank loans totaling $60 million
due January 10, 1997 at initial interest rates between 5.684% and
5.730%, subject to reset quarterly at LIBOR plus a spread of nine
to fifteen basis points.

On August 7, 1996 the City of Charleston executed 30-year
electric and gas franchise agreements with SCE&G. In consideration
for the electric franchise agreement, the City will receive from
SCE&G $25 million paid over seven years and SCE&G will donate to
the City the existing transit assets in Charleston. The City has
also agreed to settle environmental claims it may have against
SCE&G involving the Calhoun Park area, where SCE&G and its
predecessor companies operated a manufactured gas plant until the
1960's. SCE&G will pay the City $26 million over a four-year
period to settle all claims. As part of the environmental
settlement, SCE&G has agreed to construct an 1100 space parking
garage on the Calhoun Park site and to transfer the facility to the
City in exchange for a 20-year municipal bond backed by revenues
from the parking garage and a mortgage on the parking garage. The
total amount of the bond is not to exceed $16.9 million, the
maximum expected project cost. SCE&G will contribute up to
$500,000 per year to the City to defray the cost of underground
wiring or other nonstandard service projects within scenic or
historic districts of the City, which amounts will be matched by
city funds. The City has agreed to limit such projects to those
which can be paid for out of a combined pool of funds created by
SCE&G's and the City's contributions. It is anticipated that the
Company's payments for underground wiring/nonstandard service will
be treated as investments in the electric distribution rate base by
the Company's regulators.

The Company and Westvaco Corporation have formed a limited
liability company, Cogen South LLC, which will build and operate a
$170 million cogeneration facility at Westvaco's Kraft Division
Paper Mill in North Charleston, S. C. The facility will provide
industrial process steam for the Westvaco paper mill and shaft
horsepower to enable SCE&G to generate up to 99 megawatts of
electricity. Construction financing is being provided to Cogen
South LLC by banks. In addition to the cogeneration partnership,
Westvaco has entered into a 20-year contract with SCE&G for all
its electricity requirements at SCE&G's standard industrial rate.
Construction of the plant is scheduled to begin in August 1996 and
the plant is expected to be operational in the fall of 1998.

SCANA Communications, Inc., (SCI) a wholly owned subsidiary of
SCANA, through a joint venture with a subsidiary of ITC Holding
Company, Inc., a Georgia-based telecommunications holding company,
has constructed a fiber optic network through Texas, Louisiana,
Mississippi, Alabama and Georgia. The network, which cost
approximately $70 million, consists of more than 900 miles of fiber
optic lines. SCI holds an approximate 17% interest in InterCel,
Inc. (InterCel), a publicly traded telecommunications company
providing services in Georgia, Alabama and Maine. On March 6, 1996
InterCel entered into a definitive agreement with GTE Mobilnet
Incorporated (GTE) to purchase GTE's PCS license for the Atlanta
MTA. Closing of the InterCel purchase occurred on June 28, 1996.
InterCel financed the purchase principally through a private
placement of convertible preferred stock. SCI purchased $75
million of a series of InterCel non-voting preferred stock that is
convertible to InterCel common stock after four years.

SCANA Petroleum Resources, Inc. (SPR) and Fina Oil and
Chemical Company (Fina) are parties to a joint exploration and
development agreement providing for the exclusive oil and gas
development rights on approximately 183,000 acres of onshore lands
owned by Fina in Terrebonne and LaFourche Parishes in southern
Louisiana. SPR and Fina are continuing an extensive 3-D seismic
acquisition program on the property. Fina is the operator of the
multi-million dollar seismic program, which is financed and owned
on a 50-50 basis between the companies. SPR's participation in the
seismic and drilling activity is financed largely with internal
cash flows from the existing SPR operations. Drilling activities
are expected to begin during the fourth quarter of 1996.

On April 22, 1996, SPR closed a $46.7 million sale of
substantially all of its oil and gas properties in the state of
Oklahoma to ONEOK Resources Company, a subsidiary of ONEOK, Inc.
Under the full cost method of accounting, the sale resulted in an
adjustment of the Company's oil and gas reserves and associated
costs and did not result in any gain or loss. There was no
material affect on SPR's cost per barrel equivalent of reserves.
Following the sale, over 95 percent of its remaining reserves are
located on properties in East Texas, Louisiana, Mississippi and
other onshore and offshore Gulf Coast areas. SPR 's long-term
operating strategy will be focused on these areas.

The Company anticipates that the remainder of its 1996 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, 1996 was 3.51.

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.

SCANA CORPORATION
Results of Operations
For the Three and Six Months Ended June 30, 1996
As Compared to the Corresponding Periods in 1995

Earnings and Dividends

Net income for the three and six months ended June 30, 1996
increased approximately $22.7 million and $40.3 million,
respectively, when compared to the corresponding periods in 1995.
The primary factors accounting for the improved earnings
performance were higher electric margins and improved earnings at
SPR which more than offset increases in operating expenses. SPR's
net income for the three and six months ended June 30, 1996
increased by approximately $21.3 million and $27.4 million,
respectively, when compared to the corresponding periods in 1995.
A non-recurring after-tax gain of $5.7 million reported by SCI as
a result of the business combination of Powertel PCS Partners and
Intercel, Inc. in February 1996 is included in reported net income
for the six months ended June 30, 1996.

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 4%
and 8% of income before income taxes for the six months ended June
30, 1996 and 1995, respectively.

On February 20, 1996 the Company's Board of Directors
declared a quarterly dividend on common stock of 36 3/4 cents per
share, for the quarter ended March 31, 1996. The dividend was paid
on April 1, 1996 to common stockholders of record on March 8, 1996.

On April 25, 1996 the Company's Board of Directors declared a
quarterly dividend on common stock of 36 3/4 cents per share
for the quarter ended June 30, 1996. The dividend was paid on July
1, 1996 to common stockholders of record on June 10, 1996.

Sales Margins

The changes in the electric sales margins for the three and
six months ended June 30, 1996, when compared to the corresponding
periods in 1995, were as follows:

Three Months Six Months
Change % Change Change % Change
(Millions) (Millions)

Electric operating revenues $30.4 12.7 $61.9 13.2
Less: Fuel used in electric
generation 12.4 22.9 18.0 17.0
Purchased power (2.7) (40.1) (1.6) (21.5)

Margin $20.7 11.6 $45.5 12.8

The electric sales margins increased for the three and six
months ended June 30, 1996, when compared to the corresponding
periods in 1995 as a result of the combined impact of weather, the
rate increase received by SCE&G in January 1996 and economic growth
factors.

The changes in the gas sales margins for the three and six
months ended June 30, 1996, when compared to the corresponding
periods in 1995, were as follows:

Three Months Six Months
Change % Change Change % Change
(Millions) (Millions)

Gas operating revenues $ 9.0 12.6 $27.7 15.1
Less: Gas purchased for resale 9.5 21.2 30.2 27.4

Margin $(0.5) (2.0) $(2.5) (3.4)

The decreases in the gas sales margins are primarily a result
of higher gas costs and curtailments imposed on interruptible
industrial customers as a result of abnormally cold weather in the
first quarter of 1996.

Other Operating Expenses

Changes in other operating expenses, including taxes, for the
three and six months ended June 30, 1996, when compared to the
corresponding periods in 1995 are presented in the following table:

Three Months Six Months
Change % Change Change % Change
(Millions) (Millions)

Other operation and maintenance $ 2.7 3.6 $ 2.9 2.0
Depreciation and amortization 6.3 20.6 11.3 18.4
Income taxes 3.0 15.3 8.4 17.3
Other taxes 2.6 12.7 4.4 10.5

Total $14.6 10.1 $27.0 9.1

Other operation and maintenance expenses for the three and six
months ended June 30, 1996 increased from 1995 levels primarily as
a result of higher production costs attributable to the Cope Plant
which was brought on line in January 1996. Increases in
depreciation and amortization expenses for the three and six months
comparisons reflect the addition of the Cope Plant and other
additions to plant in service. The increases in income tax expense
correspond to the increases in operating income. The increases in
other taxes reflect higher property taxes resulting from property
additions and higher millages and assessments.

Other Income

Other income, net of income taxes, for the three and six
months ended June 30, 1996 increased $17.9 million and $25.8
million, respectively, when compared to the corresponding periods
of 1995. The increases are due primarily to the improved earnings
performance of SPR attributable to a noncash reserve adjustment
recorded in the second quarter of 1995 and to higher gas prices and
lower production costs. The gain reported by SCI, discussed under
"Earnings and Dividends", is included in other income reported for
the six months ended June 30, 1996.

Interest Charges

Interest expense, excluding the debt component of AFC, for the
three and six months ended June 30, 1996 decreased $1.5 million
and $2.2 million, respectively, when compared to the corresponding
periods in 1995 primarily as a result of reductions in outstanding
debt.

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 and 5 are not applicable.

Item 4. Submission of Matters to a Vote of Security-Holders

The Annual Meeting of the Shareholders of SCANA Common
Stock (No Par Value) was held on April 25, 1996. The
following matters were voted upon at the meeting.

1. To elect four (4) directors for the terms specified in
the Proxy Statement.

Number of Number of Shares Total
Shares Voting Voting to Shares
Nominee For Withhold Authority Voted

Bill L. Amick 89,540,577 1,312,210 90,852,787
William T. Cassels, Jr. 89,513,004 1,339,783 90,852,787
Hugh M. Chapman 89,559,366 1,293,421 90,852,787
Lawrence M. Gressette, Jr. 89,520,147 1,332,640 90,852,787

2. To approve the appointment of Deloitte & Touche LLP as
independent accountants for the Corporation

Number
of
Shares

FOR 90,171,750
AGAINST 322,892
ABSTAIN 358,145
TOTAL 90,852,787

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

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 13, 1996 By: s/K. B. Marsh
K. B. Marsh, Vice President - Finance,
Chief Financial Officer and Controller

SCANA CORPORATION
EXHIBIT INDEX Sequentially
Numbered
Pages
Number
2. Plan of Acquisition, Reorganization, Arrangement,
Liquidation or Succession
Not Applicable

3. Articles of Incorporation and By-Laws

A. Restated Articles of Incorporation of SCANA
Corporation as adopted on April 26, 1989
(Exhibit 3-A to Registration Statement
No. 33-49145)........................................... #

B. Articles of Amendment dated April 27, 1995
(Exhibit 4-B to Registration Statement No.
33-62421)............................................... #

C. Copy of By-Laws of SCANA Corporation as revised
and amended on June 18, 1996 (Filed herewith)........... 21

4. Instruments Defining the Rights of Security Holders,
Including Indentures
A. Articles of Exchange of South Carolina
Electric & Gas Company and SCANA Corporation
(Exhibit 4-A to Post-Effective Amendment No. 1
to Registration Statement No. 2-90438).................. #
B. Indenture dated as of November 1, 1989 to
The Bank of New York, Trustee (Exhibit 4-A
to Registration No. 33-32107)........................... #
C. Indenture dated as of January 1, 1945, from
the South Carolina Power Company (the "Power
Company") to Central Hanover Bank and Trust
Company, as Trustee, as supplemented by three
Supplemental Indentures dated respectively as
of May 1, 1946, May 1, 1947 and July 1, 1949
(Exhibit 2-B to Registration No. 2-26459)............... #
D. Fourth Supplemental Indenture dated as of
April 1, 1950, to Indenture referred to in
Exhibit 4C, pursuant to which the Company
assumed said Indenture (Exhibit 2-C to
Registration No. 2-26459)............................... #
E. Fifth through Fifty-second Supplemental
Indenture referred to in Exhibit 4C dated
as of the dates indicated below and filed
as exhibits to the Registration Statements
and 1934 Act reports whose file numbers are
set forth below......................................... #

# Incorporated herein by reference as indicated.

SCANA CORPORATION
EXHIBIT INDEX

Number
December 1, 1950 Exhibit 2-D to Registration No. 2-26459
July 1, 1951 Exhibit 2-E to Registration No. 2-26459
June 1, 1953 Exhibit 2-F to Registration No. 2-26459
June 1, 1955 Exhibit 2-G to Registration No. 2-26459
November 1, 1957 Exhibit 2-H to Registration No. 2-26459
September 1, 1958 Exhibit 2-I to Registration No. 2-26459
September 1, 1960 Exhibit 2-J to Registration No. 2-26459
June 1, 1961 Exhibit 2-K to Registration No. 2-26459
December 1, 1965 Exhibit 2-L to Registration No. 2-26459
June 1, 1966 Exhibit 2-M to Registration No. 2-26459
June 1, 1967 Exhibit 2-N to Registration No. 2-29693
September 1, 1968 Exhibit 4-O to Registration No. 2-31569
June 1, 1969 Exhibit 4-C to Registration No. 33-38580
December 1, 1969 Exhibit 4-Q to Registration No. 2-35388
June 1, 1970 Exhibit 4-R to Registration No. 2-37363
March 1, 1971 Exhibit 2-B-17 to Registration No. 2-40324
January 1, 1972 Exhibit 4-C to Registration No. 33-38580
July 1, 1974 Exhibit 2-A-19 to Registration No. 2-51291
May 1, 1975 Exhibit 4-C to Registration No. 33-38580
July 1, 1975 Exhibit 2-B-21 to Registration No. 2-53908
February 1, 1976 Exhibit 2-B-22 to Registration No. 2-55304
December 1, 1976 Exhibit 2-B-23 to Registration No. 2-57936
March 1, 1977 Exhibit 2-B-24 to Registration No. 2-58662
May 1, 1977 Exhibit 4-C to Registration No. 33-38580
February 1, 1978 Exhibit 4-C to Registration No. 33-38580
June 1, 1978 Exhibit 2-A-3 to Registration No. 2-61653
April 1, 1979 Exhibit 4-C to Registration No. 33-38580
June 1, 1979 Exhibit 4-C to Registration No. 33-38580
April 1, 1980 Exhibit 4-C to Registration No. 33-38580
June 1, 1980 Exhibit 4-C to Registration No. 33-38580
December 1, 1980 Exhibit 4-C to Registration No. 33-38580
April 1, 1981 Exhibit 4-D to Registration No. 33-49421
June 1, 1981 Exhibit 4-D to Registration No. 2-73321
March 1, 1982 Exhibit 4-D to Registration No. 33-49421
April 15, 1982 Exhibit 4-D to Registration No. 33-49421
May 1, 1982 Exhibit 4-D to Registration No. 33-49421
December 1, 1984 Exhibit 4-D to Registration No. 33-49421
December 1, 1985 Exhibit 4-D to Registration No. 33-49421
June 1, 1986 Exhibit 4-D to Registration No. 33-49421
February 1, 1987 Exhibit 4-D to Registration No. 33-49421
September 1, 1987 Exhibit 4-D to Registration No. 33-49421
January 1, 1989 Exhibit 4-D to Registration No. 33-49421
January 1, 1991 Exhibit 4-D to Registration No. 33-49421
February 1, 1991 Exhibit 4-D to Registration No. 33-49421
July 15, 1991 Exhibit 4-D to Registration No. 33-49421

# Incorporated herein by reference as indicated.

SCANA CORPORATION
EXHIBIT INDEX
Sequentially
Numbered
Pages
Number
August 15, 1991 Exhibit 4-D to Registration No. 33-49421
April 1, 1993 Exhibit 4-E to Registration No. 33-49421
July 1, 1993 Exhibit 4-D to Registration No. 33-57955
F. Indenture dated as of April 1, 1993 from
South Carolina Electric & Gas Company to
NationsBank of Georgia, National Association
(Filed as Exhibit 4-F to Registration Statement
No. 33-49421)........................................... #
G. First Supplemental Indenture to Indenture
referred to in Exhibit 4-F dated as of June 1, 1993
(Filed as Exhibit 4-G to Registration Statement
No. 33-49421)........................................... #
H. Second Supplemental Indenture to Indenture
referred to in Exhibit 4-F dated as of June 15, 1993
(Filed as Exhibit 4-G to Registration Statement
No. 33-57955)........................................... #

10. Material Contracts
Not Applicable

11. Statement Re Computation of Per Share Earnings
Not Applicable

15. Letter Re Unaudited Interim Financial Information
Not Applicable

18. Letter Re Change in Accounting Principles
Not Applicable

19. Report Furnished to Security Holders
Not Applicable

22. Published Report Regarding Matters Submitted to
Vote of Security Holders
Not Applicable

23. Consents of Experts and Counsel
Not Applicable

24. Power of Attorney
Not Applicable

27. Financial Data Schedule (Filed herewith)

99. Additional Exhibits
Not Applicable