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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM U5S

ANNUAL REPORT

For the year ended December 31, 2004

Filed pursuant to the Public Utility Holding Company Act of 1935 by

SCANA Corporation
1426 Main Street
Columbia, SC 29201

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TABLE OF CONTENTS

Item		Page
1		SYSTEM COMPANIES AND INVESTMENTS THEREIN AS OF DECEMBER 31, 2004		3
2		ACQUISITIONS OR SALES OF UTILITY ASSETS		4
3		ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES		4
4		ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES		4
5		INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES		5
6		OFFICERS AND DIRECTORS		6
		Part I		6
		Part II		14
		Part III		14
7		CONTRIBUTIONS AND PUBLIC RELATIONS		23
8		SERVICE, SALES AND CONSTRUCTION CONTRACTS		24
		Part I		24
		Part II		24
		Part III		24
9		WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES		24
10		FINANCIAL STATEMENTS AND EXHIBITS		25
		FINANCIAL STATEMENTS		25
		EXHIBITS		39

2

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ITEM 1. SYSTEM COMPANIES AND INVESTMENTS THEREIN AS OF DECEMBER 31, 2004

Name of Company (and abbreviation used herein)					# Common Shares Owned		% Voting Power		Issuer Book Value			Owner's Book Value			Type of Business
									(Dollars in Millions)
SCANA Corporation (SCANA)					Publicly owned										Registered holding company
	South Carolina Electric & Gas Company (SCE&G)				40,296,147		100		$	2,270		$	2,270		Electric and gas utility
		SC Coaltech No. 1 LP(1)			n/a		40			8			2		Rule 58 energy-related
		Coaltech No. 1 LP(2)			n/a		25			—			—		Rule 58 energy-related
	South Carolina Generating Company, Inc. (GENCO)				1		100			80			80		Electric utility
	South Carolina Fuel Company, Inc. (SCFC)				1		100			—			—		Nonutility-fuel and emission allowance procurement
	South Carolina Pipeline Corporation (SCPC)				1,000		100			114			114		Rule 58 energy-related
	SCANA Energy Marketing, Inc. (SEMI)				1		100			14			14		Rule 58 energy-related
		PSNC Production Corporation			1,000		100			5			5		Rule 58 energy-related
			SCANA Public Service Company, LLC		n/a		100			9			9		Rule 58 energy-related
	SCANA Services, Inc.				1,000		100			5			5		Service company
	SCANA Communications, Inc. (SCI)				1		100			162			162		Rule 58 energy-related
		SCANA Communications Holdings, Inc. (SCHI)			1,000		100			60			60		Exempt telecommunications company
		FRC, LLC(3)			n/a		50			18			9		Rule 58 energy-related
	Primesouth Inc. (PSI)				1,000		100			18			18		Rule 58 energy-related
		Palmark, Inc.			1,000		100			—			—		Rule 58 energy-related
	SCANA Resources, Inc. (SR)				1		100			—			—		Rule 58 energy-related
	ServiceCare, Inc.				1,000		100			6			6		Rule 58 energy-related
	SCANA Development Corporation (SDC)*				4		100			3			3		Rule 58 energy-related
	Cogen South LLC(4)				n/a		50			21			10		Rule 58 energy-related
	Public Service Company of North Carolina, Incorporated (PSNC)				1,000		100			514			514		Gas utility
		Clean Energy Enterprises, Inc.			2,000		100			—			—		Rule 58 energy-related
		PSNC Blue Ridge Corporation			1,000		100			5			5		Intermediate holding company
			Pine Needle LNG Company, LLC(5)		n/a		17			52			9		Rule 58 energy-related
		PSNC Cardinal Pipeline Company			1,000		100			10			10		Intermediate holding company
			Cardinal Pipeline Company, LLC(6)		n/a		33.2			56			19		Rule 58 energy-related
	SCG Pipeline, Inc.				100		100			16			16		Rule 58 energy-related
	SCANA Corporate Security Services, Inc.(7)				1,000		100			—			—		Rule 58 energy-related

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*

Denotes inactive company

(1)

SC Coaltech No. 1 LP is owned 59.99% ($6 million) by USA Coaltech LP (limited partner), 0.01% by Coaltech LLC (general partner) and 40% ($2 million) by SCE&G (limited partner).

(2)

Coaltech No. 1 LP is owned 56.25% (($0.3) million) by Square D Co. (limited partner), 17.75% ($0.1 million) by Canadys Synfuel LLC (limited partner), 25% (($0.1) million) by SCE&G (limited partner) and 1% by US Coal LLC (general partner).

(3)

FRC, LLC is owned 50% by Palmetto Net, Inc. ($8.9 million) and 50% by SCI ($8.9 million).

(4)

Cogen South LLC is owned 50% ($10.3 million) by SCANA and 50% ($10.3 million) by MeadWestvaco.

(5)

Pine Needle LNG Company, LLC is owned 40% ($20.7 million) by Piedmont Interstate Pipeline Company, 35% ($18.1 million) by Transcarolina LNG Company, 17% ($8.8 million) by PSNC Blue Ridge Corporation, 5% ($2.6 million) by Hess LNG Company and 3% ($1.6 million) by Municipal Gas Authority of Georgia.

(6)

Cardinal Pipeline Company, LLC is owned 45.3% ($25.5 million) by TransCardinal Company, 33.2% ($18.7 million) by PSNC Cardinal Pipeline Company and 21.5% ($12.1 million) by Piedmont Intrastate Pipeline Company.

(7)

Incorporated in South Carolina on March 19, 2004 to provide security services to the subsidiaries of SCANA.

Note:

In 2004 SCHI sold its investments in ITC^DeltaCom, Inc. and Knology, Inc.

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ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS

        None.

ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES

Name of Issuer		Title of Issue		Issued and Sold			Pledged Guaranteed Assumed		Interest Rate		Transaction Date		Proceeds			Commission Authorization
GENCO		Senior Secured Notes		$	100,000,000		—		5.49	%	02/11/2004		$	100,000,000		Rule 52
SCE&G		Infrastructure Loan			35,400,000		—		*		Various			35,400,000		Rule 52
SCG Pipeline		Note (unsecured)			12,000,000		—		Variable		11/01/2003			12,000,000		Rule 52
SCG Pipeline		Note (unsecured)			1,750,000		—		Variable		12/01/2003			1,750,000		Rule 52
SCPC		Note (unsecured)			100,000,000		—		5.44	%	10/01/2004			100,000,000		Rule 52

*An agreement with the South Carolina Transportation Infrastructure Bank (the Bank) and the South Carolina Department of Transportation (SCDOT) allows SCE&G to borrow funds interest-free from the Bank to construct a roadbed for SCDOT in connection with the Lake Murray Dam remediation project.

        SCFC is party to a commercial paper credit agreement for borrowings up to $125,000,000. The amount of commercial paper outstanding at December 31, 2004 was $31,342,000. The maximum amount outstanding during 2004 was $45,736,000 on January 1, 2004. The average daily interest rate during 2004 was 1.38%.

        The registrant, SCE&G and SCPC are self-insured for the first $500,000 for worker's compensation coverage guaranteed through a letter of credit (in lieu of a bond). PSNC is self-insured for the first $200,000 for worker's compensation coverage guaranteed by a treasury note.

        The above items do not include guarantees of system companies which have been authorized by Commission order under the Public Utility Holding Company Act of 1935, as amended, and which are subject to Rule 24 certificate filing requirements.

ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES

				Number of Shares or Principal Amount								Extinguished (E) or Held for Further Disposition (D)		Commission Authorization or Exemption
Name of Issuer		Title of Issue
				Acquired		Redeemed		Retired		Consideration
SCE&G		First and Refunding Mortgage		—		100,000,000		—		—		E		Rule 42
SCE&G		Franchise Agreement		—		—		2,470,000		2,470,000		E		Rule 42
SCE&G		Infrastructure Loan		—		—		2,950,000		2,950,000		E		Rule 42
SCE&G		Department of Energy D&D Fund		—		—		448,803		448,803		E		Rule 42
PSNC		Senior Debenture (unsecured)		—		—		7,500,000		7,500,000		E		Rule 42
SCANA		Notes (unsecured)		—		—		50,000,000		50,000,000		E		Rule 42
SCPC		Notes (unsecured)		—		—		1,250,000		1,250,000		E		Rule 42
GENCO		Notes (unsecured)		—		—		3,700,000		3,700,000		E		Rule 42

4

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ITEM 5. INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES

        Category 1

        Category 2

Investor		Issuer		Investment		Shares		% Voting Power		Book Value			Description
SCHI		ITC^DeltaCom, Inc.		Warrants to purchase Common Stock		506,862		—		$	50,000		Telecommunications—Section 34 exempt
SCHI		Magnolia Holding Company LLC		Common Shares		6,213,732		—		$	1,265,273		Telecommunications—Section 34 exempt
PSI		West Texas Renewables LP		Limited Partnership		n/a		—		$	4,752,200		Electric generation
PSI		DFI Group Inc.		Operating capital		n/a		—		$	100,000		Fuel production

5

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ITEM 6. OFFICERS AND DIRECTORS

Part I.

OFFICERS

        Symbols indicating the positions held by officers are as follows:

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7

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8

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9

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DIRECTORS

SCANA CORPORATION
	Bill L. Amick Amick Farms, Inc. Route 3, Box 140 HWY 178 P. O. Box 2309 Batesburg-Leesville, SC 29070-0309		W. Hayne Hipp The Liberty Corporation 135 South Main Street P. O. Box 789 Greenville, SC 29602
	James A. Bennett First Citizens Bank Executive Office 1225 Lady Street Columbia, SC 29201		Lynne M. Miller Environmental Strategies Consulting, LLC 11911 Freedom Drive, Suite 900 Reston, VA 20190

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	William B. Bookhart, Jr. Capital Bank 4901 Glenwood Avenue Raleigh, NC 27612		Maceo K. Sloan Sloan Financial Group, Inc. 103 West Main Street, Suite 400 Durham, NC 27701-3638
	William C. Burkhardt 3100 NE 48th Court, Apt. 109 Lighthouse Point, FL 33064		Harold C. Stowe Canal Holdings LLC 3700 Clay Pond Road, Suite 6 Myrtle Beach, SC 29579
	Elaine T. Freeman ETV Endowment of SC 401 East Kennedy St., Suite B-1 Spartanburg, SC 29302		William B. Timmerman Chairman, President and Chief Executive Officer SCANA Corporation 19-8 Columbia, SC 29218
	D. Maybank Hagood William M. Bird and Co., Inc. 4210 Azalea Drive P. O. Box 20040 Charleston, SC 29413		G. Smedes York York Properties, Inc. 1900 Cameron Street P. O. Box 10007 Raleigh, NC 27605
SOUTH CAROLINA ELECTRIC & GAS COMPANY(1)(2)
SC COALTECH NO. 1, LP
	William D. Brown(3)
COALTECH NO. 1, LP
	David S. O'Neill(4)
SOUTH CAROLINA GENERATING COMPANY, INC.(1)(2)
SOUTH CAROLINA PIPELINE CORPORATION(1)(2)
SCANA ENERGY MARKETING, INC.(1)(2)
PSNC PRODUCTION CORPORATION(1)(2)
SCANA PUBLIC SERVICE COMPANY LLC(1)(2)
SCANA SERVICES, INC.(1)(2)
SCANA COMMUNICATIONS, INC.(1)(2)
SCANA COMMUNICATIONS HOLDINGS, INC.
	P. J. Winnington 300 Delaware Avenue, Suite 510 Wilmington, Delaware 19801		William B. Timmerman(2) James A. Bennett(2)
FRC, LLC(5)
	George J. Bullwinkel, Jr. James Johnson		Terry Metze Larry Vincent
PRIMESOUTH INC.(1)(2)
PALMARK, INC.(1)(2)
SCANA RESOURCES, INC.(1)(2)
SERVICECARE, INC.(1)(2)
SCANA DEVELOPMENT CORPORATION(1)(2)

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COGEN SOUTH, LLC(6)
	James M. Landreth John D. Andrews
PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED(1)(2)
CLEAN ENERGY ENTERPRISES, INC.(1)(2)
PSNC BLUE RIDGE CORPORATION(1)(2)
PINE NEEDLE LNG COMPANY, LLC
	Arthur Corbin 104 Town Park Drive Kennesaw, GA 30144		Frank Ferazzi 2800 Post Oak Boulevard Post Office Box 1396 Houston, TX 77251-1396
	Terry Davis 411 Fayetteville Street Mall — PEB18C5 Post Office Box 1551 Raleigh, North Carolina 27602		Donald Lutken One Allen Center 500 Dallas Street Houston, Texas 77002
	Russell Rush 2800 Post Oak Boulevard Houston, Texas 77251-1396		Thomas E. Skains 1915 Rexford Road Post Office Box 33068 Charlotte, North Carolina 28233
	Bill Williams 800 Gaston Road, Building A Gastonia, North Carolina 28056
PSNC CARDINAL PIPELINE COMPANY(1)(2)
CARDINAL PIPELINE COMPANY, LLC(7)
Terry Davis Thomas E. Skains			Frank Ferazzi Bill Williams
SCG PIPELINE, INC.(1)(2)

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(1)

Directors are the same as for SCANA Corporation.

(2)

Business addresses of directors are the same as for SCANA Corporation.

(3)

Mr. Brown is the general partner for the partnership. His business address is 823 McCalls Mill Road, Lexington, Kentucky 40505.

(4)

Mr. O'Neill is the general partner for the partnership. His business address if 5487 N. Milwaukee Avenue, Chicago, Illinois 60630.

(5)

The business address for all members, except Mr. Bullwinkel, is 454 S. Anderson Road, Suite 303, Rock Hill, South Carolina 29730.

(6)

Mr. Landreth's address is 111 Research Drive, Columbia, South Carolina 29203. Mr. Andrews' business address is Post Office Box 118005, Charleston, South Carolina 29423-8005.

(7)

The business address for each director is the same as the applicable business address listed for Pine Needle LNG Company, LLC.

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Part II.

Name of Officer or Director		Name and Location of Financial Institution		Position Held in Financial Institution		Applicable Exemption Rule
James A. Bennett		First Citizens Bank		Executive Vice President and Director of Public Affairs		Pending no action letter
William C. Burkhardt		Capital Bank		Director		70(a)
Elaine T. Freeman		National Bank of South Carolina		Director		70(a)
Lynne M. Miller		Adams National Bank		Director		70(b)
Maceo K. Sloan		M&F Bancorp		Director		70(b)

Part III.

        (a)   The compensation of directors and executive officers of system companies:

Director Compensation

Board Fees

        Officers of SCANA who are also directors do not receive additional compensation for their service as directors. Since July 1, 2004, compensation for non-employee directors consists of the following:

•

an annual retainer of $36,000 (60% of the annual retainer fee is paid in shares of SCANA common stock);

•

$3,500 for each board meeting attended;

•

$3,000 for attendance at a committee meeting held on a day other than a day a regular meeting of the Board is held;

•

$300 for participation in a telephone conference meeting of 30 minutes or less, and $600 for participation in a telephone conference exceeding 30 minutes;

•

$3,000 for attendance at an all-day conference; and

•

reimbursement for expenses incurred in connection with all of the above.

Director Compensation and Deferral Plans

        Since January 1, 2001, non-employee director compensation and deferrals have been governed by the SCANA Corporation Director Compensation and Deferral Plan. Amounts deferred by directors in previous years under the SCANA Voluntary Deferral Plan continue to be governed by that plan.

        Under the Director Compensation and Deferral Plan, a director may elect to defer the 60% of the annual retainer fee required to be paid in SCANA common stock in a hypothetical investment in SCANA common stock, with distribution from the plan to be ultimately payable in actual shares of SCANA common stock. A director may also elect to defer the 40% of the annual retainer fee not required to be paid in stock and up to 100% of meeting attendance and conference fees with distribution from the plan to be ultimately payable in either SCANA common stock or cash. Amounts payable in SCANA common stock accrue earnings during the deferral period at SCANA's dividend rate, which amount may be elected to be paid in cash when accrued or retained to invest in hypothetical shares of SCANA common stock. Amounts payable in cash accrue interest earnings until paid.

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Executive Officer Compensation

Base Salaries

        Executive salaries are reviewed annually by the Human Resources Committee. Adjustments are made on the basis of an assessment of individual performance, relative levels of accountability, prior experience, breadth and depth of knowledge and changes in market pay practices.

Annual Incentive Plan

        SCANA's Annual Incentive Plan promotes SCANA's pay-for-performance philosophy, as well as its goal of having a meaningful amount of executive pay "at-risk." Through this plan, financial incentives are provided in the form of annual cash bonuses.

        Bonuses earned are based on the level of performance achieved. Award payouts calculated as a percentage of salary control point, may increase to a maximum of 1.5 times target if performance exceeds the goals established. Award payouts may decrease, generally to a minimum of one-half the target-level awards, if performance fails to meet established targets. Awards earned based on the achievement of pre-established goals may nonetheless be decreased if the Human Resources Committee determines that actual results warrant a lower payout.

        For 2004, the Annual Incentive Plan placed equal emphasis on achieving profitability targets and meeting annual business objectives relating to such matters as efficiency, quality of service, customer satisfaction and progress toward SCANA's strategic objectives. The plan allows for an adjustment of an award based upon an evaluation of individual performance. Each award may be increased or decreased by no more than 20% based on the individual performance evaluation, but in no case may an award exceed the maximum payout of 1.5 times target.

        Due to SCANA's accomplishment of its profitability targets and meeting its annual business objectives for 2004, participants in the plan received payouts for 2004.

Long-Term Equity Compensation Plan

        The potential value of long-term incentive opportunities comprises a significant portion of the total compensation package for officers and key employees. The Human Resources Committee believes this approach to total compensation opportunities provides the appropriate focus for those officers and other key employees who are charged with the responsibility for managing the Company and achieving success for SCANA's shareholders. A portion of each executive's potential compensation consists of awards under the Long-Term Equity Compensation Plan. Long-term awards available to the committee under the plan include incentive and nonqualified stock options, stock appreciation rights (either alone or in tandem with a related option), restricted stock, performance units and performance shares. Certain of these awards may be granted subject to satisfaction of specific performance goals. For the 2004-2006 cycle, awards under the Long-Term Equity Compensation Plan consisted of performance shares and performance units.

Performance Share Awards

        SCANA's performance share awards under the Long-Term Equity Compensation Plan pay bonuses to executives based on SCANA's Total Shareholder Return ("TSR") relative to a group of peer companies over a three-year period. The purpose of performance share awards is to ensure that executives are compensated only when shareholders gain.

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        TSR is stock price increase over the three-year period, plus cash dividends paid during that period, divided by stock price as of the beginning of the period. Comparing SCANA's TSR to the TSR of a group of other companies reflects SCANA's recognition that investors could have invested their funds in other entities and measures how well SCANA performed when compared to others in the group.

Performance Unit Awards

        SCANA's performance unit awards under the Long-Term Equity Compensation Plan pay bonuses to executives based on increases in earnings per share from ongoing operations over a three-year period. The purpose of the performance unit awards is to tie a portion of the executive's potential compensation to success in the operations area. Earnings from ongoing operations are net earnings from operations excluding (i) the cumulative effect of mandated changes in accounting principles and (ii) the effect of sales of certain investments and assets, impairment charges related to certain investments and charges related to litigation.

2004 Compensation of Chief Executive Officer

        For 2004, Mr. Timmerman's compensation consisted of the following:

•

Base salary of $937,100 derived by reference to executive pay for the market group described on page 21. Mr. Timmerman's salary increase was based on his responsibilities as Chairman and Chief Executive Officer, external pay practices and the Human Resources Committee's assessment of his overall performance during the preceding year. Because this determination was subjective, no one factor was assigned a particular weighting by the committee.



•

For the year 2004, Mr. Timmerman's Annual Incentive Plan target award was 85% of the salary control point for his position. Mr. Timmerman's 2004 award was based on three factors: SCANA EPS, achievement of strategic plan objectives and the Human Resources Committee's subjective assessment of his individual performance. Performance in these factors resulted in Mr. Timmerman receiving a payout of 125% of target for the 2004 performance period.



•

In 2004, Mr. Timmerman's Long-Term Equity Compensation Plan target was set at 150% of the salary control point for his salary grade. This resulted in an award of 31,773 performance shares and 21,182 performance units for the period of 2004-2006. The amount of the award was determined by the Human Resources Committee based on Mr. Timmerman's salary, level of responsibility and competitive practices.

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Summary Compensation Table
						Annual Compensation						Long-Term Compensation
												Awards		Payouts
Executive Officer of System Company		Name and Principal Position		Year		Salary ($)		Bonus(1) ($)		Other Annual Compensation(2) ($)		Securities Underlying Option/ SARS (#)		LTIP Payouts(3) ($)		All Other Compensation(4) ($)
All System Companies		W. B. Timmerman Chairman, President and Chief Executive Officer—SCANA		2004 2003 2002		931,583 858,219 751,228	(5)	948,494 718,493 760,949		7,788 5,754 16,435		— — 219,200		— 1,150,242 536,884		101,040 97,150 44,614
SCANA Services & SCE&G		N. O. Lorick President and Chief Operating Officer—SCE&G		2004 2003 2002		470,833 419,808 376,538		378,625 300,036 317,808		8,075 5,962 16,958		— — 77,816		— 325,384 145,487		47,252 44,257 22,132
All System Companies		K. B. Marsh Senior Vice President and Chief Financial Officer—SCANA		2004 2003 2002		470,833 419,808 375,384		378,625 300,036 317,808		1,282 928 10,183		— — 77,816		— 325,384 209,432		47,252 44,257 22,063
SCANA Services & SCPC		G. J. Bullwinkel President and Chief Operating Officer—South Carolina Pipeline Corporation		2004 2003 2002		389,583 346,411 305,332		247,625 212,575 176,628		5,257 3,904 13,993		— — 42,341		— 169,634 146,345		36,943 31,382 17,860
SCANA Services & SCE&G		S. A. Byrne Senior Vice President-Nuclear Operations—SCE&G		2004 2003 2002		362,728 323,351 285,385		225,660 180,675 191,339		— — 9,000		— — 42,992		— 169,634 146,345		33,366 30,993 16,663
All System Companies		H. T. Arthur* Senior Vice President and General Counsel		2004 2003 2002		343,333 360,950 297,115		210,438 180,675 191,339		6,993 5,106 15,830		— — 42,992		— 169,634 146,345		32,690 33,603 17,367

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(1)

Payments under the Annual Incentive Plan.

(2)

For 2004, other annual compensation consists of life insurance premiums on policies owned by named executive officers.

(3)

Payouts of performance share awards under the Company's Long Term Equity Compensation Plan.

(4)

All other compensation for all named executive officers consists solely of Company matching contributions to defined contribution plans, except for Mr. Arthur who retired as of January 3, 2005.

(5)

Reflects actual salary paid in 2004. Base salary of $937,100 became effective on February 19, 2004.

*

Information with respect to a Consulting Agreement with Mr. Arthur and SCANA Corporation is described under "Consulting Agreement and Other Benefits" as listed in SCANA's Annual report on Form 10-K for the year ended December 31, 2004.

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        (b)   Interest in securities of system companies

        The following table lists shares of SCANA common stock beneficially owned on January 20, 2005.

SHARE OWNERSHIP OF DIRECTORS, NOMINEES AND EXECUTIVE OFFICERS

Name		Amount and Nature of Beneficial Ownership of SCANA Common Stock*(1)(2)(3)(4)(5)		Name		Amount and Nature of Beneficial Ownership of SCANA Common Stock*(1)(2)(3)(4)(5)
B. L. Amick(6)		10,865		D. M. Hagood(6)		1,408
H. T. Arthur		89,091		W. H. Hipp		4,896
J. A. Bennett		2,523		N. O. Lorick		44,686
W. B. Bookhart, Jr.(6)		24,337		K. B. Marsh		44,020
J. C. Bouknight		177		L. M. Miller		3,603
G. J. Bullwinkel		76,409		F. P. Mood		900
S. D. Burch		23,012		M. K. Sloan(6)		4,678
W. C. Burkhardt(6)		12,142		H. C. Stowe(6)		2,500
S. A. Byrne		78,784		W. B. Timmerman		180,608
P. V. Fant		24,703		G. S. York		12,707
E. T. Freeman		11,568

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*

Each of the above owns less than 1% of the shares outstanding.

        All directors and executive officers as a group (20 persons) total 724,483 shares, including 346,252 shares subject to currently exercisable options and options that will become exercisable within 60 days. Total percent of class outstanding is less than one percent.

(1)

Includes 6,864 shares owned by close relatives of Mr. Bookhart, the beneficial ownership of which he disclaims and 182 shares owned by Mr. Lorick.

(2)

Includes shares purchased through January 20, 2005, by the Trustee under SCANA's Stock Purchase Savings Plan.

(3)

Hypothetical shares acquired under the SCANA Director Compensation and Deferral Plan are not included in the above table. As of January 6, 2005, each of the following directors had acquired under the plan, the number of hypothetical shares following his or her name: Messrs. Amick-9,998, Bennett- 9,781, Burkhardt-11,835, Hagood-2,865, Hipp-9,701, Sloan-10,663, Stowe-10,034, York-11,123 and Ms. Miller-11,283.

(4)

Includes shares subject to options that are currently exercisable or that will become exercisable within 60 days in the following amounts: Messrs. Timmerman-123,067; Lorick-25,939; Marsh-25,939, Bullwinkel-42,407; Byrne-70,930 and Arthur-70,930.

(5)

Hypothetical shares acquired under the SCANA Executive Deferred Compensation Plan are not included in the above table. As of January 6, 2005, each of the following officers had acquired under the plan, the number of hypothetical shares following his or her name: Messrs. Timmerman-31,041; Bullwinkel-9,608; Lorick-6,855; Marsh-4,762, Byrne-3,993 and Arthur-5,547.

(6)

Human Resources Committee.

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Option Exercises, Outstanding Options and Related Information

Aggregated Option/SAR Exercises in Last Fiscal Year and FY-End Option/SAR Values

(a)		(b)		(c)		(d)		(e)
Name		Shares Acquired On Exercise (#)		Value Realized ($)		Number of Securities Underlying Unexercised Options/SARs At FY-End (#) Exercisable/ Unexercisable		Value of Unexercised In-the-Money Options/SARs at FY-End ($)(1) Exercisable/ Unexercisable
W. B. Timmerman		261,534		1,956,678		50,000/73,067		594,000/868,036
N. O. Lorick		90,920		780,117		0/25,939		0/308,155
K. B. Marsh		100,215		878,895		0/25,939		0/308,155
G. J. Bullwinkel		25,000		234,402		31,166/14,113		358,508/161,689
S. A. Byrne		—		—		56,599/14,331		656,320/170,252
H. T. Arthur		—		—		56,599/14,331		656,320/170,252

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(1)

Based on the closing price of $39.40 per share on December 31, 2004, the last trading day of the fiscal year.

Long-Term Incentive Plans Awards

        The following table lists the performance share awards and the performance unit awards made in 2004 (for potential payment in 2007) under the Long-Term Equity Compensation Plan and estimated future payouts under that plan at threshold, target and maximum levels for each of the executive officers included in the Summary Compensation Table.

LONG-TERM INCENTIVE PLANS
AWARDS IN LAST FISCAL YEAR

						Estimated Future Payouts Under Non-Stock Price-Based Plans
		Number of Shares, Units or Other Rights(#)		Performance or Other Period Until Maturation or Payout
Name						Threshold (#)		Target (#)		Maximum (#)
W. B. Timmerman		31,773	(1)	2004-2006		15,887		31,773		47,660
W. B. Timmerman		21,182	(2)	2004-2006		10,591		21,182		31,773
N. O. Lorick		11,057	(1)	2004-2006		5,529		11,057		16,586
N. O. Lorick		7,372	(2)	2004-2006		3,686		7,372		11,058
K. B. Marsh		11,057	(1)	2004-2006		5,529		11,057		16,586
K. B. Marsh		7,372	(2)	2004-2006		3,686		7,372		11,058
G. J. Bullwinkel		7,991	(1)	2004-2006		3,996		7,991		11,987
G. J. Bullwinkel		5,327	(2)	2004-2006		2,664		5,327		7,991
S. A. Byrne		7,991	(1)	2004-2006		3,996		7,991		11,987
S. A. Byrne		5,327	(2)	2004-2006		2,664		5,327		7,991
H. T. Arthur		5,992	(1)	2004-2006		3,996		7,991		11,987
H. T. Arthur		3,995	(2)	2004-2006		2,664		5,327		7,991

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(1)

Performance Share Awards

(2)

Performance Unit Awards

19

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        Payouts on performance share awards will occur when SCANA's total shareholder return is in the top two-thirds of the Long-Term Equity Compensation Plan peer group for the period and will vary based on SCANA's ranking against the peer group. Executives will earn threshold payouts (50% of award) at the 33rd percentile of three-year performance. Target payouts (100% of award) will be made at the 50th percentile of three-year performance. Maximum payouts (150% of award) will be made when performance is at or above the 75th percentile of the peer group. Payments will be made on a sliding scale for performance between threshold and target and target and maximum. No payouts will be earned if performance is at less than the 33rd percentile. Awards are designated as target shares of SCANA common stock and may be paid in stock or cash or a combination of stock and cash.

        Payouts on performance unit awards will occur when SCANA's three-year average growth in earnings per share from ongoing operations equals or exceeds 2%. Executives will earn threshold payments (50% of award) at 2% average growth, target payments (100% of award) at 4% average growth and maximum payouts (150% of award) at 6% average growth. No payouts will occur if average growth in earnings per share from ongoing operations over the period is less than 2%. Awards are designated as target units of SCANA common stock and may be paid in stock or cash or a combination of stock and cash at SCANA's discretion.

Defined Benefit Plans

        SCANA has a tax qualified defined benefit retirement plan (the "Retirement Plan"). The plan has a mandatory cash balance benefit formula for employees hired on or after January 1, 2000. Effective July 1, 2000, SCANA employees hired prior to January 1, 2000 were given the choice of remaining under the Retirement Plan's final average pay formula or switching to the cash balance formula. All the executive officers named in the Summary Compensation Table elected to participate under the cash balance formula of the plan.

        The cash balance formula is expressed in the form of a hypothetical account balance. Account balances are increased monthly by interest and compensation credits. The interest rate used for accumulating account balances is determined annually and is equal to the average rate for 30-year Treasury Notes for December of the previous calendar year. Compensation credits equal 5% of compensation under the Social Security wage base and 10% of compensation in excess of the Social Security wage base.

        In addition to its Retirement Plan for all employees, SCANA has Supplemental Executive Retirement Plans ("SERPs") for certain eligible employees, including officers. A SERP is an unfunded plan that provides for benefit payments in addition to benefits payable under the qualified Retirement Plan in order to replace benefits lost in the Retirement Plan because of Internal Revenue Code maximum benefit limitations.

Termination, Severance and Change in Control Arrangements

        SCANA maintains an Executive Benefit Plan Trust. The purpose of the trust is to help retain and attract quality leadership in key SCANA positions. The trust holds SCANA contributions (if made) which may be used to pay the deferred compensation benefits of certain directors, executives and other key employees of SCANA in the event of a Change in Control (as defined in the trust). The current executive officers included in the Summary Compensation Table participate in all the plans listed below which are covered by the trust.

(1)

SCANA Corporation Executive Deferred Compensation Plan

(2)

SCANA Corporation Supplemental Executive Retirement Plan

(3)

SCANA Corporation Long-Term Equity Compensation Plan

(4)

SCANA Corporation Annual Incentive Plan

(5)

SCANA Corporation Key Executive Severance Benefits Plan

20

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(6)

SCANA Corporation Supplementary Key Executive Severance Benefits Plan

        The Key Executive Severance Benefits Plan and each of the plans listed under (1) through (4) provide for payment of benefits in a lump sum to the eligible participants immediately upon a Change in Control, unless the Key Executive Severance Benefits Plan is terminated prior to the Change in Control. In contrast, the Supplementary Key Executive Severance Benefits Plan is operative for a period of 24 months following a Change in Control where the Key Executive Severance Benefits Plan is inoperative because it was terminated before the Change in Control. The Supplementary Key Executive Severance Benefits Plan provides benefits in lieu of those otherwise provided under plans (1) through (4) if: (i) the participant is involuntarily terminated from employment without "Just Cause," or (ii) the participant voluntarily terminates employment for "Good Reason" (as these terms are defined in the Supplementary Key Executive Severance Benefits Plan).

        Benefit distributions relative to a Change in Control, as to which either the Key Executive Severance Benefits Plan or the Supplementary Key Executive Severance Benefits Plan is operative, include an amount equal to estimated federal, state and local income taxes and any estimated applicable excise taxes owed by the plan participants on those benefits.

        The benefit distributions under the Key Executive Severance Benefits Plan would include the following three benefits:

•

An amount equal to three times the sum of: (i) the participant's annual base salary in effect as of the Change in Control and (ii) the officer's target annual incentive award in effect as of the Change in Control under the Annual Incentive Plan.



•

An amount equal to the projected cost for medical, long-term disability and certain life insurance coverage for three years following the Change in Control as though the participant had continued to be a SCANA employee.



•

An amount equal to the participant's Supplemental Executive Retirement Plan benefit accrued to the date of the Change in Control, increased by the present value of projected benefits that would otherwise accrue under the plan (based on the plan's actuarial assumptions) assuming that the participant remained employed until reaching age 65 and offset by the value of the participant's Retirement Plan benefit.

        Additional benefits payable upon a Change in Control where the Key Executive Severance Benefits Plan is operable are:

•

A benefit distribution of all amounts credited to the participant's Executive Deferred Compensation Plan account as of the date of the Change in Control.



•

A benefit distribution under the Long-Term Equity Compensation Plan equal to 100% of the target performance share and performance unit awards for all performance periods not completed as of the date of the Change in Control, if any.



•

Under the Long-Term Equity Compensation Plan, all nonqualified stock options awarded would become immediately exercisable and remain exercisable throughout their term.



•

A benefit distribution under the Annual Incentive Plan equal to 100% of the target award in effect as of the date of the Change in Control.

        The benefits and their respective amounts under the Supplementary Key Executive Severance Benefits Plan would be the same except that the benefits payable with respect to the Executive Deferred Compensation Plan would be increased by the prime rate published in the Wall Street Journal most nearly preceding the date of the Change in Control plus 3% calculated until the end of the month preceding the month in which the benefits are distributed.

21

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        (c)   Contracts and transactions with system companies:

        During 2004, SCANA incurred advertising expenses of $75,412 (including the value of non-utility in-kind services provided by SCANA and its subsidiaries) for services provided by subsidiaries of The Liberty Corporation. SCANA's management believes that these services, a significant portion of which were arranged through the use of an independent third-party advertising agency, were provided at competitive market rates. Mr. Hipp is Chairman and Chief Executive Officer and a director of The Liberty Corporation. It is anticipated that similar transactions will occur in the future.

        (d)   Indebtedness to system companies: None

        (e)   Participation in bonus and profit-sharing arrangements and other benefits: Described previously at (a) and (b).

        (f)    Rights to indemnity.

        Directors and officers of SCANA and its wholly owned subsidiaries are insured under a directors and officers liability policy issued by AEGIS Insurance Services, Inc. The policy is for the period October 31, 2004 through October 31, 2005.

22

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ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS

(1)

Expenditures, disbursements or payments, directly or indirectly, in money, goods or services, to or for the account of any political party, candidate for public office or holder of such office, or any committee or agent thereof.

        SCANA and its subsidiaries have established political action committees and have incurred, in connection with the provisions of the Federal Election Campaign Act, certain costs for the administration of such committees.

(2)

Expenditures, disbursements or payments, directly or indirectly, in money, goods or services, to or for the account of any citizens group or public relations counsel.

Company		Recipient		Purpose		Account Charged		Amount
SCANA		JEFF DICKERSON		PUBLIC RELATIONS		921		$	67,400
SCANA		MCRAE COMM.		PUBLIC RELATIONS		921			89,770
SCANA		SC POLICY COUNCIL		MEMBERSHIP		426			50,000
SCANA		CENTRAL CAROLINA ECONOMIC DEV. ALLIANCE		SUPPORT		921			25,000
SCANA		CHARLESTON REGIONAL DEV. ALLIANCE		SUPPORT		921			25,000
SCANA		CHAMPIONS FOR EDUCATION		SPONSORSHIP		921			54,940
SCANA		CITY CENTER PARTNERSHIP		CONTRIBUTION		921			25,000
SCANA		CITIZENS FOR COMMUNITY IMPROVEMENT		SUPPORT		921			35,000
SCANA		CLEMSON UNIVERSITY FOUNDATION		SUPPORT		921			10,000
SCANA		SC WORLD TRADE CENTER		SUPPORT		921			20,000
SCANA		CITIZENS FOR LEXINGTON COUNTY PROPERTY TAX RELIEF		SUPPORT		921			10,000
SCANA		GREATER BEAUFORT CHAMBER OF COMERCE		SUPPORT		921			10,000
SCANA		GREATER COLUMBIA CHAMBER OF COMMERCE		SUPPORT		921			62,500
SCANA		GREATER SUMMERVILLE CHAMBER OF COMMERCE		SUPPORT		921			10,000
SCANA		CHARLESTON METRO CHAMBER		SUPPORT		921			10,000
SCANA		ENGENUITY SC		SUPPORT		921			10,000
SCANA		BIPEC		SPONSORSHIP		426			10,000
SCANA		MISC—21 ITEMS LESS THAN $10,000		COMMUNITY DEV. & EDUC		921			66,750

23

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ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS

Part I

Transaction		Serving Company		Receiving Company		Compensation (in Thousands)			Contract Date		In Effect at December 31, 2004
(Note)		SCE&G		SCPC		$	*		(Note)		Yes
(Note)		SCE&G		SEMI			*		(Note)		Yes
(Note)		SCE&G		SEGA			*		(Note)		Yes
(Note)		SCE&G		SCI			*		(Note)		Yes
(Note)		SCE&G		PSI			*		(Note)		Yes
(Note)		SCE&G		SVCI			*		(Note)		Yes
(Note)		SCE&G		SCG			*		(Note)		Yes
(Note)		SEMI		SCPC			*		(Note)		Yes
(Note)		PSNC		SEMI			*		(Note)		Yes
(Note)		PSNC		SCPC			*		(Note)		Yes
(Note)		PSNC		SCVI			*		(Note)		Yes
(Note)		SCPC		SCI			*		(Note)		Yes
(Note)		SCPC		SCG			546		(Note)		Yes
(Note)		SCPC		SCE&G			465		(Note)		Yes
(Note)		SCPC		SEMI			*		(Note)		Yes
(Note)		SCPC		PSNC			*		(Note)		Yes
(Note)		SCPC		SVCI			*		(Note)		Yes
(Note)		SCPC		SCI			*		(Note)		Yes
(Note)		SEGA		PSNC			*		(Note)		Yes
(Note)		SEGA		SCE&G			291		(Note)		Yes
(Note)		SCG		SEMI			*		(Note)		Yes
(Note)		SCG		SCPC			*		(Note)		Yes
Carolina Research Park rent		SCE&G		PSI			*		Aug 2002-2007		Yes
Palmetto Center rent		SCE&G		SCI			324		Jan-Dec 2004		Yes
Site and pole leases and related operating agreements		SCE&G		SCI			*		Jan-Dec 2004		Yes
Leeds Avenue rent		SCE&G		SVCI			*		Jul 1999-Jun 2019		Yes
Site lease		GENCO		SCI			*		Jan-Dec 2004		Yes
Tower space rent		SCI		SCE&G			*		Jan-Dec 2004		Yes
Tower space rent		SCI		SCPC			*		Jan-Dec 2004		Yes
Maintenance contract		PSI		SCE&G			5,468		Jan 1998-Sep 2005		Yes
Rental of Facility		SDC		SCE&G			128		Aug 2002-2007		Yes

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*

Consideration is less than $100,000.

        Note: SCANA Corporation system companies have agreements with each other pursuant to which the system companies reimburse each other for the full cost of services, personnel and facilities provided by another system company.

Part II

        None

Part III

        None

ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES

        None

24

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ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS

Financial Statements		Page No.
SCANA Corporation Condensed Consolidating Balance Sheet		26
South Carolina Electric & Gas Company Condensed Consolidating Balance Sheet		28
Public Service Company of North Carolina, Incorporated Condensed Consolidating Balance Sheet		29
SCANA Energy Marketing, Inc. Condensed Consolidating Balance Sheet		30
SCANA Corporation Condensed Consolidating Statement of Operations and Retained Earnings		31
South Carolina Electric & Gas Company Condensed Consolidating Statement of Income and Retained Earnings		33
Public Service Company of North Carolina, Incorporated Condensed Consolidating Statement of Operations and Retained Earnings		34
SCANA Energy Marketing, Inc. Condensed Consolidating Statement of Income and Retained Earnings		35
SCANA Corporation Consolidating Statement of Cash Flows		36

Exhibits		Page No.
Exhibit A		39
Exhibit B		39
Exhibit C		44
Exhibit D		47
Exhibit E		52
Exhibit F		52
Exhibit G		52
Exhibit H		52
Exhibit I		52

25

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SCANA CORPORATION

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2004

(MILLIONS OF DOLLARS)

				SCANA CORPORATION CONSOLIDATED			SOUTH CAROLINA ELECTRIC & GAS COMPANY			SOUTH CAROLINA GENERATING COMPANY, INC.			SOUTH CAROLINA FUEL COMPANY, INC.			SOUTH CAROLINA PIPELINE CORP.			SCG PIPELINE, INC.			SCANA DEVELOPMENT CORPORATION			SCANA COMMUNICATIONS, INC.
ASSETS
UTILITY PLANT, NET OF ACCUMULATED DEPRECIATION				$	6,762		$	5,283		$	296		$	42		$	216		$	30		$	—		$	—
OTHER PROPERTY AND INVESTMENTS, NET OF ACCUMULATED DEPRECIATION					216			82			—			—			—			—			3			39
CURRENT ASSETS:
	CASH AND TEMPORARY INVESTMENTS				120			15			8			(3	)		3			1			—			4
	OTHER CURRENT ASSETS				1,029			366			25			55			126			1			—			60
		TOTAL CURRENT ASSETS			1,149			381			33			52			129			2			—			64
DEFERRED DEBITS					869			820			12			1			12			—			2			—
		TOTAL		$	8,996		$	6,566		$	341		$	95		$	357		$	32		$	5		$	103
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
	COMMON EQUITY (DEFICIT)			$	2,451		$	2,164		$	81		$	—		$	114		$	16		$	3		$	162
	PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR SINKING FUNDS)				106			106			—			—			—			—			—			—
		TOTAL STOCKHOLDERS' INVESTMENT			2,557			2,270			81			—			114			16			3			162
PREFERRED STOCK (SUBJECT TO PURCHASE OR SINKING FUNDS)					9			9			—			—			—			—			—			—
LONG-TERM DEBT, NET					3,186			1,819			162			—			110			14			—			—
		TOTAL CAPITALIZATION (DEFICIT)			5,752			4,098			243			—			224			30			3			162
CURRENT LIABILITIES					1,190			793			7			93			91			(2	)		2			(64	)
DEFERRED CREDITS					2,054			1,675			91			2			42			4			—			5
		TOTAL		$	8,996		$	6,566		$	341		$	95		$	357		$	32		$	5		$	103

26

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SCANA CORPORATION

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2004
(MILLIONS OF DOLLARS)

				PRIMESOUTH, INC.			SCANA ENERGY MARKETING, INC.			SCANA RESOURCES			SERVICECARE, INC.			SCANA CORPORATION			SCANA SERVICES, INC.			PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED			ELIMINATIONS
ASSETS
UTILITY PLANT, NET OF ACCUMULATED DEPRECIATION				$	—		$	—		$	—		$	—		$	—		$	—		$	895		$	—
OTHER PROPERTY AND INVESTMENTS, NET OF ACCUMULATED DEPRECIATION					5			8			—			—			3,225			38			27			(3,211	)
CURRENT ASSETS:
	CASH AND TEMPORARY INVESTMENTS				10			25			1			—			49			6			1			—
	OTHER CURRENT ASSETS				9			247			—			2			172			117			220			(371	)
		TOTAL CURRENT ASSETS			19			272			1			2			221			123			221			(371	)
DEFERRED DEBITS					—			6			—			—			9			2			43			(38	)
		TOTAL		$	24		$	286		$	1		$	2		$	3,455		$	163		$	1,186		$	(3,620	)
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
	COMMON EQUITY (DEFICIT)			$	18		$	14		$	1		$	6		$	2,451		$	6		$	513		$	(3,098	)
	PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR SINKING FUNDS)				—			—			—			—			—			—			—			—
		TOTAL STOCKHOLDERS' INVESTMENT			18			14			1			6			2,451			6			513			—
PREFERRED STOCK (SUBJECT TO PURCHASE OR SINKING FUNDS)					—			—			—			—			—			—			—			—
LONG-TERM DEBT, NET					—			—			—			—			921			—			274			(114	)
		TOTAL CAPITALIZATION (DEFICIT)			18			14			1			6			3,372			6			787			(3,212	)
CURRENT LIABILITIES					5			268			—			(4	)		72			131			169			(371	)
DEFERRED CREDITS					1			4			—			—			11			26			230			(37	)
		TOTAL		$	24		$	286		$	1		$	2		$	3,455		$	163		$	1,186		$	(3,620	)

27

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SOUTH CAROLINA ELECTRIC & GAS COMPANY

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2004

(MILLIONS OF DOLLARS)

				SOUTH CAROLINA ELECTRIC & GAS COMPANY 10-K			SOUTH CAROLINA ELECTRIC & GAS COMPANY			SOUTH CAROLINA FUEL COMPANY, INC.			SOUTH CAROLINA GENERATING COMPANY, INC.			ELIMINATIONS
ASSETS
UTILITY PLANT, NET OF ACCUMULATED DEPRECIATION				$	5,621		$	5,283		$	42		$	296		$	—
OTHER PROPERTY AND INVESTMENTS, NET OF ACCUMULATED DEPRECIATION					82			82			—			—			—
CURRENT ASSETS:
	CASH AND TEMPORARY INVESTMENTS				20			15			(3	)		8			—
	OTHER CURRENT ASSETS				424			366			55			25			—
		TOTAL CURRENT ASSETS			444			381			52			33			(22	)
DEFERRED DEBITS					833			820			1			12			—
		TOTAL		$	6,980		$	6,566		$	95		$	341		$	(22	)
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
	COMMON EQUITY			$	2,164		$	2,164		$	—		$	81		$	—
	PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR SINKING FUNDS)				106			106			—			—			—
		TOTAL STOCKHOLDERS' INVESTMENT			2,270			2,270			—			81			—
PREFERRED STOCK (SUBJECT TO PURCHASE OR SINKING FUNDS)					9			9			—			—			—
LONG-TERM DEBT, NET					1,981			1,819			—			162			—
		TOTAL CAPITALIZATION			4,260			4,098			—			243			—
MINORITY INTEREST					81			81			—			—			—
CURRENT LIABILITIES					871			793			93			7			(22	)
DEFERRED CREDITS					1,768			1,675			2			91			—
		TOTAL		$	6,980		$	6,566		$	95		$	341		$	(22	)

28

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PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2004

(MILLIONS OF DOLLARS)

				PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED 10-K			PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED			BLUE RIDGE			CLEAN ENERGY			PSNC CARDINAL			ELIMINATIONS
ASSETS
UTILITY PLANT, NET OF ACCUMULATED DEPRECIATION				$	895		$	895		$	—		$	—		$	—		$	—
OTHER PROPERTY AND INVESTMENTS, NET OF ACCUMULATED DEPRECIATION					27			22			9			—			18			(22	)
CURRENT ASSETS:
	CASH AND TEMPORARY INVESTMENTS				9			1			—			—			—			8
	OTHER CURRENT ASSETS				217			220			—			—			—			(3	)
		TOTAL CURRENT ASSETS			226			221			—			—			—			5
DEFERRED DEBITS					43			43			—			—			—			—
		TOTAL		$	1,191		$	1,181		$	9		$	—		$	18		$	(17	)
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
	COMMON EQUITY			$	513		$	513		$	6		$	—		$	10		$	(16	)
		TOTAL STOCKHOLDERS' INVESTMENT			513			513			6			—			10			(16	)
LONG-TERM DEBT, NET					274			274			1			—			5			(6	)
		TOTAL CAPITALIZATION			787			787			7			—			15			(17	)
CURRENT LIABILITIES					174			169			—			—			—			5
DEFERRED CREDITS					230			225			2			—			3			—
		TOTAL		$	1,191		$	1,181		$	9		$	—		$	18		$	(17	)

29

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SCANA ENERGY MARKETING, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

FOR THE YEAR ENDED DECEMBER 31, 2004

(MILLIONS OF DOLLARS)

				SCANA ENERGY MARKETING, INC. CONSOLIDATED			SCANA ENERGY MARKETING, INC.			PSNC PRODUCTION CORPORATION			ELIMINATIONS
ASSETS:
UTILITY PLANT, NET OF ACCUMULATED DEPRECIATION				$	—		$	—		$	—		$	—
OTHER PROPERTY AND INVESTMENTS, NET OF ACCUMULATED DEPRECIATION					8			12			—			(4	)
CURRENT ASSETS:
	CASH AND TEMPORARY INVESTMENTS				25			21			4			—
	OTHER CURRENT ASSETS				247			235			12			—
		TOTAL CURRENT ASSETS			272			256			16			—
DEFERRED DEBITS					6			6			—			—
		TOTAL		$	286		$	274		$	16		$	(4	)
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
	COMMON EQUITY			$	14		$	14		$	4		$	(4	)
		TOTAL STOCKHOLDERS' INVESTMENT			14			14			4			(4	)
		TOTAL CAPITALIZATION			14			14			4			(4	)
CURRENT LIABILITIES					266			256			12			—
DEFERRED CREDITS					6			4			—			—
		TOTAL		$	286		$	274		$	16		$	(4	)

30

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SCANA CORPORATION

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND RETAINED EARNINGS

FOR THE YEAR ENDED DECEMBER 31, 2004

(MILLIONS OF DOLLARS)

				SCANA CORPORATION CONSOLIDATED			SOUTH CAROLINA ELECTRIC & GAS COMPANY			SOUTH CAROLINA GENERATING COMPANY, INC.			SOUTH CAROLINA FUEL COMPANY, INC.			SOUTH CAROLINA PIPELINE CORP. CONSOLIDATED			SCG PIPELINE, INC.			SCANA DEVELOPMENT CORPORATION			SCANA COMMUNICATIONS, INC.
OPERATING REVENUES				$	3,885		$	2,089		$	118		$	282		$	551		$	7		$	—		$	—
OPERATING EXPENSES:
	OPERATING EXPENSES				3,024			1,419			92			281			525			2			—			—
	DEPRECIATION AND AMORTIZATION				265			211			10			—			7			1			—			—
	TOTAL OPERATING EXPENSES				3,289			1,630			102			281			532			3			—			—
		OPERATING INCOME			596			459			16			1			19			4			—			—
OTHER INCOME (EXPENSE)					(7	)		25			1			—			1			1			—			(38	)
INCOME (LOSS) BEFORE INTEREST CHARGES, INCOME TAXES AND PREFERRED STOCK DIVIDENDS					589			484			17			1			20			5			—			(38	)
INTEREST CHARGES, NET					202			130			9			1			5			1			—			—
INCOME (LOSS) BEFORE INCOME TAXES AND PREFERRED STOCK DIVIDENDS					387			354			8			—			15			4			—			(38	)
INCOME TAX EXPENSE (BENEFIT)					123			122			(2	)		—			5			1			—			(14	)
INCOME (LOSS) BEFORE PREFERRED STOCK DIVIDENDS					264			232			10			—			10			3			—			(24	)
PREFERRED STOCK CASH DIVIDENDS					7			7			—			—			—			—			—			—
NET INCOME (LOSS)					257			225			10			—			10			3			—			(24	)
RETAINED EARNINGS (ACCUMULATED DEFICIT) AT BEGINNING OF YEAR					1,113			836			24			—			55			—			(1	)		138
COMMON STOCK CASH DIVIDENDS DECLARED					(163	)		(142	)		(3	)		—			(8	)		(1	)		—			—
RETAINED EARNINGS (ACCUMULATED DEFICIT) AT END OF YEAR					1,207			919			31			—			57			2			(1	)		114
NET INCOME (LOSS)					257
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (MILLIONS)					112
EARNINGS PER SHARE OF COMMON STOCK				$	2.30

31

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SCANA CORPORATION

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND RETAINED EARNINGS

FOR THE YEAR ENDED DECEMBER 31, 2004

(MILLIONS OF DOLLARS)

				PRIMESOUTH, INC. CONSOLIDATED			SCANA ENERGY MARKETING, INC.			SCANA RESOURCES			SERVICECARE, INC.			SCANA CORPORATION			SCANA SERVICES, INC.			PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED			ELIMINATIONS
OPERATING REVENUES				$	—		$	1,149		$	—		$	—		$	—		$	289		$	516		$	(1,116	)
OPERATING EXPENSES:
	OPERATING EXPENSES				—			1,103			—			—			—			275			429			(1,102	)
	DEPRECIATION AND AMORTIZATION				—			2			—			—			—			8			34			(8	)
		TOTAL OPERATING EXPENSES			—			1,105			—			—			—			283			463			(1,110	)
OPERATING INCOME					—			44			—			—			—			6			53			(6	)
OTHER INCOME (EXPENSE)					9			2			—			3			275			(3	)		6			(289	)
INCOME BEFORE INTEREST CHARGES, INCOME TAXES AND PREFERRED STOCK DIVIDENDS					9			46			—			3			275			3			59			(295	)
INTEREST CHARGES, NET					—			2			—			—			43			3			21			(13	)
INCOME (LOSS) BEFORE INCOME TAXES AND PREFERRED STOCK DIVIDENDS					9			44			—			3			232			—			38			(282	)
INCOME TAX EXPENSE (BENEFIT)					4			17			—			1			(25	)		—			14			—
INCOME (LOSS) BEFORE PREFERRED STOCK DIVIDENDS					5			27			—			2			257			—			24			(282	)
PREFERRED STOCK CASH DIVIDENDS					—			—			—			—			—			—			—			—
NET INCOME (LOSS)					5			27			—			2			257			—			24			(282	)
RETAINED EARNINGS (ACCUMULATED DEFICIT) AT BEGINNING OF YEAR					6			(26	)		(6	)		(4	)		1,113			—			(167	)		(855	)
COMMON STOCK CASH DIVIDENDS DECLARED					(4	)		—			—			—			(163	)		—			—			158
RETAINED EARNINGS (ACCUMULATED DEFICIT) AT END OF YEAR					7			1			(6	)		(2	)		1,207			—			(143	)		(979	)

32

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SOUTH CAROLINA ELECTRIC & GAS COMPANY

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED DECEMBER 31, 2004

(MILLIONS OF DOLLARS)

				SOUTH CAROLINA ELECTRIC & GAS COMPANY 10-K			SOUTH CAROLINA ELECTRIC & GAS COMPANY			SOUTH CAROLINA GENERATING COMPANY, INC.			SOUTH CAROLINA FUEL COMPANY, INC.			ELIMINATIONS
OPERATING REVENUES				$	2,089		$	2,089		$	118		$	282		$	(400	)
OPERATING EXPENSES:
	OPERATING EXPENSES				1,393			1,419			92			281			(399	)
	DEPRECIATION AND AMORTIZATION				221			211			10			—			—
		TOTAL OPERATING EXPENSES			1,614			1,630			102			281			(399	)
OPERATING INCOME					475			459			16			1			(1	)
OTHER INCOME					26			25			1			—			—
INCOME (LOSS) BEFORE INTEREST CHARGES, INCOME TAXES AND PREFERRED STOCK DIVIDENDS					501			484			17			1			(1	)
INTEREST CHARGES, NET					139			130			9			1			(1	)
INCOME BEFORE MINORITY INTEREST, INCOME TAXES AND PREFERRED STOCK DIVIDENDS					362			354			8			—			—
MINORITY INTEREST					10			—			—			—			10
INCOME BEFORE INCOME TAXES AND PREFERRED STOCK DIVIDENDS					352			354			8			—			(10	)
INCOME TAXES					120			122			(2	)		—			—
INCOME BEFORE PREFERRED STOCK DIVIDENDS					232			232			10			—			(10	)
PREFERRED STOCK CASH DIVIDENDS					7			7			—			—			—
NET INCOME					225			225			10			—			(10	)
RETAINED EARNINGS AT BEGINNING OF YEAR					836			836			24			—			(24	)
COMMON STOCK CASH DIVIDENDS DECLARED					(142	)		(142	)		(3	)		—			3
RETAINED EARNINGS AT END OF YEAR					919			919			31			—			(31	)

33

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PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND RETAINED EARNINGS

FOR THE YEAR ENDED DECEMBER 31, 2004

(MILLIONS OF DOLLARS)

				PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED 10-K			PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED			BLUE RIDGE			CLEAN ENERGY			PSNC CARDINAL			ELIMINATIONS
OPERATING REVENUES				$	516		$	516		$	—		$	—		$	—		$	—
OPERATING EXPENSES:
	OPERATING EXPENSES				429			429			—			—			—			—
	DEPRECIATION AND AMORTIZATION				34			34			—			—			—			—
		TOTAL OPERATING EXPENSES			463			463			—			—			—			—
OPERATING INCOME					53			53			—			—			—			—
OTHER INCOME					2			1			—			—			1			—
INCOME BEFORE INTEREST CHARGES, INCOME TAXES AND EARNINGS FROM EQUITY METHOD INVESTEES					55			54			—			—			1			—
INTEREST CHARGES, NET					21			21			—			—			—			—
INCOME BEFORE INCOME TAXES AND EARNINGS FROM EQUITY METHOD INVESTEES					34			33			—			—			1			—
INCOME TAXES					13			12			—			—			1			—
INCOME BEFORE EARNINGS FROM EQUITY METHOD INVESTEES					21			21			—			—			—			—
EARNINGS FROM EQUITY METHOD INVESTEES, NET OF TAXES					3			3			1			—			2			(3	)
NET INCOME (LOSS)					24			24			1			—			2			(3	)
RETAINED EARNINGS (ACCUMULATED DEFICIT) AT BEGINNING OF YEAR					(167	)		(167	)		5			—			8			(13	)
COMMON STOCK CASH DIVIDENDS DECLARED					—			—			—			—			—			—
RETAINED EARNINGS (ACCUMULATED DEFICIT) AT END OF YEAR					(143	)		(143	)		6			—			10			(16	)

34

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SCANA ENERGY MARKETING, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED DECEMBER 31, 2004

(MILLIONS OF DOLLARS)

				SCANA ENERGY MARKETING, INC. CONSOLIDATED			SCANA ENERGY MARKETING, INC.			PSNC PRODUCTION CORPORATION			ELIMINATIONS
OPERATING REVENUES				$	1,149		$	1,053		$	96		—
OPERATING EXPENSES:
	OPERATING EXPENSES				1,103			1,005			98		—
	DEPRECIATION AND AMORTIZATION				2			2			—		—
		TOTAL OPERATING EXPENSES			1,105			1,007			98		—
OPERATING INCOME (LOSS)					44			46			(2	)	—
OTHER INCOME					2			1			1		—
INCOME (LOSS) BEFORE INTEREST CHARGES AND INCOME TAXES					46			47			(1	)	—
INTEREST CHARGES, NET					2			2			—		—
INCOME (LOSS) BEFORE INCOME TAXES					44			45			(1	)	—
INCOME TAXES					17			17			—		—
NET INCOME (LOSS)					27			28			(1	)	—
RETAINED EARNINGS (ACCUMULATED DEFICIT) AT BEGINNING OF YEAR					(26	)		(27	)		5		(4	)
COMMON STOCK CASH DIVIDENDS DECLARED					—			—			—		—
RETAINED EARNINGS (ACCUMULATED DEFICIT) AT END OF YEAR					1			1			4		(4	)

35

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SCANA CORPORATION

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2004

				SCANA CORPORATION CONSOLIDATED			SOUTH CAROLINA ELECTRIC & GAS COMPANY			PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED
				(Millions of dollars)
Cash Flows From Operating Activities:
Net income (loss)				$	257		$	232		$	24
Adjustments to reconcile net income to net cash provided from operating activities:
	Minority interest				—			10			—
	Depreciation and amortization				274			221			37
	Amortization of nuclear fuel				22			22			—
	(Gain) loss on sale of assets				20			(1	)		1
	(Gain) loss on subsidiary/equity investments				—			—			—
	Impairment of investments				27			—			—
	Hedging activities				11			—			—
	Allowance for funds used during construction				(26	)		(23	)		(1	)
	Changes in certain assets and liabilities:
		(Increase) decrease in receivables, net			(193	)		13			(15	)
		(Increase) decrease in inventories			(57	)		(13	)		(14	)
		(Increase) decrease in prepayments			(2	)		(10	)		—
		(Increase) decrease pension asset			(15	)		(15	)		—
		Increase (decrease) in other regulatory assets			(51	)		(51	)		1
		Increase (decrease) in deferred income taxes, net			74			44			8
		Increase (decrease) in other regulatory liabilities			45			44			1
		Increase (decrease) in post retirement benefits obligations			7			7			—
		Increase (decrease) in accounts payable			99			(19	)		24
		Increase (decrease) in taxes accrued			23			34			(6	)
		Increase (decrease) in interest accrued			(4	)		(4	)		—
		Changes in fuel adjustment clauses			(3	)		8			(11	)
	Other, net				91			36			2
Net Cash Provided From (Used For) Operating Activities					599			535			51
Cash Flows From Investing Activities:
	Utility property additions and construction expenditures, net of AFC				(498	)		(439	)		(49	)
	Purchase of nonutility property				(23	)		(5	)		(1	)
	Proceeds on sale of investments and assets				68			2			—
	Investments in affiliates				(19	)		(19	)		—
	Dividend payments—common stock of subsidiaries				—			—			—
Net Cash Provided From (Used For) Investing Activities					(472	)		(461	)		(50	)
Cash Flows From Financing Activities:
	Proceeds:
		Issuance of common stock			65			—			—
		Capital contributions from parent, net			—			38			1
		Issuance of bank notes and loans			136			136			—
	Repayments:
		Mortgage bonds			(100	)		(100	)		—
		Notes and loans			(69	)		(10	)		(8	)
		Repurchase of common stock			(4	)		—			—
	Distributions/Dividend payments:
		Common Stock			(161	)		(151	)		(14	)
		Preferred stock			(7	)		(7	)		—
		Distribution to parent			—			(29	)		—
	Short-term borrowings, net				16			13			3
Net Cash Provided From (Used For) Financing Activities					(124	)		(110	)		(18	)
Net Increase (Decrease) in Cash and Temporary Cash Investments					3			(36	)		(17	)
Cash and Temporary Cash Investments, January 1					117			56			18
Cash and Temporary Cash Investments, December 31				$	120		$	20		$	1

36

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SCANA CORPORATION

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2004

				SCANA CORPORATION UNCONSOLIDATED			SCANA SERVICES, INC.			ALL OTHERS AND ELIMINATIONS
				(Millions of dollars)
Cash Flows From Operating Activities:
Net income (loss)				$	257		$	—		$	(256	)
Adjustments to reconcile net income to net cash provided from operating activities:
	Minority interest				—			—			(10	)
	Depreciation and amortization				—			4			12
	Amortization of nuclear fuel				—			—			—
	(Gain)/loss on sale of assets				—			—			20
	(Gain)/loss on subsidiary/equity investments				(282	)		—			282
	Impairment of investments				—			—			27
	Hedging activities				—			—			11
	Allowance for funds used during construction				—			—			(2	)
	Changes in certain assets and liabilities:
		(Increase) decrease in receivables, net			27			71			(289	)
		(Increase) decrease in inventories			—			—			(30	)
		(Increase) decrease in prepayments			2			(1	)		7
		(Increase) decrease pension asset			—			—			—
		Increase (decrease) in other regulatory assets			—			—			(1	)
		Increase (decrease) in deferred income taxes, net			(22	)		—			44
		Increase (decrease) in other regulatory liabilities			—			—			—
		Increase (decrease) in post retirement benefits obligations			—			—			—
		Increase (decrease) in accounts payable			—			(62	)		156
		Increase (decrease) in taxes accrued			(2	)		—			(3	)
		Increase (decrease) in interest accrued			1			—			(1	)
		Changes in fuel adjustment clauses			—			—			—
	Other, net				37			20			(4	)
Net Cash Provided From (Used For) Operating Activities					18			32			(37	)
Cash Flows From Investing Activities:
	Utility property additions and construction expenditures, net of AFC				—			—			(10	)
	Purchase of nonutility property				—			(11	)		(6	)
	Proceeds on sale of investments and assets				—			—			66
	Investments in affiliates				(44	)		—			44
	Dividend payments—common stock of subsidiaries				172			—			(172	)
Net Cash Used For (Provided From) Investing Activities					128			(11	)		(78	)
Cash Flows Provided From (Used For) Financing Activities:
	Proceeds:
		Issuance of common stock			65			—			—
		Capital contributions from parent, net			—			—			(39	)
		Issuance of bank notes and loans			—			—			—
	Repayments:
		Changes in fuel adjustment clauses			—			—			—
		Mortgage bonds			—			—			—
		Notes and loans			(50	)		(1	)		—
		Repurchase of common stock			(4	)		—			—
	Distributions/Dividend payments:
		Common Stock			(161	)		—			165
		Preferred stock			—			—			—
		Distribution to parent			34			—			(5	)
	Short-term borrowings, net				—			—			—
Net Cash Provided From (Used For) Financing Activities					(116	)		(1	)		121
Net Increase (Decrease) in Cash and Temporary Cash Investments					30			20			6
Cash and Temporary Cash Investments, January 1					19			(14	)		38
Cash and Temporary Cash Investments, December 31				$	49		$	6		$	44

37

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SIGNATURE

        Each undersigned system company has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935. The signature of each undersigned company shall be deemed to related only to matters having reference to such company or its subsidiaries.

		SCANA CORPORATION
		/s/  JAMES E. SWAN, IV
		By:	James E. Swan, IV, Controller

Date:     April 29, 2005            

38

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EXHIBIT A

A-1		Annual Report pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2004 for SCANA Corporation (Filed February 28, 2005 as Form 10-K and incorporated by reference herein)
A-2		Annual Report pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2004 for South Carolina Electric & Gas Company (Filed February 28, 2005 as Form 10-K and incorporated by reference herein)
A-3		Annual Report pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2004 for Public Service Company of North Carolina, Incorporated (Filed February 28, 2005 as Form 10-K and incorporated by reference herein)
A-4		Recent developments to financial statements contained in the Annual Report referred to in Exhibits A-1 and A-2 (Filed herewith)

EXHIBIT B

B-1		Restated Articles of Incorporation of SCANA as adopted on April 26, 1989 (Filed as Exhibit 3-A to Registration Statement No. 33-49145 and incorporated by reference herein)
B-2		Articles of Amendment of SCANA dated April 27, 1995 (Filed as Exhibit 4-B to Registration Statement No. 33-62421 and incorporated by reference herein)
B-3		By-Laws of SCANA as revised and amended on December 13, 2000 (Filed as Exhibit 3.01 to Registration Statement No. 333-68266 and incorporated by reference herein)
B-4		Articles of Incorporation of SCE&G as adopted on May 3, 2001 (Filed as Exhibit 3.01 to Registration Statement No. 333-65460 and incorporated by reference herein)
B-5		Articles of Correction of SCE&G filed on June 1, 2001 correcting May 22, 2001 Articles of Amendment (Filed as Exhibit 3.03 to Registration Statement No. 333-65460 and incorporated by reference herein)
B-6		Articles of Amendment effective as of the dates indicated below and filed as exhibits to the Registration Statements or Exchange Act reports set forth below and are incorporated by reference herein
		May 22, 2001		Exhibit 3.02		to Registration No. 333-65460
		June 14, 2001		Exhibit 3.04		to Registration No. 333-65460
		August 30, 2001		Exhibit 3.05		to Registration No. 333-101449
		March 13, 2002		Exhibit 3.06		to Registration No. 333-101449
		May 9, 2002		Exhibit 3.07		to Registration No. 333-101449
		June 4, 2002		Exhibit 3.08		to Registration No. 333-101449
		August 12, 2002		Exhibit 3.09		to Registration No. 333-101449
		March 13, 2003		Exhibit 3.03		to Registration No. 333-108760
		May 22, 2003		Exhibit 3.04		to Registration No. 333-108760
		June 18, 2003		Exhibit 3.05		to Registration No. 333-108760
		August 7, 2003		Exhibit 3.06		to Registration No. 333-108760
		February 26, 2004		Exhibit		to Form 10-K for the year ended December 31, 2004
		May 18, 2004		Exhibit 3.05		to Form 10-Q for the quarter ended June 30, 2004
		June 18, 2004		Exhibit 3.06		to Form 10-Q for the quarter ended June 30, 2004
		August 12, 2004		Exhibit 3.05		to Form 10-Q for the quarter ended Sept. 30, 2004

39

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B-7		Articles of Correction filed on February 17, 2004 correcting Articles of Amendment for the dates indicated below and filed as exhibits to the 2003 Form 10-K as set forth below and are incorporated by reference herein
		May 3, 2001		Exhibit 3.06
		May 22, 2001		Exhibit 3.07
		June 14, 2001		Exhibit 3.08
		August 30, 2001		Exhibit 3.09
		March 13, 2002		Exhibit 3.10
		May 9, 2002		Exhibit 3.11
		June 4, 2002		Exhibit 3.12
		August 12, 2002		Exhibit 3.13
		March 13, 2003		Exhibit 3.14
		May 22, 2003		Exhibit 3.15
		June 18, 2003		Exhibit 3.16
		August 7, 2003		Exhibit 3.17
B-8		By-Laws of SCE&G as amended and adopted on February 22, 2001 (Filed as Exhibit 3.05 to Registration Statement No. 333-65460 and incorporated by reference herein)
B-9		Agreement of Limited Partnership of South Carolina Coaltech No. 1 LP, dated April 7, 2000 (Filed as Exhibit B-73 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-10		Agreement of Limited Partnership of Interests in Coaltech No. l, L.P., dated November 16, 2001 (Filed under separate cover of Form SE as Exhibit B-31 to Form U-5-S for the year ended December 31, 2003 and incorporated by reference herein)
B-11		Articles of Incorporation of GENCO, dated October 1, 1984 (Filed under cover of Form SE as Exhibit B-48 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-12		By-Laws of GENCO as amended and restated on February 22, 2001 (Filed as Exhibit B-25 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-13		Articles of Incorporation of SCFC, dated August 18, 1987 (Filed under cover of Form SE as Exhibit B-59 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-14		By-Laws of SCFC as amended and restated on February 22, 2001 (Filed as Exhibit B-26 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-15		Articles of Incorporation of SCPC (formerly CPC, Inc.), dated September 9, 1977 (Filed under cover of Form SE as Exhibit B-53 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-16		Articles of Amendment of SCPC, dated November 29, 1977 (Filed under cover of Form SE as Exhibit B-54 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-17		Articles of Amendment of SCPC, dated May 27, 1982 (Filed under cover of Form SE as Exhibit B-55 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-18		Articles of Amendment of SCPC, dated December 10, 1984 (Filed under cover of Form SE as Exhibit B-56 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)

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B-19		Articles of Merger of SCPC, dated March 1, 1988 (Filed under cover of Form SE as Exhibit B-57 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-20		Articles of Merger of SCPC, dated December 17, 1997 (Filed under cover of Form SE as Exhibit B-58 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-21		By-Laws of SCPC as amended and restated on February 22, 2001 (Filed as Exhibit B-27 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-22		Articles of Incorporation of SEMI (formerly Carotane, Inc.), dated August 22, 1977 (Filed under cover of Form SE as Exhibit B-40 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-23		Articles of Amendment of SEMI, dated June 30, 1987 (Filed under cover of Form SE as Exhibit B-41 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-24		Articles of Amendment of SEMI, dated September 19, 1988 (Filed under cover of Form SE as Exhibit B-42 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-25		Articles of Merger of SEMI, dated March 1, 1988 (Filed under cover of Form SE as Exhibit B-43 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-26		Articles of Amendment of SEMI, dated December 13, 1995 (Filed under cover of Form SE as Exhibit B-45 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-27		Articles of Merger of SEMI, dated December 22, 1989 (Filed under cover of Form SE as Exhibit B-44 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-28		By-Laws of SEMI as amended and restated on February 22, 2001 (Filed as Exhibit B-28 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-29		Articles of Incorporation of PSNC Production Corporation, dated January 28, 1981 (Filed under cover of Form SE as Exhibit B-74 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-30		Articles of Amendment of PSNC Production Corporation, dated January 14, 1991 (Filed under cover of Form SE as Exhibit B-75 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-31		Amended and Restated By-laws of PSNC Production Corporation, dated February 22, 2001 (Filed under cover of Form SE and as Exhibit B-54 to Form U-5-S for the year ended December 31, 2003 and incorporated by reference herein)
B-32		Articles of Incorporation of SCANA Services, Inc. (formerly SCANA Service Company), dated December 14, 1999 (Filed under cover of Form SE as Exhibit B-46 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-33		Articles of Amendment of SCANA Services, Inc., dated February 23, 2000 (Filed under cover of Form SE as Exhibit B-47 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)

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B-34		By-Laws of SCANA Services, Inc. as amended and restated on February 22, 2001 (Filed as Exhibit B-29 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-35		Articles of Incorporation of SCI (formerly MPX Systems, Inc.), dated October 1, 1984 (Filed under cover of Form SE as Exhibit B-49 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-36		Articles of Amendment of SCI, dated May 1, 1996 (Filed under cover of Form SE as Exhibit B-50 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-37		By-Laws of SCI as amended and restated on February 22, 2001 (Filed as Exhibit B-30 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-38		Certificate of Incorporation of SCANA Communications Holdings, Inc., dated December 6, 1999 (Filed under separate cover of Form SE as Exhibit B-63 to Form U-5-S for the year ended December 31, 2003 and incorporated by reference herein)
B-39		By-Laws of SCANA Communications Holdings, Inc. (Filed under separate cover of Form SE as Exhibit B-64 to Form U-5-S for the year ended December 31, 2003 and incorporated by reference herein)
B-40		Operating Agreement of FRC, LLC dated August 25, 1999 (Filed under cover of Form SE as Exhibit B-79 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-41		Articles of Organization of FRC, LLC, filed August 30, 1999 (Filed under cover of Form SE as Exhibit B-84 to Form U5S for the year ended December 31, 2001 and incorporated by reference herein)
B-42		Articles of Incorporation of PrimeSouth, dated August 25, 1986 (Filed under cover of Form SE as Exhibit B-51 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-43		Restated Articles of Incorporation of PrimeSouth, dated February 5, 1990 (Filed under cover of Form SE as Exhibit B-52 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-44		By-Laws of PrimeSouth as amended and restated on February 22, 2001 (Filed as Exhibit B-31 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-45		Articles of Incorporation of Palmark, Inc., as adopted on March 10, 1995 (Filed as Exhibit B-70 to Form U-5-S for the year ended December 31, 2003 and incorporated by reference herein)
B-46		By-Laws of Palmark, Inc., as amended and restated on February 22, 2001 (Filed as Exhibit B-32 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-47		Articles of Incorporation of SR (formerly SCANA Capital Resources, Inc.), dated September 8, 1987 (Filed under cover of Form SE as Exhibit B-60 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-48		Articles of Amendment of SR, dated June 23, 1995 (Filed under cover of Form SE as Exhibit B-61 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)

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B-49		By-Laws of SR as amended and restated on February 22, 2001 (Filed as Exhibit B-33 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-50		Articles of Incorporation of ServiceCare, Inc., dated September 20, 1994 (Filed under cover of Form SE as Exhibit B-39 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-51		By-Laws of ServiceCare, Inc. as amended and restated on February 22, 2001 (Filed as Exhibit B-34 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-52		Articles of Incorporation of SDC (formerly Energy Subsidiary, Inc.) dated November 15, 1968 (Filed under cover of Form SE as Exhibit B-36 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-53		Articles of Amendment of SDC, dated December 10, 1984 (Filed under cover of Form SE as Exhibit B-37 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-54		Articles of Amendment of SDC, dated August 26, 1993 (Filed under cover of Form SE as Exhibit B-38 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-55		By-Laws of SDC as amended and restated on February 22, 2001 (Filed as Exhibit B-35 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-56		Certificate of Formation of Cogen South LLC, dated February 6, 1996 (Filed under cover of Form SE as Exhibit B-87 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-57		Limited Liability Agreement of Cogen South LLC, dated June 1, 1996 (Filed under cover of Form SE as Exhibit B-88 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-58		Articles of Incorporation of Public Service Company of North Carolina, Incorporated (formerly New Sub II, Inc.) dated February 12, 1999 (Filed as Exhibit 3.01 to Registration Statement 333-45206 and incorporated by reference herein)
B-59		Articles of Amendment of Public Service Company of North Carolina, Incorporated (formerly New Sub II, Inc.) dated February 9, 2000 (Filed as Exhibit 3.02 to Registration Statement 333-45206 and incorporated by reference herein)
B-60		Articles of Correction of Public Service Company of North Carolina, Incorporated (formerly New Sub II, Inc.) dated February 11, 2000 (Filed as Exhibit 3.03 to Registration Statement 333-45206 and incorporated by reference herein)
B-61		Articles of Merger of Share Exchange of Public Service Company of North Carolina, Incorporated (formerly New Sub II) dated February 10, 2000 (Filed under separate cover of Form SE as Exhibit B-86 to Form U-5-S for the year ended December 31, 2003 and incorporated by reference herein)
B-62		By-Laws of PSNC Energy as revised and amended on February 22, 2001 (Filed as Exhibit 3.01 to Registration Statement No. 333-68516 and incorporated by reference herein)
B-63		Amended and Restated By-Laws of Clean Energy Enterprises, Inc. (formerly Tar Heel Energy Corporation) as amended and restated as of February 22, 2001 (Filed under cover of Form SE as Exhibit B-88 to Form U-5-S for the year ended December 31, 2003 and incorporated by reference herein)

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B-64		Articles of Incorporation of PSNC Blue Ridge Corporation, dated August 31, 1992 (Filed under cover of Form SE as Exhibit B-67 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-65		Amended and Restated By-Laws of PSNC Blue Ridge Corporation as of February 22, 2001 (Filed under cover of Form SE as Exhibit B-90 to Form U-5-S for the year ended December 31, 2003 and incorporated by reference herein)
B-66		Articles of Organization of Pine Needle LNG Company, LLC, dated July 28, 1995 (Filed under cover of Form SE as Exhibit B-77 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-67		Articles of Incorporation of PSNC Cardinal Pipeline Company, dated December 1, 1995 (Filed under cover of Form SE as Exhibit B-62 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-68		Amended and Restated By-Laws of PSNC Cardinal Pipeline Company as of February 22, 2001 (Filed under cover of Form SE as Exhibit B-93 to Form U-5-S for the year ended December 31, 2003 and incorporated by reference herein)
B-69		Articles of Organization of Cardinal Pipeline Company LLC (formerly Cardinal Extension Company, LLC), dated December 6, 1995 (Filed under cover of Form SE as Exhibit B-78 to Form U5S for the year ended December 31, 2000 and incorporated by reference herein)
B-70		Articles of Incorporation of SCG Pipeline, Inc., dated April 10, 2001 (Filed under cover of Form SE as Exhibit B-85 to Form U5S for the year ended December 31, 2001 and incorporated by reference herein)
B-71		By-Laws of SCG Pipeline, Inc., as adopted on May 3, 2001 (Filed as Exhibit B-85 to Form U5S for the year ended December 31, 2002 and incorporated by reference herein)
B-72		By-Laws of SCANA Corporate Security Services, Inc., as adopted on March 19, 2004 (Filed herewith)
B-73		Articles of Incorporation of Clean Energy Enterprises, Inc. (Filed under cover of Form SE as Exhibit B-73)

The Articles of Incorporation or other fundamental document of organization and/or the By-laws or rules and regulations corresponding thereto of the following companies are currently unavailable to SCANA Corporation as a non-majority shareholder: Pine Needle LNG Company, LLC and Cardinal Pipeline Company, LLC.

EXHIBIT C

C-1		Articles of Exchange of SCE&G and SCANA (Filed as Exhibit 4-A to Post-Effective Amendment No. 1 to Registration Statement No. 2-90438 and incorporated by reference herein)
C-2		Indenture dated as of November 1, 1989 between SCANA Corporation and The Bank of New York, as Trustee (Filed as Exhibit 4-A to Registration No. 33-32107 and incorporated by reference herein)
C-3		Indenture dated as of January 1, 1945, between the South Carolina Power Company and 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 (Filed as Exhibit 2-B to Registration Statement No. 2-26459 and incorporated by reference herein)

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C-4		Fourth Supplemental Indenture dated as of April 1, 1950, to Indenture referred to in Exhibit C-3, pursuant to which SCE&G assumed said Indenture (Exhibit 2-C to Registration Statement No. 2-26459 and incorporated by reference herein)
C-5		Fifth through Fifty-third Supplemental Indenture referred to in Exhibit C-2 dated as of the dates indicated below and filed as exhibits to the Registration Statements set forth below and are incorporated by reference herein
		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-O		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 2-B		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 2-A-3		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

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		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
		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
		May 1, 1999		Exhibit 4.04		to Registration No. 333-86387
C-6		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 and incorporated by reference herein)
C-7		First Supplemental Indenture to Indenture referred to in Exhibit C-5 dated as of June 1, 1993 (Filed as Exhibit 4-G to Registration Statement No. 33-49421 and incorporated by reference herein)
C-8		Second Supplemental Indenture to Indenture referred to in Exhibit C-5 dated as of June 15, 1993 (Filed as Exhibit 4-G to Registration Statement No. 33-57955 and incorporated by reference herein)
C-9		Indenture dated as of January 1, 1996 between PSNC and First Union National Bank of North Carolina, as Trustee (Filed as Exhibit 4.08 to Registration Statement No. 333-45206 and incorporated by reference herein)
C-10		First through Fourth Supplemental Indenture referred to in Exhibit C-9 dated as of the dates indicated below and filed as exhibits to Registration Statements whose file numbers are set forth below and are incorporated by reference herein
		January 1, 1996		Exhibit 4.09		to Registration No. 333-45206
		December 15, 1996		Exhibit 4.10		to Registration No. 333-45206
		February 10, 2000		Exhibit 4.11		to Registration No. 333-45206
		February 12, 2001		Exhibit 4.05		to Registration No. 333-68516

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EXHIBIT D

INTERIM AMENDED AND RESTATED INCOME TAX ALLOCATION AGREEMENT

        THIS AGREEMENT, made as of the 31st day of December, 1999, and amended and restated as of April 22, 2002 by and between SCANA Corporation ("SCANA") and each of its wholly owned subsidiaries, namely SCANA Services, Inc., South Carolina Electric & Gas Company, South Carolina Pipeline Corporation and its wholly owned subsidiary C&T Pipeline, LLC, South Carolina Fuel Company, Inc., South Carolina Generating Company, Inc., SCANA Communications, Inc. and its wholly owned subsidiary SCANA Communications Holdings, Inc. (Holdings being a Delaware corporation), Primesouth, Inc. and its wholly owned subsidiary Palmark, Inc., SCANA Development Corporation, SCANA Energy Marketing, Inc. and its wholly owned subsidiaries PSNC Production Corporation (which wholly owns SCANA Public Service Co. LLC) and SCANA Energy Trading, LLC, SCANA Petroleum Resources, Inc., SCANA Propane Gas, Inc. and its wholly owned subsidiaries USA Cylinder Exchange, Inc. and SCANA Propane Supply, Inc., SCANA Propane Storage, Inc., ServiceCare, Inc., SCANA Resources, Inc., and SCG Pipeline, Inc. all of the forementioned corporations hereinafter referred to individually as the "Company" and collectively referred to as the "Companies", each Company being a South Carolina corporation, except SCANA Communications Holdings, Inc. as above indicated, is effective for the Consolidated Tax reflected on the Consolidated Tax Return for calendar year end 1999 and subsequent years.

        As a result of the merger between SCANA and Public Service Company of North Carolina, Inc. ("PSNC"), PSNC (i) has become a wholly owned subsidiary of SCANA, and (ii) together with its wholly owned subsidiaries (Clean Energy Enterprises, Inc., PSNC Blue Ridge Corporation, and PSNC Cardinal Pipeline Company) has participated in this Agreement beginning with the Consolidated Tax Return for the calendar year ended December 31, 2000. PSNC, a South Carolina corporation, and its wholly owned subsidiaries, shall be included in the term "Company" as used in this Agreement for all calendar years including and subsequent to the calendar year ended December 31, 2000. The term Company shall also include subsidiaries of SCANA who subsequently sign a counterpart to this Agreement to become part of the consolidated group for federal income tax purposes.

        Since December 31, 1999, the following subsidiary corporations have been dissolved:

        1.     SPR Gas Services, Inc. in July, 2001, previously wholly owned by SCANA Petroleum Resources, Inc.

        2.     Company 19A, Inc. in July, 2001, previously wholly owned by SCANA Resources, Inc.

WITNESSETH:

        WHEREAS, the Companies file a consolidated federal income tax return and the consolidated federal income tax liability has been allocated among the Companies included in the consolidated return in accordance with the provisions of subparagraph (a)(1) of Section 1552 of the Internal Revenue Code of 1986 and other applicable requirements of Rule 45(c) under the Public Utility Holding Company Act of 1935.

        WHEREAS, Rule 45(c) sets forth the method by which Companies filing a consolidated federal income tax return (hereinafter referred to as the "consolidated tax return") may use to allocate the consolidated federal income tax liability among the members of the group; however, in order to utilize such method, a written agreement must be executed by the Company setting forth the allocation method for each taxable year.

        WHEREAS, the Companies desire to allocate their federal income tax liability in accordance with the following procedures;

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        NOW THEREFORE, the Companies do agree as follows:

ARTICLE I.
Definitions

        1.1.  "Associate Companies' shall mean all Companies party hereto other than SCANA.

        1.2.  "Consolidated Tax" is the aggregate tax liability for a tax year, being the tax shown on the consolidated return and any adjustments thereto thereafter determined. The consolidated tax will be the refund if the consolidated return shows a negative tax.

        1.3.  "Corporate Tax Credit" is a negative separate return tax of a Company for a tax year, equal to the amount by which the consolidated tax is reduced by including a net corporate taxable loss or other net tax benefit of such Company in the consolidated tax return.

        1.4.  "Corporate Taxable Income" is the income or loss of a Company for a tax year, computed as though such Company had filed a separate return on the same basis as used in the consolidated return, except that dividend income from the Companies shall be disregarded, and other intercompany transactions eliminated in the consolidated return shall be given appropriate effect. It shall further be adjusted to allow for applicable rights accrued to a Company for the recognition of negative corporate taxable income consistent with the provisions of Article II herein, but carryovers and carrybacks shall not be taken into account as loss Companies are to receive current payment of their Corporate Tax Credits. If a Company is a member of the registered system's consolidated tax group for only part of a tax year, that period will be deemed to be its tax year for all purposes for that year under this Agreement.

        1.5.  "Separate Return Tax" is the tax on the Corporate Taxable Income of a Company computed as though such Company was not a member of a consolidated group.

ARTICLE II.
Tax Allocation Procedures

        2.1.  The Consolidated Tax shall be apportioned among the Companies in proportion to the Corporate Taxable lncome of each member of the affiliated group. Each Associate Company which incurs a tax loss for the year shall be included in the allocation of Consolidated Tax and shall receive a Corporate Tax Credit, the amount of which shall be currently paid to the Associate Company by SCANA increased by any amounts previously assessed by SCANA and remitted by the Associate Company to SCANA for estimated tax payment purposes attributable to the subject taxable year. Companies with a positive allocation of the Consolidated Tax shall currently pay the amount so allocated, decreased by any amounts previously assessed by SCANA and remitted by the Company to SCANA for estimated tax payment purposes attributable to the subject taxable year.

        Special Rule Regarding SCANA: In making the tax allocations provided for in this Agreement, notwithstanding any of the foregoing, no corporate tax benefits shall be allocated to SCANA and SCANA shall be required to contribute towards the payment of the Consolidated Tax (and any other amounts required to be paid to any Company by SCANA pursuant to Section 2.1 of this Agreement) an amount equal to the Separate Return Tax attributable to SCANA for such tax year. Although the separate corporate taxable income or taxable loss of SCANA and any tax credits attributable to SCANA will be included in the consolidated return, only the tax savings attributable to such items shall be allocated to the other Companies as if SCANA was not a member of the Companies in the consolidated return group. In making this allocation, the tax savings of SCANA shall be allocated only to the other member Companies in the consolidated return group having taxable income. SCANA will remit, from its separate resources, funds for the payment of tax liabilities owed by SCANA pursuant to this Section 2.1.

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        2.2.  SCANA shall pay to the Internal Revenue Service the group's Consolidated Tax liability from the net of the receipts and payments.

        2.3.  No Associate Company shall be allocated any income tax greater than the Separate Return Tax of such Associate Company.

        2.4.  To the extent that the Consolidated and Corporate Taxable incomes include material items taxed at rates other than the statutory rate (such as capital gains and preference items), the portion of the Consolidated Tax attributable to these items shall be apportioned directly to the members of the group giving rise to such items.

        2.5.  Should the Companies generate a net consolidated tax loss for a tax year that is too large to be used in full for that year, with result that there are uncompensated Corporate Tax Credit benefits for that year, the carryover of uncompensated benefits related to the carryforward of tax losses applied to reduce Consolidated Taxable Income in future tax years shall be apportioned in accordance with the respective Companies' contributions to such loss. The tax benefits of any resultant carryback shall be allocated proportionally to the Companies that generated corporate tax losses in the year the consolidated net operating tax loss was generated. Any related loss of credits, including investment tax credit reversals, shall be allocated to the member Company that utilized the credits in the prior year in the same proportion that the credit lost is to the total credit utilized in the prior year. Investment tax credit reversals allocated to a member Company will be added to that Company's available corporate investment tax credit for future allocations. A prior year consolidated net operating tax loss carryforward applied to reduce current year Consolidated Taxable Income shall be allocated proportionally to member Companies that generated a corporate tax loss in the year the consolidated net operating loss was generated.

        2.6.  Adjustments to or revisions of the Consolidated Tax as a result of subsequent events such as amended returns, revenue agents' reports, litigation or negotiated settlements shall be allocated in accordance with the principles established in this Agreement.

ARTICLE III.
Amendment

        This Agreement is subject to revision as a result of changes in income tax law and changes in relevant facts and circumstances.

        IN WITNESS WHEREOF, this Agreement has been executed by an officer of each company as of the day and year first above written by the Companies.

ATTEST:		SCANA Corporation
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  W. B. TIMMERMAN       W. B. Timmerman President and C.E.O.
ATTEST:		SCANA Services, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  W. B. TIMMERMAN       W. B. Timmerman. C.E.O. and C.O.O.

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ATTEST:		South Carolina Electric & Gas Company
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  NEVILLE O. LORICK       Neville O. Lorick, President
ATTEST:		South Carolina Pipeline Corporation
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  GEORGE J. BULLWINKEL, JR.       George J. Bullwinkel, Jr., Sr. Vice President
ATTEST:		South Carolina Fuel Company, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  NEVILLE O. LORICK       Neville O. Lorick, President
ATTEST:		South Carolina Generating Company, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  NEVILLE O. LORICK       Neville O. Lorick, President
ATTEST:		SCANA Communications, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  GEORGE J. BULLWINKEL, JR.       George J. Bullwinkel, Jr., President
ATTEST:		SCANA Communications Holdings, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, C.F.O.
ATTEST:		Primesouth, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  NEVILLE O. LORICK       Neville O. Lorick, President
ATTEST:		Palmark, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  NEVILLE O. LORICK       Neville O. Lorick, President
ATTEST:		SCANA Development Corporation
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  GEORGE J. BULLWINKEL, JR.       George J. Bullwinkel, Jr., Sr. Vice President

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ATTEST:		SCANA Energy Marketing, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, C.F.O.
ATTEST:		PSNC Production Corporation
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, C.F.O.
ATTEST:		SCANA Petroleum Resources, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  GEORGE J. BULLWINKEL, JR.       George J. Bullwinkel, Jr., Sr. Vice President
ATTEST:		SCANA Propane Gas, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, C.F.O.
ATTEST:		USA Cylinder Exchange, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, C.F.O.
ATTEST:		SCANA Propane Supply, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, C.F.O.
ATTEST:		SCANA Propane Storage, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, C.F.O.
ATTEST:		Service Care, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  ANN M. MILLIGAN       Ann M. Milligan, President
ATTEST:		SCANA Resources, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, C.F.O.
ATTEST:		SCG Pipeline, Inc..
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  GEORGE J. BULLWINKEL, JR.       George J. Bullwinkel, Jr., Sr. Vice President
ATTEST:		Public Service Company of North Carolina, Inc.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, President
ATTEST:		Clean Energy Enterprises, Inc..
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, President
ATTEST:		PSNC Blue Ridge Corporation.
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, President
ATTEST:		PSNC Cardinal Pipeline Company
/s/  L. M. WILLIAMS       L. M. Williams, Secretary		/s/  KEVIN B. MARSH       Kevin B. Marsh, President

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EXHIBIT E—None

EXHIBIT F

The opinions of the Registered Public Accounting Firm as to the consolidated financial statements of SCANA Corporation, South Carolina Electric & Gas Company and Public Service Company of North Carolina Incorporated are included in Exhibits A-1, A-2 and A-3, respectively, and are incorporated by reference herein.

EXHIBIT G—None

EXHIBIT H—None

EXHIBIT I—None

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QuickLinks

TABLE OF CONTENTS

ITEM 1. SYSTEM COMPANIES AND INVESTMENTS THEREIN AS OF DECEMBER 31, 2004

ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES
ITEM 5. INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES

ITEM 6. OFFICERS AND DIRECTORS
Part I.

Part II.
Part III.

SHARE OWNERSHIP OF DIRECTORS, NOMINEES AND EXECUTIVE OFFICERS

ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS

ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS
Part I
Part II
Part III
ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS

SCANA CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET
SCANA CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET
SOUTH CAROLINA ELECTRIC & GAS COMPANY CONDENSED CONSOLIDATING BALANCE SHEET
PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED CONDENSED CONSOLIDATING BALANCE SHEET
SCANA ENERGY MARKETING, INC. CONDENSED CONSOLIDATING BALANCE SHEET
SIGNATURE