"Earnings improved for the second quarter of 2008 compared to last year, with the impact of sustained electric and natural gas customer growth and the 4.4 percent retail electric rate increase that went into effect in January of this year more than offsetting higher operating and maintenance expenses, higher property taxes due to increased capital expenditures, additional net interest expense related to new long-term debt and a pricing settlement agreement at SCANA Energy Georgia," said Jimmy Addison, senior vice president and chief financial officer.

For the first six months of 2008, SCANA reported earnings of $166 million, or $1.42 per share, compared to $140 million, or $1.20 per share, for the same period in 2007.

"The year-to-date $.22 per share increase in earnings was driven primarily by customer growth in both Carolinas, the impact of the retail electric rate increase in South Carolina, strong first quarter results in industrial and wholesale sales and improved earnings in our non-regulated retail natural gas marketing business in Georgia," said Addison. "We are solidly positioned to meet our financial targets for 2008 based upon our results year-to-date."

FINANCIAL RESULTS BY MAJOR LINES OF BUSINESS

South Carolina Electric & Gas Company

South Carolina Electric & Gas Company (SCE&G), SCANA's principal subsidiary, reported earnings in the second quarter of 2008 of $61 million, or $.52 per share, compared to $54 million, or $.46 per share, in the same quarter last year. The increase is primarily due to electric and natural gas customer growth and the retail electric rate increase that went into effect in January of this year. At June 30, 2008, SCE&G was serving approximately 646,000 electric customers and 303,000 natural gas customers, up 2.1 percent and 1.7 percent, respectively, over the past year.

PSNC Energy

PSNC Energy, SCANA's retail natural gas subsidiary headquartered in Gastonia, North Carolina, reported a seasonal loss of $1 million, or $.01 per share, in the second quarter of 2008, unchanged compared to the second quarter of 2007. At June 30, 2008, PSNC Energy was serving approximately 454,000 customers, an increase of 3.3 percent over the last twelve months.

Carolina Gas Transmission

Carolina Gas Transmission Corporation reported earnings in the second quarter of 2008 of $2 million, or $.02 per share, unchanged compared to the second quarter of 2007.

SCANA Energy

SCANA Energy, the Company's retail natural gas marketing business in Georgia, reported a loss of $1 million, or $.01 per share, in the second quarter of 2008, compared to earnings of $1 million, or $.01 per share, in the second quarter of 2007. That decline primarily reflects the impact of a pricing settlement agreement reached with the Georgia Public Service Commission. At June 30, 2008, SCANA Energy was serving approximately 465,000 customers, down 2.4% over the previous year, maintaining its position as the state's second largest natural gas marketer.

Corporate and Other Non-Regulated

SCANA's corporate and other businesses, which include SCANA Communications, ServiceCare, SCANA Energy Marketing and the holding company, reported a loss in the second quarter of 2008 of $4 million, or $.04 per share, compared to a loss of $1 million, or $.01 per share, in the same quarter last year. The $.03 decline was driven primarily by higher net interest expense related to the issuance of long-term debt in early 2008.

2008 EARNINGS OUTLOOK

The Company affirms its previous guidance that 2008 earnings will be in the range of $2.90 to $3.05 per share. This estimate assumes normal weather in the Company's electric and natural gas service areas for the balance of the year and excludes any potential impacts from changes in accounting principles and certain gains or losses from investing activities, litigation, and sales of assets. Other factors and risks that could impact future earnings are discussed in the Company's filings with the Securities and Exchange Commission and below under the Safe Harbor Statement. The Company expects an average annual earnings growth rate of 4 to 6 percent over the next 3 to 5 years.

CONFERENCE CALL NOTICE

SCANA will host its quarterly conference call for security analysts at 10:00 a.m. Eastern Time on Friday, August 1, 2008. The call-in numbers for the conference call are 1-866-761-0749 (US/Canada) and 1-617-614-2707 (International). The passcode is 35924626. Participants should call in 5 to 10 minutes prior to the scheduled start time. A replay of the conference call will be available approximately 2 hours after conclusion of the call through August 15, 2008. The telephone replay numbers are 1-888-286-8010 (US/Canada) and 1-617-801-6888 (International). The passcode for the telephone replay is 10427443.

All interested persons, including investors, media and the general public, may listen to a live web cast of the conference call at the Company's web site at www.scana.com. Participants should go to the web site at least 5 to 10 minutes prior to the call start time and follow the instructions. A replay of the web cast and a transcript of the call will be available on the Company's web site approximately 2 hours after conclusion of the call through August 15, 2008.

PROFILE

SCANA Corporation, a Fortune 500 company headquartered in Columbia, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. The Company serves approximately 646,000 electric customers in South Carolina and more than 1.2 million natural gas customers in South Carolina, North Carolina and Georgia. Information about SCANA and its businesses is available on the Company's web site at www.scana.com.