SCANA CORP, 10-K/A, 1995-04-19

SCANA CORP
10-K/A, 1995-04-19
ELECTRIC & OTHER SERVICES COMBINED

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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 10-K/A

(Mark One)

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]

For the fiscal year ended December 31, 1994

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

For the transition period from to

Commission File Number 1-8809

SCANA CORPORATION
(Exact name of registrant as specified in its charter)

SOUTH CAROLINA 57-0784499

(State or other jurisdiction of (IRS employer
incorporation or organization) identification no.)

1426 MAIN STREET, COLUMBIA, SOUTH CAROLINA 29201

(Address of principal executive offices) (Zip code)

Registrant's telephone number, including area code (803) 748-3000

Securities registered pursuant to 12(b) of the Act:

Title of each class Name of each exchange on which registered

Common Stock, without par value New York Stock Exchange

Securities registered pursuant to 12(g) of the Act:

None
(Title of class)

Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes x No

Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [x]

State the aggregate market value of the voting stock held by non-
affiliates of the registrant. The aggregate market value shall be computed by
reference to the price at which the stock was sold, or the average bid and
asked prices of such stock, as of a specified date within 60 days prior to the
date of filing. (See definition of affiliate in Rule 405.)

<PAGE>

Note: If a determination as to whether a particular
person or entity is an affiliate cannot be made without involving
unreasonable effort and expense, the aggregate market value of
the common stock held by non-affiliates may be calculated on the
basis of assumptions reasonable under the circumstances, provided
that the assumptions are set forth in this form.

The aggregate market value of the voting stock held by
nonaffiliates of the registrant was $2,132,604,581 at February
28, 1995 based on the closing price of the Common Stock on such
date, as reported by the New York Stock Exchange composite tape
in The Wall Street Journal.

APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Section 12, 13 or
15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a court.

Yes No

(APPLICABLE ONLY TO CORPORATE REGISTRANTS)

Indicate the number of shares outstanding of each of the
registrant's classes of common stock, as of the latest
practicable date.

The total number of shares of the registrant's
Common Stock, no par value, outstanding at February 28, 1995
was 48,330,982.

DOCUMENTS INCORPORATED BY REFERENCE.

List hereunder the following documents if incorporated by
reference and the Part of the Form 10-K (e.g., Part I, Part II,
etc.) into which the document is incorporated: (1) any annual
report to security-holders; (2) any proxy or information
statement; and (3) any prospectus filed pursuant to Rule 424(b)
or (c) under the Securities Act of 1933. The listed documents
should be clearly described for identification purposes (e.g.,
annual report to security-holders for fiscal year ended December
24, 1980).

(1) Specified sections of the Registrant's 1995 Proxy Statement,
dated March 17, 1995, in connection with its 1995 Annual
Meeting of Stockholders, are incorporated by reference in
Part III hereof.

<PAGE>

AMENDMENT NO. 1

The undersigned registrant hereby amends the following
items, financial statements, exhibits or other portions of its
Annual Report on Form 10-K for the year ended December 31, 1994,
as set forth in the pages attached hereto:

(List all such items, financial statements, exhibits or
other portions amended.)

Item 14: Financial Statements of the Company's Stock Purchase-
Savings Plan, Independent Auditors' Report and Consent
thereto

PART IV

Item 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON
FORM 8-K

(a) Documents filed as a part of this report:

1. Financial Statements and Schedules: See Table of
Contents of Consolidated Financial Statements and
Supplementary Financial Data on page 3 of the Company's
Annual Report on Form 10-K.

* 3. Exhibits:

Exhibits required to be filed with this Annual Report on
Form 10-K are listed in the following Exhibit Index.
Certain of such exhibits which have heretofore been
filed with the Securities and Exchange Commission and
which are designated by reference to their exhibit
numbers in prior filings are incorporated herein by
reference and made a part hereof.

<PAGE>

Pursuant to Rule 15d-21 promulgated under the Securities
Exchange Act of 1934, the following financial statements for
the Company's employee stock purchase plans will be
furnished to the Commission when the information becomes
available:

** The financial statements of the Company's Stock Purchase-
Savings Plan for the year ended December 31, 1994 are
incorporated herein by reference.

For the purposes of complying with the amendments to the
rules governing Form S-8 (effective July 13, 1990) under the
Securities Act of 1933, the undersigned registrant hereby
undertakes as follows, which undertaking shall be
incorporated by reference into registrant's Registration
Statements on Form S-8 Nos. 2-92743 and 2-90618:

Insofar as indemnification for liabilities arising
under the Securities Act of 1933 may be permitted to
directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or
otherwise, the registrant has been advised that in
the opinion of the Securities and Exchange Commission
such indemnification is against public policy as
expressed in the Securities Act of 1933 and is,
therefore, unenforceable. In the event that a claim
for indemnification against such liabilities
(other than the payment by the registrant of expenses
incurred or paid by a director, officer orcontrolling
person of the registrant in the successful defense of
any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection
with the securities being registered, the registrant
will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as
expressed in the Act and will be governed by the final
adjudication of such issue.

As permitted under Item 601(b)(4)(iii), instruments
defining the rights of holders of long-term debt of
less than $400,000,000, or 10 percent of the total
consolidated assets of the Company and its
subsidiaries, have been omitted and the Company agrees
to furnish a copy of such instruments to the Commission
upon request.

(b) Reports on Form 8-K

None

* Previously filed with Form 10-K.
** Filed herein.

<PAGE>

TO PARTICIPATING EMPLOYEES:

For your information there are submitted herewith the financial
statements of the Stock Purchase-Savings Plan for the years ended
December 31, 1994, 1993 and 1992, together with related Notes and
Independent Auditors' Report.

s/L. M. Gressette, Jr.
L. M. Gressette, Jr.
Chairman of the SCANA Corporation
Stock Purchase-Savings Plan Committee

INDEPENDENT AUDITORS' REPORT
SCANA CORPORATION
STOCK PURCHASE-SAVINGS PLAN:

We have audited the Statements of Financial Position of the SCANA
Corporation Stock Purchase-Savings Plan (the "Plan") as of
December 31, 1994, 1993 and 1992, and the related Statements of
Changes in Participants' Equity for the years then ended. These
financial statements are the responsibility of the Committee for
Administration of the Plan (the "Committee"). Our responsibility
is to express an opinion on these financial statements based on
our audits.

We conducted our audits in accordance with generally accepted
auditing stand-ards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and
significant esti-mates made by the Committee, as well as
evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our
opinion.

In our opinion, such financial statements present fairly, in all
material respects, the financial position of the Plan as of
December 31, 1994, 1993 and 1992 and its changes in participants'
equity for the years then ended in conformity with generally
accepted accounting principles.

Our audits were conducted for the purpose of forming an opinion
on the basic financial statements taken as a whole. The
supplemental schedules of assets held for investment purposes and
of reportable transactions are presented for the purpose of
additional analysis and are not a required part of the basic
financial statements but are supplementary information required
by the Department of Labor's Rules and Regulations for Reporting
and Disclosure under the Employee Retirement Income Security Act
of 1974. The supplemental schedules are the responsibility of
the Plan's management. Such supplemental schedules have been
subjected to the auditing procedures applied in our audits of the
basic financial statements and, in our opinion, are fairly stated
in all material respects when considered in relation to the basic
financial statements taken as a whole.

s/Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
Columbia, South Carolina
April 10, 1995

SCANA CORPORATION
STOCK PURCHASE-SAVINGS PLAN

STATEMENTS OF FINANCIAL POSITION

As of December 31, 1994, 1993 and 1992
(Thousands of Dollars)

ACQUIRED WITH ACQUIRED WITH
EMPLOYEES' COMPANY
CONTRIBUTIONS CONTRIBUTIONS
SCANA U.S. SCANA
TOTAL COMMON SAVINGS COMMON
December 31, 1994 PLAN STOCK BONDS STOCK

A S S E T S

Investments in Securities:
SCANA Corporation - 3,909,524
shares of common stock - at
market value (cost - $144,864)
(Note 3)....................... $164,689 $77,652 $87,037
United States Savings Bonds -
Series E & EE - at cost........ 366 $366
Total Investments in
Securities.................. 165,055 77,652 366 87,037
Cash............................. 5 5
Receivable from Participants
(Note 2)........................ 13,433 13,433
Receivable from SCANA
Corporation - Dividends......... 2,715 1,273 1,442
TOTAL..................... $181,208 $92,363 $366 $88,479

PARTICIPANTS' EQUITY............. $181,208 $92,363 $366 $88,479

See Notes to Financial Statements.

<PAGE>

ACQUIRED WITH ACQUIRED WITH
EMPLOYEES' COMPANY
CONTRIBUTIONS CONTRIBUTIONS
SCANA U.S. SCANA
TOTAL COMMON SAVINGS COMMON
December 31, 1993 PLAN STOCK BONDS STOCK

A S S E T S

Investments in Securities:
SCANA Corporation - 3,538,723
shares of common stock - at
market value (cost - $125,260)
(Note 3)....................... $176,051 $79,734 $96,317
United States Savings Bonds -
Series E & EE - at cost........ 393 $393
Total Investments in
Securities.................. 176,444 79,734 393 96,317
Cash............................. 5 3 2
Receivable from Participants
(Note 2)........................ 14,089 14,068 21
Receivable from SCANA
Corporation - Dividends......... 2,387 1,076 1,311
TOTAL..................... $192,925 $94,881 $414 $97,630

PARTICIPANTS' EQUITY............. $192,925 $94,881 $414 $97,630

See Notes to Financial Statements.

<PAGE>

ACQUIRED WITH ACQUIRED WITH
EMPLOYEES' COMPANY
CONTRIBUTIONS CONTRIBUTIONS
SCANA U.S. SCANA
TOTAL COMMON SAVINGS COMMON
December 31, 1992 PLAN STOCK BONDS STOCK

A S S E T S

Investments in Securities:
SCANA Corporation - 3,072,460
shares of common stock - at
market value (cost - $104,038)
(Note 3)....................... $124,435 $56,876 $67,559
United States Savings Bonds -
Series E & EE - at cost........ 399 $399
Total Investments in
Securities.................. 124,834 56,876 399 67,559
Cash............................. 250 249 1
Receivable from Participants
(Note 2)........................ 12,681 12,660 21
Receivable from SCANA
Corporation - Dividends......... 2,021 928 1,093
TOTAL..................... $139,786 $70,713 $420 $68,653

L I A B I L I T I E S
A N D P A R T I C I P A N T S'
E Q U I T Y

Due to SCANA Corporation......... $ 246 $ 246
Participants' Equity............. 139,540 70,467 $420 $68,653
TOTAL..................... $139,786 $70,713 $420 $68,653

See Notes to Financial Statements.

<PAGE>
SCANA CORPORATION
STOCK PURCHASE-SAVINGS PLAN

STATEMENTS OF CHANGES IN PARTICIPANTS' EQUITY

For the years ended December 31, 1994, 1993 and 1992
(Thousands of Dollars)

ACQUIRED WITH ACQUIRED WITH
EMPLOYEES' COMPANY
CONTRIBUTIONS CONTRIBUTIONS
SCANA U.S. SCANA
Year Ended TOTAL COMMON SAVINGS COMMON
December 31, 1994 PLAN STOCK BONDS STOCK

Investment Income - Dividends
on Common Stock of SCANA
Corporation and Other............ $ 11,414 $ 5,796 $ 5,618
Contributions (Note 2):
Company and participating
subsidiaries.................... 8,986 8,986
Participating employees.......... 9,849 9,849
Total....................... 30,249 15,645 14,604
Deduct:
Distributions to participants.... 14,257 5,429 $ 48 8,780
Net depreciation in market
value of common stock of
SCANA Corporation (Note 3)..... 27,709 12,734 14,975
Total....................... 41,966 18,163 48 23,755
Net Increase (Decrease)
in Participants' Equity.......... (11,717) (2,518) (48) (9,151)
Participants' Equity, Beginning
of Year.......................... 192,925 94,881 414 97,630
Participants' Equity, End of
Year............................. $181,208 $92,363 $366 $88,479

See Notes to Financial Statements.

<PAGE>

ACQUIRED WITH ACQUIRED WITH
EMPLOYEES' COMPANY
CONTRIBUTIONS CONTRIBUTIONS
SCANA U.S. SCANA
Year Ended TOTAL COMMON SAVINGS COMMON
December 31, 1993 PLAN STOCK BONDS STOCK

Investment Income - Dividends
on Common Stock of SCANA
Corporation and Other............ $ 10,218 $ 5,128 $ 5,090
Net Appreciation in Market
Value of Common Stock of
SCANA Corporation (Note 3)....... 29,859 13,513 16,346
Contributions (Note 2):
Company and participating
subsidiaries.................... 8,869 8,869
Participating employees.......... 9,755 9,755
Total....................... 58,701 28,396 30,305
Deduct - Distributions to
participants.................... 17 547 6,172 $6 11,369
Net Increase (Decrease)
in Participants' Equity.......... 41,154 22,224 (6) 18,936
Transfer of Net Assets from
ESOP (Note 2).................... 12,231 2,190 10,041
Participants' Equity, Beginning
of Year.......................... 139,540 70,467 420 68,653
Participants' Equity, End of
Year............................. $192,925 $94,881 $414 $97,630

See Notes to Financial Statements.

<PAGE>

ACQUIRED WITH ACQUIRED WITH
EMPLOYEES' COMPANY
CONTRIBUTIONS CONTRIBUTIONS
SCANA U.S. SCANA
Year Ended TOTAL COMMON SAVINGS COMMON
December 31, 1992 PLAN STOCK BONDS STOCK

Investment Income - Dividends
on Common Stock of SCANA
Corporation and Other............ $ 8,615 $ 4,328 $ 4,287
Net Appreciation in Market
Value of U. S. Savings
Bonds (Note 6)................... 2 $ 2
Contributions (Note 2):
Company and participating
subsidiaries.................... 8,816 8,816
Participating employees.......... 9,647 9,647
Total....................... 27,080 13,975 2 13,103
Deduct:
Distributions to participants.... 9,699 3,007 13 6,679
Net depreciation in market value
of common stock of SCANA
Corporation (Note 3)............ 10,816 4,970 5,846
Total....................... 20,515 7,977 13 12,525
Net Increase (Decrease)
in Participants' Equity.......... 6,565 5,998 (11) 578
Participants' Equity, Beginning
of Year.......................... 132,975 64,469 431 68,075
Participants' Equity, End of
Year............................. $139,540 $70,467 $420 $68,653

See Notes to Financial Statements.

</TABLE>
11

<PAGE>

SCANA CORPORATION
STOCK PURCHASE-SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

1. Significant Accounting Policies:

Basis of Accounting

The accompanying financial statements have been prepared on the accrual
basis of accounting.

Investments

Common stock investments in the accompanying financial statements are
stated at market value and bonds are stated at cost, which approximates fair
value. Costs of administering the Stock Purchase Savings Plan (Plan) are paid
by the Plan sponsor, SCANA Corporation (Company).

Reclassifications
Certain 1993 and 1992 amounts have been reclassified to conform with the
1994 presentation.

2. Plan Information:

The Plan is designed to encourage voluntary systematic savings by
employees with the Company's and participating subsidiaries' contributions as
an added incentive. The Company and participating subsidiaries match employee
contributions made through payroll deductions of up to 6% of eligible
earnings. Employees may contribute up to an additional 9% of eligible
earnings (4% prior to October 11, 1991), but such additional contributions are
not supplemented by the Company's and participating subsidiaries'
contributions. Employee contributions are invested in common stock of the
Company or, prior to November 1, 1988, such contributions could, in the
alternative, have been invested in United States Savings Bonds. The Company's
and participating subsidiaries' contributions are invested only in shares of
common stock of the Company. Effective July 1, 1989, Company and
participating subsidiaries' contributions are fully and immediately vested.

The Plan, as amended, allows Participants to contribute up to 15% (10%
prior to October 11, 1991) of eligible earnings on an after tax basis (Regular
Savings) or before tax basis (Tax Deferred Savings), except that "highly
compensated employees" within the context of Internal Revenue Code of 1986
("Code"), as amended, Section 414(q) have been subject to Tax Deferred
contribution limitations of 6% or less pursuant to the limitation of Code
Section 401(k)(3) and the Regulations thereunder. Regular Savings are
included in wages subject to federal or state income tax withholding, whereas
Tax Deferred Savings are exempt from withholding of federal or state income
tax. Participants may request a distribution of all securities and earnings
credited to their Regular Savings accounts (cash is distributed for fractional
shares); as of October 11, 1991, cash may also be distributed for whole shares
at the end of the second year following the Plan Year to which such accounts
pertain; effective July 1, 1994, the two-year withholding period is no longer
applicable to Regular Savings contributions.

Participants may not request a distribution from their Tax Deferred
Savings accounts before age 59-1/2 unless they can demonstrate a hardship.

Participants may request a loan from their Tax Deferred and Regular
Savings accounts. Loans are made available based on the asset value in a
Participant's Tax Deferred and Regular Savings accounts at the time of the
loan, but in any case, not less than $500 or greater than $50,000. Assets
equal to the amount of the loan are converted into cash by the Trustee and
made available to the borrowing Participant; the Participant no longer earns
interest or dividends on the liquidated assets. The period of repayment for
any loan cannot exceed five years, except a loan used to acquire the principal
residence of the Participant may be extended to a maximum of 10 years. All
payments of the loan, including interest, are used to repurchase shares of
SCANA common stock on behalf of the Participant. A Participant may have no

<PAGE>

more than two loans from the Plan outstanding at a time. Upon termination of
employment or death, the outstanding balance of the loan may be paid in full
or will be converted to taxable income on the distribution to the participant
or the participant's beneficiary; if the terminating Participant elects to
delay distribution (permissible when the present value of the Participant's
vested accrued benefit exceeds $3,500), an unpaid loan balance may be
converted to taxable income prior to the distribution of assets to the
delinquent Participant. Participants may receive a distribution of all
securities and earnings credited to their Tax Deferred Savings accounts in the
event of retirement, disability, termination of employment or death.

Participants may request a distribution of all Company Contributions
which have been in existence for two years following the close of the Plan
Year during which they were made, even if they elected to contribute on a tax
deferred basis. If the participant has participated in the Plan for at least
five years, all Company contributions, regardless of length of time in the
Plan, are eligible for distribution.

Distribution due to the death of the Participant will be made to the
surviving spouse, unless there is no surviving spouse or the spouse has
consented in writing to distribution to a beneficiary designated by the
Participant.

At December 31, 1994, 1993 and 1992, there were 922, 978 and 1,067
participants, respectively, (including former employees) in the Regular
Savings Option and 3,237, 3,014 and 3,050 participants, respectively, in the
Tax Deferred Savings Option. At March 1, 1995 all of the Company's and the
Company's participating subsidiaries' 4,403 full time employees were eligible
to participate in the Plan, and payroll deductions under the Plan were in
effect for 3,936 employees. At the SCANA Board of Directors meeting held on
August 25, 1993, the Board voted that all temporary employees hired in such
capacity on or after October 30, 1993 not be permitted to participate in the
Plan. On December 14, 1994, the Employee Plans Committee, created by the
Board of Directors on December 15, 1993 for the purpose of reviewing and
adopting most plan amendments, reversed the exclusion of temporary employees
from plan participation.

The Plan, as amended through 1985, has been approved by the Internal
Revenue Service (IRS) as a qualified employees' trust under Section 401(a) of
the Internal Revenue Code and, as such, is exempt from federal income taxes
under Section 501(a). Participants are not taxed on the income earned or
Company contributions made for their accounts, pursuant to the provisions of
Section 401(a) of the Internal Revenue Code, until such time as the employees
or their beneficiaries receive distributions from the Plan. The Plan was
submitted in December 1994 to the Internal Revenue Service for a current
Determination Letter review on Form 5300 in accordance with Revenue Procedure
94-6.

At the SCANA Board of Directors meeting held on April 29, 1993 the Board
voted that the SCANA Corporation Employee Stock Ownership Plan (ESOP) be
merged with and into the Plan effective April 30, 1993. All remaining assets
of the ESOP were transferred to the Plan on May 5, 1993. It is believed that
this change enhanced the retirement savings purposes of those ESOP
participants who retained their matured shares in the ESOP rather than
electing to receive them in distribution, while at the same time significantly
reducing the administrative cost associated with these plans.

Effective January 1, 1992, First Union National Bank of South Carolina
became the Trustee pursuant to a Trust Agreement executed on December 16,
1991.

<PAGE>
<TABLE>
3. Appreciation (Depreciation) in Market Value of Common Stock:

The cost, market value and appreciation (depreciation) in market value of common
stock of SCANA Corporation as of and for the years ended December 31, 1994, 1993 and
1992 are summarized as follows (thousands of dollars):

<S> <C> <C> <C> <C>
Market Excess of Market
Number Quotation Value Over Cost
of Shares Cost Value (Cost Over Market)

December 31, 1994:
Employee 1,843,373 $ 71,004 $ 77,652 $ 6,648
Company 2,066,151 73,860 87,037 13,177
Total 3,909,524 $144,864 $164,689 $ 19,825

December 31, 1993: 3,538,723 $125,260 $176,051 $ 50,791

Decrease in Unrealized Appreciation, Net................................. (30,966)
Appreciation Realized on Withdrawals..................................... 3,257
Net Depreciation in Market Value of Common Stock - Year
ended December 31, 1994.............................................. $(27,709)

December 31, 1992: 3,072,460 $104,038 $124,435 $ 20,397

Increase in Unrealized Appreciation, Net................................. $ 30,394
Unrealized Appreciation on Shares Transferred from ESOP (Note 2)......... (7,010)
Appreciation Realized on Withdrawals..................................... 6,475
Net Appreciation in Market Value of Common Stock - Year
ended December 31, 1993.............................................. $ 29,859

December 31, 1991: 2,802,556 $ 89,542 $124,013 $ 34,471

Decrease in Unrealized Appreciation, Net................................. $(14,074)
Appreciation Realized on Withdrawals..................................... 3,258
Net Depreciation in Market Value of Common Stock - Year
ended December 31, 1992.............................................. $(10,816)

</TABLE>
14

<PAGE>

4. Accounts Payable to Participants and Former Participants:

The Plan is obligated to deliver to a participant all
securities and cash attributable to the savings to which the
distribution applies. The Plan does not guarantee that market
value of the securities at date of distribution will equal or
exceed cost. Amounts included in participants' equity to be
distributed to participants and former participants were
$1,219,970, $1,890,124 and $761,982 at December 31, 1994, 1993
and 1992, respectively.

5. Appreciation in Market Value of U. S. Savings Bonds:

Investments in U. S. Savings Bonds are reported at cost.
When a participant requests a loan, the U. S. Savings Bonds are
redeemed at their market value (cost plus interest earned) and
the cash is provided to the participant. Therefore, although the
U. S. Savings Bonds are reported at cost, appreciation is
realized when the bonds are redeemed for purposes of providing a
loan.

<PAGE>

SCANA Corporation
STOCK PURCHASE-SAVINGS PROGRAM FOR EMPLOYEES

SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
(ITEM 27a)

AS OF DECEMBER 31, 1994 (Thousands of Dollars)

CURRENT
DESCRIPTION COST VALUE

SCANA Corporation Common Stock $144,864 $164,689

United States Savings Bonds 366 366

Loans to participants 13,433 13,433

$158,663 $178,488

<PAGE>

<TABLE>

SCANA CORPORATION
STOCK PURCHASE-SAVINGS PROGRAM FOR EMPLOYEES

SUPPLEMENTAL SCHEDULE OF REPORTABLE TRANSACTIONS (ITEM 27d)

AS OF DECEMBER 31, 1994 (Thousands of Dollars)

DURING THE YEAR ENDED DECEMBER 31, 1994 THE FOLLOWING TRANSACTIONS WERE MADE IN THE COMMON STOCK OF SCANA
CORPORATION, WHOSE EMPLOYEES ARE COVERED BY THE PROGRAM.

COST OF NET GAIN
PURCHASE SELLING ASSETS FROM
NUMBER OF SHARES PRICE PRICE SOLD SALE

PURCHASED 810,419 35,839

SALES FOR DISTRIBUTION TO
PARTICIPANTS FOR WITHDRAWALS 293,994 13,141 10,513 2,628

SALES FOR 401K EMPLOYEE
LOANS - STOCK 120,105 5,353 5,181 172

</TABLE>