SCANA CORP, 10-K/A, 1996-04-26

SCANA CORP
10-K/A, 1996-04-26
ELECTRIC & OTHER SERVICES COMBINED

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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 10-K/A

AMENDMENT NO. 2

(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, 1995

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. [ ]

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 $2,865,232,398 at February
29, 1996 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 29, 1996 was 104,190,269.

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 1996 Proxy
Statement, dated March 15, 1996, in connection with its 1996
Annual Meeting of Stockholders, are incorporated by reference in
Part III hereof.

<PAGE>

AMENDMENT NO. 2

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, 1995,
as set forth in the pages attached hereto:

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

Item 8: Financial Statements and Supplementary Data

The above item has been amended to include the Financial
Statements for the Company's Stock Purchase-Savings Plan and the
Independent Auditors' Report therein.

Item 14: Exhibits, Financial Statement Schedules and Reports on
Form 8-K

The above item has been amended to include the Financial
Statements for the Company's Stock Purchase-Savings Plan and the
Independent Auditors' Report thereon and Consent to the
incorporation of such report in the Company's registration
statements under the Securities Act of 1933, as amended.

PART II

ITEM 8: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

TABLE OF CONTENTS OF CONSOLIDATED FINANCIAL
STATEMENTS AND SUPPLEMENTARY FINANCIAL DATA

*Independent Auditors' Report

Consolidated Financial Statements:

*Consolidated Balance Sheets as of December 31, 1995 and 1994

*Consolidated Statements of Income and Retained Earnings for
the years ended December 31, 1995, 1994 and 1993

*Consolidated Statements of Cash Flows for the years ended
December 31, 1995, 1994 and 1993

*Consolidated Statements of Capitalization as of
December 31, 1995 and 1994

*Notes to Consolidated Financial Statements

Stock Purchase-Savings Plan: Page

**Independent Auditors' Report....................... 5

**Financial Statements and Notes thereto............. 6

Supplemental financial statement schedules are omitted
because of the absence of conditions under which they are
required or because the required information is included in the
consolidated financial statements or in the notes thereto.

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

<PAGE>

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 above for
amended Table of Contents of Consolidated Financial Statements
and Supplementary Financial Data 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 (except Exhibit 23) 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.

** The Consent of the Independent Accountants (Exhibit 23)
has been revised and is filed herein.

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, 1995, 1994 and 1993, 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, 1995, 1994 and 1993, 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, 1995, 1994 and 1993 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
February 23, 1996

<PAGE>
<TABLE>
SCANA CORPORATION
STOCK PURCHASE-SAVINGS PLAN

STATEMENTS OF FINANCIAL POSITION

As of December 31, 1995, 1994 and 1993
(Thousands of Dollars)

ACQUIRED WITH ACQUIRED WITH
EMPLOYEES' COMPANY
CONTRIBUTIONS CONTRIBUTIONS
SCANA U.S. SCANA
TOTAL COMMON SAVINGS COMMON
December 31, 1995 PLAN STOCK BONDS STOCK
<C> <C> <C> <C> <C> <C>

Assets:
Investments In Securities:
SCANA Corporation - 8,333,328
shares of common stock - at
market value (cost - $160,484)
(Note 3)....................... $238,541 $115,464 $ - $123,077
United States Savings Bonds -
Series E & EE - at cost........ 332 - 332 -
Total Investments In
Securities.................. 238,873 115,464 332 123,077
Cash............................. 5 5 - -
Receivables From Participants
(Note 2)........................ 12,448 12,448 - -
Receivable From SCANA
Corporation - Dividends......... 2,968 1,432 - 1,536
TOTAL ASSETS.............. $254,294 $129,349 $332 $124,613
PARTICIPANTS' EQUITY............. $254,294 $129,349 $332 $124,613