SCANA reports financial results for second quarter 2015
August 1, 2015
CAYCE, SC – SCANA Corporation (NYSE: SCG) announced earnings for the second quarter of 2015 of $99 million, or earnings per share of 69 cents, compared to $96 million, or earnings per share of 68 cents, for the second quarter of 2014.
For the first six months of 2015, SCANA reported earnings of $499 million, or earnings per share of $3.49, compared to $289 million, or earnings per share of $2.05, for the same period in 2014. Year to date 2015 earnings include a $202 million, net of taxes gain or $1.41 per share from the sale of two subsidiaries, Carolina Gas Transmission (CGT) and SCANA Communications, Inc. (SCI).
“Electric margins continue to increase as expected due to financing cost recovery through the Base Load Review Act and customer growth,” said Jimmy Addison, Executive Vice President and Chief Financial Officer. “Compared to the second quarter of last year, electric margins due to weather were relatively flat, while accounting for a five cent per share decline year-to-date.”
~
