March 2, 2005 - Gastonia, N.C. - PSNC Energy, a wholly owned subsidiary of SCANA Corporation (NYSE: SCG), announced today that the North Carolina Utilities Commission has approved its request to return nearly $7.8 million to its natural gas customers. The "gas cost refund" is the result of money refunded to PSNC Energy from the utility's interstate pipeline suppliers.
The refunded amount will show as a one-time only credit on the March bills of current PSNC Energy customers who used natural gas in 2004. Each customer's "gas cost refund" is based on the amount of natural gas billed to that customer's account last year. The average year round residential refund is approximately $11.00.
"We're pleased to have this opportunity to pass along supplier refunds to our customers," said PSNC Energy President and COO Jerry Richardson.
PSNC Energy, headquartered in Gastonia, N.C., is franchised to serve a 28-county service area in North Carolina. The utility distributes natural gas to approximately 410,000 winter-peak customers in 96 cities and communities, including the Raleigh, Durham, and Chapel Hill areas in the north central part of the state; the Concord, Statesville, Gastonia, and Forest City areas in the Piedmont; and the Asheville, Hendersonville, Brevard, and Sylva areas in the western part of the state. More information about PSNC Energy is available through the company's web site at www.psncenergy.com.
SCANA Corporation, a Fortune 500 company headquartered in Columbia, South Carolina, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations, telecommunications and other energy-related businesses. The Company serves approximately 581,000 electric customers in South Carolina and more than one million natural gas customers in South Carolina, North Carolina and Georgia. Information about SCANA and its businesses is available on the Company's website at www.scana.com.