----

----

|  x | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---------|---------------------------------------------------------------------------------------------------|

|  o | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---------|----------------------------------------------------------------------------------------------------|

| Commission       | Registrant,      State of Incorporation,                   | I.R.S.      Employer    |
|------------------|------------------------------------------------------------|-------------------------|
| File      Number | Address      and Telephone Number                          | Identification      No. |
| 1-8809           | SCANA      Corporation                                     | 57-0784499              |
|             | (a      South Carolina corporation)                        |                    |
|             | 1426      Main Street, Columbia, South Carolina 29201 |                    |
|             | (803)      217-9000                                        |                    |
|             |                                                       |                    |
| 1-3375           | South      Carolina Electric & Gas Company             | 57-0248695              |
|             | (a      South Carolina corporation)                        |                    |
|             | 1426      Main Street, Columbia, South Carolina 29201 |                    |
|             | (803)      217-9000                                        |                    |

| SCANA      Corporation                         | Large      accelerated filer  x   | Accelerated      filer o | Non-accelerated      filer o       |
|------------------------------------------------|----------------------------------------|--------------------------|------------------------------------|
|                                           | Smaller      reporting company  o |                     |                               |
| South      Carolina Electric & Gas Company | Large      accelerated filer o         | Accelerated      filer o | Non-accelerated      filer  x |
|                                           | Smaller      reporting company o       |                     |                               |

|                                                           | Description      of          | Shares      Outstanding                                                                                           |
|----------------------------------------------------------------|------------------------------|-------------------------------------------------------------------------------------------------------------------|
| Registrant                                                     | Common      Stock            | at April      30, 2009                                                                                       |
| SCANA      Corporation                                         |  Without      Par Value |                       121,822,695 |
| South      Carolina Electric & Gas Company                 | $4.50      Par Value         |               40,296,147 (a)                                              |
| (a)Owned      beneficially and of record by SCANA Corporation. |                         |

----

----

Table of Contents

TABLE OF CONTENTS

|                                                                  | Page                   |
|-----------------------------------------------------------------------|------------------------|
|  Cautionary Statement Regarding Forward-Looking      Information |  3                |
|                                                                  |                   |
| PART I.      FINANCIAL INFORMATION                               |                   |
|                                                                  |   4          |
| SCANA      Corporation Financial    Section                           | 5                      |
|                                                                  | Item      1.           | Financial      Statements | 5 |
|                                                                  |                   | Condensed      Consolidated Balance Sheets | 5 |
|                                                                  |                   | Condensed      Consolidated Statements of Income | 7 |
|                                                                  |                   | Condensed      Consolidated Statements of Cash    Flows | 8 |
|                                                                  |                   | Condensed      Consolidated Statements of Comprehensive Income | 9 |
|                                                                  |                   | Notes to Condensed Consolidated Financial      Statements | 10 |
|                                                                  | Item      2.           | Management’s Discussion and Analysis of Financial      Condition and Results of Operations | 21 |
|                                                                  | Item 3.                | Quantitative      and Qualitative Disclosures About Market Risk | 26 |
|                                                                  | Item 4.                | Controls      and Procedures | 27 |
|                                                                  |
| South      Carolina Electric & Gas Company Financial Section      | 28                     |
|                                                                  | Item      1.           | Financial      Statements | 29 |
|                                                                  |                   | Condensed      Consolidated Balance Sheets | 29 |
|                                                                  |                   | Condensed      Consolidated Statements of Income | 31 |
|                                                                  |                   | Condensed      Consolidated Statements of CashFlows | 32 |
|                                                                  |                   | Notes to Condensed Consolidated Financial      Statements | 33 |
|                                                                  | Item      2.           | Management’s Discussion and Analysis of Financial      Condition and Results of Operations | 42 |
|                                                                  | Item 3.                | Quantitative      and Qualitative Disclosures About Market Risk | 46 |
|                                                                  | Item 4T.               | Controls      and Procedures | 47 |
|                                                                  |                   |
| PART II. OTHER INFORMATION                                            | 48                     |
|                                                                  |                   |   |
| Item 1.                                                               | Legal      Proceedings | 48 |
|                                                                  |                   |   |
| Item 6.                                                               | Exhibits               | 48 |
|                                                                  |                   |   |
| Signatures                                                            | 49                     |
|                                                                  |                   |   |
| Exhibit Index                                                         | 50                     |

Table of Contents

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKINGINFORMATION

| (1)   |       the      information is of a preliminary nature and may be subject to further      and/or continuing review andadjustment; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   |       regulatory      actions, particularly changes in rate regulation and environmental      regulations; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------|

Table of Contents

SCANA CORPORATION

Table of Contents

BALANCE SHEETS

|                                                                                                                        |   |   | March      31, |   |   |   | December      31, |   |
|-----------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------|--------|--------|--------|-------------------|--------|
| Millions      of dollars                                                                                                    |   |   | 2009           |   |   |   | 2008              |   |
| Assets                                                                                                                      |   |   |           |   |   |   |              |   |
|                                                                                                                        |   |   |           |   |   |   |              |   |
| Utility      Plant In Service                                                                                               |   | $      | 10,514         |   |   | $      | 10,433            |   |
| Accumulated      Depreciation and Amortization                                                                              |   |   | (3,199         | )      |   |   | (3,146            | )      |
| Construction      Work in Progress                                                                                          |   |   | 815            |   |   |   | 711               |   |
| Nuclear      Fuel, Net of Accumulated Amortization                                                                          |   |   | 83             |   |   |   | 77                |   |
| Acquisition      Adjustments                                                                                                |   |   | 230            |   |   |   | 230               |   |
| Utility      Plant, Net                                                                                                     |   |   | 8,443          |   |   |   | 8,305             |   |
|                                                                                                                        |   |   |           |   |   |   |              |   |
| Nonutility      Property and Investments:                                                                                   |   |   |           |   |   |   |              |   |
|        Nonutility property, net of accumulated depreciation of $99 and      $94               |   |   | 215            |   |   |   | 194               |   |
|        Assets held in trust, net-nuclear decommissioning                                                               |   |   | 54             |   |   |   | 54                |   |
|        Other investments                                                                                               |   |   | 69             |   |   |   | 68                |   |
|        Nonutility Property and Investments, Net                                                                        |   |   | 338            |   |   |   | 316               |   |
|                                                                                                                        |   |   |           |   |   |   |              |   |
| Current      Assets:                                                                                                        |   |   |           |   |   |   |              |   |
|        Cash and cash equivalents                                                                                       |   |   | 448            |   |   |   | 272               |   |
|        Receivables, net of allowance for uncollectible accounts of $13 and      $11      |   |   | 642            |   |   |   | 828               |   |
|        Inventories (at average cost):                                                                                  |   |   |           |   |   |   |              |   |
|          Fuel and gas supply                                                                                 |   |   | 281            |   |   |   | 358               |   |
|          Materials and supplies                                                                              |   |   | 107            |   |   |   | 108               |   |
|          Emission allowances                                                                                 |   |   | 14             |   |   |   | 15                |   |
|        Prepayments and other                                                                                           |   |   | 138            |   |   |   | 232               |   |
|        Deferred income taxes                                                                                           |   |   | 19             |   |   |   | 23                |   |
|        Total Current Assets                                                                                            |   |   | 1,649          |   |   |   | 1,836             |   |
|                                                                                                                        |   |   |           |   |   |   |              |   |
| Deferred      Debits and Other Assets:                                                                                      |   |   |           |   |   |   |              |   |
|        Regulatory assets                                                                                               |   |   | 1,027          |   |   |   | 905               |   |
|        Other                                                                                                           |   |   | 145            |   |   |   | 140               |   |
|        Total Deferred Debits and Other Assets                                                                          |   |   | 1,172          |   |   |   | 1,045             |   |
| Total                                                                                                                       |   | $      | 11,602         |   |   | $      | 11,502            |   |

Table of Contents

|                                                            |   |   | March      31, |   |   |   | December      31, |   |
|-----------------------------------------------------------------|--------|--------|----------------|--------|--------|--------|-------------------|--------|
| Millions      of dollars                                        |   |   | 2009           |   |   |   | 2008              |   |
| Capitalization      and Liabilities                             |   |   |           |   |   |   |              |   |
|                                                            |   |   |           |   |   |   |              |   |
| Common      Equity                                              |   | $      | 3,228          |   |   | $      | 3,045             |   |
| Preferred      Stock (Not subject to purchase or sinking funds) |   |   | 106            |   |   |   | 106               |   |
| Preferred      Stock (Subject to purchase or sinking funds)     |   |   | 7              |   |   |   | 7                 |   |
| Long-Term      Debt, net                                        |   |   | 4,524          |   |   |   | 4,361             |   |
|        Total Capitalization                                |   |   | 7,865          |   |   |   | 7,519             |   |
|                                                            |   |   |           |   |   |   |              |   |
| Current      Liabilities:                                       |   |   |           |   |   |   |              |   |
|        Short-term borrowings                               |   |   | 106            |   |   |   | 80                |   |
|        Current portion of long-term debt                   |   |   | 50             |   |   |   | 144               |   |
|        Accounts payable                                    |   |   | 293            |   |   |   | 405               |   |
|        Customer deposits and customer prepayments          |   |   | 91             |   |   |   | 97                |   |
|        Taxes accrued                                       |   |   | 55             |   |   |   | 128               |   |
|        Interest accrued                                    |   |   | 71             |   |   |   | 69                |   |
|        Dividends declared                                  |   |   | 59             |   |   |   | 56                |   |
|        Other                                               |   |   | 152            |   |   |   | 176               |   |
|        Total Current Liabilities                           |   |   | 877            |   |   |   | 1,155             |   |
|                                                            |   |   |           |   |   |   |              |   |
| Deferred      Credits and Other Liabilities:                    |   |   |           |   |   |   |              |   |
|        Deferred income taxes, net                          |   |   | 1,028          |   |   |   | 1,009             |   |
|        Deferred investment tax credits                     |   |   | 103            |   |   |   | 103               |   |
|        Asset retirement obligations                        |   |   | 464            |   |   |   | 458               |   |
|        Pension and other postretirement benefits           |   |   | 264            |   |   |   | 261               |   |
|        Regulatory liabilities                              |   |   | 856            |   |   |   | 838               |   |
|        Other                                               |   |   | 145            |   |   |   | 159               |   |
|        Total Deferred Credits and Other Liabilities        |   |   | 2,860          |   |   |   | 2,828             |   |
|                                                            |   |   |           |   |   |   |              |   |
| Commitments      and Contingencies (Note 7)                     |   |   | -              |   |   |   | -                 |   |
| Total                                                           |   | $      | 11,602         |   |   | $      | 11,502            |   |

Table of Contents

INCOME

|                                                                                |   |   |   |   |   | Three      Months Ended |   |
|-------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|-------------------------|--------|
|                                                                                |   |   |   |   |   | March      31,          |   |
| Millions      of dollars, except per share amounts                                  |   |   |   |   |   |                    |   |   | 2009 |   |   | 2008 |   |
| Operating      Revenues:                                                            |   |   |   |   |   |                    |   |   |   |   |   |   |   |
|   Electric                                                                |   |   |   |   |   |                    |   | $ | 497 |   | $ | 488 |   |
|        Gas - regulated                                                         |   |   |   |   |   |                    |   |   | 422 |   |   | 482 |   |
|        Gas - nonregulated                                                      |   |   |   |   |   |                    |   |   | 424 |   |   | 563 |   |
|        Total Operating Revenues                                                |   |   |   |   |   |                    |   |   | 1,343 |   |   | 1,533 |   |
|                                                                                |   |   |   |   |   |                    |   |   |   |   |   |   |   |
| Operating      Expenses:                                                            |   |   |   |   |   |                    |   |   |   |   |   |   |   |
|        Fuel used in electric generation                                        |   |   |   |   |   |                    |   |   | 185 |   |   | 177 |   |
|        Purchased power                                                         |   |   |   |   |   |                    |   |   | 5 |   |   | 5 |   |
|        Gas purchased for resale                                                |   |   |   |   |   |                    |   |   | 644 |   |   | 838 |   |
|        Other operation and maintenance                                         |   |   |   |   |   |                    |   |   | 158 |   |   | 177 |   |
|        Depreciation and amortization                                           |   |   |   |   |   |                    |   |   | 83 |   |   | 80 |   |
|        Other taxes                                                             |   |   |   |   |   |                    |   |   | 45 |   |   | 43 |   |
|        Total Operating Expenses                                                |   |   |   |   |   |                    |   |   | 1,120 |   |   | 1,320 |   |
|                                                                                |   |   |   |   |   |                    |   |   |   |   |   |   |   |
| Operating      Income                                                               |   |   |   |   |   |                    |   |   | 223 |   |   | 213 |   |
|                                                                                |   |   |   |   |   |                    |   |   |   |   |   |   |   |
| Other      Income (Expense):                                                        |   |   |   |   |   |                    |   |   |   |   |   |   |   |
|        Other income                                                            |   |   |   |   |   |                    |   |   | 12 |   |   | 19 |   |
|        Other expenses                                                          |   |   |   |   |   |                    |   |   | (8 | ) |   | (10 | ) |
|    Interest      charges, net of allowance for borrowed funds        |   |   |   |   |   |                    |   |   |   |   |   |   |   |
|      used      during construction of $6 and $3  |   |   |   |   |   |                    |   |   | (58 | ) |   | (53 | ) |
|    Allowance      for equity funds used during construction          |   |   |   |   |   |                    |   |   | 7 |   |   | 3 |   |
|          Total Other Expense                                         |   |   |   |   |   |                    |   |   | (47 | ) |   | (41 | ) |
|                                                                                |   |   |   |   |   |                    |   |   |   |   |   |   |   |
| Income      Before Income Tax Expense and                                           |   |   |   |   |   |                    |   |   |   |   |   |   |   |
|    Earnings      from Equity Method Investments                      |   |   |   |   |   |                    |   |   | 176 |   |   | 172 |   |
| Income      Tax Expense                                                             |   |   |   |   |   |                    |   |   | 61 |   |   | 62 |   |
|                                                                                |   |   |   |   |   |                    |   |   |   |   |   |   |   |
| Income      Before Earnings from Equity Method Investments                     |   |   |   |   |   |                    |   |   | 115 |   |   | 110 |   |
| Earnings      from Equity Method Investments                                        |   |   |   |   |   |                    |   |   | 1 |   |   | 1 |   |
|                                                                                |   |   |   |   |   |                    |   |   |   |   |   |   |   |
| Net      Income                                                                     |   |   |   |   |   |                    |   |   | 116 |   |   | 111 |   |
| Less      Preferred Dividends of Subsidiary                                         |   |   |   |   |   |                    |   |   | (2 | ) |   | (2 | ) |
| Income      Available to Common Shareholders of SCANACorporation                    |   |   |   |   |   |                    |   | $  | 114 |   | $  | 109 |   |
|                                                                                |   |   |   |   |   |                    |   |   |   |   |   |   |   |
| Basic      and Diluted Earnings Per Share of Common Stock                           |   |   |   |   |   |                    |   | $ | .94 |   | $ | .94 |   |
| Weighted      Average Shares Outstanding (millions)                                 |   |   |   |   |   |                    |   |   | 120.9 |   |   | 116.7 |   |
|                                                                                |   |   |   |   |   |                    |   |   |   |   |   |   |   |
| See      Notes to Condensed Consolidated FinancialStatements.                       |   |   |   |   |   |                    |   |   |   |   |   |   |   |

Table of Contents

CASH FLOWS

|                                                                                                                                                      |   |   | Three      Months Ended |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------------------|--------|
|                                                                                                                                                      |   |   | March      31,          |   |
| Millions      of dollars                                                                                                                                  |   |   | 2009                    |   |   | 2008 |   |
| Cash      Flows From Operating Activities:                                                                                                                |   |   |                    |   |   |   |   |
| Net      income                                                                                                                                           |   | $      | 116                     |   | $ | 111 |   |
| Adjustments      to reconcile net income to net cash provided from operating      activities:                                                             |   |   |                    |   |   |   |   |
|        Excess earnings from equity method investments, net of      distributions                                                                     |   |   | (1)                     |   |   | (1 | ) |
|        Depreciation and amortization                                                                                                                 |   |   | 86                      |   |   | 80 |   |
|        Amortization of nuclear fuel                                                                                                                  |   |   | 5                       |   |   | 5 |   |
|   Allowance      for equity funds used during construction                                                                                      |   |   | (7                      | )      |   | (2 | ) |
|        Carrying cost recovery                                                                                                                        |   |   | (1                      | )      |   | (1 | ) |
|   Cash      provided (used) by changes in certain assets and      liabilities:                                                                  |   |   |                    |   |   |   |   |
|           Receivables                                                                                                                 |   |   | 225                     |   |   | 8 |   |
|           Inventories                                                                                                                 |   |   | 68                      |   |   | 86 |   |
|           Prepayments and other                                                                                                       |   |   | 61                      |   |   | (26 | ) |
|           Pension asset                                                                                                               |   |   | 8                       |   |   | (4 | ) |
|           Other regulatory assets                                                                                                     |   |   | (173                    | )      |   | 40 |   |
|           Deferred income taxes, net                                                                                                  |   |   | 23                      |   |   | 21 |   |
|           Regulatory liabilities                                                                                                      |   |   | 44                      |   |   | 21 |   |
|           Accounts payable                                                                                                            |   |   | (68                     | )      |   | (65 | ) |
|           Taxes accrued                                                                                                               |   |   | (73                     | )      |   | (77 | ) |
|      Interest      accrued                                                                                                       |   |   | 2                       |   |   | 1 |   |
|        Changes in fuel adjustment clauses                                                                                                            |   |   | 2                       |   |   | (10 | ) |
|        Changes in other assets                                                                                                                       |   |   | (4                      | )      |   | (3 | ) |
|        Changes in other liabilities                                                                                                                  |   |   | (65                     | )      |   | (30 | ) |
| Net      Cash Provided From Operating Activities                                                                                                          |   |   | 248                     |   |   | 154 |   |
| Cash      Flows From Investing Activities:                                                                                                                |   |   |                    |   |   |   |   |
| Utility      property additions and construction expenditures                                                                                             |   |   | (214                    | )      |   | (171 | ) |
| Proceeds      from sale of assets                                                                                                                         |   |   | -                       |   |   | 1 |   |
| Nonutility      property additions                                                                                                                        |   |   | (26                     | )      |   | (7 | ) |
| Net      Cash Used For Investing Activities                                                                                                               |   |   | (240                    | )      |   | (177 | ) |
| Cash      Flows From Financing Activities:                                                                                                                |   |   |                    |   |   |   |   |
| Proceeds      from issuance of common stock                                                                                                               |   |   | 126                     |   |   | - |   |
| Proceeds      from issuance of debt                                                                                                                       |   |   | 176                     |   |   | 493 |   |
| Repayment      of long-term debt                                                                                                                          |   |   | (104                    | )      |   | (102 | ) |
| Dividends                                                                                                                                                 |   |   | (56                     | )      |   | (53 | ) |
| Short-term      borrowings, net                                                                                                                           |   |   | 26                      |   |   | (271 | ) |
| Net      Cash Provided From Financing Activities                                                                                                          |   |   | 168                     |   |   | 67 |   |
| Net      Increase In Cash and Cash Equivalents                                                                                                            |   |   | 176                     |   |   | 44 |   |
| Cash      and Cash Equivalents, January 1                                                                                                                 |   |   | 272                     |   |   | 134 |   |
| Cash      and Cash Equivalents, March 31                                                                                                                  |   | $      | 448                     |   | $ | 178 |   |
|  Supplemental      Cash Flow Information:                                                                                                            |   |   |                    |   |   |   |   |
|   Cash      paid for  - Interest (net of capitalized interest of $6 and      $3)                                                           |   | $      | 53                      |   | $ | 45 |   |
|                              - Income taxes |   |   | -                       |   |   | 38 |   |
|                                                                                                                                                      |   |   |                    |   |   |   |   |
| Noncash      Investing and Financing Activities:                                                                                                          |   |   |                    |   |   |   |   |
|   Accrued      construction expenditures                                                                                                        |   |   | 77                      |   |   | 90 |   |

| See      Notes to Condensed Consolidated Financial  Statements. |
|-----------------------------------------------------------------|

Table of Contents

|                                                                                                                                 |   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|
| SCANA      CORPORATION                                                                                                               |   |
| CONDENSED      CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME                                                                       |   |
| (Unaudited)                                                                                                                          |   |
|                                                                                                                                 |   |   |   |
|                                                                                                                                 |   | Three      Months Ended |   |
|                                                                                                                                 |   | March      31, |   |
| Millions      of dollars                                                                                                             |   |   |   |   |   | 2009 |   | 2008 |   |   |
| Net      Income                                                                                                                      |   |   |   |   |   |   |   | $ | 116 |   | $ | 111 |   |   |
| Other      Comprehensive Income (Loss), net of tax:                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Gains (losses) on hedging activities:                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       Unrealized      holding gains (losses) arising during period, net                                |   |   |   |   |   |   |   |   | (26 | ) |   | 6 |   |   |
|       Realized      gains (losses) on derivatives designated as cash flow      hedges                  |   |   |   |   |   |   |   |   | 3 |   |   | (3 | ) |   |
|      Reclassified for      losses included in net income                                               |   |   |   |   |   |   |   |   | 27 |   |   | 3 |   |   |
|   Deferred      cost of employee benefit plans, net of taxes                                                               |   |   |   |   |   |   |   |   | 1 |   |   | - |   |   |
| Total      Comprehensive Income                                                                                                      |   |   |   |   |   |   |   |   | 121 |   |   | 117 |   |   |
| Less      Comprehensive income attributable to noncontrolling      interest                                                          |   |   |   |   |   |   |   |   | (2 | ) |   | (2 | ) |   |
| Comprehensive      income attributable to SCANA Corporation (1)                                                                      |   |   |   |   |   |   |   | $ | 119 |   | $ | 115 |   |   |
|                                                                                                                                 |
| (1)       Accumulated other comprehensive loss totaled $104.2 million as of      March 31, 2009 and $108.6 million as |
|       of December      31, 2008.                                                                  |
|                                                                                                                            |
| See      Notes to Condensed Consolidated Financial      Statements.                                                             |

Table of Contents

NOTES 

|                                                     |   | March      31, |   | December      31, |   |
|----------------------------------------------------------|--------|----------------|--------|-------------------|--------|
| Millions      of dollars                                 |   | 2009           |   | 2008              |   |
| Regulatory      Assets:                                  |   |           |   |              |   |
| Accumulated      deferred income taxes                   |   | $              | 171    |              | $      | 171 |   |
| Under-collections      - electric fuel adjustment clause |   |           | 90     |              |   | - |   |
| Environmental      remediation costs                     |   |           | 27     |              |   | 27 |   |
| Asset      retirement obligations and related funding    |   |           | 273    |              |   | 265 |   |
| Franchise      agreements                                |   |           | 49     |              |   | 50 |   |
| Deferred      employee benefit plan costs                |   |           | 347    |              |   | 345 |   |
| Other                                                    |   |           | 70     |              |   | 47 |   |
| Total      Regulatory Assets                             |   | $              | 1,027  |              | $      | 905 |   |

| Regulatory      Liabilities:           |   |   |   |   |   |
|----------------------------------------|--------|--------|--------|--------|--------|
| Accumulated      deferred income taxes |   | $      | 31     |   | $      | 32 |   |
| Other      asset removal costs         |   |   | 701    |   |   | 688 |   |
| Storm      damage reserve              |   |   | 49     |   |   | 48 |   |
| Planned      major maintenance         |   |   | 12     |   |   | 11 |   |
| Monetization      of bankruptcy claim  |   |   | 42     |   |   | 43 |   |
| Other                                  |   |   | 21     |   |   | 16 |   |
| Total      Regulatory Liabilities      |   | $      | 856    |   | $      | 838 |   |

Table of Contents

Table of Contents

|                                    |   | Pension      Benefits |   | Other      Postretirement Benefits |   |
|-----------------------------------------|--------|-----------------------|--------|------------------------------------|--------|
| Millions      of dollars                |   | 2009                  |   | 2008                               |   | 2009 |   | 2008 |   |
| Three      months ended March 31,       |   |                  |   |                               |   |   |   |   |   |
| Service      cost                       |   | $                     | 3.8    |                               | $      | 3.9 |   | $ | 1.1 |   | $ | 1.1 |   |
| Interest      cost                      |   |                  | 11.3   |                               |   | 10.9 |   |   | 3.0 |   |   | 3.0 |   |
| Expected      return on assets          |   |                  | (12.8  | )                                  |   | (20.4 | ) |   | - |   |   | - |   |
| Prior      service cost amortization    |   |                  | 1.7    |                               |   | 1.7 |   |   | 0.3 |   |   | 0.3 |   |
| Transition      obligation amortization |   |                  | -      |                               |   | - |   |   | 0.2 |   |   | 0.2 |   |
| Amortization      of actuarial loss     |   |                  | 5.7    |                               |   | - |   |   | - |   |   | - |   |
| Net      periodic benefit (income) cost |   | $                     | 9.7    |                               | $      | (3.9 | ) | $ | 4.6 |   | $ | 4.6 |   |

Table of Contents

Table of Contents

|                                                                                                               |   |  SCANA    |  SCE&G (c) |              |  PSNC Energy(c) |   |
|--------------------------------------------------------------------------------------------------------------------|--------|----------------|--------------------------|-------------------|---------------------------|--------|
|                                                                                                               |   | March      31, |                     | December      31, |                      |   | March      31, |   |   | December      31, |   | March      31, | December      31, |   |
| Millions      of dollars                                                                                           |   | 2009           |                     | 2008              |                      |   | 2009 |   |   | 2008 |   | 2009 | 2008 |   |
| Lines      of credit:                                                                                              |   |           |                     |              |                      |   |   |   |   |   |   |   |   |   |
|   Committed      long-term (expire    December      2011)                            |   |           |                     |              |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total                                                                                      | $      | 200            |                     | $                 | 200                       |   | $ | 650 |   | $ | 650 |   | $ | 250 |   | $ | 250 |   |
|     Outstanding      bank loans                                                                |   | 15             |                     |              | 15                        |   |   | 280 |   |   | 285 |   |   | 156 |   |   | 156 |   |
|     Weighted      average interest rate                                                        |   | .78            | %                        |              | 2.17                      | %      |   | .73 | % |   | 1.61 | % |   | .73 | % |   | 1.72 | % |
|     Outstanding      commercial paper    (270 or fewer      days) (a) |   | -              |                     |              | -                         |   |   | 93 |   |   | 34 |   |   | 14 |   |   | 46 |   |
|     Weighted      average interest rate                                                        |   | -              |                     |              | -                         |   |   | 1.13 | % |   | 5.69 | % |   | 1.21 | % |   | 6.15 | % |
|   Letter      of Credit Supported by LOC                                                                 |   | 3              |                     |              | -                         |   |   | - |   |   | - |   |   | - |   |   | - |   |
|   Available                                                                                              |   | 182            |                     |              | 185                       |   |   |        277 |   |   | 331 |   |   | 80 |   |   | 48 |   |
|   Uncommitted      (b      ):                                                                            |   |           |                     |              |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Total                                                                    | $      | 78             |                     | $                 | 78                        |   |   | - |   |   | - |   |   | - |   |   | - |   |
|        Used                                                                     |   | -              |                     |              | -                         |   |   | - |   |   | - |   |   | - |   |   | - |   |
|     Weighted      average interest rate                                                        |   | -              |                     |              | -                         |   |   | - |   |   | - |   |   | - |   |   | - |   |

Table of Contents

Table of Contents

|                                  | Commodity      and Other Energy Management Contracts (in dekatherms) |
|---------------------------------------|----------------------------------------------------------------------|
| Hedge      designation under SFAS 133 | Gas      Distribution                                                | Retail      Gas Marketing | Energy      Marketing | Total |
| Cash      flow                        | -                                                                    | 7,152,248 | 13,042,088 | 20,194,336 |
| Not      designated (a)          | 9,910,000                                                            | 1,600,000 | 36,801,273 | 48,311,273 |
| Total                                 | 9,910,000                                                            | 8,752,248 | 49,843,361 | 68,505,609 |

|                                     | Fair      Values of Derivative Instruments |
|------------------------------------------|--------------------------------------------|
|                                     |                                       | Asset      Derivatives |   | Liability      Derivatives |
| As      of March 31, 2009                |                                       | Balance      Sheet |   |   | Fair |   | Balance      Sheet |   |   | Fair |
| Millions      of dollars                 |                                       | Location (b) |   |   | Value |   | Location (b) |   |   | Value |
| Derivatives      designated as hedging   |                                       |   |   |   |   |   |   |   |   |   |
| instruments      under SFAS 133          |                                       |   |   |   |   |   |   |   |   |   |
|   Interest      rate contracts |                                       | Other      deferred debits |   | $ | 4 |   | Other      current liabilities |   | $ | 29 |
|                                     |                                       |   |   |   |   |   | Other      deferred credits |   |   | 31 |
|                                     |                                       |   |   |   |   |   |   |   |   |   |
|   Commodity      contracts     |                                       | Other      current liabilities |   |   | 1 |   | Prepayments      and other |   |   | 7 |
|                                     |                                       |   |   |   |   |   | Other      current liabilities |   |   | 32 |
|                                     |                                       |   |   |   |   |   | Other      deferred credits |   |   | 5 |
| Total                                    |                                       |   |   | $ | 5 |   |   |   | $ | 104 |

Table of Contents

|  Derivatives      not designated as          |   |                           |   |   |   |   |                           |   |   |   |
|---------------------------------------------------|--------|--------------------------------|--------|--------|--------|--------|--------------------------------|--------|--------|--------|
| hedging      instruments under                    |   |                           |   |   |   |   |                           |   |   |   |
| SFAS      133                                     |   |                           |   |   |   |   |                           |   |   |   |
|   Commodity      contracts              |   | Prepayments      and other     |   | $      | 6      |   | Accounts      receivables      |   | $      | 3      |
|                                              |   | Other      current liabilities |   |   | 1      |   | Other      current liabilities |   |   | 15     |
|                                              |   |                           |   |   |   |   |                           |   |   |   |
|   Energy management      contracts |   | Prepayments      and other     |   |   | 8      |   | Prepayments      and other     |   |   | 1      |
|                                              |   | Other      deferred debits     |   |   | 2      |   | Other      current liabilities |   |   | 8      |
|                                              |   |                           |   |   |   |   | Other      deferred credits    |   |   | 2      |
| Total                                             |   |                           |   | $      | 17     |   |                           |   | $      | 29     |

|                                    |   |   |                                                   |   |                                                                      |   |
|-----------------------------------------|--------|--------|--------------------------------------------------------|--------|---------------------------------------------------------------------------|--------|
|                                    |   |   | Gain      or (Loss) Deferred                           |   | Gain      or (Loss) Reclassified                                          |   |
|                                    |   |   | in      Regulatory Accounts                            |   | from      Deferred Accounts                                               |   |
| Derivatives      in SFAS 133       |   |   | (Effective      Portion)                               |   | (Effective      Portion)                                                  |   |
| Cash      Flow Hedging Relationships    |   |   | 2009                                                   |   | Location                                                                  |   |   | Amount |   |
|                                    |   |   |                                                   |   |                                                                      |   |   |   |   |
| Interest      rate contracts            |   | $      | 20                                                     |   | Interest      expense                                                     |   | $ | (1) |   |
| Total                                   |   | $      | 20                                                     |   |                                                                      |   | $ | (1) |   |
|                                    |   |   |                                                   |   |                                                                      |   |
|                                    |   |   | Gain      or (Loss)                                    |   | Gain      or (Loss) Reclassified from                                     |   |
|  Derivatives      in SFAS 133 |   |   | Recognized      in OCI, net of tax (Effective Portion) |   | Accumulated      OCI into Income,net      of tax (Effective Portion) |   |
| Cash      Flow Hedging Relationships    |   |   | 2009                                                   |   | Location                                                                  |   |   | Amount |   |
|                                    |   |   |                                                   |   |                                                                      |   |   |   |   |
| Interest      rate contracts            |   | $      | 2                                                      |   | Interest      expense                                                     |   | $ | - |   |
| Commodity      contracts                |   |   | (26)                                                   |   | Gas      purchased for resale                                             |   |   | (27) |   |
| Total                                   |   | $      | (24)                                                   |   |                                                                      |   | $ | (27) |   |

| Derivatives      Not Designated as      |   | Gain      or (Loss) Recognized in Income |
|-----------------------------------------|--------|------------------------------------------|
| Hedging      Instruments under SFAS 133 |   | Location                                 |   |   | Amount |
| Commodity      contracts                |   | Gas      purchased for resale            |   | $ | (3) |
|                                    |   |                                     |   |   |   |
| Other      energy management contracts  |   | Gas      purchased for resale            |   |   | (2) |
| Total                                   |   |                                     |   | $ | (5) |

Table of Contents

|                                        |   |    | Fair      Value Measurements Using |   |
|---------------------------------------------|--------|---------|------------------------------------|--------|
|                                        |   |    | Markets      for Identical Assets  |   |   | Observable      Inputs |   |
| Millions      of dollars                    |   |    | (Level      1)                     |   |   | (Level      2) |   |
| As      of March 31, 2009                   |   |    |                               |   |   |   |   |
| Assets      - Available for sale securities |   | $       | 2                                  |   | $ |  - |   |
| Assets      - Derivative instruments        |   |    | 7                                  |   |   | 30 |   |
| Liabilities      - Derivative instruments   |   |    | 1                                  |   |   | 131 |   |
|                                        |   |    |                               |   |   |   |   |
| As      of December 31, 2008           |   |    |                               |   |   |   |   |
| Assets      - Available for sale securities |   |  $ | 2                                  |   |  $ |  - |   |
| Assets      - Derivative instruments        |   |    | 9                                  |   |   | 26 |   |
| Liabilities      - Derivative instruments   |   |    | 2                                  |   |   | 138 |   |

Table of Contents

|                                   | External | Intersegment | Operating | Net                | Segment |
|----------------------------------------|----------|--------------|-----------|--------------------|---------|
| Millions      of dollars               | Revenue  | Revenue      | Income    | Income      (Loss) | Assets  |
| Three      Months Ended March 31, 2009 |     |         |      |               |    |   |   |   |   |   |   |   |   |   |   |
| Electric      Operations               |     | $            | 497       |               | $       | 3 |   | $ | 102 |   |   | n/a |   |  $ |   6,720 |
| Gas      Distribution                  |     |         | 420       |               |    | - |   |   | 81 |   |   | n/a |   |   |   2,078 |
| Gas      Transmission                  |     |         | 2         |               |    | 11 |   |   | 5 |   |   | n/a |   |   |   265 |
| Retail      Gas Marketing              |     |         | 228       |               |    | - |   |   | n/a |   | $ | 22 |   |   |   192 |
| Energy      Marketing                  |     |         | 196       |               |    | 42 |   |   | n/a |   |   | - |   |   |   124 |
| All      Other                         |     |         | 7         |               |    | 85 |   |   | n/a |   |   | (1 | ) |   |   901 |
| Adjustments/Eliminations               |     |         | (7        | )                  |    | (141 | ) |   | 35 |   |   | 93 |   |   |   1,322 |
| Consolidated      Total                |     | $            | 1,343     |               | $       | - |   | $ | 223 |   | $ | 114 |   |  $ |   11,602 |

|                                        | External | Intersegment | Operating | Net                | Segment |
|---------------------------------------------|----------|--------------|-----------|--------------------|---------|
| Millions      of dollars                    | Revenue  | Revenue      | Income    | Income      (Loss) | Assets  |
| Three      Months Ended March 31, 2008 |     |         |      |               |    |   |   |   |   |   |   |   |   |   |   |
| Electric      Operations                    |     | $            | 488       |               |    | $ | 3 |   |   | $ | 98 |   |   |   | n/a |   |   | $ | 5,996 |   |
| Gas      Distribution                       |     |         | 480       |               |    |   | - |   |   |   | 77 |   |   |   | n/a |   |   |   | 1,917 |   |
| Gas      Transmission                       |     |         | 2         |               |    |   | 11 |   |   |   | 5 |   |   |   | n/a |   |   |   | 328 |   |
| Retail      Gas Marketing                   |     |         | 265       |               |    |   | - |   |   |   | n/a |   |   | $ | 22 |   |   |   | 195 |   |
| Energy      Marketing                       |     |         | 298       |               |    |   | 70 |   |   |   | n/a |   |   |   | - |   |   |   | 155 |   |
| All      Other                              |     |         | 8         |               |    |   | 84 |   |   |   | n/a |   |   |   | (1 | ) |   |   | 1,266 |   |
| Adjustments/Eliminations                    |     |         | (8        | )                  |    |   | (168 | ) |   |   | 33 |   |   |   | 88 |   |   |   | 392 |   |
| Consolidated      Total                     |     | $            | 1,533     |               |    | $ | - |   |   | $ | 213 |   |   | $ | 109 |   |   | $ | 10,249 |   |

Table of Contents

ITEM 2.

|   | FOR      THE THREE MONTHS ENDED MARCH 31,2009 |
|--------|-----------------------------------------------|

|  Millions      of dollars |   |   |   |   |   |   | 2009 |   |   | 2008 |   |
|--------------------------------|--------|--------|--------|--------|--------|--------|------|--------|--------|------|--------|
|  Earnings      per share  |   |   |   |   |   |   | $    | .94    |   | $    | .94    |   |

| Declaration      Date  | Dividend      Per Share |        Record      Date |        Payment Date                                                                                |
|------------------------|-------------------------|------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|
| February      19, 2009 | $.47                    |     March      10, 2009                |                     April 1, 2009 |
| April      23, 2009    |  .47               |     June      10, 2009                 |                     July 1, 2009  |

| Millions      of dollars                                                         |   |   |   |   |   |   |   |   |   |   | 2009  |   | %      Change |   |   | 2008  |   |
|----------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|--------|---------------|--------|--------|-------|--------|
| Operating      revenues                                                          |   |   |   |   |   |   |   |   |   | $      | 497.1 |   | 1.9           | %      | $      | 487.9 |   |
| Less:  Fuel      used in generation                                    |   |   |   |   |   |   |   |   |   |   | 184.9 |   | 4.5           | %      |   | 176.9 |   |
|           Purchased      power |   |   |   |   |   |   |   |   |   |   | 4.9   |   | 4.3           | %      |   | 4.7   |   |
|      Margin                                             |   |   |   |   |   |   |   |   |   | $      | 307.3 |   | 0.3           | %      | $      | 306.3 |   |

| Millions      of dollars                 |   |   |   |   |   |   |   |   |   |   | 2009  |   | %      Change |   |   | 2008  |   |
|------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|--------|---------------|--------|--------|-------|--------|
| Operating      revenues                  |   |   |   |   |   |   |   |   |   | $      | 419.8 |   | (12.5         | )%     | $      | 479.7 |   |
| Less: Gas      purchased for resale |   |   |   |   |   |   |   |   |   |   | 282.9 |   | (17.6         | )%     |   | 343.5 |   |
|      Margin     |   |   |   |   |   |   |   |   |   | $      | 136.9 |   | 0.5           | %      | $      | 136.2 |   |

| Millions      of dollars    |   |   |   |   |   |   |   |   |   |   | 2009 |   | %      Change |   |   | 2008 |   |
|-----------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|------|--------|---------------|--------|--------|------|--------|
| Transportation      revenue |   |   |   |   |   |   |   |   |   | $      | 13.1 |   | 1.6           | %      | $      | 12.9 |   |

|   | Transportation      revenue increased primarily due to customer  growth. |
|--------|--------------------------------------------------------------------------|

| Millions      of dollars |   |   |   |   |   |   |   |   |   |   | 2009  |   | %      Change |   |   | 2008  |   |
|--------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|--------|---------------|--------|--------|-------|--------|
| Operating      revenues  |   |   |   |   |   |   |   |   |   | $      | 227.8 |   | (14.0         | )%     | $      | 265.0 |   |
| Net      income          |   |   |   |   |   |   |   |   |   |   | 21.9  |   | 1.9           | %      |   | 21.5  |   |

| Millions      of dollars |   |   |   |   |   |   |   |   |   |   | 2009  |    | %      Change |   |   | 2008  |   |
|--------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|---------|---------------|--------|--------|-------|--------|
| Operating      revenues  |   |   |   |   |   |   |   |   |   | $      | 238.0 |    | (35.3         | )%     | $      | 368.1 |   |
| Net      loss            |   |   |   |   |   |   |   |   |   |   | (0.2  | )  | 33.3          | %      |   | (0.3  | )      |

| Millions      of dollars             |   |   |   |   |   |   |   |   |   |   | 2009  |   | %      Change |   |   | 2008  |   |
|--------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|--------|---------------|--------|--------|-------|--------|
| Other      operation and maintenance |   |   |   |   |   |   |   |   |   | $      | 158.5 |   | (10.6         | )%     | $      | 177.3 |   |
| Depreciation      and amortization   |   |   |   |   |   |   |   |   |   |   | 82.7  |   | 3.9           | %      |   | 79.6  |   |
| Other      taxes                     |   |   |   |   |   |   |   |   |   |   | 45.2  |   | 3.2           | %      |   | 43.8  |   |

Table of Contents

| Millions      of dollars                                            |   | 2009                            |   | 2008                                  |   |
|---------------------------------------------------------------------|--------|---------------------------------|--------|---------------------------------------|--------|
|                                                                |   |                            |   |                                  |   |
| Income      Statement Impact:                                       |   |                            |   |                                  |   |
|   Reduction      in employee benefit costs                | $      |      - | $      | (0.1)                                 |   |
|   Other      income                                       |   | (0.9)                           |   | (3.6)                                 |   |
| Balance      Sheet Impact:                                          |   |                            |   |                                  |   |
|   Increase      (reduction) in capital expenditures       |   |     2.2     |   | (0.1)                                 |   |
|   Component      of amount due to Summer Station co-owner |   |     0.6     |   | (0.1)                                 |   |
|   Regulatory      asset                                   |   |     7.8     |   |       - |   |
| Total      Pension Expense (Income)                                 | $      |     9.7     | $      | (3.9)                                 |   |

Table of Contents

|                                                                                                                           |   | SCANA          | SCE&G (c) |              | PSNC Energy(c) |   |
|--------------------------------------------------------------------------------------------------------------------------------|--------|----------------|--------------------|-------------------|---------------------|--------|
|                                                                                                                           |   | March      31, |               | December      31, |                |   | March      31, |   |   | December      31, |   | March      31, | December      31, |   |
| Millions      of dollars                                                                                                       |   | 2009           |               | 2008              |                |   | 2009 |   |   | 2008 |   | 2009 | 2008 |   |
| Lines      of credit:                                                                                                          |   |           |               |              |                |   |   |   |   |   |   |   |   |   |
|   Committed      long-term (expire    December      2011)                                        |   |           |               |              |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total                                                                                                  | $      | 200            |               | $                 | 200                 |   | $ | 650 |   | $ | 650 |   | $ | 250 |   | $ | 250 |   |
|     Outstanding      bank loans                                                                            |   | 15             |               |              | 15                  |   |   | 280 |   |   | 285 |   |   | 156 |   |   | 156 |   |
|     Weighted      average interest rate                                                                    |   | .78            | %                  |              | 2.17                | %      |   | .73 | % |   | 1.61 | % |   | .73 | % |   | 1.72 | % |
|     Outstanding      commercial paper      (270 or fewer      days) (a) |   | -              |               |              | -                   |   |   | 93 |   |   | 34 |   |   | 14 |   |   | 46 |   |
|     Weighted      average interest rate                                                                    |   | -              |               |              | -                   |   |   | 1.13 | % |   | 5.69 | % |   | 1.21 | % |   | 6.15 | % |
|        Letter of Credit Supported by LOC                                                                                  |   |  3        |               |              |  -             |   |   |  - |   |   |  - |   |   |  - |   |   |  - |   |
|        Available                                                                                                          |   |  182      |               |              |  185           |   |   |  277 |   |   |  331 |   |   |  80 |   |   |  48 |   |
|   Uncommitted      (b      ):                                                                                        |   |           |               |              |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Total                                                                                | $      | 78             |               | $                 | 78                  |   |   | - |   |   | - |   |   | - |   |   | - |   |
|        Used                                                                                 |   | -              |               |              | -                   |   |   | - |   |   | - |   |   | - |   |   | - |   |
|     Weighted      average interest rate                                                                    |   | -              |               |              | -                   |   |   | - |   |   | - |   |   | - |   |   | - |   |

| (c)   |            SCE&G, Fuel Company and PSNC Energy may issue commercial paper in      the amounts of up to $350 million,       $250      million and $250 million,respectively. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Table of Contents

ITEM 3. 

| Expected      Maturity:                                |                                |      |   |                     |         |                  |
|--------------------------------------------------------|-------------------------------------|-----------|--------|--------------------------|--------------|-----------------------|
|                                                   |         Futures Contracts |      |   | Options                  |
|                                                   |                                |      |   | Purchased      Call      | PurchasedPut | PurchasedPut          | SoldPut | SoldCall |   |
| 2009                                                   | Long                                | Short     |   |                     | (Long)       | (Short)               | (Long) | (Long) | (Short) |   |
| Settlement      Price (a)                              | 4.13                                | 3.86      |   | Strike      Price (a)    | 8.87         | 7.29                  | 8.03 | 6.43 | 9.08 |   |
| Contract      Amount (b)                               | 23.0                                |  0.4 |   | Contract      Amount (b) | 25.9         |  4.3             |  7.2 |  1.7 |  3.0 |   |
| Fair      Value (b)                                    | 12.4                                |  0.2 |   | Fair      Value (b)      |  0.3    |  2.0   |  (3.7) |  (0.6) |    - |   |
|                                                   |                                |      |   |                     |         |                  |   |   |   |   |
| 2010                                                   |                                |      |   |                     |         |                  |   |   |   |   |
| Settlement      Price (a)                              | 5.82                                | -         |   | Strike      Price (a)    | 8.46         | 6.45                  |    - | 6.45 | 10.62 |   |
| Contract      Amount (b)                               |  0.8                           | -         |   | Contract      Amount (b) | 22.6         |  1.0             |    - |  1.0 |    3.4 |   |
| Fair      Value (b)                                    |  0.7                           | -         |   | Fair      Value (b)      |  0.9    |  (0.2)           |    - |  (0.2) |    (0.1) |   |
|                                                   |                                |      |   |                     |         |                  |   |   |   |   |
| (a) Weighted      average, in dollars   |                                |      |   |                     |         |                  |   |   |
| (b) Millions      of dollars                      |                                |      |   |                     |         |                  |   |   |   |   |

| Swaps                                            | 2009   |  2010 |  2011 | 2012   | 2013   |
|--------------------------------------------------|--------|------------|------------|--------|--------|
| Commodity      Swaps:                            |   |       |       |   |   |
| Pay      fixed/receive variable (b)              | 113.4  | 48.1       | 11.2       | 4.7    | 3.7    |
| Average      pay rate (a)                        | 7.473  | 7.196      | 7.460      | 7.730  | 7.845  |
| Average      received rate (a)                   | 4.370  | 5.884      | 6.740      | 6.954  | 7.121  |
| Fair      value (b)                              | 66.3   | 39.3       | 10.1       | 4.3    | 3.3    |
|                                             |   |       |       |   |   |
| Pay      variable/receive fixed (b)              | 0.1    | -          | -          | -      | -      |
| Average      pay rate (a)                        | 4.348  | -          | -          | -      | -      |
| Average      received rate (a)                   | 7.330  | -          | -          | -      | -      |
| Fair      value (b)                              | 0.1    | -          | -          | -      | -      |
|                                             |   |       |       |   |   |
| Basis      Swaps:                                |   |       |       |   |   |
| Pay      variable/receive variable (b)           | 74.3   | 30.9       | 5.2        | 3.3    | 3.4    |
| Average      pay rate (a)                        | 4.306  | 5.916      | 6.848      | 7.054  | 7.211  |
| Average      received rate (a)                   | 4.226  | 5.798      | 6.710      | 6.898  | 7.055  |
| Fair      value (b)                              | 73.0   | 30.3       | 5.1        | 3.2    | 3.3    |
|                                             |   |       |       |   |   |
| (a) Weighted      average, in dollars  |   |       |       |   |   |
| (b)  Millions      of dollars          |   |       |       |   |   |

Table of Contents

ITEM 4.

Table of Contents

FINANCIAL SECTION

Table of Contents

BALANCE SHEETS

|                                                                                                |   | March      31, |   | December      31, |   |
|-----------------------------------------------------------------------------------------------------|--------|----------------|--------|-------------------|--------|
| Millions      of dollars                                                                            |   | 2009           |   | 2008              |   |
| Assets                                                                                              |   |           |   |              |   |   |   |
|                                                                                                |   |           |   |              |   |   |   |
| Utility      Plant In Service                                                                       |   | $              | 8,992  |              | $      | 8,918 |   |
| Accumulated      Depreciation and Amortization                                                      |   |           | (2,841 | )                 |   | (2,794 | ) |
| Construction      Work in Progress                                                                  |   |           | 806    |              |   | 704 |   |
| Nuclear      Fuel, Net of Accumulated Amortization                                                  |   |           | 83     |              |   | 77 |   |
| Utility      Plant, Net                                                                             |   |           | 7,040  |              |   | 6,905 |   |
|                                                                                                |   |           |   |              |   |   |   |
| Nonutility      Property and Investments:                                                           |   |           |   |              |   |   |   |
|   Nonutility      property, net of accumulated depreciation                               |   |           | 46     |              |   | 46 |   |
|        Assets held in trust, net - nuclear decommissioning                                     |   |           | 55     |              |   | 54 |   |
|        Nonutility Property and Investments, Net                                                |   |           | 101    |              |   | 100 |   |
|                                                                                                |   |           |   |              |   |   |   |
| Current      Assets:                                                                                |   |           |   |              |   |   |   |
|        Cash and cash equivalents                                                               |   |           | 218    |              |   | 119 |   |
|        Receivables, net of allowance for uncollectible accounts of $3 and $3         |   |           | 350    |              |   | 483 |   |
|        Receivables - affiliated companies                                                      |   |           | 2      |              |   | 23 |   |
|        Inventories (at average cost):                                                          |   |           |   |              |   |   |   |
|          Fuel and gas supply                                                         |   |           | 181    |              |   | 172 |   |
|          Materials and supplies                                                      |   |           | 99     |              |   | 100 |   |
|          Emission allowances                                                         |   |           | 14     |              |   | 15 |   |
|   Prepayments      and other                                                              |   |           | 88     |              |   | 155 |   |
|        Total Current Assets                                                                    |   |           | 952    |              |   | 1,067 |   |
|                                                                                                |   |           |   |              |   |   |   |
| Deferred      Debits and Other Assets:                                                              |   |           |   |              |   |   |   |
|        Regulatory assets                                                                       |   |           | 976    |              |   | 854 |   |
|        Other                                                                                   |   |           | 132    |              |   | 126 |   |
|        Total Deferred Debits and Other Assets                                                  |   |           | 1,108  |              |   | 980 |   |
| Total                                                                                               |   | $              | 9,201  |              | $      | 9,052 |   |

Table of Contents

|                                                                |   | March      31, |   |  December      31, |   |
|---------------------------------------------------------------------|--------|----------------|--------|-------------------------|--------|
| Millions      of dollars                                            |   | 2009           |   | 2008                    |   |
| Capitalization      and Liabilities                                 |   |           |   |                    |   |   |   |
|                                                                |   |           |   |                    |   |   |   |
| Common      equity                                                  |   | $              | 2,824  |                    | $      | 2,704 |   |
| Noncontrolling      interest                                        |   |           | 95     |                    |   | 95 |   |
|   Total      Equity                                       |   |           | 2,919  |                    |   | 2,799 |   |
| Preferred      Stock, net (Not subject to purchase or sinkingfunds) |   |           | 106    |                    |   | 106 |   |
| Preferred      Stock, net (Subject to purchase or sinking funds)    |   |           | 7      |                    |   | 7 |   |
| Long-Term      Debt, net                                            |   |           | 3,197  |                    |   | 3,033 |   |
| Total      Capitalization                                           |   |           | 6,229  |                    |   | 5,945 |   |
|                                                                |   |           |   |                    |   |   |   |
| Current      Liabilities:                                           |   |           |   |                    |   |   |   |
|        Short-term borrowings                                   |   |           | 92     |                    |   | 34 |   |
|        Current portion of long-term debt                       |   |           | 46     |                    |   | 140 |   |
|   Accounts      Payable                                   |   |           | 159    |                    |   | 187 |   |
|   Affiliated      Payables                                |   |           | 87     |                    |   | 80 |   |
|        Customer deposits and customer prepayments              |   |           | 46     |                    |   | 56 |   |
|        Taxes accrued                                           |   |           | 34     |                    |   | 120 |   |
|        Interest accrued                                        |   |           | 47     |                    |   | 50 |   |
|        Dividends declared                                      |   |           | 45     |                    |   | 44 |   |
|   Derivative      liabilities                             |   |           | 41     |                    |   | 55 |   |
|        Other                                                   |   |           | 25     |                    |   | 28 |   |
|        Total Current Liabilities                               |   |           | 622    |                    |   | 794 |   |
|                                                                |   |           |   |                    |   |   |   |
| Deferred      Credits and Other Liabilities:                        |   |           |   |                    |   |   |   |
|        Deferred income taxes, net                              |   |           | 908    |                    |   | 890 |   |
|        Deferred investment tax credits                         |   |           | 102    |                    |   | 102 |   |
|        Asset retirement obligations                            |   |           | 443    |                    |   | 437 |   |
|        Due to parent - postretirement and other benefits       |   |           | 238    |                    |   | 236 |   |
|        Regulatory liabilities                                  |   |           | 623    |                    |   | 608 |   |
|        Other                                                   |   |           | 36     |                    |   | 40 |   |
|        Total Deferred Credits and Other Liabilities            |   |           | 2,350  |                    |   | 2,313 |   |
|  Commitments      and Contingencies (Note 7)                   |   |           |   |                    |   | - |   |
|  Total                                                         |   | $              | 9,201  |                    | $      | 9,052 |   |

Table of Contents

INCOME

|                                                                          |   |   |   |   | Three Months      Ended |   |
|-------------------------------------------------------------------------------|--------|--------|--------|--------|------------------------------|--------|
|                                                                          |   |   |   |   | March      31,               |   |
| Millions      of dollars                                                      |   |   |   |   |                         |   |   |   | 2009 |   |   | 2008 |   |
| Operating      Revenues:                                                      |   |   |   |   |                         |   |   |   |   |   |   |   |   |
|        Electric                                                          |   |   |   |   |                         |   |   | $ | 500 |   | $ | 491 |   |
|        Gas                                                               |   |   |   |   |                         |   |   |   | 157 |   |   | 202 |   |
|        Total Operating Revenues                                          |   |   |   |   |                         |   |   |   | 657 |   |   | 693 |   |
|                                                                          |   |   |   |   |                         |   |   |   |   |   |   |   |   |
| Operating      Expenses:                                                      |   |   |   |   |                         |   |   |   |   |   |   |   |   |
|        Fuel used in electric generation                                  |   |   |   |   |                         |   |   |   | 186 |   |   | 177 |   |
|        Purchased power                                                   |   |   |   |   |                         |   |   |   | 5 |   |   | 5 |   |
|   Gas      purchased for resale                                     |   |   |   |   |                         |   |   |   | 105 |   |   | 149 |   |
|        Other operation and maintenance                                   |   |   |   |   |                         |   |   |   | 124 |   |   | 129 |   |
|        Depreciation and amortization                                     |   |   |   |   |                         |   |   |   | 68 |   |   | 68 |   |
|        Other taxes                                                       |   |   |   |   |                         |   |   |   | 41 |   |   | 40 |   |
|        Total Operating Expenses                                          |   |   |   |   |                         |   |   |   | 529 |   |   | 568 |   |
|                                                                          |   |   |   |   |                         |   |   |   |   |   |   |   |   |
| Operating      Income                                                         |   |   |   |   |                         |   |   |   | 128 |   |   | 125 |   |
|                                                                          |   |   |   |   |                         |   |   |   |   |   |   |   |   |
| Other      Income (Expense):                                                  |   |   |   |   |                         |   |   |   |   |   |   |   |   |
|        Other income                                                      |   |   |   |   |                         |   |   |   | 3 |   |   | 7 |   |
|        Other expenses                                                    |   |   |   |   |                         |   |   |   | (3 | ) |   | (3 | ) |
|        Interest charges, net of allowance for borrowedfunds              |   |   |   |   |                         |   |   |   |   |   |   |   |   |
|           used during construction of $5 and $3           |   |   |   |   |                         |   |   |   | (40 | ) |   | (36 | ) |
|   Allowance      for equity funds used during construction          |   |   |   |   |                         |   |   |   | 7 |   |   | 2 |   |
| Total      Other Expense                                                      |   |   |   |   |                         |   |   |   | (33 | ) |   | (30 | ) |
|                                                                          |   |   |   |   |                         |   |   |   |   |   |   |   |   |
| Income      Before Income Tax Expense and Preferred Stock      Dividends |   |   |   |   |                         |   |   |   | 95 |   |   | 95 |   |
| Income      Tax Expense                                                       |   |   |   |   |                         |   |   |   | 31 |   |   | 34 |   |
|                                                                          |   |   |   |   |                         |   |   |   |   |   |   |   |   |
| Net      Income                                                               |   |   |   |   |                         |   |   |   | 64 |   |   | 61 |   |
| Less      Net Income Attributable to Noncontrolling Interest                  |   |   |   |   |                         |   |   |   | 2 |   |   | 2 |   |
|                                                                          |   |   |   |   |                         |   |   |   |   |   |   |   |   |
| Net      Income Attributable to SCE&G                                     |   |   |   |   |                         |   |   |   | 62 |   |   | 59 |   |
| Preferred      Stock Cash Dividends Declared                                  |   |   |   |   |                         |   |   |   | 2 |   |   | 2 |   |
|                                                                          |   |   |   |   |                         |   |   |   |   |   |   |   |   |
| Earnings      Available for Common Shareholder                                |   |   |   |   |                         |   |   | $ | 60 |   | $ | 57 |   |
|                                                                          |   |   |   |   |                         |   |   |   |   |   |   |   |   |
| See      Notes to Condensed Consolidated FinancialStatements.                 |   |   |   |   |                         |   |   |   |   |   |   |   |   |

Table of Contents

CASH FLOWS

|                                                                                                                                                          |   | Three Months      Ended |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|--------|
|                                                                                                                                                          |   | March      31,               |   |
| Millions      of dollars                                                                                                                                      |   |                         | 2009   |   |   | 2008 |   |
| Cash      Flows From Operating Activities:                                                                                                                    |   |                         |   |   |   |   |   |
|        Net income                                                                                                                                        |   | $                            | 64     |   | $ | 61 |   |
|        Adjustments to Reconcile Net Income to Net Cash Provided From Operating      Activities:                                                          |   |                         |   |   |   |   |   |
|          Depreciation and amortization                                                                                                         |   |                         | 68     |   |   | 68 |   |
|          Amortization of nuclear fuel                                                                                                          |   |                         | 5      |   |   | 5 |   |
|     Allowance      for equity funds used during construction                                                                              |   |                         | (7     | ) |   | (1 | ) |
|          Carrying cost recovery                                                                                                                |   |                         | (1     | ) |   | (1 | ) |
|          Cash provided (used) by changes in certain assets and      liabilities:                                                               |   |                         |   |   |   |   |   |
|            Receivables                                                                                                               |   |                         | 174    |   |   | 7 |   |
|            Inventories                                                                                                               |   |                         | (18    | ) |   | 11 |   |
|            Prepayments                                                                                                               |   |                         | 58     |   |   | (17 | ) |
|            Due to (from) parent - pension and other postretirement      benefits                                                     |   |                         | 7      |   |   | (7 | ) |
|            Other regulatory assets                                                                                                   |   |                         | (192   | ) |   | (3 | ) |
|            Deferred income taxes, net                                                                                                |   |                         | 17     |   |   | 16 |   |
|            Regulatory liabilities                                                                                                    |   |                         | 20     |   |   | 29 |   |
|       Accounts      payable                                                                                                     |   |                         | (12    | ) |   | 25 |   |
|            Taxes accrued                                                                                                             |   |                         | (86    | ) |   | (65 | ) |
|            Interest accrued                                                                                                          |   |                         | (3     | ) |   | - |   |
|    Changes      in fuel adjustment clauses                                                                                                     |   |                         | 8      |   |   | (12 | ) |
|         Changes in other assets                                                                                                                     |   |                         | (4     | ) |   | - |   |
|         Changes in other liabilities                                                                                                                |   |                         | (16    | ) |   | (17 | ) |
|  Net      Cash Provided From Operating Activities                                                                                                        |   |                         | 82     |   |   | 99 |   |
|  Cash      Flows From Investing Activities:                                                                                                              |   |                         |   |   |   |   |   |
|  Utility      property additions and construction expenditures                                                                                           |   |                         | (194   | ) |   | (162 | ) |
|  Proceeds      from sale of assets                                                                                                                       |   |                         | -      |   |   | 1 |   |
|  Short-term      investments - affiliate                                                                                                       |   |                         | 17     |   |   | - |   |
|  Net      Cash Used For Investing Activities                                                                                                             |   |                         | (177   | ) |   | (161 | ) |
|  Cash      Flows From Financing Activities:                                                                                                              |   |                         |   |   |   |   |   |
|   Proceeds      from issuance of long-term debt                                                                                                     |   |                         | 185    |   |   | 248 |   |
|        Repayment of debt                                                                                                                                 |   |                         | (105   | ) |   | (2 | ) |
|        Dividends                                                                                                                                         |   |                         | (44    | ) |   | (36 | ) |
|        Contribution from parent                                                                                                                          |   |                         | 100    |   |   | 9 |   |
|        Short-term borrowings - affiliate, net                                                                                                            |   |                         | -      |   |   | 36 |   |
|        Short-term borrowings, net                                                                                                                        |   |                         | 58     |   |   | (202 | ) |
|        Net Cash Provided From Financing Activities                                                                                                       |   |                         | 194    |   |   | 53 |   |
| Net      Increase (Decrease) In Cash and Cash Equivalents                                                                                                     |   |                         | 99     |   |   | (9 |  ) |
| Cash      and Cash Equivalents, January 1                                                                                                                     |   |                         | 119    |   |   | 41 |   |
| Cash      and Cash Equivalents, March 31                                                                                                                 |   | $                            | 218    |   | $ | 32 |   |
|  Supplemental      Cash Flow Information:                                                                                                                |   |                         |   |   |   |   |   |
|        Cash paid for - Interest (net of capitalized interest of $5 and      $3)                                                                          |   | $                            | 39     |   | $ | 29 |   |
|                        -      Income taxes |   |                         | -      |   |   | - |   |
|   Noncash      Investing and Financing Activities:                                                                                                  |   |                         |   |   |   |   |   |
|        Accrued construction expenditures                                                                                                                 |   |                         | 68     |   |   | 76 |   |
|   See      Notes to Condensed Consolidated FinancialStatements.                                                                                     |   |                         |   |   |   |   |   |

Table of Contents

NOTES

|                                                           |   | March      31, |   |   | December      31, |   |
|----------------------------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
| Millions      of dollars                                       |   | 2009           |   |   | 2008              |   |
| Regulatory      Assets:                                        |   |           |   |   |              |   |
| Accumulated      deferred income taxes                         |   | $              | 166    |   |              | $      | 166 |   |
| Under      collections – electric fuel adjustment clause |   |           | 90     |   |              |   | - |   |
| Environmental      remediation costs                           |   |           | 19     |   |              |   | 19 |   |
| Asset      retirement obligations and related funding          |   |           | 258    |   |              |   | 250 |   |
| Franchise      agreements                                      |   |           | 49     |   |              |   | 50 |   |
| Deferred      employee benefit plan costs                      |   |           | 327    |   |              |   | 325 |   |
| Other                                                          |   |           | 67     |   |              |   | 44 |   |
| Total      Regulatory Assets                                   |   | $              | 976    |   |              | $      | 854 |   |

| Regulatory      Liabilities:           |   |   |   |   |   |   |
|----------------------------------------|--------|--------|--------|--------|--------|--------|
| Accumulated      deferred income taxes |   | $      | 29     |   |   | $      | 30 |   |
| Other      asset removal costs         |   |   | 512    |   |   |   | 503 |   |
| Storm      damage reserve              |   |   | 49     |   |   |   | 48 |   |
| Planned      major maintenance         |   |   | 12     |   |   |   | 11 |   |
| Other                                  |   |   | 21     |   |   |   | 16 |   |
| Total      Regulatory Liabilities      |   | $      | 623    |   |   | $      | 608 |   |

Table of Contents

Table of Contents

Table of Contents

|                                                                                                                           |   |   | SCE&G (c) |   |
|--------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------|--------|
|                                                                                                                           |   |   |               |   |   |   | March      31, |   |   | December      31, |   |
| Millions      of dollars                                                                                                       |   |   |               |   |   |   | 2009 |   |   | 2008 |   |
| Lines      of credit:                                                                                                          |   |   |               |   |   |   |   |   |   |   |   |
|   Committed      long-term (expire    December      2011)                                        |   |   |               |   |   |   |   |   |   |   |   |   |
|     Total                                                                                                  |   |   |               |   |   |   | $ | 650 |   | $ | 650 |   |
|     Outstanding      bank loans                                                                            |   |   |               |   |   |   |   | 280 |   |   | 285 |   |
|     Weighted      average interest rate                                                                    |   |   |               |   |   |   |   | .73 | % |   | 1.61 | % |
|     Outstanding      commercial paper      (270 or fewer      days) (a) |   |   |               |   |   |   |   | 93 |   |   | 34 |   |
|     Weighted      average interest rate                                                                    |   |   |               |   |   |   |   | 1.13 | % |   | 5.69 | % |
|   Uncommitted      (b      ):                                                                                        |   |   |               |   |   |   |   |   |   |   |   |   |
|        Total                                                                                |   |   |               |   |   |   | $ | 78 |   | $ | 78 |   |
|        Used                                                                                 |   |   |               |   |   |   |   | - |   |   | - |   |
|     Weighted      average interest rate                                                                    |   |   |               |   |   |   |   | - |   |   | - |   |

Table of Contents

|  In      Millions                                              |   |   | CommonEquity                 |   |   | NoncontrollingInterest |   |   | TotalEquity            |   |
|---------------------------------------------------------------------|--------|--------|------------------------------|--------|--------|------------------------|--------|--------|------------------------|--------|
| Balance      at December 31, 2008                                   |   | $      |  2,704                  |   | $      |  95               |   | $      | 2,799                  |   |
|      Capital      contribution from parent |   |   |    101        |   |   |   -          |   |   |   101        |   |
|      Dividends      declared               |   |   |     (41) |   |   |   (2)        |   |   |    (43) |   |
|      Net      income                       |   |   |     62   |   |   |   2          |   |   |    64   |   |
| Balance      as of March 31, 2009                                   |   | $      |  2,826                  |   | $      |  95               |   | $      | 2,921                  |   |

| Balance      at December 31, 2007                                   |   | $      |  2,622                  |   | $      |  89        |   | $      | 2,711                     |   |
|---------------------------------------------------------------------|--------|--------|------------------------------|--------|--------|-----------------|--------|--------|---------------------------|--------|
|      Capital      contribution from parent |   |   |     6    |   |   |   2   |   |   |     8 |   |
|      Dividends      declared               |   |   |     (40) |   |   |   (2) |   |   |    (42)    |   |
|      Net      income                       |   |   |     59   |   |   |   2   |   |   |    61      |   |
| Balance      as of March 31, 2008                                   |   | $      |  2,647                  |   | $      |  91        |   | $      | 2,738                     |   |

Table of Contents

|                                                                  | Fair      Values of Derivative Instruments |
|-----------------------------------------------------------------------|--------------------------------------------|
|                                                                  |                                       |   |   |
|                                                                  | Asset      Derivatives                     |   | Liability      Derivatives |
| As      of March 31, 2009                                             |                                       | Balance      Sheet |   |   | Fair |   | Balance      Sheet |   |   | Fair |
| Millions      of dollars                                              |                                       | Location |   |   | Value |   | Location |   |   | Value |
| Derivatives      designated as hedging                                |                                       |   |   |   |   |   |   |   |   |   |
| instruments      under SFAS 133                                       |                                       |   |   |   |   |   |   |   |   |   |
|   Interest      rate contracts                              |                                       | Other      deferred debits |   | $ | 3 |   | Other      current liabilities |   | $ | 29 |
|                                                                  |                                       |   |   |   |   |   | Other      deferred credits |   |   | 2 |
|   Total                                                     |                                       |   |   | $ | 3 |   |   |   | $ | 31 |
|                                                                  |                                       |   |   |   |   |   |   |   |   |   |
| Derivatives      not designated as hedging instruments under SFAS 133 |                                       |   |   |   |   |   |  Accounts      receivables |   |   |  2 |
|   Commodity      contracts                                  |                                       | Prepayments      and other |   |   | 4 |   | Derivative      liabilities |   |   | 12 |
| Total                                                                 |                                       |   |   | $ | 4 |   |   |   | $ | 14 |

|                                 |   |   |                         |   |                             |   |   |   |   |
|--------------------------------------|--------|--------|------------------------------|--------|----------------------------------|--------|--------|--------|--------|
|                                 |   |   | Gain      or (Loss) Deferred |   | Gain      or (Loss) Reclassified |   |
|                                 |   |   | in      Regulatory Accounts  |   | from      Deferred Accounts      |   |
| Derivatives      in SFAS 133    |   |   | (Effective      Portion)     |   | (Effective      Portion)         |   |
| Cash      Flow Hedging Relationships |   |   | 2009                         |   | Location                         |   |   | Amount |   |
| Interest      rate contracts         |   | $      | 20                           |   | Interest      expense            |   | $      | (1)    |   |
| Total                                |   | $      | 20                           |   |                             |   | $      | (1)    |   |

| Derivatives      Not Designated as      |   | Gain      or (Loss) Recognized in Income |
|-----------------------------------------|--------|------------------------------------------|
| Hedging      Instruments under SFAS 133 |   | Location                                 |   |   | Amount |
| Commodity      contracts                |   | Gas      purchased for resale            |   | $ | (3) |
| Total                                   |   |                                     |   | $ | (3) |

Table of Contents

|                                      |   |   | Fair      Value Measurements Using |   |
|-------------------------------------------|--------|--------|------------------------------------|--------|
|                                      |   |   | Quoted      Prices in Active       |   |   | Significant      Other |   |
|                                      |   |   | Markets      for Identical Assets  |   |   | Observable      Inputs |   |
| Millions      of dollars                  |   |   | (Level      1)                     |   |   | (Level      2) |   |
| As      of March 31, 2009                 |   |   |                               |   |   |   |   |
| Assets      - Derivative instruments      |   | $      | 3                                  | $      |   | 19 |   |
| Liabilities      - Derivative instruments |   |   | 1                                  |   |   | 45 |   |
|                                      |   |   |                               |   |   |   |   |
| As      of December 31, 2008         |   |   |                               |   |   |   |   |
| Assets      - Derivative instruments      |   |   | 6                                  |   |   | 14 |   |
| Liabilities      - Derivative instruments |   |   | 2                                  |   |   | 60 |   |

Table of Contents

Table of Contents

|                                   |   |     |   |      |   | Earnings          |   |    |   |
|----------------------------------------|--------|----------|--------|-----------|--------|-------------------|--------|---------|--------|
|                                   |   |     |   | Operating |   | Available      to |   |    |   |
|                                   |   | External |   | Income    |   | Common            |   | Segment |   |
| Millions      of Dollars               |   | Revenue  |   | (Loss)    |   | Shareholder       |   | Assets  |   |
| Three      Months Ended March 31, 2009 |   |     |   |      |   |              |   |    |   |
| Electric      Operations               |   | $        | 500    |      | $      | 102               |   |    |   |   |   $ |   6,720 |   |
| Gas      Distribution                  |   |     | 157    |      |   | 27                |   |    |   |   |   |   537 |   |
| All      Other                         |   |     | -      |      |   | -                 |   | $       | -      |   |   |   - |   |
| Adjustments/Eliminations               |   |     | -      |      |   | (1                | )      |    | 60     |   |   |   1,944 |   |
| Consolidated      Total                |   | $        | 657    |      | $      | 128               |   | $       | 60     |   |   $ |   9,201 |   |

| Three      Months Ended March 31, 2008 |   |   |   |   |   |   |   |   |   |
|----------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Electric      Operations               |   | $      | 491    |   | $      | 98     |   |   | n/a    |   | $ | 5,996  |   |
| Gas      Distribution                  |   |   | 202    |   |   | 29     |   |   | n/a    |   |   | 490  |   |
| All      Other                         |   |   | -      |   |   | -      |   | $      | -      |   |   | -  |   |
| Adjustments/Eliminations               |   |   | -      |   |   | (2     | )      |   | 57     |   |   | 1,563  |   |
| Consolidated      Total                |   | $      | 693    |   | $      | 125    |   | $      | 57     |   | $ | 8,049  |   |

Table of Contents

ITEM 2.

|  Millions      of dollars                  |   |   |   |   |   |   | 2009    |   |   | 2008 |   |
|-------------------------------------------------|--------|--------|--------|--------|--------|--------|---------|--------|--------|------|--------|
|  Net      income attributable to SCE&G |   |   |   |   |   |   |  $ | 61.8   |   | $    | 58.9   |   |

| Declaration      Date  |   |   Amount | Quarter      Ended  | Payment      Date  |
|------------------------|--------|--------------------|---------------------|--------------------|
| February      19, 2009 | $      | 40.7      million  | March      31, 2009 | April      1, 2009 |
| April      23, 2009    |   | 43.0      million  | June      30, 2009  | July      1, 2009  |

| Millions      of dollars                                              |   |   |   |   |   |   |   |   |   |   | 2009  |   | %      Change |   |   | 2008  |   |
|-----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|--------|---------------|--------|--------|-------|--------|
| Operating      revenues                                               |   |   |   |   |   |   |   |   |   | $      | 500.1 |   | 1.9           | %      | $      | 491.0 |   |
| Less:      Fuel used in electric generation                           |   |   |   |   |   |   |   |   |   |   | 186.1 |   | 5.2           | %      |   | 176.9 |   |
|               Purchased power |   |   |   |   |   |   |   |   |   |   | 4.9   |   | 4.3           | %      |   | 4.7   |   |
| Margin                                                                |   |   |   |   |   |   |   |   |   | $      | 309.1 |   | (0.1          | )%     | $      | 309.4 |   |

| Millions      of dollars            |   |   |   |   |   |   |   |   |   |   | 2009  |   | %      Change |   |   | 2008  |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|--------|---------------|--------|--------|-------|--------|
| Operating      revenues             |   |   |   |   |   |   |   |   |   | $      | 156.8 |   | (22.5         | )%     | $      | 202.3 |   |
| Less:      Gas purchased for resale |   |   |   |   |   |   |   |   |   |   | 105.3 |   | (29.4         | )%     |   | 149.2 |   |
| Margin                              |   |   |   |   |   |   |   |   |   | $      | 51.5  |   | (3.0          | )%     | $      | 53.1  |   |

Table of Contents

| Millions      of dollars             |   |   |   |   |   |   |   |   |   |   | 2009  |   | %      Change |   |   | 2008  |   |
|--------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|--------|---------------|--------|--------|-------|--------|
| Other      operation and maintenance |   |   |   |   |   |   |   |   |   | $      | 123.5 |   | (4.6          | )%     | $      | 129.5 |   |
| Depreciation      and amortization   |   |   |   |   |   |   |   |   |   |   | 67.8  |   | (0.3          | )%     |   | 68.0  |   |
| Other      taxes                     |   |   |   |   |   |   |   |   |   |   | 41.1  |   | 2.5           | %      |   | 40.1  |   |

| Millions      of dollars                                            |   | 2009   |   |   | 2008   |   |
|---------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                |   |   |   |   |   |   |
| Income      Statement Impact:                                       |   |   |   |   |   |   |
|   Reduction      in employee benefit costs                |   | $      | (1.1   | )      |   | $      | (0.6 | ) |
|   Other      income                                       |   |   | (1.0   | )      |   |   | (3.7 | ) |
| Balance      Sheet Impact:                                          |   |   |   |   |   |   |   |   |
|   Increase      (reduction) in capital expenditures       |   |   | 2.1    |   |   |   | (0.2 | ) |
|   Component      of amount due to Summer Station co-owner |   |   | 0.6    |   |   |   | (0.1 | ) |
|   Regulatory      asset                                   |   |   | 7.8    |   |   |   | - |   |
| Total      Pension Expense (Income)                                 |   | $      | 8.4    |   |   | $      | (4.6 | ) |

Table of Contents

|                                                                                                                           |   |   | SCE&G (c) |
|--------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------|
|                                                                                                                           |   |   |               |   |   |   | March      31, |   |   | December      31, |   |
| Millions      of dollars                                                                                                       |   |   |               |   |   |   | 2009 |   |   | 2008 |   |
| Lines      of credit:                                                                                                          |   |   |               |   |   |   |   |   |   |   |   |
|   Committed      long-term (expire December 2011)                                                                    |   |   |               |   |   |   |   |   |   |   |   |   |
|     Total                                                                                                  |   |   |               |   |   |   | $ | 650 |   | $ | 650 |   |
|     Outstanding      bank loans                                                                            |   |   |               |   |   |   |   | 280 |   |   | 285 |   |
|     Weighted      average interest rate                                                                    |   |   |               |   |   |   |   | .73 | % |   | 1.61 | % |
|     Outstanding      commercial paper      (270 or fewer      days) (a) |   |   |               |   |   |   |   | 93 |   |   | 34 |   |
|     Weighted      average interest rate                                                                    |   |   |               |   |   |   |   | 1.13 | % |   | 5.69 | % |
|   Uncommitted      (b      ):                                                                                        |   |   |               |   |   |   |   |   |   |   |   |   |
|        Total                                                                                |   |   |               |   |   |   | $ | 78 |   | $ | 78 |   |
|        Used                                                                                 |   |   |               |   |   |   |   | - |   |   | - |   |
|     Weighted      average interest rate                                                                    |   |   |               |   |   |   |   | - |   |   | - |   |

ITEM 3.

|  Expected      Maturity:                    |                   |   |                           |                       |               |
|--------------------------------------------------|------------------------|--------|--------------------------------|----------------------------|--------------------|
|                                             | Futures      Contracts |   |                           |  Options              |               |
|                                             |                   |   |                           |        Purchased Call | Purchased      Put |   |
| 2009                                             | Long                   |   |   2009               | Long                       | Long               |   |
| Settlement      Price (a)                        | 4.01                   |   | Strike      Price (a)          | 7.65                       | 8.03               |   |
| Contract      Amount (b)                    |  4.2              |   | Contract      Amount (b)  |  4.4                  |  7.2          |   |
| Fair      Value (b)                         |  2.0              |   | Fair      Value (b)       |  0.2                  |  (3.7)        |   |
|                                             |                   |   |                           |                       |               |   |
|                                             |                   |   |   2010               |                       |               |   |
|                                             |                   |   | Strike      Price (a)          | 7.57                       |   -      |   |
|                                             |                   |   | Contract      Amount (b)  | 3.0                        |   -      |   |
|                                             |                   |   | Fair      Value (b)       | 0.2                        |   -      |   |
| (a) Weighted      average, in dollars  |                   |   |                           |                       |               |
| (b) Millions      of dollars                |                   |   |                           |                       |               |   |

| Swaps                                                         | 2009                  |   | 2010                        |
|---------------------------------------------------------------|-----------------------|--------|-----------------------------|
| Commodity      Swaps:                                         |                  |   |                        |
|   Pay      fixed/receive variable (b)          |   21.6      |   |     0.7 |
|     Average      pay rate (a)   |  9.040           |   | 11.554                      |
|     Average      received rate (a)        |  4.156           |   |   5.823           |
|   Fair      value (b)                          |    9.9 |   |     0.4 |
|                                                          |                  |   |                        |
| (a) Weighted      average, in dollars               |                  |   |
| (b)  Millions      of dollars                       |                  |   |

ITEM4T.

Table of Contents

PART II. 

ITEM 1.

ITEM 6.  

Table of Contents

SIGNATURES

|   | SCANA      CORPORATION                         |
|--------|------------------------------------------------|
|   | SOUTH      CAROLINA ELECTRIC & GAS COMPANY |
|   | (Registrants)                                  |

| By:              |  /s/James      E. Swan, IV     |
|------------------|-------------------------------------|
| May      8, 2009 | James      E. Swan, IV              |
|             | Controller                          |
|             | (Principal      accounting officer) |

Table of Contents

EXHIBIT INDEX

|        | Applicable      toForm 10-Q of |     |
|------------------|------------------------------------------|--------------------|
| Exhibit No. | SCANA                                    | SCE&G          | Description  |
|             |                                     |               |   |
| 3.01             | X                                        |               | Restated      Articles of Incorporation of SCANA Corporation as adopted on      April 26, 1989 (Filed as Exhibit 3-A to Registration      Statement No. 33-49145 and incorporated by reference      herein)  |
| 3.02             | X                                        |               | Articles      of Amendment dated April 27, 1995 (Filed as Exhibit 4-B to      Registration Statement No.33-62421      and incorporated by reference herein)  |
| 3.03             |                                     | X                  | Restated      Articles of Incorporation of South Carolina Electric & Gas      Company, as adopted onMay 3,      2001 (Filed as Exhibit 3.01 to Registration Statement      No. 333-65460 and incorporated by reference herein)  |
| 3.04             |                                     | X                  | Articles      of Amendment effective as of the dates indicated below and filed as      exhibits to the Registration Statements set forth below and are      incorporated by reference herein  |
|             |                                     |               | May 22,      2001 | Exhibit 3.02 | to      Registration No. 333-65460 |
|             |                                     |               | June 14,      2001 | Exhibit 3.04 | to      Registration No. 333-65460 |
|             |                                     |               | August 30,      2001 | Exhibit 3.05 | to      Registration No. 333-101449 |
|             |                                     |               | March 13,      2002 | Exhibit 3.06 | to      Registration No. 333-101449 |
|             |                                     |               | May 9,      2002 | Exhibit 3.07 | to      Registration No. 333-101449 |
|             |                                     |               | June 4,      2002 | Exhibit 3.08 | to      Registration No. 333-101449 |
|             |                                     |               | August 12,      2002 | Exhibit 3.09 | to      Registration No. 333-101449 |
|             |                                     |               | March 13,      2003 | Exhibit 3.03 | to      Registration No. 333-108760 |
|             |                                     |               | May 22,      2003 | Exhibit 3.04 | to      Registration No. 333-108760 |
|             |                                     |               | June 18,      2003 | Exhibit 3.05 | to      Registration No. 333-108760 |
|             |                                     |               | August 7,      2003 | Exhibit 3.06 | to      Registration No. 333-108760 |
|             |                                     |               | February      26, 2004 | Exhibit      3.05 | to      Registration No. 333-145208-01 |
|             |                                     |               | May 18,      2004 | Exhibit 3.06 | to      Registration No. 333-145208-01 |
|             |                                     |               | June 18,      2004 | Exhibit 3.07 | to      Registration No. 333-145208-01 |
|             |                                     |               | August 12,      2004 | Exhibit 3.08 | to      Registration No. 333-145208-01 |
|             |                                     |               | March      9, 2005 | Exhibit      3.09 | to      Registration No. 333-145208-01 |
|             |                                     |               | May      16, 2005 | Exhibit      3.10 | to      Registration No. 333-145208-01 |
|             |                                     |               | June      15, 2005 | Exhibit      3.11 | to      Registration No. 333-145208-01 |
|             |                                     |               | August      16, 2005 | Exhibit      3.12 | to      Registration No. 333-145208-01 |
|             |                                     |               | March      14, 2006 | Exhibit      3.13 | to      Registration No. 333-145208-01 |
|             |                                     |               | May      11, 2006 | Exhibit      3.14 | to      Registration No. 333-145208-01 |
|             |                                     |               | June      28, 2006 | Exhibit      3.15 | to      Registration No. 333-145208-01 |
|             |                                     |               | August      16, 2006 | Exhibit      3.16 | to      Registration No. 333-145208-01 |
|             |                                     |               | March      13, 2007 | Exhibit      3.17 | to      Registration No. 333-145208-01 |
|             |                                     |               | May      22, 2007 | Exhibit      3.18 | to      Registration No. 333-145208-01 |
|             |                                     |               | June      22, 2007 | Exhibit      3.19 | to      Registration No. 333-145208-01 |
|             |                                     |               | August      21, 2007 | Exhibit      3.05 | on      Post-Effective Amendment No. 1 to Registration No. 333-145208-01 |
|             |                                     |               | May      15, 2008 | Exhibit      3.06 | on      Post-Effective Amendment No. 1 to Registration No. 333-145208-01 |
|             |                                     |               | July      9, 2008 | Exhibit      3.07 | on      Post-Effective Amendment No. 1 to Registration No. 333-145208-01 |
|             |                                     |               | August      28, 2008 | Exhibit      3.08 | on      Post-Effective Amendment No. 1 to Registration No. 333-145208-01 |
|             |                                     |               |   |
| 3.05             |                                     | X                  | Articles      of Correction filed on June 1, 2001 correcting May 22, 2001      Articles of Amendment (Filedas      Exhibit 3.03 to Registration Statement No. 333-65460 and      incorporated by reference herein)  |
| 3.06        |                                     | X                  | Articles      of Correction filed on February 17, 2004 correcting Articles of      Amendment for the dates indicated below and filed as exhibits to      Registration Statement No. 333-145208-01 set forth belowand      are incorporated by reference herein  |
|             |                                     |               | May 7,      2001 | Exhibit 3.21(a) |   |
|             |                                     |               | May 22,      2001 | Exhibit 3.21(b) |   |
|             |                                     |               | June 14,      2001 | Exhibit 3.21(c) |   |
|             |                                     |               | August 30,      2001 | Exhibit 3.21(d) |   |

Table of Contents

|             | Applicable      toForm 10-Q      of |            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                       |   |
|------------------|------------------------------------------|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------|--------|
| Exhibit No. | SCANA                                    |  SCE&G | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                       |   |   |
|             |                                     |            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                       |   |
|             |                                     |            | March 13,      2002                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Exhibit 3.21(e)       |   |
|             |                                     |            | May 9,      2002                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Exhibit 3.21(f)       |   |
|             |                                     |            | June 4,      2002                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Exhibit 3.21(g)       |   |
|             |                                     |            | August 12,      2002                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Exhibit 3.21(h)       |   |
|             |                                     |            | March 13,      2003                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Exhibit 3.21(i)       |   |
|             |                                     |            | May 22,      2003                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Exhibit 3.21(j)       |   |
|             |                                     |            | June 18,      2003                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Exhibit 3.21(k)       |   |
|             |                                     |            | August 7,      2003                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Exhibit 3.21(l)  |   |
| 3.07             |                                     | X               | Articles      of Correction dated March 17, 2006, correcting March 14, 2006 Articles of      Amendment (Filed as Exhibit 3.22 to Registration Statement No.      333-145208-01 and incorporated by reference herein)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                       |
|  3.08       |                                     | X               | Articles      of Correction dated September 6, 2006, correcting August 16, 2006 Articles      of Amendment (Filed as Exhibit 3.23 to Registration Statement No.      333-145208-01 and incorporated by reference herein)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                       |
| 3.09             |                                     | X               | Articles      of Correction dated May 20, 2008, correcting May 15, 2008 Articles of      Amendment (Filed as Exhibit 3.13 to Post-Effective Amendment No 1 to      Registration Statement No. 333-145208-01 and incorporated by reference      herein)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                       |
| 3.10             | X                                        |            | By-Laws      of SCANA as revised and amended on February 19, 2009 (Filed as      Exhibit 3.14 on Post-Effective Amendment No. 1 to Registration      Statement No. 333-145208-01 and incorporated by reference      herein)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                       |
| 3.11             |                                     | X               | By-Laws      of SCE&G as revised and amended on February 22, 2001 (Filed as      Exhibit 3.05 to Registration Statement No. 333-65460 and      incorporated by reference herein)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                       |
| 10.01            | X                                        | X               | Engineering,      Procurement and Construction Agreement, dated May 23, 2008,      between South CarolinaElectric      & Gas Company, for itself and as Agent for the South      Carolina Public Service Authority and a Consortium consisting of      Westinghouse Electric Company LLC and Stone &Webster, Inc.      (portions of the exhibit have been omitted and filed separately with the      Securities and Exchange Commission pursuant to a request for confidential      treatment pursuant to Rule 24b-2 under the Securities Exchange Act of      1934, as      amended) (Filed as Exhibit 10.01 to Form 10-Q for the quarter ended March      31, 2008 and incorporated by      reference herein)  |
| 31.01            | X                                        |            | Certification      of Principal Executive Officer Required by Rule 13a-14 (Filed      herewith)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 31.02            | X                                        |            | Certification      of Principal Financial Officer Required by Rule 13a-14 (Filed      herewith)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 31.03            |                                     | X               | Certification      of Principal Executive Officer Required by Rule 13a-14 (Filed      herewith)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 31.04            |                                     | X               | Certification      of Principal Financial Officer Required by Rule 13a-14 (Filed      herewith)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 32.01            | X                                        |            | Certification      of Principal Executive Officer Pursuant to 18 U.S.C.      Section 1350(Furnished      herewith)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 32.02            | X                                        |            | Certification      of Principal Financial Officer Pursuant to 18 U.S.C.      Section 1350(Furnished      herewith)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 32.03            |                                     | X               | Certification      of Principal Executive Officer Pursuant to 18 U.S.C.      Section 1350(Furnished      herewith)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 32.04            |                                     | X               | Certification      of Principal Financial Officer Pursuant to 18 U.S.C.      Section 1350(Furnished herewith)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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