**Exhibit 12.02**

**SOUTH      CAROLINA ELECTRIC & GAS COMPANY**

**CALCULATION      OF RATIOS**

**FOR      THE YEAR ENDED DECEMBER 31, 2005**

**(Dollars      in Millions)**

| Net                earnings(1)                                                                                  |   |   |   |   | $      | 781.8  |   |
|-----------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
| Divide                by annualized interest charges on:                                                        |   |   |   |   |   |   |   |
| Bonds                authenticated under SCE&G's First and Refunding Mortgage Bond                Indenture |   | $      | 11.8   |   |   |   |   |
| Other                indebtedness(1)                                                                            |   |   | 99.4   |   |   |   |   |
| Total                annualized interest charges                                                                |   |   |   |   |   | 111.2  |   |
| Bond                Ratio                                                                                       |   |   |   |   |   | 7.03   |   |

| Net                earnings(2)                                                                    |   |   |   |   | $      | 751.4  |   |
|---------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
| Divide                by annualized interest charges on:                                          |   |   |   |   |   |   |   |
| Bonds                authenticated under SCE&G's First Mortgage Bond                Indenture |   | $      | 97.3   |   |   |   |   |
| Other                indebtedness(2)                                                              |   |   | 13.9   |   |   |   |   |
| Total                annualized interest charges                                                  |   |   |   |   |   | 111.2  |   |
| New                Bond Ratio                                                                     |   |   |   |   |   | 6.76   |   |

| Net                earnings(3)                                              |   |   |   |   | $      | 250.8  |   |
|-----------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
| Divide                by annualized interest charges on:                    |   |   |   |   |   |   |   |
| Bonds                outstanding under SCE&G's mortgage bond indentures |   | $      | 111.2  |   |   |   |   |
| Preferred                dividend requirements                              |   |   | 7.3    |   |   |   |   |
| Total                annualized interest charges                            |   |   |   |   |   | 118.5  |   |
| Preferred                Stock Ratio                                        |   |   |   |   |   | 2.12   |   |

**SOUTH      CAROLINA ELECTRIC & GAS COMPANY**

**COMPUTATION      OF RATIO OF EARNINGS TO FIXED CHARGES**

**For      Each of the Five Years Ended December 31, 2005**

**(Dollars      in Millions)**

|                                                                                |   | **Years                Ended December 31,** |   |
|-------------------------------------------------------------------------------------|--------|---------------------------------------------|--------|
|                                                                                |   | **2005**                                    |   | **2004** |   | **2003** |   | **2002** |   | **2001** |   |
| Fixed                Charges as defined:                                            |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                on long-term debt                                           |   | $                                           | 143.0  |   | $ | 144.2 |   | $ | 141.9 |   | $ | 132.0 |   | $ | 122.7 |   |
| Amortization                of debt premium, discount and expense (net)             |   |                                        | 4.2    |   |   | 4.2 |   |   | 3.5 |   |   | 3.1 |   |   | 2.9 |   |
| Interest                component on rentals                                        |   |                                        | 3.9    |   |   | 3.3 |   |   | 2.9 |   |   | 2.7 |   |   | 2.6 |   |
| Preference                security dividend requirement of consolidated subsidiary  |   |                                        | -      |   |   | - |   |   | 1.7 |   |   | 3.8 |   |   | 3.8 |   |
| Total                Fixed Charges                                                  |   | $                                           | 151.1  |   | $ | 151.7 |   | $ | 150.0 |   | $ | 141.6 |   | $ | 132.0 |   |
| Preference                security dividend as defined:                             |   |                                        | 11.8   |   |   | 11.9 |   |   | 11.9 |   |   | 11.9 |   |   | 12.0 |   |
| Total                Fixed Charges and Preference Security Dividend (A)             |   |                                        | 162.9  |   |   | 163.6 |   |   | 161.9 |   |   | 153.5 |   |   | 144.0 |   |
| Earnings                as defined:                                                 |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pretax                income from continuing operations                             |   | $                                           | 113.7  |   | $ | 362.8 |   | $ | 338.3 |   | $ | 341.5 |   | $ | 357.1 |   |
| Total                fixed charges                                                  |   |                                        | 151.1  |   |   | 151.7 |   |   | 150.0 |   |   | 141.6 |   |   | 132.0 |   |
| Pre-tax                equity earnings of investees                                 |   |                                        | 77.2   |   |   | 1.3 |   |   | 1.1 |   |   | 0.6 |   |   | - |   |
| Preference                security dividend requirements of consolidated subsidiary |   |                                        | -      |   |   | - |   |   | (1.7 | ) |   | (3.8 | ) |   | (3.8 | ) |
| Total                Earnings (B)                                                   |   | $                                           | 342.0  |   | $ | 515.8 |   | $ | 487.7 |   | $ | 479.9 |   | $ | 485.3 |   |
|                                                                                |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                of Earnings to Fixed Charges (B/A)                             |   |                                        | 2.10   |   |   | 3.15 |   |   | 3.01 |   |   | 3.13 |   |   | 3.37 |   |