Scana

SCANA Corporation

Type	Public
Traded as	: SCG S&P 500 Component
Industry	Public Utility
Predecessor	South Carolina Electric & Gas Company Carolina Energies
Founded	1924
Headquarters	Cayce, South Carolina, United States
Key people	Kevin B. Marsh (Chairman & CEO - Salary $5,710,450)
Number of employees	5,877
Website	scana.com

SCANA Corporation is a $9 billion energy-based holding company, based in Cayce, South Carolina, a suburb of Columbia. Its businesses include regulated electric and natural gas utility operations and other energy-related businesses. SCANA's subsidiaries serve approximately 662,000 electric customers in South Carolina and more than one million natural gas customers in South Carolina, North Carolina and Georgia. The corporate name SCANA is not an acronym, but is taken from the letters in South Carolina.

South Carolina Electric & Gas Company (SCE&G), SCANA's leading subsidiary, traces its history to 1846, when a group of Charleston business leaders formed the Charleston Gas Light Company. However, its corporate structure dates to 1924, with the formation of Broad River Power Company. A year later, Broad River bought the electric and gas properties of Columbia Railway, Gas and Electric Company.

In 1927, the Lexington Water Power Company received a license to build a dam on the Saluda River northwest of Columbia. Saluda Dam, which would create the 50,000-acre (202 km²) Lake Murray, was the largest man-made barrier built for power production in the world when completed in 1930. In addition, the project provided jobs during the Great Depression.

In 1937, the Broad River Power Company changed its name to South Carolina Electric & Gas Company. Five years later, Lexington Water Power Company merged with SCE&G. This was followed in 1948 with the acquisition of South Carolina Power Company', successor to Charleston Gas Light, from the Southern Company. In 1984, SCE&G formed SCANA as a holding company.