The SCANA subsidiary was granted a 4.4 percent increase in retail electric revenues by the South Carolina Public Service Commission.
The company reaffirmed its previous guidance that 2007 earnings will be in the range of $2.70 to $2.85 per share, 3 cents higher than the previous year, and predicts an even greater increase over in 2008 due to continued strong customer growth.
The company declared a regular dividend of $0.44 per share on the Company's common stock for the quarter ending December 31, 2007. The dividend is payable January 1, 2008 to shareholders of record at the close of business on December 10, 2007.
Principal subsidiary SCE&G reached an agreement with the South Carolina Office of Regulatory Staff involving an increase in its retail electric rates which, if approved, will dramatically improve retail electric revenues.