South Carolina Electric & Gas to redeem outstanding preferreds

New York, Nov. 30 - South Carolina Electric & Gas Co. said it will redeem its $113.4 million of outstanding cumulative preferred stock on Dec. 30.

The Cayce, S.C. utility, a subsidiary of Scana Corp., will pay:

• $51.00 per $50 par value for each of the 241 4.5% preferred shares outstanding;

• $51.00 per $50 par value for each of the 1,878 4.6% A preferred shares outstanding;

• $50.50 per $50 par value for each of the 30,237 4.6% B preferred shares outstanding;

• $52.50 per $50 par value for each of the 125,209 5% preferred shares outstanding;

• $51.00 per $50 par value for each of the 58,516 5.125% preferred shares outstanding;

• $50.50 per $50 par value for each of the 51,095 6% preferred shares outstanding; and

• $100.00 per $100 par value for each of the 1 million 6.52% preferred shares outstanding.

In each case, holders will also receive accrued dividends.

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