COLUMBIA, S.C., June 20, 2006 /PRNewswire-FirstCall/ -- South Carolina Electric & Gas Company (SCE&G) announced today that it sold, in a negotiated offering, $125 million principal amount of its First Mortgage Bonds, 6.25 percent series due July 1, 2036. The 30-year bonds were priced to SCE&G at 98.788 percent, and are initially being offered to the public at 99.663 percent to yield 6.275 percent to maturity. Banc of America Securities LLC, UBS Investment Bank and Wachovia Securities acted as joint book-running managers for the transaction. BB&T Capital Markets and BNY Capital Markets, Inc. acted as co-managers for the transaction. These bonds have been offered in connection with a distribution by SCE&G, which intends to apply the net proceeds from the sale of the bonds toward the redemption at maturity of its 9.00 percent First and Refunding Mortgage Bonds due July 15, 2006. It is anticipated that the new First Mortgage Bonds will be issued on June 27, 2006. The transaction is subject to normal closing conditions. Copies of a written prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended, relating to the offering of these bonds may be obtained by contacting Wachovia Securities, 8739 Research Drive, (Mail Code NC0675), Charlotte, NC 28262. South Carolina Electric & Gas Company is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity and in the purchase, sale and transport at retail of natural gas in portions of South Carolina. DATASOURCE: South Carolina Electric & Gas Company CONTACT: Investors, John Winn, +1-803-217-9240, or , or Bryan Hatchell, +1-803-217-7458, or both of SCANA Corporation Web site: http://www.scana.com/

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