United States Virginia change
Sri Lanka Breaking News
Sri Lanka parliament
vivalankaSri Lanka newsSri Lanka businessSri Lanka sportsSri Lanka technologySri Lanka travelSri Lanka videosSri Lanka eventssinhala newstamil newsSri Lanka business directory
vivalanka advertising
Stay Connected
Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

SCANA posts positive earnings on year

Feb 11, 2011 11:14:00 AM - thestate.com
SCANA Corp. credited rate increases, customer growth and its weather normalization program for boosting earnings in 2010.

The Cayce-based energy giant, parent company of SCE&G, Friday reported earnings of $376 million or $2.99 per share at the end of last year. That’s up 8 percent from 2009’s earnings of $348 million, or $2.85 per share.

The earnings increase came despite a still economically challenging year for South Carolina and gave utility leaders hope that a recovery will continue.

“We continue to see customer growth in all areas we serve, and we’re more optimistic for a sustained economic recovery,” said Jimmy Addison, senior vice president and chief financial officer.

USA, South Carolina: (Latest Stories)