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. Thats up 8 percent from 2009s 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 were more optimistic for a sustained economic recovery, said Jimmy Addison, senior vice president and chief financial officer.