SCANA history

In 1925, Broad River bought the electric and gas properties of Columbia Railway, Gas and Electric Company.

By the time the plant went into operation, the effects of the 1929 stock market crash had reverberated throughout the economy, halting the booming expansion and profits of utility companies.

Lexington Water Power Company had built the Saluda Dam, which created the 50,000-acre (202 km) Lake Murray, and was the largest man-made barrier built for power production in the world when completed in 1930.

A particular threat was the looming power of government, as embodied in the Public Utility Holding Company Act of 1935, which led to the creation of the South Carolina Public Service Authority.

In 1937, the Broad River Power Company changed its name to South Carolina Electric & Gas Company.

By 1940 the South Carolina Power Company served 146 towns and villages, or 8,750 square miles.

In 1942, SCE&G acquired Lexington Water Power Company.

In 1948, the company acquired South Carolina Power Company, successor to Charleston Gas Light, from the Southern Company.

So insatiable was the demand for electricity and electric appliances (the latter unobtainable during the war) that to meet these and other future needs, the South Carolina Power Company and SCE&G undertook a merger in 1950.

Construction began in 1973 on SCE&G's most costly project to date: its first nuclear power facility (operated by SCE&G and two-thirds owned by the company) and hydroelectric plant facility on a 7,000-acre artificial lake, close to the original atomic power facility.

Named after the then-president and chief executive officer of SCE&G, Vergil C. Summer, it was not to be completed until 1984, at a cost of $1.3 billion.

South Carolina Electric & Gas Company (SCE&G), the largest subsidiary, serves approximately 500,000 customers and generated 76 percent of the corporation's revenue in 1990.

In 1997, the company sold Scana Petroleum Resources Inc. for $110 million.

In 1999, the company sold its retail propane assets for $86 million.

In February 2000, the company acquired Public Service of North Carolina for $673 million.

In March 2004, the company acquired 50,000 retail natural gas customers formerly served by Energy America in Georgia.

Formed in November 2006, Carolina Gas Transmission was an interstate natural gas pipeline in South Carolina and Georgia regulated by the Federal Energy Regulatory Commission.

On February 2, 2015, Carolina Gas Transmission was sold to Dominion Resources $492.9 million.

After having spent $9 billion on construction, in July 2017, SCE&G abandoned the construction of two additional AP1000 units at the Virgil C. Summer Nuclear Generating Station, following the bankruptcy of Westinghouse Electric Company.

In May 2018, the company acquired the Columbia Energy Center in Gaston, South Carolina for $180 million.