SCANA releases its 2016 earnings report

SCANA Corp. has released earnings for the year ended Dec. 31, 2016, reporting earnings of $595 million, or $4.16 per share, compared to earnings of $746 million, or $5.22 per share, for the same period in 2015.

SCANA reported earnings of $595 million, or $4.16 per share, for 2016.   File photo

SCANA Corp. has released earnings for the year ended Dec. 31, 2016, reporting earnings of $595 million, or $4.16 per share, compared to earnings of $746 million, or $5.22 per share, for the same period in 2015.

Earnings for 2015 included a $201 million, net of tax gain or $1.41 per share, from the sale of two subsidiaries, Carolina Gas Transmission and SCANA Communications Inc..

“We are pleased with our annual results and the continued growth in our electric and gas companies,” Executive Vice President and Chief Financial Officer  Jimmy Addison said. “Our earnings outlook continues to support our long-term growth expectations, based upon expected customer growth and investment in our electric and gas infrastructure driven by the economies of the Carolinas."

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