Registration No.

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

FORM S-3

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

SCANA CORPORATION
(Exact name of registrant as specified in its charter)

South Carolina
(State or other jurisdiction of incorporation or organization)

57-0784499
(I.R.S. Employer Identification No.)

1426 Main Street Columbia, South Carolina 29201 (803) 748-3000
(Address, including zip code and telephone number, including area code,
of registrant's principal executive offices)

A. H. Gibbes, Senior Vice President and General Counsel, SCANA Corporation,
1426 Main St., Columbia, SC 29201, (803) 748-3101
(Name, address,including zip code, and telephone number, including area code,
of agent for service)

With copies to:

  Kevin Stacey, Esq.                        John W. Currie, Esq.
  Reid & Priest LLP                        McNair Law Firm, P.A.
 40 West 57th Street                   1301 Gervais Street - 17th Floor
New York, New York 20019                Columbia, South Carolina 29201
   (212) 603-2000                              (803) 799-9800

Approximate date of commencement of proposed sale to the public: After the effective date of the Registration Statement, as determined by market conditions and other factors.

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ( )

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If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. [ ]
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier registration statement for the same offering. [ ]

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ]

If delivery of this prospectus is expected to be made pursuant to Rule 434, please check the following box. [ ]

CALCULATION OF REGISTRATION FEE

                                  Proposed   Proposed
   Title of Each       Amount     Maximum    Maximum      Amount of
Class of Securities    to be      Offering   Aggregate   Registration
  to be Registered   Registered   Price      Offering        Fee
                                  Per Unit*  Price*

Common Stock 5,175,000 shares $23 1/8 $119,671,875 $41,267

* Estimated pursuant to Rule 457(c) under the Securities Act of 1933, as amended, solely for the purpose of calculating the registration fee based on the average of the high and low prices of SCANA Corporation common stock as reported on the New York Stock Exchange, Inc., on August 31, 1995.

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.

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SUBJECT TO COMPLETION
PRELIMINARY PROSPECTUS DATED SEPTEMBER 7, 1995

4,500,000 Shares
SCANA Corporation
Common Stock

The Common Stock of SCANA Corporation (the "Company") is listed on the New York Stock Exchange under the symbol "SCG." On September 6, 1995, the last reported sale price of the Company's Common Stock on the New York Stock Exchange was $22 7/8 per share.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR
ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY
OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO
THE CONTRARY IS A CRIMINAL OFFENSE.

                 Underwriting          Proceeds to
Price to         Discounts and         Company(2)
 Public          Commissions(1)

Per Share. . . . . . . . $ $ $

Total. . . . . . . . . . $ $ $

Total Assuming Full
Exercise of Over-Allotment
Option (3) . . . . . . . $ $ $

(1) See "Underwriting."
(2) Before deducting expenses estimated at $180,000, which are payable by the Company.
(3) Assuming the exercise in full of the 45-day option granted by the Company to the Underwriters to purchase up to 675,000 additional shares, on the same terms, solely to cover over- allotments. See "Underwriting."

The shares of Common Stock are offered by the Underwriters, subject to prior sale, when, as and if delivered to and accepted by the Underwriters, and subject to their right to reject orders in whole or in part. It is expected that delivery of the Common Stock will be made in New York City on or about , 1995.

PaineWebber Incorporated The Robinson-Humphrey Company, Inc.

The date of this Prospectus is , 1995.

Information contained herein is subject to completion or amendment. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This prospectus shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

3

IN CONNECTION WITH THIS OFFERING, THE UNDERWRITERS MAY OVER-ALLOT OR EFFECT TRANSACTIONS WHICH STABILIZE OR MAINTAIN THE MARKET PRICE OF THE COMMON STOCK OF THE COMPANY AT A LEVEL ABOVE THAT WHICH MIGHT OTHERWISE PREVAIL IN THE OPEN MARKET. SUCH TRANSACTIONS MAY BE EFFECTED ON THE NEW YORK STOCK EXCHANGE, IN THE OVER-THE-COUNTER MARKET OR OTHERWISE. SUCH STABILIZING, IF COMMENCED, MAY BE DISCONTINUED AT ANY TIME.

AVAILABLE INFORMATION

SCANA Corporation (the "Company") is subject to the informational requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and in accordance therewith files reports and other information with the Securities and Exchange Commission (the "Commission"). Reports, proxy and information statements, and other information filed by the Company can be inspected and copied at the public reference facilities maintained by the Commission at 450 Fifth Street NW, Washington, D.C. 20549 and at the Commission's regional offices at Seven World Trade Center, Suite 1300, New York, New York 10048, and at 500 West Madison Street, Suite 1400, Chicago, Illinois 60661-2511. Copies of such material can also be obtained by mail from the Public Reference Section of the Commission at 450 Fifth Street NW, Washington, D.C. 20549, at prescribed rates. The Company's common stock (the "Common Stock") is listed for trading on the New York Stock Exchange (the "NYSE"). Reports, proxy and information statements, and other information concerning the Company may also be inspected at the offices of the NYSE, 20 Broad Street, New York, New York 10005.

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

The following documents, filed with the Commission by the Company pursuant to the Exchange Act (File No. 1-8809), are incorporated herein by reference:

(a) The Company's Annual Report on Form 10-K for the year ended December 31, 1994, as amended.

(b) The Company's Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30, 1995.

(c) Current Reports of the Company on Forms 8-K dated April 28 and September 6, 1995.

(d) Form 8-B/A of the Company filed May 26, 1995.

4

All documents filed by the Company pursuant to Sections 13(a),
13(c), 14 or 15(d) of the Exchange Act after the date of this Prospectus and prior to the termination of the offering made by this Prospectus shall be deemed to be incorporated by reference in this Prospectus and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Prospectus to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Prospectus.

The Company hereby undertakes to provide without charge to each person, including any beneficial owner, to whom a copy of this Prospectus has been delivered, on the written or oral request of any such person, a copy of any or all of the documents referred to above that have been incorporated by reference in this Prospectus, other than exhibits to such documents, unless such exhibits are specifically incorporated by reference into such documents. Written or telephone requests for such copies should be directed to H. John Winn, III, Manager-Investor Relations and Shareholder Services, SCANA Corporation, Columbia, South Carolina 29218, telephone number (803) 748-3240.

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PROSPECTUS SUMMARY

The following summary information is qualified in its entirety by reference to the more detailed information and financial statements appearing elsewhere in this Prospectus and in the documents and information incorporated by reference in this Prospectus. All information set forth in this Prospectus has been adjusted to reflect a two-for-one stock split of the Common Stock effective May 11, 1995. Unless otherwise indicated, the information in this Prospectus assumes that the Underwriters' over- allotment option of up to 675,000 shares will not be exercised.

The Company

Business..................................  Energy-based holding company
                                            principally engaged through
                                            subsidiaries in electric and
                                            natural gas utility
                                            operations and other energy
                                            related businesses

Principal Operating Subsidiary............  South Carolina Electric & Gas
                                            Company ("SCE&G")

                                     SCE&G

Electric and Gas Service Areas............  Central, southern and southwestern
                                            South Carolina

Population of Service Area
  (at December 31, 1994)..................  Approximately 2.3 million


Customers (at June 30, 1995)
   Electric...............................  480,070
   Gas....................................  238,364

1994 Electric Energy Sources..............  Coal, 77%; Nuclear, 17%; Purchased
                                            Power and Hydro, 6%





                                The Offering


Common Stock Offered ..................... 4,500,000 shares
Shares of Common Stock Outstanding on
   August 31, 1995........................ 98,286,032 shares
Use of Proceeds........................... For reduction of short-term
                                           indebtedness incurred by the
                                           Company and its subsidiaries for
                                           investment in utility plant and
                                           non-regulated subsidiaries, and for
                                           general corporate purposes.
Listed.................................... New York Stock Exchange
Stock Exchange Symbol..................... SCG
Price Range on New York Stock Exchange
Composite Tape from January 1, 1995
   through September 6, 1995.............. High - $23 1/2   Low - $20 1/2
Closing Price on New York Stock
   Exchange on September 6, 1995.......... $22 7/8
Current Indicated Annual Dividend......... $1.44 ($0.36 quarterly)

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               Summary Financial and Operating Information
                   (Dollar amounts in millions, except per share amounts)
                                         (Unaudited)

                                                       Twelve Months Ended
                                           June 30,              December 31,
                                             1995        1994        1993        1992

Income Statement Data:

Operating Revenues:
   Electric..........................     $  984.9    $  975.4    $  940.1    $  829.5
   Gas...............................        345.6       342.7       320.2       305.3
   Transit...........................          4.1         4.0         3.9         3.6
  Total Operating Revenues...........      1,334.6     1,322.1     1,264.2     1,138.4
Operating Expenses...................      1,058.4     1,062.5     1,018.9       928.6
Operating Income.....................        276.2       259.6       245.3       209.8
Net Income (1).......................        100.6       115.5       165.2       117.7
Earnings Per Weighted Average
  Common Share (1)...................     $   1.05    $   1.22    $   1.83    $   1.42
Dividends Declared Per Common
  Share .............................     $   1.43    $   1.41    $   1.37    $   1.34
Weighted Average Common Shares
  Outstanding .......................   96,247,697  94,762,002  90,406,728  82,949,518

Electric Territorial Sales
  (megawatt hours)...................   17,070,593  16,837,881  16,880,271  15,794,001




                                                        As of June 30, 1995
                                        Actual    Percentage   Adjusted(2)   Percentage(2)

Capitalization:

Long-Term Debt, Net (3)............... $1,605.9       52.3      $1,605.9
Preferred Stock (not subject to
  purchase or sinking funds)..........     26.0        0.8          26.0
Preferred Stock, Net (subject to
  purchase or sinking funds) (4)......     47.6        1.6          47.6
Common Shareholders' Equity...........  1,390.2       45.3
         Total Capitalization......... $3,069.7      100.0

Short-Term Debt (5)................... $  272.1        -

(1) Retroactively restated for the effect of a change in accounting principle, adopted in the second quarter of 1995, to the full cost method of accounting for the Company's oil and gas production operations. Non-cash charges related to reserve adjustments required by the "ceiling test" under the full cost method of accounting for oil and gas operations at SCANA Petroleum Resources, Inc. ("Petroleum Resources") were $.80 per share for the twelve months ended June 30, 1995 and $.65 per share and $.01 per share for the years ended December 31, 1994 and 1992, respectively.
(2) Adjusted to reflect the receipt of the net proceeds from the sale of the Common Stock offered hereby.
(3) Excludes current portion of long-term debt of $101.6 million.
(4) Excludes current portion of preferred stock of $2.3 million.
(5) Includes current portion of long-term debt of $101.6 million and of preferred stock of $2.3 million. See "Use of Proceeds."

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THE COMPANY

The Company is an energy-based holding company which, through its subsidiaries, engages principally in electric and natural gas utility operations and other energy related businesses.

The principal executive offices of the Company are located at 1426 Main Street, Columbia, South Carolina 29201, telephone (803) 748-3000, and its mailing address is Columbia, South Carolina 29218.

Regulated Businesses

The Company's subsidiaries, including SCE&G, South Carolina Generating Company and South Carolina Pipeline Corporation, are engaged in the generation, transmission, distribution and sale of electricity, the purchase, transmission, distribution and sale at wholesale and retail of natural gas and the provision of urban bus service, in various areas of South Carolina. These subsidiaries own substantially all of the Company's consolidated assets and in 1994 contributed substantially all of its consolidated net income.

Nonregulated Businesses

The Company's other subsidiaries are engaged in the businesses of (i) acquiring, developing and operating oil and gas producing properties, (ii) marketing natural gas and light hydrocarbons,
(iii) producing, storing, distributing and selling propane, (iv) fiber optic, video and radio communications, (v) power plant management and maintenance services, and (vi) real estate development and sales, which business is currently in liquidation.

RECENT DEVELOPMENTS

On July 10, 1995, SCE&G filed an application with the Public Service Commission of South Carolina (the "PSC") for an increase in retail electric rates. The proposed increase of 8.35% would produce additional revenues of approximately $76.7 million annually, if approved. SCE&G has requested that the increase be implemented in two phases. The first phase, an increase in revenues of approximately $61.8 annually, or 6.73%, would commence at the time SCE&G's 385 MW generating station currently under construction near Cope, S.C. begins commercial operation, which is expected in January 1996. The second phase is planned in January 1997 and would produce additional revenues of approximately $14.9 million annually, or 1.62% more than current rates. No assurance can be given as to the adequacy or timing of the rate relief that will be granted by the PSC. Hearings are scheduled to begin during November 1995.

During the second quarter of 1995, Petroleum Resources changed from the successful efforts method to the full cost method of accounting for its oil and gas operations. The Company believes the full cost method provides a better matching of revenues and expenses given the change in Petroleum Resources' primary focus from a purchaser of producing oil and gas properties to a developer of reserves on its own or others' properties. The financial statements of prior periods have been restated to apply the new method retroactively.

USE OF PROCEEDS

The Company intends to use the net proceeds from the sale of the Common Stock for the reduction of short-term indebtedness, which totaled approximately $159.7 million at August 31, 1995, exclusive of current maturities of long-term debt and of preferred stock, at a weighted average interest rate per annum of 5.93%, incurred by the Company and its subsidiaries for investment in utility plant and non-regulated subsidiaries, and for general corporate purposes.

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DESCRIPTION OF COMMON STOCK

The authorized capital stock of the Company comprises 150,000,000 shares of Common Stock without par value. As of August 31, 1995, 98,286,032 shares of Common Stock were issued and outstanding.

The following summary of the terms of the Common Stock does not purport to be complete and is qualified in its entirety by reference to the terms set forth in the Restated Articles of Incorporation as amended (the "Articles of Incorporation") and By- Laws (the "By-Laws") of the Company included as exhibits to the Registration Statement of which this Prospectus is a part.

Voting

Holders of Common Stock are entitled to one vote, in person or by proxy, for each share held on the applicable record date with respect to each matter submitted to a vote at a meeting of stockholders, and are not entitled to cumulate their votes.

Preemptive Rights

Holders of Common Stock do not have preemptive rights to subscribe for additional shares when additional shares are offered for sale by the Company.

Provisions Relating to Change in Control

The Articles of Incorporation and By-Laws contain provisions which could have the effect of delaying, deferring or preventing a change in control of the Company. These provisions are summarized below.
Corporate Governance Provisions

These provisions establish the classification of directors into three classes, as nearly equal in number of directors as possible, each class serving for three years, with one class being elected each year. There are currently fifteen directors (four directors in a class with a term expiring in 1996, five directors in a class with a term expiring in 1997 and six directors in a class with a term expiring in 1998). The Articles of Incorporation and By-Laws provide (i) that the authorized number of directors may range from a minimum of nine to a maximum of twenty, as determined from time to time by the directors; (ii) that directors can be removed only (x) for cause or (y) otherwise by the affirmative vote of the holders of 80% of the shares of stock of the Company entitled to vote; and (iii) that vacancies and newly created directorships on the Board of Directors can be filled by a majority vote of the remaining directors then in office, even though less than a quorum, and that any new director elected to fill a vacancy will serve until the next stockholders' meeting at which directors of any class are elected.

9

Prevention of Greenmail

The Articles of Incorporation provide that in the absence of approval by the holders of not less than a majority of the outstanding shares of the Common Stock (excluding shares held by Selling Stockholders (as hereinafter defined)), the Company is precluded from purchasing any of its outstanding Common Stock at a price known to the Company to be more than the market price from a Selling Stockholder, unless the purchase by the Company is pursuant to an offer to purchase any and all of the outstanding shares of Common Stock. "Selling Stockholder" is defined as any person who alone or together with others is known to the Company to be the beneficial owner (which term includes specified holdings by affiliates or associates as defined in Rule 12b-2 under the Exchange Act as in effect on January 1, 1985) of more than 3% of the outstanding Common Stock and who has purchased or agreed to purchase any shares within the most recent two-year period.

Fair Price Requirements and Consideration of All Relevant Factors in Certain Business Combinations

The Articles of Incorporation require the approval of the holders of at least 80% of the voting power of all outstanding voting stock as a condition to Business Combinations (as hereinafter defined) with or proposed by any direct or indirect beneficial owner (as defined in Rule 13d-3 and Rule 13d-5 under the Exchange Act, as in effect on March 1, 1987) (other than a subsidiary of the Company or employee benefit plans of the Company) of more than 10% of the
Company's outstanding capital stock entitled to vote for the election of directors ( each a "Related Person") and any affiliate or associate of such person (as defined in Rule 12b-2 under the Exchange Act, as in effect on March 1, 1987), except in cases in which (i) the transaction has been approved by a majority of certain directors who are not Related Persons or affiliates or associates or representatives of a Related Person and who were members of the Board of Directors immediately prior to the time that the Related Person became a Related Person (the "Continuing Directors"), and certain successors to Continuing Directors who are not Related Persons or affiliates or associates or representatives of a Related Person and are recommended to succeed a Continuing Director by a majority of Continuing Directors, (ii) the Business Combination is solely between the Company and a subsidiary of the Company and does not have the direct or indirect effect of increasing the voting power of a Related Person in any class or series of capital stock of the Company or any subsidiary of the Company, or (iii) certain minimum price criteria and procedural conditions are satisfied.

A "Business Combination" includes the following transactions when entered into by the Company or a subsidiary of the Company with, or upon a proposal by or on behalf of, a Related Person: (i) a merger or consolidation of the Company or any subsidiaries; (ii) the sale or other disposition other than sales of goods and services made in the ordinary course of business by the Company or any subsidiary of assets worth $10,000,000 or more; (iii) the issuance or transfer by the Company or any subsidiary of any securities of the Company or the subsidiary (except proportionately to all stockholders of the Company or such subsidiary); (iv) the adoption of a plan or proposal to liquidate or dissolve the Company; (v) any reclassification of securities, recapitalization or other transaction which has the direct or indirect effect of increasing the voting power, whether or not then exercisable, of a Related Person in any class or series of capital stock of the Company or any of its subsidiaries; or (vi) any agreement or contract or other arrangement providing directly or indirectly for any of the foregoing.

10

The Board of Directors, when evaluating any offer of another party to (i) make a tender or exchange offer for any equity security of the Company, (ii) merge or consolidate the Company with another corporation, or (iii) purchase or otherwise acquire all or substantially all of the properties and assets of the Company, may, in connection with the exercise of its judgment in determining what is in the best interests of the Company and its stockholders, give due consideration to (a) all relevant factors, including, without limitation, the social, legal, environmental and economic effects on employees, customers, suppliers and other affected persons, firms and corporations, and on the communities and geographical areas in which the Company and its subsidiaries operate or are located and any of the businesses and properties of the Company or any of its subsidiaries, as well as such other factors as the directors deem relevant, and (b) not only the consideration being offered in relation to the then current market price for the Company's outstanding shares of capital stock, but also in relation to the then current value of the Company in a freely negotiated transaction and in relation to the Board of Directors' estimate of the future value of the Company (including the unrealized value of its properties and assets) as an independent going concern.

Eighty Percent Vote Provisions

The Articles of Incorporation provisions relating to the classification of the Board of Directors and appointment of directors to fill vacancies, removal of an incumbent member of the Board of Directors without cause and fair price provisions for a Business Combination require the vote of 80% of the shares of stock entitled to vote for amendment or repeal.

COMMON STOCK DIVIDENDS AND PRICE RANGE

The Company and its predecessor have paid cash dividends on the Common Stock in every quarter since the Common Stock was first publicly sold, and have increased the Common Stock dividend in 42 of the last 43 years. Future dividends will depend on future earnings, which, in large part, are dependent upon the ability of SCE&G and the Company's other regulated subsidiaries to obtain regulatory approval for future rate increases, the cash position and financial condition of the Company and other factors. At the current dividend rate, after giving effect to the issuance of the shares of Common Stock offered hereby, the Company's quarterly dividend payments on its outstanding Common Stock will be approximately $35.4 million.

The Company's Investor Plus Plan permits holders of its Common Stock and holders of SCE&G Preferred Stock to invest optional cash payments subject to limitations in amount and reinvest dividends in additional shares of the Company's Common Stock. The prospectus describing the Plan and an enrollment form are available upon request to: SCANA Corporation, Columbia, South Carolina 29218, Attention: Investor Relations and Shareholder Services.

11

The Company's Common Stock is traded on the New York Stock Exchange. The range of the high and low sales prices of the Company's Common Stock, as reported by The Wall Street Journal as New York Stock Exchange--Composite Transactions, and dividends declared per share, are as follows for the periods indicated:

                                                               Dividends
                                             Price Range       Declared Per
                                           High        Low        Share


1993

First Quarter.................    $23 1/4     $20         $.3425
Second Quarter................     24 1/8      22 1/2      .3425
Third Quarter.................     25 7/8      23 3/4      .3425
Fourth Quarter................     26 1/8      23 7/8      .3425


1994

First Quarter.................    $25         $22 3/8     $.3525
Second Quarter................     23 1/4      21          .3525
Third Quarter.................     23          21 3/8      .3525
Fourth Quarter................     22 1/4      20 1/2      .3525

1995

First Quarter.................    $22 1/2     $20 1/2     $.36
Second Quarter................     21 5/8      20 7/8      .36
Third Quarter (through
  September 6, 1995)..........     23 1/2      21 1/8      .36

The last reported sale price of the Common Stock on the New York Stock Exchange on September 6, 1995 was $22 7/8.

At the Board of Directors meeting held on August 23, 1995 the Company declared a regular quarterly dividend of $.36 per share on the Common Stock. The dividend is payable October 1, 1995 to stockholders of record at the close of business on September 8, 1995.

12

UNDERWRITING

The Underwriters named below (the "Underwriters"), for whom PaineWebber Incorporated and The Robinson-Humphrey Company, Inc. are acting as representatives (collectively, the "Representatives"), have severally agreed, subject to the terms and conditions of the Underwriting Agreement among the Company and the Underwriters (the "Underwriting Agreement"), to purchase from the Company, and the Company has agreed to sell to the Underwriters, the number of shares of Common Stock set forth opposite their names below at the price set forth on the cover page of this Prospectus.

Underwriters                                  Number of Shares


PaineWebber Incorporated..................
The Robinson-Humphrey Company, Inc........

 Total............................................ 4,500,000

The Underwriting Agreement provides that the obligations of the Underwriters to purchase the shares of Common Stock offered hereby are subject to certain conditions. The Underwriters are obligated to purchase all of the shares of Common Stock offered hereby (other than those described by the over-allotment option described below), if any are purchased.

The Company has been advised by the Representatives that the Underwriters propose to offer the shares of Common Stock to the public at the offering price set forth on the cover page of this Prospectus and to selected dealers at such price less a concession not in excess of $ per share, and the Underwriters and such dealers may reallow a concession not in excess of $ per share to other dealers. After the public offering of the Common Stock, the public offering price, concession to selected dealers and reallowance to other dealers may be changed by the Representatives.

The Company has agreed that it will not issue, sell, offer to sell or otherwise dispose of any shares of Common Stock, or rights to acquire such shares, for a period of 90 days after the date of this Prospectus without the prior written consent of the Underwriters, except for the issuance of shares by the Company (i) pursuant to the Company's Investor Plus Plan, (ii) pursuant to the Company's Stock Purchase-Savings Plan, or (iii) in connection with other employee compensation arrangements.

The Company has granted an option to the Underwriters, exercisable during the 45-day period after the date of the initial public offering of the shares of Common Stock offered hereby, to purchase up to an additional 675,000 shares of Common Stock at the public offering price set forth on the cover page of this Prospectus less the underwriting discount. The Underwriters may exercise such option only to cover over-allotments, if any, incurred in the sale of shares of Common Stock. To the extent such option is exercised, each Underwriter will become obligated, subject to certain conditions, to purchase approximately the same percentage of such additional shares of Common Stock as the percentage of firm shares it is obligated to purchase pursuant to the Underwriting Agreement.

The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended, or to contribute to payments that the Underwriters may be required to make in respect thereof.

13

LEGAL OPINIONS

Certain legal matters in connection with the validity of the Common Stock offered hereby are being passed upon for the Company by McNair Law Firm, P.A., Columbia, South Carolina and by Asbury H. Gibbes, Esq. of Columbia, South Carolina, who is Senior Vice President, General Counsel and Assistant Secretary and a full-time employee of the Company, and for the Underwriters by Reid & Priest LLP, New York, New York. Reid & Priest LLP will rely on the opinion of Asbury H. Gibbes, Esq. with respect to matters of South Carolina law.

At June 30, 1995, Asbury H. Gibbes, Esq. owned beneficially 8,963 shares of the Company's Common Stock, including shares acquired by the trustee under its Stock Purchase-Savings Plan by use of contributions made by Mr. Gibbes and earnings thereon, and including shares purchased by the Trustee by use of Company contributions and earnings thereon.

Reid & Priest LLP represents the Company and its subsidiaries from time to time.

EXPERTS

The consolidated financial statements for the year ended December 31, 1994, as restated, incorporated in this Prospectus by reference from the Company's Current Report on Form 8-K dated September 6, 1995, have been audited by Deloitte & Touche LLP, independent auditors, as stated in their report, which contains an explanatory paragraph regarding the change in method of accounting for the Company's oil and gas operations and is incorporated herein by reference, and have been so incorporated in reliance upon such report of such firm given upon their authority as experts in accounting and auditing.

14

No person  has  been authorized


to give any  information  or to
make  any   representations  in
connection  with  this offering
other than  those  contained in
this Prospectus  and,  if given
or made, such other information               4,500,000 Shares
and representations must not be
relied   upon  as  having  been
authorized  by  the  Company or
the  Underwriters.  Neither the               SCANA CORPORATION
delivery of this Prospectus nor
any sale made  hereunder shall,
under any circumstances, create                  Common Stock
any implication  that there has
been  no  change in the affairs
of the  Company  since the date
hereof  or that the information
contained  herein is correct as
of  any  time subsequent to its
date.  This Prospectus does not
constitute  an offer to sell or
a  solicitation  of an offer to                   PROSPECTUS
buy  any  securities other than
the  registered  securities  to
which     it   relates.    This
Prospectus  does not constitute
an   offer   to   sell   or   a
solicitation of an offer to buy

such securities in any
circumstances in which such
offer or solicitation is
unlawful.

TABLE OF CONTENTS

                               Page
Available Information..........  4         PaineWebber Incorporated
Incorporation of Certain
  Documents by Reference.......  4          The Robinson-Humphrey
Prospectus Summary ............  6              Company, Inc.
The Company....................  8
Recent Developments............  8
Use of Proceeds................  8
Description of Common Stock....  9
Common Stock Dividends and
  Price Range.................. 11
Underwriting................... 13
Legal Opinions................. 14

Experts........................ 14 , 1995

15

PART II

INFORMATION NOT REQUIRED
IN PROSPECTUS

Item 14. Other Expenses of Issuance and Distribution

         Securities and Exchange Commission filing fee... $ 41,267

         Printing registration statement, prospectus
         exhibits and miscellaneous......................   20,000#

         Blue Sky and legal fees.........................   95,000#

         Accounting services.............................   15,000#

         Miscellaneous...................................    8,733#

           Total......................................... $180,000#

# Estimated

16

Item 15. Indemnification of Directors and Officers

The South Carolina Business Corporation Act of 1988 permits, and the Registrant's By-Laws require, indemnification of the Registrant's directors and officers in a variety of circumstances, which may include indemnification for liabilities under the Securities Act of 1933, as amended (the "Securities Act"). Under sections 33-8-510, 33-8-550 and 33-8-560 of the South Carolina Business Corporation Act of 1988, a South Carolina corporation is authorized generally to indemnify its directors and officers in civil or criminal actions if they acted in good faith and reasonably believed their conduct to be in the best interests of the corporation and, in the case of criminal actions, had no reasonable cause to believe that the conduct was unlawful. The Registrant's By-Laws require indemnification of directors and officers with respect to expenses actually and necessarily incurred by them in connection with the defense or settlement of any action, suit or proceeding in which they are made parties by reason of having been a director or officer, except in relation to matters as to which they shall be adjudged to be liable for willful misconduct in the performance of duty and to such matters as shall be settled by agreement predicated on the existence of such liability. In addition, the Registrant carries insurance on behalf of directors, officers, employees or agents that may cover liabilities under the Securities Act. As permitted by Section 33-2-102 of the South Carolina Business Corporation Act of 1988, the Registrant's Restated Articles of Incorporation provide that no director of the corporation shall be liable to the corporation or its shareholders for monetary damages for breach of his fiduciary duty as a director occurring after April 26, 1989, except for (i) any breach of the director's duty of loyalty to the Registrant or its shareholders,
(ii) acts or omissions not in good faith or which involve gross negligence, intentional misconduct or a knowing violation of law,
(iii) certain unlawful distributions or (iv) any transaction from which the director derived an improper personal benefit.

Item 16. Exhibits

Exhibits required to be filed with this Registration Statement are listed in the following Exhibit Index. Certain of such exhibits which have heretofore been filed with the Securities and Exchange Commission and which are designated by reference to their exhibit numbers in prior filings are hereby incorporated herein by reference and made a part hereof.

17

Item 17. Undertakings

The undersigned Registrant hereby undertakes:

(1) that, for purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in the form of a prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this Registration Statement as of the time it was declared effective;

(2) that, for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof; and

(3) that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

18

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement or amendment thereto to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Columbia, State of South Carolina, on September 6, 1995.

(REGISTRANT)                     SCANA Corporation

By:                              s/L. M. Gressette, Jr.
(Name & Title):                  L. M. Gressette, Jr., Chairman of
                                 the Board, Chief Executive Officer,
                                 President and Director

Pursuant to the requirements of the Securities Act of 1933, this registration statement or amendment thereto has been signed by the following persons in the capacities and on the dates indicated.

(i) Principal executive officer:

By:                              s/L. M. Gressette, Jr.
(Name & Title):                  L. M. Gressette, Jr., Chairman of
                                 the Board, Chief Executive Officer,
                                 President and Director
Date:                            September 6, 1995

(ii) Principal financial officer and principal accounting officer:

By:                              s/W. B. Timmerman
(Name & Title):                  W. B. Timmerman, Executive Vice
                                 President, Chief Financial Officer,
                                 Controller and Director
Date:                            September 6, 1995

(iii) Other Directors:

* B. L. Amick; W. B. Bookhart, Jr.; W. T. Cassels, Jr.; Hugh M. Chapman; J. B. Edwards; E. T. Freeman; B. A. Hagood; W. H. Hipp; B. D. Kenyon; F. C. McMaster; H. Ponder; J. B. Rhodes; E. C. Wall, Jr.

* Signed on behalf of each of these persons:

s/W. B. Timmerman
 (W. B. Timmerman)
(Attorney-in-Fact)

Directors who did not sign:

None

19

SCANA Corporation
EXHIBIT INDEX

                                                                 Sequentially
                                                                   Numbered
Number                                                               Pages
  1.          Underwriting Agreement

              Form of Underwriting Agreement (filed herewith)......    21

  2.          Plan of acquisition, reorganization, arrangement,
              liquidation or succession
              Not applicable

  4.          Instruments defining the rights of security holders,
              including indentures

              A.  Restated Articles of Incorporation of SCANA
                  Corporation as amended and adopted on April 26,
                  1989 (Exhibit 3-A to Registration Statement No.
                  33-49145)

              B.  Articles of Amendment adopted on April 27, 1995
                  (filed herewith).................................    48

              C.  Copy of By-Laws of SCANA Corporation as
                  revised and amended on February 15, 1994
                  (Exhibit 4.2 to Registration Statement 33-56923).    #

 5.           Opinion re legality

              Opinion of A. H. Gibbes (Filed herewith).............    50

 8.           Opinion re tax matters
              Not applicable

12.           Statement Re Computation Of Ratios
              Not Applicable

15.           Letter re unaudited interim financial information
              Not applicable

23.           Consents Of Experts and Counsel

              Consent of Asbury H. Gibbes (Included in his
              opinion filed as Exhibit 5)

              Consent of Deloitte & Touche LLP (Filed herewith)....    51

24.           Power Of Attorney (Filed herewith)...................    52

25.           Statement of eligibility of trustee
              Not applicable

26.           Invitation for competitive bids
              Not applicable

27.           Financial Data Schedule
              Not applicable

28.           Information from reports furnished to State
              insurance regulatory authorities
              Not applicable

99.           Additional exhibits
              Not applicable

# Incorporated herein by reference as indicated.

20

EXHIBIT 1

4,500,000 Shares
SCANA CORPORATION
Common Stock

UNDERWRITING AGREEMENT

, 1995

PAINEWEBBER INCORPORATED
THE ROBINSON-HUMPHREY COMPANY, INC.
As Representatives of the
several Underwriters
c/o PaineWebber Incorporated
1285 Avenue of the Americas
New York, New York 10019

SCANA Corporation, a South Carolina corporation (the "Company"), proposes to sell an aggregate of 4,500,000 shares (the "Firm Shares") of the Company's Common Stock, no par value per share (the "Common Stock"), to you and to the other underwriters named in Schedule I (collectively, the "Underwriters"), for whom you are acting as representatives (collectively, the "Representative"). The Company has also agreed to grant to you and the other Underwriters an option (the "Option") to purchase up to an additional 675,000 shares of Common Stock (the "Option Shares") on the terms and for the purposes set forth in Section 1(b). The Firm Shares and the Option Shares are hereinafter collectively referred to as the "Shares."

The initial public offering price per share for the Shares and the purchase price per share for the Shares to be paid by the several Underwriters shall be agreed upon by the Company and the Representative, acting on behalf of the several Underwriters, and such agreement shall be set forth in a separate written instrument substantially in the form of Exhibit A hereto (the "Price Determination Agreement"). The Price Determination Agreement may take the form of an exchange of any standard form of written telecommunication among the Company and the Representative and shall specify such applicable information as is indicated in Exhibit A hereto. The offering of the Shares will be governed by this Agreement, as supplemented by the Price Determination Agreement. From and after the date of the execution and delivery of the Price Determination Agreement, this Agreement shall be deemed to incorporate, and, unless the context otherwise indicates, all references contained herein to "this Agreement" and to the phrase "herein" shall be deemed to include, the Price Determination Agreement.

The Company confirms as follows its agreements with the Representative and the several other Underwriters.

21

1. Agreement to Sell and Purchase.

(a) On the basis of the representations, warranties and agreements of the Company herein contained and subject to all the terms and conditions of this Agreement, the Company agrees to sell to each Underwriter named below, and each Underwriter, severally and not jointly, agrees to purchase from the Company at the purchase price per share for the Firm Shares to be agreed upon by the Representative and the Company in accordance with
Section 1(c) or 1(d) and set forth in the Price Determination Agreement, the number of Firm Shares set forth opposite the name of such Underwriter in Schedule I, plus such additional number of Firm Shares which such Underwriter may become obligated to purchase pursuant to Section 8 hereof. If the Company elects to rely on Rule 430A (as hereinafter defined), Schedule I may be attached to the Price Determination Agreement.

(b) Subject to all the terms and conditions of this Agreement, the Company grants the Option to the several Underwriters to purchase, severally and not jointly, up to 675,000 Option Shares from the Company at the same price per share as the Underwriters shall pay for the Firm Shares. The Option may be exercised only to cover over-allotments in the sale of the Firm Shares by the Underwriters and may be exercised in whole or in part at any time (but not more than once) on or before the 45th day after the date of this Agreement (or, if the Company has elected to rely on Rule 430A, on or before the 45th day after the date of the Price Determination Agreement), upon written or telegraphic notice (the "Option Shares Notice") by the Representative to the Company no later than 12:00 noon, New York City time, at least two and no more than five business days before the date specified for closing in the Option Shares Notice (the "Option Closing Date") setting forth the aggregate number of Option Shares to be purchased and the time and date for such purchase. On the Option Closing Date, the Company will issue and sell to the Underwriters the number of Option Shares set forth in the Option Shares Notice, and each Underwriter will purchase such percentage of the Option Shares as is equal to the percentage of Firm Shares that such Underwriter is purchasing, as adjusted by the Representative in such manner as it deems advisable to avoid fractional shares.

(c) If the Company has elected not to rely on Rule 430A, the initial public offering price per share for the Firm Shares and the purchase price per share for the Firm Shares to be paid by the several Underwriters shall be agreed upon and set forth in the Price Determination Agreement, which shall be dated the date hereof, and an amendment to the Registration Statement (as hereinafter defined) containing such per share price information shall be filed before the Registration Statement becomes effective.

(d) If the Company has elected to rely on Rule 430A, the initial public offering price per share for the Firm Shares and the purchase price per share for the Firm Shares to be paid by the several Underwriters shall be agreed upon and set forth in the Price Determination Agreement. In the event that the Price Determination Agreement has not been executed by the close of business on the fifteenth business day following the date on which the Registration Statement becomes effective, this Agreement shall terminate forthwith, without liability of any party to any other party except that Section 6 shall remain in effect.

22

2. Delivery and Payment. Delivery of the Firm Shares shall be made to the Representative for the accounts of the Underwriters against payment of the purchase price by certified or official bank check payable in New York Clearing House (next-day) funds to the order of the Company at the office of Reid & Priest LLP, 40 West 57th Street, New York, New York 10019. Such payments shall be made at 10:00 a.m., New York City time, on the fourth business day following the date of this Agreement or, if the Company has elected to rely on Rule 430A, the fourth business day after the date on which the first bona fide offering of the Shares to the public is made by the Underwriters or at such time on such other date, not later than seven business days after the date of this Agreement, as may be agreed upon by the Company and the Representative (such date is hereinafter referred to as the "Closing Date").

To the extent the Option is exercised, delivery of the Option Shares against payment by the Underwriters (in the manner specified above) will take place at the offices specified above for the Closing Date at the time and date (which may be the Closing Date) specified in the Option Shares Notice.

Certificates evidencing the Shares shall be in definitive form and shall be registered in such names and in such denominations as the Representative shall request at least two business days prior to the Closing Date or the Option Closing Date, as the case may be, by written notice to the Company. For the purpose of expediting the checking and packaging of certificates for the Shares, the Company agrees to make such certificates available for inspection at least 24 hours prior to the Closing Date or the Option Closing Date, as the case may be.

The cost of original issue tax stamps, if any, in connection with the issuance and delivery of the Firm Shares and Option Shares by the Company to the respective Underwriters shall be borne by the Company. The Company will pay and save each Underwriter and any subsequent holder of the Shares harmless from any and all liabilities with respect to or resulting from any failure or delay in paying Federal and state stamp and other transfer taxes, if any, which may be payable or determined to be payable in connection with the original issuance or sale to such Underwriter of the Firm Shares and Option Shares.

3. Representations and Warranties of the Company.

The Company represents, warrants and covenants to each Underwriter that:

(a) The Company meets the requirements for use of Form S-3 and a registration statement (Registration No. ) on Form S-3 relating to the Shares, including a preliminary prospectus and such amendments to such registration statement as may have been required to the date of this Agreement, has been prepared by the Company under the provisions of the Securities Act of 1933, as amended (the "Act"), and the rules and regulations (collectively referred to as the "Rules and Regulations") of the Securities and Exchange Commission (the "Commission") thereunder, and has been filed with the Commission. The term "preliminary prospectus" as used herein means a preliminary prospectus as contemplated by Rule 430 or Rule 430A ("Rule 430A") of the Rules and Regulations included at any time as part of the registration statement. Copies of such registration statement and amendments and of each related preliminary prospectus have been delivered to the Representative. If such registration statement has not become effective, a further amendment to such registration statement, including a form of final prospectus, necessary to permit such registration statement to become effective will be filed promptly by the Company with the Commission. If such registration statement has become effective, a final prospectus containing information permitted to be omitted at the time of

23

effectiveness by Rule 430A will be filed by the Company with the Commission in accordance with Rule 424(b) of the Rules and Regulations promptly after execution and delivery of the Price Determination Agreement. The term "Registration Statement" means the registration statement as amended at the time it becomes or became effective (the "Effective Date"), including financial statements and all exhibits and any information deemed to be included by Rule 430A. The term "Prospectus" means the prospectus as first filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations or, if no such filing is required, the form of final prospectus included in the Registration Statement at the Effective Date. Any reference herein to the Registration Statement, any preliminary prospectus or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form S-3 which were filed under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), on or before the Effective Date or the date of such preliminary prospectus or the Prospectus, as the case may be. Any reference herein to the terms "amend," "amendment" or "supplement" with respect to the Registration Statement, any preliminary prospectus or the Prospectus shall be deemed to refer to and include the filing of any document under the Exchange Act after the Effective Date, or the date of any preliminary prospectus or the Prospectus, as the case may be, and deemed to be incorporated therein by reference.

(b) On the Effective Date, the date the Prospectus is first filed with the Commission pursuant to Rule 424(b) (if required), at all times subsequent to and including the Closing Date and, if later, the Option Closing Date and when any post- effective amendment to the Registration Statement becomes effective or any amendment or supplement to the Prospectus is filed with the Commission, the Registration Statement and the Prospectus (as amended or as supplemented if the Company shall have filed with the Commission any amendment or supplement thereto), including the financial statements included or incorporated by reference in the Prospectus, did or will comply with all applicable provisions of the Act, the Exchange Act, the rules and regulations thereunder (the "Exchange Act Rules and Regulations") and the Rules and Regulations and will contain all statements required to be stated therein in accordance with the Act, the Exchange Act, the Exchange Act Rules and Regulations and the Rules and Regulations. On the Effective Date and when any post-effective amendment to the Registration Statement becomes effective, no part of the Registration Statement or any such amendment did or will contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein not misleading. At the Effective Date, the date the Prospectus or any amendment or supplement to the Prospectus is filed with the Commission and at the Closing Date and, if later, the Option Closing Date, the Prospectus did not or will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. The foregoing representations and warranties in this Section 3(b) do not apply to any statements or omissions made in reliance on and in conformity with information relating to any Underwriter furnished in writing to the Company by the Representative specifically for inclusion in the Registration Statement or the Prospectus or any amendment or supplement thereto. For all purposes of this Agreement, the amounts of the selling concession and reallowance set forth under the caption "Underwriting" set forth in the Prospectus and any information required under the Rules and Regulations or the Exchange Act Rules and Regulations with respect to the date of commencement of stabilizing activities or any passive market making constitute the only information relating to any Underwriter furnished in writing to the Company by the Representative specifically for inclusion in the Registration Statement, the preliminary prospectus or the Prospectus. The Company has not distributed any offering material in connection with the offering or sale of the Shares other than the Registration Statement, the preliminary prospectus, the Prospectus or any other materials, if any, permitted by the Act.

24

(c) The documents which are incorporated by reference in the preliminary prospectus and the Prospectus or from which information is so incorporated by reference, when they became effective or were filed with the Commission, as the case may be, complied in all material respects with the requirements of the Act or the Exchange Act, as applicable, the Exchange Act Rules and Regulations and the Rules and Regulations; and any documents so filed and incorporated by reference subsequent to the Effective Date shall, when they are filed with the Commission, conform in all material respects with the requirements of the Act and the Exchange Act, as applicable, the Exchange Act Rules and Regulations and the Rules and Regulations.

(d) The Company and each of its subsidiaries is, and at the Closing Date, and if later, the Option Closing Date, will be, a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation. The Company and each of its subsidiaries has, and at the Closing Date, and if later, the Option Closing Date, will have, full power and authority to conduct all the activities conducted by it, to own or lease all the assets owned or leased by it and to conduct its business as described in the Registration Statement and the Prospectus. The Company and each of its subsidiaries is, and at the Closing Date, and if later, the Option Closing Date, will be, duly licensed or qualified to do business and in good standing as a foreign corporation in each jurisdiction which requires licensing or qualification. The Company, either directly or indirectly, is the sole record and beneficial owner of all of the capital stock of each of its subsidiaries, except as disclosed in the Registration Statement or the Prospectus.

(e) The outstanding shares of Common Stock have been, and the Shares to be issued and sold by the Company upon such issuance will be, duly authorized, validly issued, fully paid and nonassessable and will not be subject to any preemptive or similar right. The description of the Common Stock in the Registration Statement and the Prospectus is, and at the Closing Date, and if later, the Option Closing Date, will be, complete and accurate in all material respects. Except as set forth in the Prospectus for shares issuable under the Company's Investor Plus Plan and Stock Purchase-Savings Plan, the Company does not have outstanding, and at the Closing Date, and if later, the Option Closing Date, will not have outstanding, any options to purchase, or any rights or warrants to subscribe for, or any securities or obligations convertible into, or any contracts or commitments to issue or sell, any shares of Common Stock, any shares of capital stock of any of its subsidiaries or any such warrants, convertible securities or obligations.

(f) The financial statements and schedules included or incorporated by reference in the Registration Statement or the Prospectus present fairly the consolidated financial condition of the Company as of the respective dates thereof and the consolidated results of operations and cash flows of the Company for the respective periods covered thereby, all in conformity with generally accepted accounting principles applied on a consistent basis throughout the entire period involved, except as otherwise disclosed in the Prospectus. No other financial statements or schedules of the Company are required by the Act, the Exchange Act or the Rules and Regulations to be included in the Registration Statement or the Prospectus. Deloitte & Touche LLP (the "Accountants"), who have reported on such year-end financial statements and schedules, are independent accountants with respect to the Company as required by the Act and the Rules and Regulations. The statements included in the Registration Statement with respect to the Accountants pursuant to Rule 509 of Regulation S-K of the Rules and Regulations are true and correct in all material respects.

25

(g) The Company maintains a system of internal accounting controls sufficient to provide reasonable assurance that
(i) transactions are executed in accordance with management's general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management's general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

(h) Subsequent to the respective dates as of which information is given in the Registration Statement and the Prospectus and prior to the Closing Date, and if later, the Option Closing Date, except as set forth in or contemplated by the Registration Statement and the Prospectus, (i) there has not been and will not have been any change in the capitalization of the Company, except for shares of Common Stock issued pursuant to the Company's Investor Plus Plan and the Company's Stock Purchase- Savings Plan, nor shall there have been any change which is reasonably expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise, (ii) neither the Company nor any of its subsidiaries has incurred nor will it incur any liabilities or obligations, direct or contingent, nor has it entered into nor will it enter into any transactions other than pursuant to this Agreement and the transactions referred to herein, other than liabilities, obligations, and transactions which are not material to the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise, and (iii) the Company has not and will not have paid or declared any dividends or other distributions of any kind on any class of its capital stock, except for regular quarterly dividends on the Common Stock of the Company in an amount not exceeding $.36 per share per quarter.

(i) The Company is a "public utility holding company" within the meaning of the Public Utility Holding Company Act of 1935, as amended, but is exempt from registration as such under such Act; and the Company is not subject to registration under the Investment Company Act of 1940, as amended.

(j) Except as set forth in the Registration Statement and the Prospectus, there are no actions, suits or proceedings pending or threatened against or affecting the Company or any of its subsidiaries or any of their respective officers in their capacity as such, before or by any Federal or state court, commission, regulatory body, administrative agency or other governmental body, domestic or foreign, wherein an unfavorable ruling, decision or finding would be reasonably expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise.

(k) The Company and each of its subsidiaries have, and at the Closing Date, and if later, the Option Closing Date, will have, (i) all material governmental licenses, permits, consents, orders, approvals and other authorizations necessary to carry on its business as contemplated in the Prospectus,
(ii) complied in all material respects with all laws, regulations and orders applicable to it or its business and (iii) performed in all material respects the obligations required to be performed by it, and is not, and at the Closing Date, and if later, the Option Closing Date, will not be, in default, under any indenture, mortgage, deed of trust, voting trust agreement, loan agreement, bond, debenture, note agreement, lease, contract or other agreement or instrument (collectively, a "contract or other agreement") to which it is a party or by which its property is bound or affected, except for such defaults as are not reasonably expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of

26

operations of the Company and its subsidiaries considered as one enterprise. To the best knowledge of the Company and each of its subsidiaries, no other party under any material contract or other agreement to which it is a party is in default in any respect thereunder. Neither the Company nor any of its subsidiaries is, nor at the Closing Date, and if later, the Option Closing Date, will any of them be, in violation of any provision of its articles of incorporation or by-laws.

(l) No consent, approval, authorization or order of, or any filing or declaration with, any court or governmental agency or body is required for the consummation by the Company of the transactions on its part herein contemplated, except such as have been obtained under the Act or the Rules and Regulations and such as may be required under state securities or Blue Sky laws or the by-laws and rules of the National Association of Securities Dealers, Inc. (the "NASD") in connection with the purchase and distribution by the Underwriters of the Shares.

(m) The Company has full corporate power and authority to enter into this Agreement. This Agreement has been duly authorized, executed and delivered by the Company and, assuming due authorization, execution and delivery hereof by the Underwriters, constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with the terms hereof. The performance of this Agreement and the consummation of the transactions contemplated hereby will not result in the creation or imposition of any lien, charge or encumbrance upon any of the assets of the Company or any of its subsidiaries pursuant to the terms or provisions of, or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or give any other party a right to terminate any of its obligations under, or result in the acceleration of any obligation under, the articles of incorporation or by-laws of the Company or any of its subsidiaries, any contract or other agreement to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries or any of their properties is bound or affected, or violate or conflict with any judgment, ruling, decree, order, statute, rule or regulation of any court or other governmental agency or body applicable to the business or properties of the Company or any of its subsidiaries, except for liens, charges, encumbrances, breaches, violations, defaults or conflicts which are not reasonably expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise.

(n) The Company and each of its subsidiaries has good and marketable title to all properties and assets described in the Prospectus as owned by it, free and clear of all liens, charges, encumbrances or restrictions, except such as are described in the Prospectus or are not material to the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company or its subsidiaries considered as one enterprise. The Company and each of its subsidiaries has valid, subsisting and enforceable leases for the properties described in the Prospectus as leased by it, with such exceptions as are not material and do not materially interfere with the use made and proposed to be made of such properties by the Company and its subsidiaries.

(o) There is no document or contract of a character required to be described in the Registration Statement or the Prospectus or to be filed as an exhibit to the Registration Statement which is not described or filed as required. All such contracts to which the Company or any of its subsidiaries is a party have been duly authorized, executed and delivered by the Company or such of its subsidiaries, constitute valid and binding agreements of the Company or such of its subsidiaries and are enforceable against the Company or such of its subsidiaries in accordance with the terms thereof.

27

(p) No statement, representation, warranty or covenant made by the Company in this Agreement or made in any certificate or document required by this Agreement to be delivered to the Representative was or will be, when made, inaccurate, untrue or incorrect.

(q) Neither the Company nor any of its directors, officers or controlling persons has taken, directly or indirectly, any action intended, or which might reasonably be expected, to cause or result, under the Act or otherwise, in, or which has constituted, stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Shares.

(r) No holder of securities of the Company has rights to the registration of any securities of the Company because of the filing of the Registration Statement.

(s) Prior to the Closing Date, the Shares will be duly authorized for listing by the New York Stock Exchange upon official notice of issuance.

(t) Neither the Company nor any of its subsidiaries is involved in any material labor dispute nor, to the knowledge of the Company, is any such dispute threatened.

(u) The Company and its subsidiaries own, or are licensed or otherwise have the full exclusive right to use, all material trademarks and trade names which are used in or necessary for the conduct of their respective businesses as described in the Prospectus. No claims have been asserted by any person to the use of any such trademarks or trade names or challenging or questioning the validity or effectiveness of any such trademark or trade name. The use, in connection with the business and operations of the Company and its subsidiaries, of such trademarks and trade names does not, to the Company's knowledge, infringe on the rights of any person.

(v) Neither the Company nor any of its subsidiaries nor, to the Company's knowledge, any employee or agent of the Company or any of its subsidiaries, has made any payment of funds of the Company or any of its subsidiaries or received or retained any funds in violation of any law, rule or regulation or of a character required to be disclosed in the Prospectus.

(w) The Company has duly registered with the Commission as a transfer agent, within the meaning of the Exchange Act, with respect to the Common Stock, and is in compliance with the Exchange Act Rules and Regulations with respect to its activities as transfer agent.

4. Agreements of the Company.

The Company agrees with the several Underwriters as follows:

(a) The Company will not, either prior to the Effective Date or thereafter during such period as the Prospectus is required by law to be delivered in connection with sales of the Shares by an Underwriter or dealer, file any amendment or supplement to the Registration Statement or the Prospectus, unless a copy thereof shall first have been submitted to the Representative within a reasonable period of time prior to the filing thereof and the Representative shall not have objected thereto in good faith.

28

(b) The Company will use its best efforts to cause the Registration Statement to become effective, and will notify the Representative promptly, and will confirm such advice in writing,
(1) when the Registration Statement has become effective and when any post-effective amendment thereto becomes effective, (2) of any request by the Commission for amendments or supplements to the Registration Statement or the Prospectus or for additional information, (3) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose or the threat thereof, (4) of the happening of any event during the period mentioned in the second sentence of Section 4(e) that in the judgment of the Company makes any statement made in the Registration Statement or the Prospectus untrue in any material respect or that requires the making of any changes in the Registration Statement or the Prospectus in order to make the statements therein, in light of the circumstances in which they are made, not misleading and (5) of receipt by the Company or any representative or attorney of the Company of any other communication from the Commission relating to the Company, the Registration Statement, any preliminary prospectus or the Prospectus. If at any time the Commission shall issue any order suspending the effectiveness of the Registration Statement, the Company will make every reasonable effort to obtain the withdrawal of such order at the earliest possible moment. If the Company has omitted any information from the Registration Statement pursuant to Rule 430A, the Company will use its best efforts to comply with the provisions of and make all requisite filings with the Commission pursuant to said Rule 430A and to notify the Representative promptly of all such filings.

(c) The Company will furnish to the Representative, without charge, two signed copies of the Registration Statement and of any post-effective amendment thereto, including financial statements and schedules, and all exhibits thereto (including any document filed under the Exchange Act and deemed to be incorporated by reference into the Prospectus), and will furnish to the Representative, without charge, for transmittal to each of the other Underwriters, a copy of the Registration Statement and any post-effective amendment thereto, including financial statements and schedules but without exhibits.

(d) The Company will comply with all the provisions of any undertakings contained in the Registration Statement.
(e) On the Effective Date, and thereafter from time to time, the Company will deliver to each of the Underwriters, without charge, as many copies of the Prospectus or any amendment or supplement thereto as the Representative may reasonably request. The Company consents to the use of the Prospectus or any amendment or supplement thereto by the several Underwriters and by all dealers to which the Shares may be sold, both in connection with the offering or sale of the Shares and for any period of time thereafter during which the Prospectus is required by law to be delivered in connection therewith. If during such period of time any event shall occur which in the judgment of the Company or counsel to the Underwriters should be set forth in the Prospectus in order to make any statement therein, in the light of the circumstances under which it was made, not misleading, or if it is necessary to supplement or amend the Prospectus to comply with law, the Company will forthwith prepare and duly file with the Commission an appropriate supplement or amendment thereto, and will deliver to each of the Underwriters, without charge, such number of copies thereof as the Representative may reasonably request. The Company shall not file any document under the Exchange Act before the termination of the offering of the Shares by the Underwriters if such document would be deemed to be incorporated by reference into the Prospectus which is not approved by the Representative after reasonable notice thereof.

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(f) Prior to any public offering of the Shares by the Underwriters, the Company will cooperate with the Representative and counsel to the Underwriters in connection with the registration or qualification of the Shares for offer and sale under the securities or Blue Sky laws of such jurisdictions as the Representative may request; provided, that in no event shall the Company be obligated to qualify to do business in any jurisdiction where it is not now so qualified or to take any action which would subject it to general service of process in any jurisdiction where it is not now so subject.

(g) During the period of five years commencing on the Effective Date, the Company will furnish to the Representative and each other Underwriter who may so request copies of such financial statements and other periodic and special reports as the Company may from time to time distribute generally to the holders of any class of its capital stock, and will furnish to the Representative and each other Underwriter who may so request a copy of each annual or other report it shall be required to file with the Commission.

(h) The Company will make generally available to holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth full calendar month following the calendar quarter in which the Effective Date falls, an earning statement (which need not be audited but shall be in reasonable detail) for a period of 12 months ended commencing after the Effective Date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).

(i) Whether or not the transactions contemplated by this Agreement are consummated or this Agreement is terminated, the Company will pay, or reimburse if paid by the Representative, all costs and expenses incident to the performance of the obligations of the Company under this Agreement, including but not limited to costs and expenses of or relating to (1) the preparation, printing and filing of the Registration Statement and exhibits to it, each preliminary prospectus, the Prospectus and any amendment or supple- ment to the Registration Statement or the Prospectus, (2) the preparation and delivery of certificates representing the Shares,
(3) furnishing (including costs of shipping and mailing) such copies of the Registration Statement, the Prospectus and any preliminary prospectus, and all amendments and supplements thereto, as may be requested for use in connection with the offering and sale of the Shares by the Underwriters or by dealers to whom Shares may be sold, (4) the listing of the Shares on the New York Stock Exchange, (5) any filings required to be made by the Underwriters with the NASD, and the fees, disbursements and other charges of counsel for the Underwriters in connection therewith, (6) the registration or qualification of the Shares for offer and sale under the securities or Blue Sky laws of such jurisdictions designated pursuant to Section 4(f), including the fees, disbursements and other charges of counsel to the Underwriters in connection therewith, and the preparation and printing of preliminary, supplemental and final Blue Sky memoranda, (7) counsel to the Company and (8) the transfer agent for the Shares.

(j) If this Agreement shall be terminated by the Company pursuant to any of the provisions hereof (otherwise than pursuant to Section 8) or if for any reason the Company shall be unable to perform its obligations hereunder, the Company will reimburse the several Underwriters for all out-of-pocket expenses (including the fees, disbursements and other charges of counsel to the Underwriters) reasonably incurred by them in connection herewith.

(k) The Company will not at any time, directly or indirectly, take any action intended, or which might reasonably be expected, to cause or result in, or which will constitute, stabilization of the price of the shares of Common Stock to facilitate the sale or resale of any of the Shares.

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(l) The Company will apply the net proceeds from the offering and sale of the Shares to be sold by the Company in the manner set forth in the Prospectus under "Use of Proceeds."

(m) The Company will not for a period of 90 days after the commencement of the public offering of the Shares, without the prior written consent of the Representative, sell, contract to sell or otherwise dispose of any shares of Common Stock or rights to acquire such shares (other than pursuant to the Company's Investor Plus Plan, the Company's Stock Purchase-Savings Plan or in connection with other employee incentive compensation arrangements).

5. Conditions of the Obligations of the Underwriters.

In addition to the execution and delivery of the Price Determination Agreement, the obligations of each Underwriter hereunder are subject to the following conditions:

(a) Notification that the Registration Statement has become effective shall be received by the Representative not later than 5:00 p.m., New York City time, on the date of this Agreement or at such later date and time as shall be consented to in writing by the Representative and all filings required by Rule 424 of the Rules and Regulations and Rule 430A shall have been made.

(b) (i) No stop order suspending the effectiveness of the Registration Statement shall have been issued and no proceedings for that purpose shall be pending or threatened by the Commission, (ii) no order suspending the effectiveness of the Registration Statement or the qualification or registration of the Shares under the securities or Blue Sky laws of any jurisdiction shall be in effect and no proceeding for such purpose shall be pending before or threatened or contemplated by the Commission or the authorities of any such jurisdiction, (iii) any request for additional information on the part of the staff of the Commission or any such authorities shall have been complied with to the satisfaction of the staff of the Commission or such authorities and
(iv) after the date hereof no amendment or supplement to the Registration Statement or the Prospectus shall have been filed unless a copy thereof was first submitted to the Representative and the Representative did not object thereto in good faith, and the Representative shall have received certificates, dated the Closing Date and the Option Closing Date and signed by the Chief Executive Officer or the Chairman of the Board of Directors of the Company and the Chief Financial Officer of the Company (who may, as to proceedings threatened, rely upon the best of their information and belief), to the effect of clauses (i), (ii) and (iii).

(c) Since the respective dates as of which information is given in the Registration Statement and the Prospectus, (i) there shall not have been a material adverse change in the general affairs, business, business prospects, properties, management, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise, whether or not arising from transactions in the ordinary course of business, in each case other than as set forth in or contemplated by the Registration Statement and the Prospectus and (ii) neither the Company nor any of its subsidiaries shall have sustained any material loss or interference with its business or properties from fire, explosion, flood or other casualty, whether or not covered by insurance, or from any labor dispute or any court or legislative or other governmental action, order or decree, which is not set forth in the Registration Statement and the Prospectus, if in the judgment of the Representative any such development makes it impracticable or inadvisable to consummate the sale and delivery of the Shares by the Underwriters at the initial public offering price.

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(d) Since the respective dates as of which information is given in the Registration Statement and the Prospectus, there shall have been no litigation or other proceeding instituted against the Company or any of its subsidiaries or any of their respective officers or directors in their capacities as such, before or by any Federal, state or local court, commission, regulatory body, administrative agency or other governmental body, domestic or foreign, in which litigation or proceeding an unfavorable ruling, decision or finding would be reasonably expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise.

(e) Each of the representations and warranties of the Company contained herein shall be true and correct in all material respects at the Closing Date and, with respect to the Option Shares, at the Option Closing Date, as if made at the Closing Date and, with respect to the Option Shares, at the Option Closing Date, and all covenants and agreements herein contained to be performed on the part of the Company and all conditions herein contained to be fulfilled or complied with by the Company at or prior to the Closing Date and, with respect to the Option Shares, at or prior to the Option Closing Date, shall have been duly performed, fulfilled or complied with.

(f) The Representative shall have received opinions, dated the Closing Date and, with respect to the Option Shares, the Option Closing Date, and satisfactory in form and substance to counsel for the Underwriters, from Asbury H. Gibbes, Esquire, and McNair Law Firm, P.A., counsel to the Company, in substantially the respective forms set forth in Exhibit B and Exhibit C.

(g) The Representative shall have received opinions, dated the Closing Date and, with respect to the Option Shares, the Option Closing Date, from Reid & Priest LLP, counsel to the Underwriters, with respect to the Registration Statement, the Prospectus and this Agreement, which opinion shall be satisfactory in all respects to the Representative.

(h) Concurrently with the execution and delivery of this Agreement, or, if the Company elects to rely on Rule 430A, on the date of the Prospectus, the Accountants shall have furnished to the Representative a letter, dated the date of its delivery, addressed to the Representative and in form and substance satisfactory to the Representative, confirming that they are independent accountants with respect to the Company as required by the Act and the Rules and Regulations and with respect to the financial and other statistical and numerical information contained in the Registration Statement or incorporated by reference therein. At the Closing Date and, as to the Option Shares, the Option Closing Date, the Accountants shall have furnished to the Representative a letter, dated the date of its delivery, which shall confirm, on the basis of a review in accordance with the procedures set forth in the letter from the Accountants, that nothing has come to their attention during the period from the date of the letter referred to in the prior sentence to a date (specified in the letter) not more than five days prior to the Closing Date and the Option Closing Date which would require any change in their letter dated the date hereof, or, if the Company elects to rely on Rule 430A, dated the date of the Prospectus, if it were required to be dated and delivered at the Closing Date and the Option Closing Date.

(i) Concurrently with the execution and delivery of this Agreement or, if the Company elects to rely on Rule 430A, on the date of the Prospectus, and at the Closing Date and, as to the Option Shares, the Option Closing Date, there shall be furnished to the Representative an accurate certificate, dated the date of its delivery, signed by each of the Chief Executive Officer and the Chief Financial Officer of the Company, in form and substance satisfactory to the Representative, to the effect that:

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(i) Each signer of such certificate has carefully examined the Registration Statement and the Prospectus (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Prospectus) and (A) as of the date of such certificate, such documents are true and correct in all material respects and do not omit to state a material fact required to be stated therein or necessary in order to make the statements therein not untrue or misleading and (B) in the case of the certificate delivered at the Closing Date and the Option Closing Date, since the Effective Date no event has occurred as a result of which it is necessary to amend or supplement the Pro- spectus in order to make the statements therein not untrue or misleading in any material respect and there has been no document required to be filed under the Exchange Act and the Exchange Act Rules and Regulations that upon such filing would be deemed to be incorporated by reference into the Prospectus that has not been so filed.

(ii) Each of the representations and warranties of the Company contained in this Agreement were, when originally made, and are, at the time such certificate is delivered, true and correct in all material respects.

(iii) Each of the covenants required herein to be performed by the Company on or prior to the delivery of such certificate has been duly, timely and fully performed and each condition herein required to be complied with by the Company on or prior to the date of such certificate has been duly, timely and fully complied with.

(j) The Shares shall be qualified for sale in such states as the Representative may reasonably request, each such qualification shall be in effect and not subject to any stop order or other proceeding on the Closing Date and the Option Closing Date.

(k) Prior to the Closing Date, the Shares shall have been duly authorized for listing by the New York Stock Exchange upon official notice of issuance.

(l) The Company shall have furnished to the Representative such certificates, in addition to those specifically mentioned herein, as the Representative may have reasonably requested as to the accuracy and completeness at the Closing Date and the Option Closing Date of any statement in the Registration Statement or the Prospectus or any documents filed under the Exchange Act and deemed to be incorporated by reference into the Prospectus, as to the accuracy at the Closing Date and the Option Closing Date of the representations and warranties of the Company herein, as to the performance by the Company of its obligations hereunder, or as to the fulfillment of the conditions concurrent and precedent to the obligations hereunder of the Representative.

6. Indemnification.

(a) The Company will indemnify and hold harmless each Underwriter, the directors, officers, employees and agents of each Underwriter and each person, if any, who controls each Underwriter within the meaning of Section 15 of the Act or Section 20 of the Exchange Act from and against any and all losses, claims, liabilities, expenses and damages (including any and all investigative, legal and other expenses reasonably incurred in connection with, and any amount paid in settlement of, any action, suit or proceeding or any claim asserted), to which they, or any of them, may become subject under the Act, the Exchange Act or other Federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, liabilities, expenses or damages arise out of or are based on any untrue statement or alleged untrue statement of a material fact contained in any

33

preliminary prospectus, the Registration Statement or the Prospectus or any amendment or supplement to the Registration Statement or the Prospectus or in any documents filed under the Exchange Act and deemed to be incorporated by reference into the Prospectus, or the omission or alleged omission to state in such document a material fact required to be stated in it or necessary to make the statements in it not misleading, provided that the Company will not be liable to the extent that such loss, claim, liability, expense or damage arises from the sale of the Shares in the public offering to any person by an Underwriter and is based on an untrue statement or omission or alleged untrue statement or omission made in reliance on and in conformity with information relating to any Underwriter furnished in writing to the Company by the Representative on behalf of any Underwriter expressly for inclusion in the Registration Statement, any preliminary prospectus or the Prospectus, and provided further that the Company will not be liable to any Underwriter, the directors, officers, employees or agents of such Underwriter or any person controlling such Underwriter with respect to any loss, claim, liability, expense, charge or damage arising out of or based on any untrue statement or alleged untrue statement or omission or alleged omission to state a material fact in any preliminary prospectus which is corrected in the Prospectus if the person asserting any such loss, claim, liability, charge or damage purchased Shares from such Underwriter but was not sent or given a copy of the Prospectus at or prior to the written confirmation of the sale of such Shares to such Person. This indemnity agreement will be in addition to any liability that the Company might otherwise have.

(b) Each Underwriter will indemnify and hold harmless the Company, each person, if any, who controls the Company within the meaning of Section 15 of the Act or Section 20 of the Exchange Act, each director, officer, employee or agent of the Company to the same extent as the foregoing indemnity from the Company to each Underwriter, but only insofar as losses, claims, liabilities, expenses or damages arise out of or are based on any untrue statement or omission or alleged untrue statement or omission made in reliance on and in conformity with information relating to any Underwriter furnished in writing to the Company by the Representative on behalf of such Underwriter expressly for use in the Registration Statement, any preliminary prospectus or the Prospectus. This indemnity will be in addition to any liability that each Underwriter might otherwise have.

(c) Any party that proposes to assert the right to be indemnified under this Section 6 will, promptly after receipt of notice of any threatened claim or the commencement of any action against such party in respect of which a claim is to be made against an indemnifying party or parties under this Section 6, notify each such indemnifying party of such threatened claim or the commencement of such action, enclosing a copy of all papers served, but the omission so to notify such indemnifying party will not relieve it from any liability that it may have to any indemnified party under the foregoing provisions of this Section 6 unless, and only to the extent that, such omission results in actual prejudice to the indemnifying party caused by such omission. If any such action is brought against any indemnified party and it notifies the indemnifying party of its commencement, the indemnifying party will be entitled to participate in and, to the extent that it elects by delivering written notice to the indemnified party promptly after receiving notice of the commencement of the action from the indemnified party, jointly with any other indemnifying party similarly notified, to assume the defense of the action, with counsel satisfactory to the indemnified party, and after notice from the indemnifying party to the indemnified party of its election to assume the defense, the indemnifying party will not be liable to the indemnified party for any legal or other expenses except as provided below and except for the reasonable costs of investigation subsequently incurred by the indemnified party in connection with the defense. The indemnified party will have the right to employ its own counsel in any such action, but the fees, expenses and other charges of such counsel will

34

be at the expense of such indemnified party unless (1) the employment of counsel by the indemnified party has been authorized in writing by the indemnifying party, (2) the indemnified party has reasonably concluded (based on advice of counsel) that there may be legal defenses available to it or other indemnified parties that are different from or in addition to those available to the indemnifying party, (3) a conflict or potential conflict exists (based on advice of counsel to the indemnified party) between the indemnified party and the indemnifying party (in which case the indemnifying party will not have the right to direct the defense of such action on behalf of the indemnified party) or (4) the indemnifying party has not in fact employed counsel to assume the defense of such action within a reasonable time after receiving notice of the commencement of the action, in each of which cases the reasonable fees, disbursements and other charges of counsel will be at the expense of the indemnifying party or parties. It is understood that the indemnifying party or parties shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees, disbursements and other charges of more than one separate firm admitted to practice in such jurisdiction at any one time for all such indemnified party or parties. All such fees, disbursements and other charges will be reimbursed by the indemnifying party promptly as they are incurred. An indemnifying party will not be liable for any settlement of any action or claim effected without its written consent (which consent will not be unreasonably withheld). Notwithstanding anything in this Agreement to the contrary, if an indemnified party withholds its consent to any settlement arranged by an indemnifying party involving only the payment of money and the asserted liability is ultimately determined to be greater than the amount of the arranged settlement, the damages to be paid by the indemnifying party with respect to such liability shall not exceed the amount of such arranged settlement plus the amount of all expenses incurred with respect to such asserted liability through the date on which such arrangement of settlement was made and communicated to the indemnified party, with the indemnified party being responsible for all expenses incurred with respect to such asserted liability thereafter.

(d) In order to provide for just and equitable contribution in circumstances in which the indemnification provided for in the foregoing paragraphs of this Section 6 is applicable in accordance with its terms but for any reason is held to be unavailable from the Company or the Underwriters, the Company and the Underwriters will contribute to the total losses, claims, liabilities, expenses and damages (including any investigative, legal and other expenses reasonably incurred in connection with, and any amount paid in settlement of, any action, suit or proceeding or any claim asserted, but after deducting any contribution received by the Company from persons other than the Underwriters, such as persons who control the Company within the meaning of the Act, officers of the Company who signed the Registration Statement and directors of the Company, who also may be liable for contribution) to which the Company and any one or more of the Underwriters may be subject in such proportion as shall be appropriate to reflect the relative benefits received by the Company on the one hand and the Underwriters on the other. The relative benefits received by the Company on the one hand and the Underwriters on the other shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) received by the Company bear to the total underwriting discounts and commissions received by the Underwriters, in each case as set forth in the table on the cover page of the Prospectus. If, but only if, the allocation provided by the foregoing sentence is not permitted by applicable law, the allocation of contribution shall be made in such proportion as is appropriate to reflect not only the relative benefits referred to in the foregoing sentence but also the relative fault of the Company, on the one hand, and the Underwriters, on the other, with respect to the statements or omissions which resulted in such loss, claim, liability, expense or damage, or action in respect thereof, as well as any other relevant equitable considerations with respect to

35

such offering. Such relative fault shall be determined by reference to whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company or the Representative on behalf of the Underwriters, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or omission. The Company and the Underwriters agree that it would not be just and equitable if contributions pursuant to this Section 6(d) were to be determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take into account the equitable considerations referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim, liability, expense or damage, or action in respect thereof, referred to above in this Section 6(d) shall be deemed to include, for purpose of this Section 6(d), any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6(d), no Underwriter shall be required to contribute any amount in excess of the underwriting discounts received by it, and no person found guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) will be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Underwriters' obligations to contribute as provided in this Section 6(d) are several in proportion to their respective underwriting obligations and not joint. For purposes of this Section 6(d), any person who controls a party to this Agreement within the meaning of the Act will have the same rights to contribution as that party, and each director, officer, agent or employee of the Company will have the same rights to contribution as the Company, subject in each case to the provisions hereof. Any party entitled to contribution, promptly after receipt of notice of any threatened claim or the commencement of any action against such party in respect of which a claim for contribution may be made under this Section 6(d), will notify any such party or parties from whom contribution may be sought, but the omission so to notify will not relieve the party or parties from whom contribution may be sought from any other obligation it or they may have under this Section 6(d). No party will be liable for contribution with respect to any action or claim settled without its written consent (which consent will not be unreasonably withheld).

(e) The indemnity and contribution agreements contained in this Section 6 and the representations and warranties of the Company contained in this Agreement shall remain operative and in full force and effect regardless of (i) any investigation made by or on behalf of the Underwriters, (ii) acceptance of any of the Shares and payment therefor or (iii) any termination of this Agreement.

7. Termination.

The obligations of the several Underwriters under this Agreement may be terminated at any time on or prior to the Closing Date (or, with respect to the Option Shares, on or prior to the Option Closing Date), by notice to the Company from the Representative, without liability on the part of any Underwriter to the Company, if, prior to delivery and payment for the Shares (or the Option Shares, as the case may be), in the sole judgment of the Representative, (i) trading in any of the equity securities of the Company shall have been suspended by the Commission, by an exchange that lists the Shares or by the National Association of Securities Dealers Automated Quotation National Market System, (ii) trading in securities generally on the New York Stock Exchange shall have been suspended or limited or minimum or maximum prices shall have been generally established on such exchange, or additional material governmental restrictions, not in force on the date of this Agreement, shall have been imposed upon trading in securities generally by such exchange or by order of the Commission or any court or other governmental authority, (iii) a general banking moratorium shall
have been declared by either Federal or New York State authorities or (iv) any

36

material adverse change in the financial or securities markets in the United States or in political, financial or economic conditions in the United States or any outbreak or material escalation of hostilities or declaration by the United States of a national emergency or war or other calamity or crisis shall have occurred the effect of any of which is such as to make it, in the sole judgment of the Representative, impracticable or inadvisable to market the Shares on the terms and in the manner contemplated by the Prospectus.

8. Substitution of Underwriters.

If any one or more of the Underwriters shall fail or refuse to purchase any of the Firm Shares which it or they have agreed to purchase hereunder, and the aggregate number of Firm Shares which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase is not more than one-tenth of the aggregate number of Firm Shares, the other Underwriters shall be obligated, severally, to purchase the Firm Shares which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase, in the proportions which the number of Firm Shares which they have respectively agreed to purchase pursuant to Section 1 bears to the aggregate number of Firm Shares which all such non- defaulting Underwriters have so agreed to purchase, or in such other proportions as the Representative may specify; provided that in no event shall the maximum number of Firm Shares which any Underwriter has become obligated to purchase pursuant to Section 1 be increased pursuant to this Section 8 by more than one-ninth of the number of Firm Shares agreed to be purchased by such Underwriter without the prior written consent of such Underwriter. If any Underwriter or Underwriters shall fail or refuse to purchase any Firm Shares and the aggregate number of Firm Shares which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase exceeds one-tenth of the aggregate number of the Firm Shares and arrangements satisfactory to the Representative and the Company for the purchase of such Firm Shares are not made within 48 hours after such default, this Agreement will terminate without liability on the part of any non-defaulting Underwriter or the Company for the purchase or sale of any Shares under this Agreement. In any such case either the Representative or the Company shall have the right to postpone the Closing Date, but in no event for longer than seven days, in order that the required changes, if any, in the Registration Statement and in the Prospectus or in any other documents or arrangements may be effected. Any action taken pursuant to this Section 8 shall not relieve any defaulting Underwriter from liability in respect of any default of such Underwriter under this Agreement.

9. Miscellaneous.

Notice given pursuant to any of the provisions of this Agreement shall be in writing and, unless otherwise specified, shall be mailed or delivered (a) if to the Company, at the office of the Company, 1426 Main Street, Columbia, South Carolina 29201, Attention: Corporate Secretary, or (b) if to the Underwriters, to the Representative at the offices of PaineWebber Incorporated, 1285 Avenue of the Americas, New York, New York 10019, Attention:
Corporate Finance Department. Any such notice shall be effective only upon receipt. Any notice under Section 7 or 8 may be made by telex or telephone, but if so made shall be subsequently confirmed in writing.

This Agreement has been and is made solely for the benefit of the several Underwriters and the Company and of the controlling persons, directors and officers referred to in Section 6, and their respective successors and assigns, and no other person shall acquire or have any right under or by virtue of this Agreement. The term "successors and assigns" as used in this Agreement shall not include a purchaser, as such purchaser, of Shares from any of the several Underwriters.

Any action required or permitted to be taken by the Representative under this Agreement may be taken by them jointly or by PaineWebber Incorporated.

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THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN

ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

This Agreement may be signed in two or more counter- parts with the same effect as if the signatures thereto and hereto were upon the same instrument.

In case any provision in this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

The Company and the Underwriters each hereby irrevocably waive any right they may have to a trial by jury in respect of any claim based upon or arising out of this Agreement or the transactions contemplated hereby.

Please confirm that the foregoing correctly sets forth the agreement among the Company and the several Underwriters.

Very truly yours,

SCANA CORPORATION

By: _____________________
Title:

Confirmed as of the date first
above mentioned:

PAINEWEBBER INCORPORATED
THE ROBINSON-HUMPHREY COMPANY, INC.
Acting on behalf of
themselves and as the
Representatives of the
other several Underwriters.

By: PAINEWEBBER INCORPORATED

By: ____________________________
Title:

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SCHEDULE I

UNDERWRITERS

                                                        Number of
  Name of                                              Firm Shares
Underwriters                                         to be Purchased

PaineWebber Incorporated............................. The Robinson-Humphrey Company, Inc...................

Total................................................. 4,500,000

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EXHIBIT A

SCANA CORPORATION


PRICE DETERMINATION AGREEMENT

, 1995

PAINEWEBBER INCORPORATED

THE ROBINSON-HUMPHREY COMPANY, INC.

As Representatives of the
several Underwriters
c/o PaineWebber Incorporated
1285 Avenue of the Americas
New York, New York 10019

Reference is made to the Underwriting Agreement, dated ______, 1995 (the "Underwriting Agreement"), among SCANA Corporation, a South Carolina corporation (the "Company"), and the several Underwriters named in Schedule I thereto or hereto (the "Underwriters"), for whom you are acting as representatives (collectively, the "Representative"). The Underwriting Agreement provides for the purchase by the Underwriters from the Company, subject to the terms and conditions set forth therein, of an aggregate of 4,500,000 shares (the "Firm Shares") of the Company's common stock, no par value per share. This Agreement is the Price Determination Agreement referred to in the Underwriting Agreement.

Pursuant to Section 1 of the Underwriting Agreement, the undersigned agree with the Representative as follows:

I. The initial public offering price per share for the Firm Shares shall be $_______.

II. The purchase price per share for the Firm Shares to be paid by the several Underwriters shall be $_______ representing an amount equal to the initial public offering price set forth above, less $______ per share.

The Company represents and warrants to each of the Underwriters that the representations and warranties of the Company set forth in Section 3 of the Underwriting Agreement are accurate as though expressly made at and as of the date hereof.

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As contemplated by the Underwriting Agreement, attached as Schedule I is a completed list of the several Underwriters, which shall be a part of this Agreement and the Underwriting Agreement.

This Agreement shall be governed by the law of the State of New York.

If the foregoing is in accordance with your understanding of the agreement among the Underwriters and the Company, please sign and return to the Company a counterpart hereof, whereupon this instrument along with all counterparts and together with the Underwriting Agreement shall be a binding agreement among the Underwriters and the Company in accordance with its terms and the terms of the Underwriting Agreement.

Very truly yours,

SCANA CORPORATION

By:_________________________
Title:

Confirmed as of the date
first above mentioned:

PAINEWEBBER INCORPORATED
THE ROBINSON-HUMPHREY COMPANY, INC.

Acting on behalf of themselves
and as the Representatives
of the other several Underwriters.

By: PAINEWEBBER INCORPORATED

By: ____________________________
Title:

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Exhibit B

Form of Opinion of
Asbury H. Gibbes, Esq.,
Counsel to the Company

1. The Company and each of its subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly licensed or qualified to do business and is in good standing as a foreign corporation under the laws of each jurisdiction which requires such license or qualification wherein it owns or leases material properties or conducts material business, has full power and authority to conduct all the activities conducted by it, to own or lease all the assets owned or leased by it and to conduct its business as described in the Registration Statement or the Prospectus. The Company is the sole record and beneficial owner, directly or indirectly, of all of the capital stock of each of its subsidiaries, except as disclosed in the Registration Statement or the Prospectus.

2. The outstanding shares of Common Stock have been, and the Shares, when paid for by the Underwriters in accordance with the terms of the Agreement, will be, duly authorized, validly issued, fully paid and nonassessable and will not be subject to any preemptive or similar right.

3. No consent, approval, authorization or order of, or any filing or declaration with, any court or governmental agency or body is required in connection with the consummation by the Company of the transactions contemplated by the Agreement, except such as have been obtained under the Act and the Rules and Regulations and such as may be required under state securities or Blue Sky laws or such as may be required by the by-laws and rules of the NASD in connection with the purchase and distribution by the Underwriters of the Shares. All references in this opinion to the Agreement shall include the Price Determination Agreement.

4. The authorized and outstanding capital stock of the Company is as set forth in the Registration Statement and the Prospectus except to the extent that additional shares of the Company's Common Stock have been issued subsequently through the Company's Investor Plus Plan and the Company's employee benefit plans. The description of the Common Stock contained in the Prospectus conforms to the terms thereof contained in the Company's articles of incorporation.

5. The Registration Statement and the Prospectus comply, and any document incorporated by reference into the Prospectus at the time it was filed complied, in all material respects as to form with the requirements of the Act, the Exchange Act, the Exchange Act Rules and Regulations and the Rules and Regulations (except that I express no opinion as to financial statements, schedules and other financial and statistical data contained in the Registration Statement or the Prospectus or incorporated by reference therein).

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6. I have participated in the preparation of the Registration Statement and the Prospectus and nothing has come to my attention which has caused me to believe that, both as of the Effective Date and as of the Closing Date [and the Option Closing Date], the Registration Statement, or any amendment thereto, contained or contains any untrue statement of a material fact or omitted or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading or that any Prospectus or any amendment or supplement thereto including any documents incorporated by reference into the Prospectus, at the time such Prospectus was issued, at the time any such amended or supplemented Prospectus was issued, and at the Closing Date [and the Option Closing Date], contained or contains any untrue statement of a material fact or omitted or omits to state a material fact necessary in order to make the statements therein, in the light of the circumstances in which they were made, not misleading (except that I express no opinion as to financial statements, schedules and other financial or statistical data contained in the Registration Statement or the Prospectus or incorporated by reference therein).

7. The Registration Statement has become effective under the Act and, to the best of my knowledge, no order suspending the effectiveness of the Registration Statement has been issued and no proceeding for that purpose has been instituted or is threatened, pending or contemplated.

8. I have reviewed all contracts, instruments or other documents referred to in the Registration Statement and the Prospectus and such contracts or other documents are fairly summarized or disclosed therein, and filed as exhibits thereto as required, and, after due inquiry, I do not know of any contracts, instruments or other documents required to be so summarized or disclosed or filed or required to be filed under the Exchange Act if upon such filing they would be incorporated, in whole or in part, by reference therein which have not been so summarized or disclosed or filed.

9. All descriptions in the Prospectus of statutes, regulations or legal or governmental proceedings are accurate and fairly present the information required to be shown.

10. The Company has full corporate power and authority to enter into the Agreement, and the Agreement has been duly authorized, executed and delivered by the Company, is a valid and binding agreement of the Company and, except for the indemnification and contribution provisions thereof as to which I express no opinion and assuming, with your permission, that the provisions of New York law (under which the Agreement is governed) are identical in all respects to those of South Carolina law, is enforceable in accordance with its terms, subject as to enforceability to applicable bankruptcy, insolvency, reorganization or other laws of general applicability relating to or affecting creditors' rights generally and by general equitable principles.

11. The execution and delivery of the Agreement by the Company, the consummation by the Company of the transactions therein contemplated and the compliance by the Company with the terms of the Agreement do not and will not result in the creation or imposition of any lien, charge or encumbrance upon any of the assets of the Company or any of its subsidiaries pursuant to the terms or provisions of, or result in a breach or violation of any of the terms or provisions of, or constitute a default or result in the acceleration of any obligation under, the articles of incorpo- ration or by-laws of the Company or any of its subsidiaries, any indenture, mortgage, deed of trust, voting trust agreement, loan agreement, bond, debenture, note agreement or other evidence of indebtedness, lease, contract or other agreement or instrument known to me to which the Company or any of its subsidiaries is a party or by which it or any of its properties is bound or affected, or any judgment, ruling, decree, order,

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statute, rule or regulation of any court or other governmental agency or body applicable to the business or properties of the Company or any of its subsidiaries (except that I express no opinion as to the securities or Blue Sky laws of any jurisdiction other than the United States) except for liens, charges, encumbrances, breaches, violations, defaults or conflicts which would not reasonably be expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise.

12. Delivery of certificates for the Shares will transfer valid and marketable title thereto to each Underwriter that has purchased such Shares in good faith and I am not aware, after due inquiry, of any adverse claim with respect thereto, and, assuming the Underwriters have taken no action to create any lien, encumbrance or claim with respect to the Shares, such Shares are free and clear of all liens, encumbrances and claims.

13. I know of no actions, suits or proceedings pending or threatened against or affecting the Company or any of its subsidiaries or the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company or any of its subsidiaries, or any of their respective officers in their capacities as such, before or by any Federal or state court, commission, regulatory body, administrative agency or other governmental body, wherein an unfavorable ruling, decision or finding would be reasonably expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise, except as set forth in or contemplated by the Registration Statement and the Prospectus.

14. To the best of my knowledge, neither the Company nor any of its subsidiaries is in violation of its articles of incorporation, by-laws or other charter documents or in default (nor has an event occurred which with notice or lapse of time or both would constitute a default or acceleration) in the performance of any obligation, agreement or condition contained in any indenture, mortgage, deed of trust, voting trust agreement, loan agreement, bond, debenture, note agreement or other evidence of indebtedness, lease, contract or other agreement or instrument known to me to which the Company or any of its subsidiaries is a party or by which it or its properties is bound or affected, except for defaults which are not reasonably expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise, and neither the Company nor any of its subsidiaries is in violation of any judgment, ruling, decree, order, franchise, license or permit known to me or any statute, rule or regulation of any court or other governmental agency or body applicable to the business or properties of the Company or any of its subsidiaries, which violation or default would be reasonably expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company or any of its subsidiaries considered as one enterprise.

15. The Company is a "public utility holding company" within the meaning of the Public Utility Holding Company Act of 1935, as amended, but is exempt from registration as such under such Act; and the Company is not subject to registration under the Investment Company Act of 1940, as amended.

16. The Shares have been duly authorized for listing by the New York Exchange, subject to official notice of issuance.

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In rendering this opinion, such counsel may rely upon the representations contained in the Underwriting Agreement, upon certificates of state officials as to the Company's good standing, and upon certificates of officers of the Company as to matters of fact relevant to this opinion.

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Exhibit C

Form of Opinion of
McNair Law Firm, P.A.,
Counsel to the Company

1. The Company and each of South Carolina Electric & Gas Company, South Carolina Pipeline Corporation and South Carolina Generating Company, Inc. (the "Significant Subsidiaries") is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly licensed or qualified to do business and is in good standing as a foreign corporation under the laws of each jurisdiction which requires such license or qualification wherein it owns or leases material properties or conducts material business, has full power and authority to conduct all the activities conducted by it, to own or lease all the assets owned or leased by it and to conduct its business as described in the Registration Statement or the Prospectus.

2. The Shares when paid for by the Underwriters in accordance with the terms of the Agreement, will be duly authorized, validly issued, fully paid and nonassessable and will not be subject to any preemptive or similar right.

3. The authorized and outstanding capital stock of the Company is as set forth in the Registration Statement and the Prospectus except to the extent that additional shares of the Company's Common Stock have been issued subsequently pursuant to the Company's Investor Plus Plan and employee benefit plans of the Company. The description of the Common Stock contained in the Prospectus conforms to the terms thereof contained in the Company's articles of incorporation.

4. The Registration Statement and the Prospectus comply, and any document incorporated by reference into the Prospectus at the time it was filed complied, in all material respects as to form with the requirements of the Act, the Exchange Act, the Exchange Act Rules and Regulations and the Rules and Regulations (except that we express no opinion as to financial statements, schedules and other financial and statistical data contained in the Regis- tration Statement or the Prospectus or incorporated by reference therein).

5. We have participated in the preparation of the Registration Statement and the Prospectus and nothing has come to our attention which has caused us to believe that, both as of the Effective Date and as of the Closing Date [and the Option Closing Date], the Registration Statement, or any amendment thereto, contained or contains any untrue statement of a material fact or omitted or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading or that any Prospectus or any amendment or supplement thereto including any documents incorporated by reference into the Prospectus, at the time such Prospectus was issued, at the time any such amended or supplemented Prospectus was issued, at the Closing Date [and the Option Closing Date], contained or contains any untrue statement of a material fact or omitted or omits to state a material fact necessary in order to make the statements therein, in the light of the circumstances in which they were made, not misleading (except that we express no opinion as to financial statements, schedules and other financial or statistical data contained in the Registration Statement or the Prospectus or incorporated by reference therein).

6. The Registration Statement has become effective under the Act and, to the best of our knowledge, no order suspending the effectiveness of the Registration Statement has been issued and no proceeding for that purpose has been instituted or is threatened, pending or contemplated.

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7. The Company has full corporate power and authority to enter into the Agreement, and the Agreement has been duly authorized, executed and delivered by the Company.

8. The execution and delivery of the Agreement by the Company, the consummation by the Company of the transactions therein contemplated and the compliance by the Company with the terms of the Agreement do not and will not result in the creation or imposition of any lien, charge or encumbrance upon any of the assets of the Company or any Significant Subsidiary pursuant to the terms or provisions of, or result in a breach or violation of any of the terms or provisions of, or constitute a default or result in the acceleration of any obligation under, the articles of incorpo- ration or by-laws of the Company or any Significant Subsidiary, any indenture, mortgage, deed of trust, voting trust agreement, loan agreement, bond, debenture, note agreement or other evidence of indebtedness, lease, contract or other agreement or instrument known to us to which the Company or any Significant Subsidiary is a party or by which it or any of its property is bound or affected, or any judgment, ruling, decree, order, statute, rule or regulation of any court or other governmental agency or body applicable to the business or properties of the Company or any Significant Subsidiary (except that we express no opinion in this paragraph as to Federal securities laws (certain aspects of which are addressed elsewhere in this opinion) or Blue Sky laws of any jurisdiction) except for liens, charges, encumbrances, breaches, violations, defaults or conflicts which are not reasonably expected to have a materially adverse effect on the business, properties, business prospects, condition (financial or otherwise) or results of operations of the Company and its subsidiaries considered as one enterprise.

9. The Company is a "public utility holding company" within the meaning of the Public Utility Holding Company Act of 1935, as amended, but is exempt from registration as such under such Act; and the Company is not subject to registration under the Investment Company Act of 1940, as amended.

In rendering the foregoing opinion, counsel may rely, to the extent they deem such reliance proper, on the opinions (in form and substance reasonably satisfactory to Underwriters' counsel) of other counsel reasonably acceptable to Underwriters' counsel as to matters governed by the laws of jurisdictions other than the United States and the State of South Carolina, and as to matters of fact, upon certificates of officers of the Company and of government officials; provided that such counsel shall state that the opinion of any other counsel is in form satisfactory to such counsel and, in such counsel's opinion, such counsel and the Representative are justified in relying on such opinions of other counsel. Copies of any such opinions shall be furnished to counsel to the Underwriters on the Closing Date.

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Exhibit 4-A

STATE OF SOUTH CAROLINA
SECRETARY OF STATE

ARTICLES OF AMENDMENT

Pursuant to Section 33-10-106 of the 1976 South Carolina Code, as amended, the undersigned corporation adopts the following Articles of Amendment to its Articles of Incorporation:

1. The name of the corporation is SCANA Corporation .

2. On April 27, 1995 , the corporation adopted the following Amendment of its Articles of Incorporation:

Article 3 of the Restated Articles of Incorporation of SCANA Corporation is amended by deleting therefrom in its entirety the current Article 3 and substituting in lieu thereof the following:

"Article 3. Effective as of the close of business on May 11, 1995, the number of authorized shares of stock of the Corporation shall be increased from 75,000,000 shares of common stock without par value to 150,000,000 shares of common stock without par value and each share of the Corporation's common stock then issued and outstanding shall be converted into two shares of such common stock."

3. The manner, if not set forth in the amendment, in which any exchange, reclassification, or cancellation of issued shares provided for in the Amendment shall be effected, is as follows:

N/A

4. Complete either a or b, whichever is applicable.

a. Amendment(s) adopted by shareholder action. At the date of adoption of the amendment, the number of outstanding shares of each voting group entitled to vote separately on the Amendment, and the vote of such shares was:

Number of Number of Votes Number of Votes Number of Undisputed* Voting Outstanding Entitled to be Represented at Shares Voted Group Shares Cast the meeting For Against

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NOTE: Pursuant to Section 33-10-106(6)(i), the corporation can alternatively state the total number of undisputed votes cast for the amendment by each voting group together with a statement that the number cast for the amendment by each voting group was sufficient for approval by that voting group.

b.  X   The Amendment was duly adopted by the
        incorporators or board of directors without
        shareholder approval pursuant to 33-6-102(d),
        33-10-102 and 33-10-105 of the 1976
        South Carolina Code, as amended, and
        shareholder action was not required.

5. Unless a delayed date is specified, the effective date of these Articles of Amendment shall be the date of acceptance for filing by the Secretary of State (See 33-1-230(b)): The amendment shall be effective as of the close of business on May 11, 1995.

DATE:  April 27, 1995       SCANA CORPORATION
                            (Name of Corporation)

                       By:  s/Kevin B. Marsh
                            (Signature)
                            Kevin B. Marsh, Secretary
                            (Type or Print Name and Office)

FILING INSTRUCTIONS

1. Two copies of this form, the original and either a duplicate original or a conformed copy, must be filed.

2. If the space in this form is insufficient, please attach additional sheets containing a reference to the appropriate paragraph in this form.

3. Filing fees and taxes payable to the Secretary of State at time of filing application.

Filing Fee                          $ 10.00
Filing tax                           100.00
Total                               $110.00

                      Form Approved by South Carolina
                      Secretary of State

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EXHIBIT 5

SCANA Corporation
1426 Main Street
Columbia, South Carolina 29201

Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549

Gentlemen:

SCANA Corporation (the "Company") has filed with the Securities and Exchange Commission a Registration Statement on Form S-3 for the registration under the Securities Act of 1933, as amended, of a proposed public offering of up to 5,175,000 shares of the Company's Common Stock, without par value (the "Stock").

I am familiar with the preparation of the aforesaid Registration Statement and the Preliminary Prospectus forming a part thereof and am familiar with the proceedings of the Company in connection with the proposed issuance and sale of the Stock. I have also made such further investigation as I have deemed pertinent and necessary as a basis for this opinion.

Based on the foregoing, I hereby advise you that it is my opinion, upon (a) the aforesaid Registration Statement, as it may be amended, becoming effective; (b) the authorization by the Company's Board of Directors or the Ad Hoc Committee thereof of the initial public price for and the underwriting discount with respect to the issuance and sale of the Stock; and (c) the due execution, registration and delivery of the Stock to the purchaser or purchasers thereof against receipt of the purchase price therefor; the Stock will have been duly authorized and legally and validly issued and will be fully paid and non-assessable.

I hereby consent to the use of this opinion in connection with the aforesaid Registration Statement and I also consent to the making of the statements with reference to me under the heading "Legal Opinions" in the aforesaid Prospectus and Registration Statement.

Very truly yours,

s/Asbury H. Gibbes
Asbury H. Gibbes
General Counsel

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Exhibit 23

INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in this Registration Statement of SCANA Corporation on Form S-3 of our report dated February 6, 1995 (September 6, 1995 as it relates to the restated financial statements discussed in Note 1A), appearing in the Current Report on Form 8-K of SCANA Corporation dated September 6, 1995 and to the reference to us under the heading "Experts" in the Prospectus, which is part of this Registration Statement.

s/DELOITTE & TOUCHE LLP
DELOITTE & TOUCHE LLP
Columbia, South Carolina
September 6, 1995

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Exhibit 24

POWER OF ATTORNEY

The undersigned directors of SCANA Corporation (the "Company"), hereby appoint L. M. Gressette, Jr., W. B. Timmerman, and Kevin B. Marsh, and each of them severally, as the attorney-in- fact of the undersigned, to sign in the name(s) and behalf of the undersigned, in any and all capacities stated therein, and to file with the Securities and Exchange Commission under the Securities Act of 1933, as amended, a Registration Statement on Form S-3, and any and all amendments thereto, with respect to the issuance and sale of up to 3,000,000* shares of such Company's Common Stock.

Dated  June 15, 1993
       Columbia, South Carolina


          s/B. L. Amick                        s/W. Hayne Hipp
          B. L. Amick                          W. Hayne Hipp
          Director                             Director


          s/W. B. Bookhart, Jr.                s/B. D. Kenyon
          W. B. Bookhart, Jr.                  B. D. Kenyon
          Director                             Director


          s/W. T. Cassels                      s/F. C. McMaster
          W. T. Cassels                        F. C. McMaster
          Director                             Director


          s/H. M. Chapman                      s/Henry Ponder
          H. M. Chapman                        Henry Ponder
          Director                             Director


          s/J. B. Edwards                      s/J. B. Rhodes
          J. B. Edwards                        J. B. Rhodes
          Director                             Director


          s/E. T. Freeman                      s/E. C. Wall, Jr.
          E. T. Freeman                        E. C. Wall, Jr.
          Director                             Director


          s/B. A. Hagood
          B. A. Hagood
          Director

* Does not reflect effect of the two-for-one stock split approved by the Board of Directors on April 27, 1995 and related resolution increasing the above power of attorney by 1,533,000 shares.

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Exhibit 24

POWER OF ATTORNEY

The undersigned directors of SCANA Corporation (the "Company"), hereby appoint L. M. Gressette, Jr., W. B. Timmerman, and Kevin B. Marsh, and each of them severally, as the attorney-in- fact of the undersigned, to sign in the name(s) and behalf of the undersigned, in any and all capacities stated therein, and to file with the Securities and Exchange Commission under the Securities Act of 1933, as amended, a Registration Statement on Form S-3, and any and all amendments thereto, with respect to the issuance and sale of up to 2,500,000* shares of such Company's Common Stock.

Dated February 15, 1994
Columbia, South Carolina

s/B. L. Amick                        s/W. Hayne Hipp
B. L. Amick                          W. Hayne Hipp
Director                             Director


s/W. B. Bookhart, Jr.                s/B. D. Kenyon
W. B. Bookhart, Jr.                  B. D. Kenyon
Director                             Director


s/W. T. Cassels                      s/F. C. McMaster
W. T. Cassels                        F. C. McMaster
Director                             Director


s/H. M. Chapman                      s/Henry Ponder
H. M. Chapman                        Henry Ponder
Director                             Director


s/J. B. Edwards                      s/J. B. Rhodes
J. B. Edwards                        J. B. Rhodes
Director                             Director


s/E. T. Freeman                      s/E. C. Wall, Jr.
E. T. Freeman                        E. C. Wall, Jr.
Director                             Director


s/B. A. Hagood
B. A. Hagood
Director

* Does not reflect effect of the two-for-one stock split approved by the Board of Directors on April 27, 1995 and related resolution increasing the above power of attorney by 2,500,000 shares.

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