SCG Dominion Energy South Carolina, Inc.

DESC, a public utility headquartered in Cayce, South Carolina, is a South Carolina corporation organized in 1924. DESC is a wholly-owned subsidiary of SCANA which, effective January 2019, is a wholly-owned subsidiary of Dominion Energy. DESC is engaged in the generation, transmission and distribution of electricity to approximately 744,000 customers in the central, southern and southwestern portions of South Carolina. Additionally, DESC sells natural gas to approximately 392,000 residential, commercial and industrial customers in South Carolina. DESC’s business experiences seasonal fluctuations, with generally higher sales of electricity during the summer and winter months because of air conditioning and heating requirements, and generally higher sales of natural gas during the winter months due to heating requirements.

Company profile

Ticker

SCG

Exchange

Incorporated in

Location

Fiscal year end

Sector

Utilities > Electric Utilities

Industry (SEC)

Electric & Other Services Combined

PG&E • Duke Energy • Consolidated Edison Co Of New York • Public Service Enterprise • Ameren • NiSource • Pacific Gas & Electric • Public Service Electric & Gas • Evergy • Evergy Kansas Central ...

Former names

South Carolina Electric & Gas Co

SEC CIK

0000091882

Corporate docs

Articles of Incorporation & Bylaws

IRS number

570248695

Investment data

Data from SEC filings

Securities sold

Number of investors

Company financial data Financial data

Chart SCG financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	1M	0	1M	2M
Net income	93M	-191M	142M	-70M
Diluted EPS
Net profit margin	9300%		14200%	-3500%
Operating income	171M	-76M	261M	17M
Net change in cash	6M	-7M	6M	-115M
Cash on hand	10M	4M	11M	5M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	4M	0	0	0
Net income	-1.22B	-589M	-172M	595M
Diluted EPS		-3.7	-0.83	4.16
Net profit margin	-30550%
Operating income	-941M	-831M	-83M	1.17B
Net change in cash	-373M	-32M	201M	32M
Cash on hand	4M	377M	409M	208M

Financial data from company earnings reports

Financial report summary

Management Discussion

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MD&A provides management’s narrative analysis of its consolidated results of operation. MD&A should be read in conjunction with DESC's Consolidated Financial Statements. DESC meets the conditions to file under the reduced disclosure format, and therefore has omitted certain sections of MD&A.
This report contains statements concerning DESC’s expectations, plans, objectives, future financial performance and other statements that are not historical facts. These statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In most cases, the reader can identify these forward-looking statements by such words as “anticipate,” “estimate,” “forecast,” “expect,” “believe,” “should,” “could,” “plan,” “may,” “continue,” “target” or other similar words.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-Q 2020 Q1