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
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
SOUTH CAROLINA ELECTRIC & GAS CO
SEC CIK
Corporate docs
IRS number
570248695
Investment data
Securities sold
Number of investors
Calendar
8 Aug 22
19 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 46M | 46M | 46M | 46M | 46M | 46M |
Cash burn (monthly) | 2.67M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 4.48M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 41.52M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 15.6 | n/a | n/a | n/a | n/a | n/a |
Financial report summary
?Management Discussion
- Net income increased $252 million, primarily due to the absence of charges associated with the settlement of the South Carolina electric base rate case.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
back, conveyed, European, Mutual, NRC, outage, policy, reactor, retrospective, Stabilization
Removed:
affirming, bottom, endangering, fossil, handling, intention, issue, meant, petroleum, reconcile, record, remand, replace, unknown, unopposed, vacate
Financial reports
Current reports
8-K
Other Events
29 Nov 21
8-K
Entry into a Material Definitive Agreement
10 Jun 21
8-K
Amendments to Articles of Incorporation or Bylaws
29 Apr 19
8-K
Entry into a Material Definitive Agreement
26 Mar 19
8-K
SCANA, SCE&G Launch Cash Tender Offers for Certain Outstanding Debt Securities
19 Feb 19
8-K
Termination of a Material Definitive Agreement
8 Feb 19
8-K
Changes in Control of Registrant
2 Jan 19
8-K
Second Amended and Restated Five-year Credit Agreement
17 Dec 18
8-K
Entry into a Material Definitive Agreement
28 Nov 18
8-K
Results of Operations and Financial Condition
25 Oct 18
Registration and prospectus
424B2
Prospectus for primary offering
19 Nov 21
FWP
Free writing prospectus
18 Nov 21
424B5
Prospectus supplement for primary offering
18 Nov 21
S-3
Shelf registration
12 Jan 21
POSASR
Automatic shelf registration (post-effective amendment)
27 Feb 19
424B2
Prospectus for primary offering
16 Aug 18
FWP
Free writing prospectus
15 Aug 18
424B3
Prospectus supplement
15 Aug 18
S-3ASR
Automatic shelf registration
15 Mar 18
424B2
Prospectus for primary offering
8 Jun 16
Proxies
No filings
Other
EFFECT
Notice of effectiveness
4 Feb 21
CORRESP
Correspondence with SEC
28 Jan 21
UPLOAD
Letter from SEC
19 Jan 21
UPLOAD
Letter from SEC
26 Jul 18
CORRESP
Correspondence with SEC
1 Jul 18
UPLOAD
Letter from SEC
18 Jun 18
UPLOAD
Letter from SEC
29 Aug 17
UPLOAD
Letter from SEC
2 Aug 17
UPLOAD
Letter from SEC
29 Jun 15
CORRESP
Correspondence with SEC
11 Jun 15