SCG Dominion Energy South Carolina Dashboard

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

Location

Fiscal year end

Sector

Utilities > Electric Utilities

Industry (SIC)

Electric & Other Services Combined

PG&E • Duke Energy • Consolidated Edison • LG&E & KU Energy • Consolidated Edison Co Of New York • San Diego Gas & Electric • Public Service Electric & Gas • Public Service Enterprise • Xcel Energy • CMS Energy ...

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

Financial summary

Financial statements Chart SCG financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
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Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Financial report summary

Management Discussion

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
MD&A discusses DESC’s results of operations and general financial condition. MD&A should be read in conjunction with Item 1. Business and the Financial Statements in Item 8. Financial Statements and Supplementary Data. 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.” 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 Bad

New words: admitting, analyzed, appraised, Army, assumption, Berkshire, calendar, contradict, conveyance, Cope, CUA, deep, DES, disconnect, EPACT, groundwater, guilty, Hathaway, idle, increasingly, inseparable, Jenkinsville, modification, nonutility, outbreak, overdue, platform, plea, prejudgment, pretax, principle, prolonged, prosecute, Questar, SEMI, Superfund, travel, Wrangler

Removed: Assembly, avoided, benchmark, capitalization, Code, consummation, earlier, finalized, foreseeable, freezing, list, offer, passed, percent, rated, renewed, restated, Stone, syndicate, terminated, toxic, trend, Webster

From filing 10-K 2020 FY