Loading...
Docoh

Dominion Energy South Carolina (SCG)

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.

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
19 Aug 22
31 Dec 22
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

Beta Read what these cash burn values mean

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
Proxies
No filings