SCANA Corporation Holds 2016 Annual Meeting, Declares Regular Dividend on Common Stock For Second Quarter 2016

CAYCE, S.C., April 28, 2016 /PRNewswire/ -- SCANA Corporation (NYSE: SCG) announced that the Company's 2016 Annual Meeting of Shareholders was held today in Columbia, South Carolina, with Chairman of the Board and Chief Executive Officer Kevin B. Marsh presiding.  

During the business portion of the meeting, shareholders re-elected the following Class II Directors to SCANA's Board – Gregory E. Aliff, Sharon A. Decker, Kevin B. Marsh, and James M. Micali. Terms of the Class II Directors will expire at the Annual Meeting in 2019 (except James M. Micali, whose term will expire at the 2017 Annual Meeting as a result of his reaching the mandatory retirement age). 

In other business, shareholders approved the following - the appointment of Deloitte & Touche LLP as SCANA's independent registered public accounting firm to audit the Company's 2016 financial statements, an amendment to the Director Compensation and Deferral Plan to set an annual limit of 10,000 shares on the number of shares that may be issued to any individual participant under the plan each year, and an amendment to the Director Compensation and Deferral Plan increasing by 150,000 the number of shares that may be reserved under the plan.  Board-proposed amendments to declassify the Board of Directors and provide for the annual election of all directors did not receive the votes required to amend the Articles of Incorporation.  

Immediately following the Annual Meeting, SCANA's Board of Directors met and declared the regular quarterly dividend of 57 ½ cents per share on the Company's common stock for the quarter ending June 30, 2016.  The dividend is payable July 1, 2016 to shareholders of record at the close of business on June 10, 2016.  

SCANA Corporation, headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses.  Information about SCANA is available on the company's website at www.scana.com.

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