Issuer:

South Carolina Electric & Gas Company

Size:

$175,000,000

The bonds constitute a further issuance of, will form a single series with, will have the same CUSIP number as and will trade interchangeably with the $360 million aggregate principal amount of First Mortgage Bonds, 6.05% Series due January 15, 2038 previously issued by the Issuer on January 14, 2008 and June 24, 2008.

Expected Ratings:

Moody’s: A2 (stable outlook); S&P: A- (negative outlook); Fitch: A+ (negative outlook). A securities rating is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.

Maturity:

January 15, 2038

Coupon (Interest Rate):

6.05%

Yield to Maturity:

6.08%

Spread to Benchmark Treasury:

+240 basis points (2.4%)

Benchmark Treasury:

4.50% due May 15, 2038

Benchmark Treasury Price and Yield:

114-19/3.68%

Interest Payment Dates:

January 15 and July 15, commencing July 15, 2009

Redemption Provision:

Make whole call at Adjusted Treasury Rate +30 basis points (0.30%)

Underwriters’ Discount or Commission:

.875%

Net Proceeds to Issuer:

$172,740,750, plus accrued interest from January 15, 2009

Price to Public:

99.584%, plus accrued interest from January 15, 2009

Settlement Date:

March 17, 2009 (T + 5)

Denominations:

$1,000 x $1,000

CUSIP:

837004 CB4