DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Derivative Instruments [Table Text Block]

The Company was party to natural gas derivative contracts outstanding in the following quantities:



	Commodity and Other Energy Management Contracts (in MMBTU)
Hedge designation	Gas Distribution	Retail Gas Marketing	Energy Marketing	Total
As of June 30, 2015
Commodity contracts	10,170,000	8,290,000	3,702,627	22,162,627
Energy management contracts (a)	—	—	35,650,235	35,650,235
Total (a)	10,170,000	8,290,000	39,352,862	57,812,862

As of December 31, 2014
Commodity contracts	6,840,000	7,951,000	3,446,720	18,237,720
Energy management contracts (b)	—	—	37,495,339	37,495,339
Total (b)	6,840,000	7,951,000	40,942,059	55,733,059

(a) Includes an aggregate 2,201,175 MMBTU related to basis swap contracts in Energy Marketing.

(b) Includes an aggregate 933,893 MMBTU related to basis swap contracts in Energy Marketing.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of energy-related derivatives and interest rate derivatives was reflected in the condensed consolidated balance sheet as follows:



Fair Values of Derivative Instruments	Asset Derivatives			Liability Derivatives
	Balance Sheet	Fair		Balance Sheet	Fair
Millions of dollars	Location	Value		Location	Value
As of June 30, 2015
Designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	5
				Other deferred credits and other liabilities	24
Commodity contracts	Derivative financial instruments	$	1	Derivative financial instruments	3
Total		$	1		$	32

Not designated as hedging instruments
Interest rate contracts	Other deferred debits and other assets	$	41	Derivative financial instruments	$	74
				Other deferred credits and other liabilities	12
Commodity contracts	Other current assets	2
Energy management contracts	Other current assets	9		Other current assets	1
				Derivative financial instruments	8
	Other deferred debits and other assets	4		Other deferred credits and other liabilities	4
Total		$	56		$	99



As of December 31, 2014
Designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	5
				Other deferred credits and other liabilities	28
Commodity contracts				Other current assets	1
				Derivative financial instruments	11
Total					$	45

Not designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	207
				Other deferred credits and other liabilities	17
Commodity contracts	Other current assets	$	1
Energy management contracts	Other current assets	15		Other current assets	5
				Derivative financial instruments	10
	Other deferred debits and other assets	5		Other deferred credits and other liabilities	5
Total		$	21		$	244

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Derivatives in Cash Flow Hedging Relationships



	Gain (Loss) Deferred in Regulatory Accounts						Loss Reclassified from Deferred Accounts into Income
	Gain (Loss) Deferred in Regulatory Accounts						Loss Reclassified from Deferred Accounts into Income
	(Effective Portion)						(Effective Portion)
Millions of dollars	2015		2014			Location	2015			2014
Three Months Ended June 30,
Interest rate contracts	$	2	$	(1	)	Interest expense	$	(1	)	—
Six Months Ended June 30,
Interest rate contracts	—		$	(4	)	Interest expense	$	(1	)	$	(1	)



	Gain (Loss) Recognized in OCI, net of tax							Gain (Loss) Reclassified from AOCI into Income, net of tax
	Gain (Loss) Recognized in OCI, net of tax							Gain (Loss) Reclassified from AOCI into Income, net of tax
	(Effective Portion)							(Effective Portion)
Millions of dollars	2015			2014			Location	2015			2014
Three Months Ended June 30,
Interest rate contracts	$	2		$	(2	)	Interest expense	$	(2	)	$	(2	)
Commodity contracts	—			—			Gas purchased for resale	(2		)	1
Total	$	2		$	(2	)		$	(4	)	$	(1	)

Six Months Ended June 30,
Interest rate contracts	—			$	(4	)	Interest expense	$	(4	)	$	(4	)
Commodity contracts	$	(1	)	3			Gas purchased for resale	(9		)	5
Total	$	(1	)	$	(1	)		$	(13	)	$	1

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]



Derivatives not designated as Hedging Instruments
	Gain (Loss) Deferred in Regulatory Accounts						Gain Reclassified from Deferred Accounts into Income
Millions of dollars	2015		2014			Location	2015		2014
Three Months Ended June 30,
Interest rate contracts	$	132	$	(73	)	Other income	$	1	$	55
Six Months Ended June 30,
Interest rate contracts	$	37	$	(185	)	Other income	$	5	$	55

Offseting Assets [Table Text Block]

Information related to the Company's offsetting of derivative assets follows:



	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position			Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
Millions of dollars	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position					Financial Instruments			Cash Collateral Received	Net Amount
As of June 30, 2015
Interest rate contracts	$	41	—			$	41	$	(18	)	—	$	23
Commodity contracts	3		$	(1	)	2		—			—	2
Energy management contracts	13		—			13		—			—	13
Total	$	57	$	(1	)	$	56	$	(18	)	—	$	38

Balance sheet location	Other current assets					$	11
	Other deferred debits and other assets					45
	Total					$	56



As of December 31, 2014
Commodity contracts	$	1	—	$	1	—	—	$	1
Energy management contracts	20		—	20		—	—	20
Total	$	21	—	$	21	—	—	$	21

Balance sheet location	Other current assets			$	16
	Other deferred debits and other assets			5
	Total			$	21

Offsetting Liabilities [Table Text Block]

Information related to the Company's offsetting of derivative liabilities follows:



	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position						Net Amount
Millions of dollars	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position			Financial Instruments			Cash Collateral Posted			Net Amount
As of June 30, 2015
Interest rate contracts	$	115	—	$	115	$	(18	)	$	(52	)	$	45
Commodity contracts	3		—	3		—			(3		)	—
Energy management contracts	13		—	13		—			(8		)	5
Total	$	131	—	$	131	$	(18	)	$	(63	)	$	50

Balance sheet location	Other current assets			$	1
	Derivative financial instruments			90
	Other deferred credits and other liabilities			40
	Total			$	131



As of December 31, 2014
Interest rate contracts	$	257	—	$	257	—	$	(131	)	$	126
Commodity contracts	12		—	12		—	(10		)	2
Energy management contracts	20		—	20		—	(11		)	9
Total	$	289	—	$	289	—	$	(152	)	$	137

Balance sheet location	Other current assets			$	6
	Derivative financial instruments			233
	Other deferred credits and other liabilities			50
	Total			$	289

SCEG

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of interest rate derivatives was reflected in the condensed consolidated balance sheet as follows:



Fair Values of Derivative Instruments	Asset Derivatives			Liability Derivatives
	Balance Sheet	Fair		Balance Sheet	Fair
Millions of dollars	Location	Value		Location	Value
As of June 30, 2015
Designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	1
				Other deferred credits and other liabilities	7
Total					$	8

Not designated as hedging instruments
Interest rate contracts	Other deferred debits and other assets	$	41	Derivative financial instruments	$	74
				Other deferred credits and other liabilities	12
Total		$	41		$	86

As of December 31, 2014
Designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	1
				Other deferred credits and other liabilities	8
Total					$	9

Not designated as hedging instruments
Interest rate contracts				Derivative financial instruments	$	207
				Other deferred credits and other liabilities	17
Total					$	224

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The effect of derivative instruments on the condensed consolidated statement of income is as follows:

Derivatives in Cash Flow Hedging Relationships



	Gain (Loss) Deferred in Regulatory Accounts						Loss Reclassified from Deferred Accounts into Income
	Gain (Loss) Deferred in Regulatory Accounts						Loss Reclassified from Deferred Accounts into Income
	(Effective Portion)						(Effective Portion)
Millions of dollars	2015		2014			Location	2015			2014
Three Months Ended June 30,
Interest rate contracts	$	2	$	(1	)	Interest expense	$	(1	)	—
Six Months Ended June 30,
Interest rate contracts	—		$	(4	)	Interest expense	$	(1	)	$	(1	)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Derivatives not designated as Hedging Instruments



	Gain (Loss) Deferred in Regulatory Accounts						Gain Reclassified from Deferred Accounts into Income
Millions of dollars	2015		2014			Location	2015		2014
Three Months Ended June 30,
Interest rate contracts	$	132	$	(73	)	Other income	$	1	$	55
Six Months Ended June 30,
Interest rate contracts	$	37	$	(185	)	Other income	$	5	$	55

Offseting Assets [Table Text Block]

Information related to Consolidated SCE&G's derivative assets follows:



	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
Millions of dollars	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position			Financial Instruments			Cash Collateral Received	Net Amount
As of June 30, 2015
Interest rate contracts	$	41	—	$	41	$	(18	)	—	$	23

Balance Sheet Location	Other deferred debits and other assets			$	41

Offsetting Liabilities [Table Text Block]

Information related to Consolidated SCE&G's derivative liabilities follows:



	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position						Net Amount
Millions of dollars	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position			Financial Instruments			Cash Collateral Posted			Net Amount
As of June 30, 2015
Interest rate contracts	$	94	—	$	94	$	(18	)	$	(30	)	$	46

Balance Sheet Location	Derivative financial instruments			$	75
	Other deferred credits and other liabilities			19
	Total			$	94



As of December 31, 2014
Interest rate contracts	$	233	—	$	233	—	$	(107	)	$	126

Balance Sheet Location	Derivative financial instruments			$	208
	Other deferred credits and other liabilities			25
	Total			$	233