
                                                                     Exhibit H-2

SECURITIES AND EXCHANGE COMMISSION

(Release No. 35-           )

Filings Under the Public Utility Holding Company Act of 1935, as amended ("Act")


SCANA Corporation (70-    )

     SCANA Corporation  ("SCANA"),  1426 Main Street,  Columbia,  South Carolina
29201, a registered  holding company under the Act, and SCANA  Services,  Inc.,1
have filed with the Securities and Exchange  Commission  (the  "Commission")  an
application-declaration (the "Application-Declaration")  under Sections 6(a), 7,
and 12(e) of the Act and Rules 62 and 65 thereunder.

     SCANA seeks  approval of the  Commission to implement its Long-Term  Equity
Compensation  Plan (the "Plan") and to issue up to five million shares of its no
par value common stock (the "Common  Stock"),  in connection  therewith over the
period  beginning  with the effective  date of an order issued  pursuant to this
matter and continuing for a period of three years from the date of such order.

     The  purpose of the Plan is to  optimize  the  profitability  and growth of
SCANA through  long-term  incentives which are consistent with SCANA's goals and
which  link  the  personal   interests  of  participants  to  those  of  SCANA's
stockholders;  to provide  participants  with an  incentive  for  excellence  in
individual performance and to promote teamwork among participants.  In addition,
the Plan is intended to provide flexibility to SCANA in its ability to motivate,
attract,   and  retain  the  services  of  participants   who  make  significant
contributions  to  SCANA's  success  and to allow  participants  to share in the
success of SCANA.

     The Plan will be  administered by a committee of SCANA's Board of Directors
that is  comprised  entirely of  directors  who satisfy the  "outside  director"
requirements of Section 162(m) of the Internal  Revenue Code of 1986, as amended
(the "Code") and who are "Non-Employee Directors" as defined in Rule 16b-3 under
the Securities Exchange Act of 1934, as amended, (the "Committee"),  except that
the full Board of Directors will administer the Plan with respect to

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     1 f/k/a SCANA Service Company.


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Stock Options, Stock Appreciation Rights,  Restricted Stock,  Performance Shares
and Performance Units  (collectively,  the "Awards")  granted to directors.  The
Committee will have the authority to delegate  administrative duties to officers
or directors of SCANA.

     The maximum five million shares reserved for issuance to participants under
the Plan is  subject  to  appropriate  adjustment  by the  Committee  to prevent
dilution or enlargement of participants' rights under the Plan.

     The  following  Awards  may be  granted  under the Plan.  No grant  will be
exercisable or payable before approval of SCANA  stockholders and the Commission
hereunder have been obtained and all grants made prior to said approvals will be
contingent upon such approvals.

     (i) Stock  Options.  Stock  Options  under the Plan are rights to  purchase
shares of Common  Stock at a specified  price during a  prescribed  period.  The
exercise  price for Common  Stock will be at least the fair market  value at the
date of the grant. The maximum aggregate number of shares that may be granted in
the form of Stock Options,  pursuant to any Award granted in any one fiscal year
to any one single participant shall be 300,000 shares.

     (ii) Stock  Appreciation  Rights ("SARs").  SARs under the Plan are divided
into "freestanding" SARs and "tandem" SARs.  Freestanding SARs will have a grant
price  equal to the fair  market  value of Common  Stock on the date of grant of
such SAR.  Tandem SARs will have a grant price equal to the option  price of the
related  option and may be exercised for all or part of the Common Stock subject
to the related option upon the surrender of the right to exercise the equivalent
portion of the related option.  At the discretion of the Committee,  the payment
upon SAR exercise may be in cash,  in Common Stock of  equivalent  value,  or in
some  combination  thereof.  The maximum  aggregate number of shares that may be
granted  in the form of SARs,  pursuant  to any Award  granted in any one fiscal
year to any one single participant shall be 300,000 shares.

     (iii)  Restricted  Stock.  Restricted  Stock under the Plan is Common Stock
that is issued to a  participant  subject to a  condition  that the  participant
continue  as  an  employee  or a  member  of  SCANA's  Board  of  Directors,  as
applicable,  for a specified  period of time  and/or  satisfy  other  applicable
conditions or performance  requirements.  The maximum aggregate number of shares
that may be  granted  in the form of  Restricted  Stock,  pursuant  to any Award
granted in any one fiscal  year to any one single  participant  shall be 150,000
shares. The aggregate


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maximum  number of shares  that may be granted in the form of  Restricted  Stock
under the Plan is one million.

     (iv) Performance Shares. Performance Shares are rights to receive shares of
Common Stock or an equivalent amount of cash, contingent upon the achievement of
specified  performance goals determined by the Committee.  The maximum aggregate
number of shares that may be granted in the form of Performance Shares, pursuant
to any Award granted in any one fiscal year to any one single  participant shall
be 200,000 shares.

     (v)  Performance  Units.  Performance  Units are rights to receive  cash or
other property of equivalent value including shares of Common Stock,  contingent
upon the achievement of specified performance goals determined by the Committee.
The maximum  aggregate payment with respect to Performance Units pursuant to any
Award  granted in any one fiscal  year to any one  single  participant  shall be
equal to the value of $1,000,000.

     The term of any Stock  Option or SAR  granted in tandem  therewith  may not
exceed  ten years  from the grant  date.  In the event of a change in control of
SCANA, any outstanding Stock Options and SARs become immediately exercisable and
remain exercisable  throughout their entire term and any restriction periods and
restrictions imposed on Restricted Stock which are not  performance-based  shall
lapse. The treatment of any Awards which are performance-based will be addressed
in the participants' related Award agreement.  The Committee may at any time and
from time to time,  alter,  amend,  suspend or terminate the Plan in whole or in
part for any purpose which the Committee deems appropriate;  provided,  however,
no amendment shall without shareholder approval (i) increase the total number of
shares that may be issued  under the Plan or the maximum  awards  thereunder  or
(ii) modify the requirements as to eligibility for benefits under the Plan.

     The Plan is  designed  to comply  with  limits  imposed  by the Code on the
ability of a public  company to claim tax deductions  for  compensation  paid to
certain  highly  compensated  executives.  Section  162(m) of the Code generally
denies  a  federal  income  tax  deduction  for  annual  compensation  exceeding
$1,000,000  paid to the Chief  Executive  Officer and the four other most highly
compensated  officers  of a  public  company.  Certain  types  of  compensation,
including some performance-based  compensation, are generally excluded from this
deduction limit. While SCANA believes  compensation payable pursuant to the Plan
will be deductible for federal income


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tax purposes under most circumstances,  compensation not qualified under Section
162(m) of the Code may be payable under certain circumstances.

     SCANA intends to submit the Plan to the holders of its  outstanding  Common
Stock for  consideration  and action at the Annual  Meeting to be held April 27,
2000.  SCANA and/or SCANA Services,  Inc. will mail the proxy materials to SCANA
common  shareholders  on or  about  March  17,  2000.  SCANA  requests  that the
effectiveness of its Application-Declaration with respect to the solicitation of
proxies for voting by its shareholders to approve the proposed Plan be permitted
to become effective forthwith as provided in Rule 62(d).

     It  appearing  to  the  Commission  that  SCANA's   Application-Declaration
regarding  the proposed  solicitation  of proxies  should be permitted to become
effective forthwith, pursuant to Rule 62:

     IT IS ORDERED,  that the  application-declaration  regarding  the  proposed
solicitation  of proxies,  be, and it hereby is,  permitted to become  effective
forthwith,  under Rule 62, and subject to the terms and conditions as prescribed
in Rule 24 under the Act.

     For the Commission,  by the Division of Investment Management,  pursuant to
delegated authority.


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