v3.10.0.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2018
Derivative [Line Items]  
Schedule of Nonmonetary Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The Company was party to natural gas derivative contracts outstanding in the following quantities:
 
 
Commodity and Energy Management Contracts (in bcf)
Hedge designation
 
Gas Distribution
 
Gas Marketing
 
Total
As of December 31, 2018
 
 

 
 

 
 

Commodity
 
6.4

 
12.9

 
19.3

Energy Management (a)
 

 
46.8

 
46.8

Total (a)
 
6.4

 
59.7

 
66.1

 
 
 
 
 
 
 
As of December 31, 2017
 
 

 
 

 
 

Commodity
 
6.4

 
13.4

 
19.8

Energy Management (a)
 

 
41.9

 
41.9

Total (a)
 
6.4

 
55.3

 
61.7


(a) Includes amounts related to basis swap contracts totaling 5.1 bcf in 2018 and 2.6 bcf in 2017.

Schedule of Derivative Instruments [Table Text Block]
The aggregate notional amounts of the interest rate swaps were as follows:
Interest Rate Swaps
 
 
 
 
 
 
 
 
 
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
Designated as hedging instruments
 
$
106.8

 
$
111.2

 
$
36.4

 
$
36.4

Not designated as hedging instruments
 
35.0

 
735.0

 
35.0

 
735.0

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

Fair Values of Derivative Instruments
 
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
Balance Sheet Location
 
Asset
 
Liability
 
Asset
 
Liability
As of December 31, 2018
 
 

 
 

 
 
 
 
Designated as hedging instruments
 
 

 
 

 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
Other current liabilities
 

 
$
2

 

 
$
1

 
 
Other deferred credits and other liabilities
 

 
19

 

 
7

Commodity contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 

 
1

 

 

Total
 

 
$
22

 

 
$
8

 
 
 
 
 
 
 
 
 
 
 
Not designated as hedging instruments
 
 

 
 

 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
Other deferred credits and other liabilities
 

 
$
3

 

 
$
3

Commodity contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 
$
1

 

 

 

Energy management contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 
11

 
12

 

 

 
 
Other current assets
 
1

 

 

 

 
 
Other current liabilities
 

 
1

 

 

 
 
Other deferred debits and other assets
 
1

 

 

 

Total
 
 
 
$
14

 
$
16

 

 
$
3

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017
 
 
 
 
 
 
 
 
Designated as hedging instruments
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
Other current liabilities
 

 
$
3

 

 
$
1

 
 
Other deferred credits and other liabilities
 

 
24

 

 
9

Commodity contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 

 
2

 

 

 
 
Other current liabilities
 

 
1

 

 

Total
 

 
$
30

 

 
$
10

 
 
 
 
 
 
 
 
 
 
 
Not designated as hedging instruments
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
Other current assets and current liabilities
 
$
54

 
$
1

 
$
54

 
$
1

 
 
Other deferred credits and other liabilities
 

 
4

 

 
4

Commodity contracts
 
 
 
 
 
 
 
 
 
 
Other current assets
 
1

 

 

 

Energy management contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 

 
1

 

 

 
 
Other current assets
 
3

 

 

 

 
 
Other deferred debits and other assets
 
1

 

 

 

 
 
Other current liabilities
 

 
2

 

 

Total
 
 
 
$
59

 
$
8

 
$
54

 
$
5

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The effect of derivative instruments on the consolidated statements of operations is as follows: 
The Company and Consolidated SCE&G:
 
Gain (Loss) Deferred in Regulatory Accounts
 
Loss Reclassified from Deferred Accounts into Income (Effective Portion)
Millions of dollars
 
(Effective Portion)
 
Location
 
Amount
Year Ended December 31, 2018
 
 

 
 
 
 

Interest rate contracts
 
$
1

 
Interest expense
 
$
(1
)
Year Ended December 31, 2017
 
 

 
 
 
 

Interest rate contracts
 
$
(2
)
 
Interest expense
 
$
(2
)
Year Ended December 31, 2016
 
 

 
 
 
 
Interest rate contracts
 

 
Interest expense
 
$
(2
)

The Company:
 
Gain (Loss) Recognized
in OCI, net of tax
 
Gain (Loss) Reclassified from AOCI into Income,
net of tax (Effective Portion)
Millions of dollars
 
(Effective Portion)
 
Location
 
Amount
Year Ended December 31, 2018
 
 

 
 
 
 

Interest rate contracts
 
$
1

 
Interest expense
 
$
(9
)
Commodity contracts
 
(3
)
 
Gas purchased for resale
 
(7
)
Total
 
$
(2
)
 
 
 
$
(16
)
Year Ended December 31, 2017
 
 

 
 
 
 

Interest rate contracts
 

 
Interest expense
 
$
(7
)
Commodity contracts
 
$
(7
)
 
Gas purchased for resale
 
1

Total
 
$
(7
)
 
 
 
$
(6
)
Year Ended December 31, 2016
 
 

 
 
 
 

Interest rate contracts
 
$
(1
)
 
Interest expense
 
$
(7
)
Commodity contracts
 
5

 
Gas purchased for resale
 
(6
)
Total
 
$
4

 
 
 
$
(13
)
Derivatives Not Designated as Hedging Instruments [Table Text Block]
Derivatives Not Designated as Hedging Instruments
The Company and Consolidated SCE&G:
 
Gain (Loss) Deferred in 
 
Gain (Loss) Reclassified from
Deferred Accounts into Income
Millions of dollars
 
Regulatory Accounts
 
Location
 
Amount
Year Ended December 31, 2018
 
 

 
 
 
 
Interest rate contracts
 
$
64

 
Interest Expense
 
$
(2
)
Interest rate contracts
 
 
 
Other Income
 
115

Year Ended December 31, 2017
 
 

 
 
 
 
Interest rate contracts
 
$
(32
)
 
Interest Expense
 
$
(3
)
Interest rate contracts
 
 
 
Impairment Loss
 
(173
)
Year Ended December 31, 2016
 
 
 
 
 
 
Interest rate contracts
 
$
(34
)
 
Other income
 
$
(2
)
Disclosure of Credit Derivatives [Table Text Block]
 
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
in Net Liability Position
 
 

 
 

 
 
 
 
Aggregate fair value of derivatives in net liability position
 
$
24.8

 
$
33.7

 
$
11.2

 
$
14.7

Fair value of collateral already posted
 
24.3

 
28.9

 
11.0

 
10.1

Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered
 
$
0.5

 
$
4.8

 
$
0.2

 
$
4.6

 
 
 
 
 
 
 
 
 
in Net Asset Position
 
 
 
 
 
 
 
 
Aggregate fair value of derivatives in net asset position
 

 
$
53.5

 

 
$
53.5

Fair value of collateral already posted
 

 

 

 

Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered
 

 
$
53.5

 

 
$
53.5

Offsetting Assets [Table Text Block]
Information related to the offsetting derivative assets follows:
Derivative Assets
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
Interest Rate Contracts
 
Commodity Contracts
 
Energy Management Contracts
 
Total
 
Interest Rate Contracts
As of December 31, 2018
 
 

 
 
 
 

 
 
 
 
Gross Amounts of Recognized Assets
 

 
$
1

 
$
13

 
$
14

 

Gross Amounts Offset in Statement of Financial Position
 

 

 
(11
)
 
(11
)
 

Net Amounts Presented in Statement of Financial Position
 

 
1

 
2

 
3

 

Gross Amounts Not Offset - Financial Instruments
 

 

 

 

 

Gross Amounts Not Offset - Cash Collateral Received
 

 

 

 

 

Net Amount
 

 
$
1

 
$
2

 
$
3

 

Balance sheet location
 
 
 
 
 
 
 
 
 
 
     Prepayments
 
 
 
 
 
 
 
$
12

 

     Other current assets
 
 
 
 
 
 
 
1

 

     Other deferred debits and other assets
 
 
 
 
 
 
 
1

 

Total
 
 
 
 
 
 
 
$
14

 

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Assets
 
$
54

 
$
1

 
$
4

 
$
59

 
$
54

Gross Amounts Offset in Statement of Financial Position
 

 

 

 

 

Net Amounts Presented in Statement of Financial Position
 
54

 
1

 
4

 
59

 
54

Gross Amounts Not Offset - Financial Instruments
 

 

 

 

 

Gross Amounts Not Offset - Cash Collateral Received
 

 

 

 

 

Net Amount
 
$
54

 
$
1

 
$
4

 
$
59

 
$
54

Balance sheet location
 
 
 
 
 
 
 
 
 
 
     Other current assets
 
 
 
 
 
 
 
$
58

 
$
54

     Other deferred debits and other assets
 
 
 
 
 
 
 
1

 

Total
 
 
 
 
 
 
 
$
59

 
$
54

Offsetting Liabilities [Table Text Block]
Information related to the offsetting of derivative liabilities follows:
Derivative Liabilities
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
Interest Rate Contracts
 
Commodity Contracts
 
Energy Management Contracts
 
Total
 
Interest Rate Contracts
As of December 31, 2018
 
 

 
 
 
 

 
 
 
 
Gross Amounts of Recognized Liabilities
 
$
24

 
$
1

 
$
13

 
$
38

 
$
11

Gross Amounts Offset in Statement of Financial Position
 

 

 
(11
)
 
(11
)
 

Net Amounts Presented in Statement of Financial Position
 
24

 
1

 
2

 
27

 
11

Gross Amounts Not Offset - Financial Instruments
 

 

 

 

 

Gross Amounts Not Offset - Cash Collateral Posted
 
(24
)
 

 

 
(24
)
 
(11
)
Net Amount
 

 
$
1

 
$
2

 
$
3

 

Balance sheet location
 
 
 
 
 
 
 
 
 
 
     Prepayments
 
 
 
 
 
 
 
$
13

 

     Other current liabilities
 
 
 
 
 
 
 
3

 
$
1

     Other deferred credits and other liabilities
 
 
 
 
 
 
 
22

 
10

Total
 
 
 
 
 
 
 
$
38

 
$
11

 
 
 
 
 
 
 
 
 
 
 
Derivative Liabilities
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
Interest Rate Contracts
 
Commodity Contracts
 
Energy Management Contracts
 
Total
 
Interest Rate Contracts
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Liabilities
 
$
32

 
$
3

 
$
3

 
$
38

 
$
15

Gross Amounts Offset in Statement of Financial Position
 

 

 
(1
)
 
(1
)
 

Net Amounts Presented in Statement of Financial Position
 
32

 
3

 
2

 
37

 
15

Gross Amounts Not Offset - Financial Instruments
 

 

 

 

 

Gross Amounts Not Offset - Cash Collateral Posted
 
(28
)
 

 
(1
)
 
(29
)
 

Net Amount
 
$
4

 
3

 
$
1

 
$
8

 
$
15

Balance sheet location
 
 
 
 
 
 
 
 
 
 
     Other current assets
 
 
 
 
 
 
 
$
2

 

     Other current liabilities
 
 
 
 
 
 
 
7

 
$
2

     Other deferred credits and other liabilities
 
 
 
 
 
 
 
28

 
13

Total
 
 
 
 
 
 
 
$
37

 
$
15

SCE&G  
Derivative [Line Items]  
Schedule of Derivative Instruments [Table Text Block]
The aggregate notional amounts of the interest rate swaps were as follows:
Interest Rate Swaps
 
 
 
 
 
 
 
 
 
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
Designated as hedging instruments
 
$
106.8

 
$
111.2

 
$
36.4

 
$
36.4

Not designated as hedging instruments
 
35.0

 
735.0

 
35.0

 
735.0

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

Fair Values of Derivative Instruments
 
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
Balance Sheet Location
 
Asset
 
Liability
 
Asset
 
Liability
As of December 31, 2018
 
 

 
 

 
 
 
 
Designated as hedging instruments
 
 

 
 

 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
Other current liabilities
 

 
$
2

 

 
$
1

 
 
Other deferred credits and other liabilities
 

 
19

 

 
7

Commodity contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 

 
1

 

 

Total
 

 
$
22

 

 
$
8

 
 
 
 
 
 
 
 
 
 
 
Not designated as hedging instruments
 
 

 
 

 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
Other deferred credits and other liabilities
 

 
$
3

 

 
$
3

Commodity contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 
$
1

 

 

 

Energy management contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 
11

 
12

 

 

 
 
Other current assets
 
1

 

 

 

 
 
Other current liabilities
 

 
1

 

 

 
 
Other deferred debits and other assets
 
1

 

 

 

Total
 
 
 
$
14

 
$
16

 

 
$
3

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017
 
 
 
 
 
 
 
 
Designated as hedging instruments
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
Other current liabilities
 

 
$
3

 

 
$
1

 
 
Other deferred credits and other liabilities
 

 
24

 

 
9

Commodity contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 

 
2

 

 

 
 
Other current liabilities
 

 
1

 

 

Total
 

 
$
30

 

 
$
10

 
 
 
 
 
 
 
 
 
 
 
Not designated as hedging instruments
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
Other current assets and current liabilities
 
$
54

 
$
1

 
$
54

 
$
1

 
 
Other deferred credits and other liabilities
 

 
4

 

 
4

Commodity contracts
 
 
 
 
 
 
 
 
 
 
Other current assets
 
1

 

 

 

Energy management contracts
 
 
 
 
 
 
 
 
 
 
Prepayments
 

 
1

 

 

 
 
Other current assets
 
3

 

 

 

 
 
Other deferred debits and other assets
 
1

 

 

 

 
 
Other current liabilities
 

 
2

 

 

Total
 
 
 
$
59

 
$
8

 
$
54

 
$
5

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The effect of derivative instruments on the consolidated statements of operations is as follows: 
The Company and Consolidated SCE&G:
 
Gain (Loss) Deferred in Regulatory Accounts
 
Loss Reclassified from Deferred Accounts into Income (Effective Portion)
Millions of dollars
 
(Effective Portion)
 
Location
 
Amount
Year Ended December 31, 2018
 
 

 
 
 
 

Interest rate contracts
 
$
1

 
Interest expense
 
$
(1
)
Year Ended December 31, 2017
 
 

 
 
 
 

Interest rate contracts
 
$
(2
)
 
Interest expense
 
$
(2
)
Year Ended December 31, 2016
 
 

 
 
 
 
Interest rate contracts
 

 
Interest expense
 
$
(2
)
Derivatives Not Designated as Hedging Instruments [Table Text Block]
Derivatives Not Designated as Hedging Instruments
The Company and Consolidated SCE&G:
 
Gain (Loss) Deferred in 
 
Gain (Loss) Reclassified from
Deferred Accounts into Income
Millions of dollars
 
Regulatory Accounts
 
Location
 
Amount
Year Ended December 31, 2018
 
 

 
 
 
 
Interest rate contracts
 
$
64

 
Interest Expense
 
$
(2
)
Interest rate contracts
 
 
 
Other Income
 
115

Year Ended December 31, 2017
 
 

 
 
 
 
Interest rate contracts
 
$
(32
)
 
Interest Expense
 
$
(3
)
Interest rate contracts
 
 
 
Impairment Loss
 
(173
)
Year Ended December 31, 2016
 
 
 
 
 
 
Interest rate contracts
 
$
(34
)
 
Other income
 
$
(2
)
Disclosure of Credit Derivatives [Table Text Block]
 
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
in Net Liability Position
 
 

 
 

 
 
 
 
Aggregate fair value of derivatives in net liability position
 
$
24.8

 
$
33.7

 
$
11.2

 
$
14.7

Fair value of collateral already posted
 
24.3

 
28.9

 
11.0

 
10.1

Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered
 
$
0.5

 
$
4.8

 
$
0.2

 
$
4.6

 
 
 
 
 
 
 
 
 
in Net Asset Position
 
 
 
 
 
 
 
 
Aggregate fair value of derivatives in net asset position
 

 
$
53.5

 

 
$
53.5

Fair value of collateral already posted
 

 

 

 

Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered
 

 
$
53.5

 

 
$
53.5

Offsetting Assets [Table Text Block]
Information related to the offsetting derivative assets follows:
Derivative Assets
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
Interest Rate Contracts
 
Commodity Contracts
 
Energy Management Contracts
 
Total
 
Interest Rate Contracts
As of December 31, 2018
 
 

 
 
 
 

 
 
 
 
Gross Amounts of Recognized Assets
 

 
$
1

 
$
13

 
$
14

 

Gross Amounts Offset in Statement of Financial Position
 

 

 
(11
)
 
(11
)
 

Net Amounts Presented in Statement of Financial Position
 

 
1

 
2

 
3

 

Gross Amounts Not Offset - Financial Instruments
 

 

 

 

 

Gross Amounts Not Offset - Cash Collateral Received
 

 

 

 

 

Net Amount
 

 
$
1

 
$
2

 
$
3

 

Balance sheet location
 
 
 
 
 
 
 
 
 
 
     Prepayments
 
 
 
 
 
 
 
$
12

 

     Other current assets
 
 
 
 
 
 
 
1

 

     Other deferred debits and other assets
 
 
 
 
 
 
 
1

 

Total
 
 
 
 
 
 
 
$
14

 

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Assets
 
$
54

 
$
1

 
$
4

 
$
59

 
$
54

Gross Amounts Offset in Statement of Financial Position
 

 

 

 

 

Net Amounts Presented in Statement of Financial Position
 
54

 
1

 
4

 
59

 
54

Gross Amounts Not Offset - Financial Instruments
 

 

 

 

 

Gross Amounts Not Offset - Cash Collateral Received
 

 

 

 

 

Net Amount
 
$
54

 
$
1

 
$
4

 
$
59

 
$
54

Balance sheet location
 
 
 
 
 
 
 
 
 
 
     Other current assets
 
 
 
 
 
 
 
$
58

 
$
54

     Other deferred debits and other assets
 
 
 
 
 
 
 
1

 

Total
 
 
 
 
 
 
 
$
59

 
$
54

Offsetting Liabilities [Table Text Block]
Information related to the offsetting of derivative liabilities follows:
Derivative Liabilities
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
Interest Rate Contracts
 
Commodity Contracts
 
Energy Management Contracts
 
Total
 
Interest Rate Contracts
As of December 31, 2018
 
 

 
 
 
 

 
 
 
 
Gross Amounts of Recognized Liabilities
 
$
24

 
$
1

 
$
13

 
$
38

 
$
11

Gross Amounts Offset in Statement of Financial Position
 

 

 
(11
)
 
(11
)
 

Net Amounts Presented in Statement of Financial Position
 
24

 
1

 
2

 
27

 
11

Gross Amounts Not Offset - Financial Instruments
 

 

 

 

 

Gross Amounts Not Offset - Cash Collateral Posted
 
(24
)
 

 

 
(24
)
 
(11
)
Net Amount
 

 
$
1

 
$
2

 
$
3

 

Balance sheet location
 
 
 
 
 
 
 
 
 
 
     Prepayments
 
 
 
 
 
 
 
$
13

 

     Other current liabilities
 
 
 
 
 
 
 
3

 
$
1

     Other deferred credits and other liabilities
 
 
 
 
 
 
 
22

 
10

Total
 
 
 
 
 
 
 
$
38

 
$
11

 
 
 
 
 
 
 
 
 
 
 
Derivative Liabilities
 
The Company
 
Consolidated SCE&G
Millions of dollars
 
Interest Rate Contracts
 
Commodity Contracts
 
Energy Management Contracts
 
Total
 
Interest Rate Contracts
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Liabilities
 
$
32

 
$
3

 
$
3

 
$
38

 
$
15

Gross Amounts Offset in Statement of Financial Position
 

 

 
(1
)
 
(1
)
 

Net Amounts Presented in Statement of Financial Position
 
32

 
3

 
2

 
37

 
15

Gross Amounts Not Offset - Financial Instruments
 

 

 

 

 

Gross Amounts Not Offset - Cash Collateral Posted
 
(28
)
 

 
(1
)
 
(29
)
 

Net Amount
 
$
4

 
3

 
$
1

 
$
8

 
$
15

Balance sheet location
 
 
 
 
 
 
 
 
 
 
     Other current assets
 
 
 
 
 
 
 
$
2

 

     Other current liabilities
 
 
 
 
 
 
 
7

 
$
2

     Other deferred credits and other liabilities
 
 
 
 
 
 
 
28

 
13

Total
 
 
 
 
 
 
 
$
37

 
$
15