Posts Tagged ‘SCE&G’

SCE&G – Potato Head Recipient

Tuesday, April 27th, 2010

Potato Head Award

Today’s Potato Head Award goes to William B. Timmerman, SCANA Chairman of the Board and Chief Executive Officer (parent to SCE&G) for requesting a rate increase in these economic times. Quick highlights of SCE&G’s 2009’s financial performance: $2.569 billion in revenues yielding $547 million in income. [Information obtained from SCANA's 10-K report found at http://www.scana.com/NR/rdonlyres/40FE6283-D1C3-4560-804A-3670F0F7C22B/0/200910K.pdf.]  Translation > for every $1 in revenue, SEC&G makes a profit of 21¢. WOW!  Wish we could generate a return like this in these economic times.  (more…)

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