COLUMBIA, S.C., Aug. 3, 2001 — With the successful post-merger integration of PSNC Energy and SCANA Corporation in its final stages, Charlie Zeigler, president and COO of PSNC Energy, announced today that he has chosen to exercise his option under his employment agreement and take early retirement from SCANA Corporation effective September 28, 2001.
Prior to the merger, Zeigler served as director, president and chief executive officer of Public Service Company of North Carolina, Inc. He joined PSNC in 1986 as senior vice president of finance and served in a number of executive positions before being named president and CEO of PSNC in 1993.
“I feel very good about this move from both corporate and personal perspectives,” said Zeigler. “The past 15 years with PSNC Energy have been very fulfilling. Being able to link such a special group of people in North Carolina with so many other special people throughout SCANA has been a great experience. I will never forget my colleagues and will continue as a shareholder to support their good work,” said Zeigler.
SCANA CEO Bill Timmerman credits Zeigler with much of the success behind the smooth merger.
“Charlie’s pre- and post-merger integration efforts were significant in successfully combining the two companies. We wish him continued great success in his new business endeavors, and at the same time we’ll have the good fortune of retaining him as a consultant to our companies for an extended period of time,” said Timmerman.
SCANA Corporation’s merger with Public Service Company of North Carolina, Inc. (now PSNC Energy) was announced in February 1999 and closed in February 2000.
SCANA Senior Vice President Kevin Marsh will assume overall responsibility for PSNC Energy and SCANA Energy Marketing, Inc. (SEMI) in addition to continuing in his role as chief financial officer.
SCANA Corporation, a Fortune 500 company headquartered in Columbia, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations, telecommunications and other energy-related businesses. Information about SCANA is available on the Company’s Web Site at www.scana.com.