-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KurqMRF+owiPWJ+DivS55jtTR6q6iKtvRHlgyBUmEiWQ72dajKaTKyi7ppmAy1Fq urvdsk97O7b+UprOCRbUjQ== /in/edgar/work/20000825/0000754737-00-000016/0000754737-00-000016.txt : 20000922 0000754737-00-000016.hdr.sgml : 20000922 ACCESSION NUMBER: 0000754737-00-000016 CONFORMED SUBMISSION TYPE: U-9C-3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000630 FILED AS OF DATE: 20000825 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCANA CORP CENTRAL INDEX KEY: 0000754737 STANDARD INDUSTRIAL CLASSIFICATION: [4931 ] IRS NUMBER: 570784499 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-9C-3 SEC ACT: SEC FILE NUMBER: 074-00039 FILM NUMBER: 709734 BUSINESS ADDRESS: STREET 1: 1426 MAIN ST STREET 2: P O BOX 764 CITY: COLUMBIA STATE: SC ZIP: 29201 BUSINESS PHONE: 8032179000 MAIL ADDRESS: STREET 1: MAIL CODE 051 CITY: COLUMBIA STATE: SC ZIP: 29218 U-9C-3 1 0001.txt U-9C-3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM U-9C-3 QUARTERLY REPORT PURSUANT TO RULE 58 OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. For the quarterly period ended June 30, 2000 SCANA Corporation - ------------------------------------------------------------------------------- (Name of registered holding company) 1426 Main Street, Columbia, South Carolina 29201 - -------------------------------------------------------------------------------- (Address of principal executive offices) Table of Contents Item No. Title Page - ------------ -------------------------------------------------- ------------ 1 Organization Chart 2 2 Issuances and Renewals of Securities and Capital Contributions 2 3 Associate Transactions 3 4 Summary of Aggregate Investment 4 5 Other Investments 5 6 Financial Statements and Exhibits 5 ITEM 1 - ORGANIZATION CHART Name Energy Percentage of or Date State of Voting Reporting Gas - related of of Securities Nature of Company Company Organization Organization Held Business SCANA Resources, Inc. (a) Solo Energy Corporation (new) Energy January 6, 1997 Delaware 31% (b) provide long-term energy service contracts from use of micro turbines South Carolina Electric &Gas Company (a) SC Coaltech No. 1 LP (new) Energy April 7, 2000 Delaware 40% production and sale of synthetic fuel
(a) These SCANA Corporation system companies are not reporting companies but they are included herein because they hold securities directly in the energy-related companies set below their names. (b) Solo Energy Corporation's certificate of incorporation limits SCANA Corporation and its wholly owned subsidiaries to an aggregate power to vote of 18% of total number of votes entitled to be cast on matters not requiring separate voting by the holders of Series B Preferred Stock. ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS Principal Issue Collateral Consideration Amount of or Cost of Person to Whomy Given with for Each Company Security Issuing Security Type of Security Issued Security Renewal Capital was Issued Security Security - ----------------- ----------------------- -------- ------- ------- ------ -------- -------- Solo Energy Series B Preferred Stock 7 million shares Issue $6,300,000 SCANA Resources, Inc. None $0.90(1) Corporation plus warrants to purchase up to 5 million additional shares Company Contributing Capital Company Receiving Capital Amount of Capital Contribution South Carolina Electric & Gas Company SC Coaltech No. l LP $3,780,000
(1) The shares were purchased for cash at $.90 per share, and the warrants were issued in consideration of services to be performed by SCANA Resources, Inc., or its affiliates. The warrants are currently exercisable with respect to 1,665,000 shares and may become exercisable with respect to the remaining 3,335,000 shares as services are performed. 2 ITEM 3 - ASSOCIATE TRANSACTIONS PART I - Transactions Performed by Reporting Companies on Behalf of Associate Companies Reporting Company Associate Company Types of Services Direct Costs Indirect Cost of Total Amount Rendering Services Receiving Services Rendered Charged Costs Charged Capital Billed ------------------ ------------------ -------- ------- ------------- ------- ------ None PART II - Transactions Performed by Associate Companies on Behalf of Reporting Companies Associate Company Reporting Company Type of Services Direct Costs Indirect Cost of Total Amount Rendering Services Receiving Services Rendered Charged Costs Charged Capital Billed ------------------ ------------------ -------- ------- ------------- ------- ------ South Carolina Electric SC Coaltech No.1 LP Fuel handling $3,210 - - $3,210 (1) & Gas Company (1) accrued but unbilled as of June 30, 2000
3 ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT (Dollars in Thousands) Investments in energy-related companies: Total consolidated capitalization as of June 30, 2000 $5,309,968(A) Line 1 Total capitalization multiplied by 15% (line1 multiplied by 0.15) 796,495 Line 2 Greater of $50 million or line 2 $796,495 Line 3 Total current aggregate investment: (categorized by major line of energy-related business) Energy-related business category 1 - Energy-related business category 2 - Energy-related business category 3 - Energy-related business category 4 $6,300 Energy-related business category 5 - Energy-related business category 6 3,780 Energy-related business category 7 - Energy-related business category 8 - Energy-related business category 9 - Energy-related business category 10 - Total current aggregate investment $10,080 Line 4 Difference between the greater of $50 million or 15% of capitalization and the total aggregate investment of the registered holding company system (line 3 less line 4) $786,415 Line 5 Investments in gas-related companies: Total current aggregate investment: (categorized by major line of gas-related business) Gas-related business category 1 - Gas-related business category 2 - Total current aggregate investment - (A) Includes common equity, preferred stock and manditorily redeemable preferred securities, long-term debt and current maturities and short-term borrowings. 4 ITEM 5 - OTHER INVESTMENTS (Dollars in Thousands) Major line of Other investment Other investment Reason for energy-related in last in this difference in related business U-9C-3 report U-9C-3 report Other Investment None* *As specifically authorized by the Securities and Exchange Commission in Public Utility Holding Company Act Release No. 27133 (February 9, 2000), SCANA Corporation currently retains certain interests in specific non-utility subsidiaries that are engaged in energy-related types of business as described in Rule 58 of the Public Utility Holding Company Act of 1935. ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS Exhibit A Solo Energy Corporation Balance Sheet as of June 30, 2000 Exhibit B Solo Energy Corporation Income Statement for the Period ended June 30, 2000 Exhibit C SC Coaltech No. l LP Income Statement for the Period ended June 30, 2000 (a) (a) SC Coaltech No. 1 LP Balance Sheet as of June 30, 2000 not available. 5 SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, SCANA Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on the day of . SCANA Corporation Registrant by: s/Mark R. Cannon Mark R. Cannon (Name) Controller (Title) August 25, 2000 (Date) 6 Exhibit A Solo Energy Balance Sheet As of June 30, 2000 (Dollars in Thousands) (Unaudited) ASSETS Current Assets Cash $5,750 Notes Receivable 191 ------------------------------------------------------------------------------ Total Current Assets 5,941 ------------------------------------------------------------------------------ Fixed Assets 300 Other Assets Security Deposit 110 Prepaid rent 18 Capitalized Organization Expense 15 Intellectual Properties 428 ------------------------------------------------------------------------------ Total Other Assets 571 ------------------------------------------------------------------------------ TOTAL ASSETS $6,812 ============================================================================== LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable $ 535 Accrued Interest Payable 118 Notes Payable 86 Short Term Debt 296 ------------------------------------------------------------------------------ Total Current Liabilities 1,035 ------------------------------------------------------------------------------ Total Liabilities 1,035 Equity Capital Stock 547 Preferred Stock Total Preferred B 8,402 Total Preferred A 1,862 ------------------------------------------------------------------------------ Total Preferred Stock 10,264 Retained Earnings (2,320) Net Income (2,714) ------------------------------------------------------------------------------ Total Equity 5,777 ------------------------------------------------------------------------------ TOTAL LIABILITIES & EQUITY $6,812 ============================================================================== 7 Exhibit B Solo Energy Income Statement As of June 30, 2000 (Dollars in Thousands) (Unaudited) Ordinary Income/Expense Expense Total Engineering 912 Total Marketing 5 G&A Relocation 8 Rent/25 19 Amortization 2 Automobile Expense 2 Capitalized Equipment 208 Consultants 237 Dues and Subscriptions 9 Equipment Rental 13 Total Execustaff 861 Insurance 3 Legal and Accounting Fees 107 Meals 10 Office Supplies and Expenses 12 Outside Services 5 Postage and Delivery 8 Printing and Reproduction 8 Rent 38 Repairs 1 Taxes 1 Telephone 20 Travel 193 Utilities 2 G&A - Other 2 - -------------------------------------------------------------------------------- Total G&A 1,769 - -------------------------------------------------------------------------------- Total Expense 2,686 - -------------------------------------------------------------------------------- Net Ordinary Income (2,686) Other Income/Expense Other Income Interest Income 25 Other Income 5 - -------------------------------------------------------------------------------- Total Other Income 30 Other Expense Interest Expense 58 - -------------------------------------------------------------------------------- Total Other Expense 58 Net Other Income (28) - -------------------------------------------------------------------------------- Net Income (2,714) ================================================================================ 8 Exhibit C South Carolina Coaltech No. 1 LP Income Statement April 7 to June 30, 2000 (Dollars in Thousands) (Unaudited) INCOME: Synfuel Sales $2,893 Other Income - -------------------------------- ---------------------------------- TOTAL INCOME 2,893 EXPENSES: Depreciation 227 Raw Material (coal) 2,979 Operating Costs 489 Insurance 67 General Partners Cost 60 One Time Expenses 3,201 Other Costs 240 -------------------------------- ---------------------------------- TOTAL EXPENSES 7,263 NET INCOME $(4,370) ================================ ================================== 9 -----END PRIVACY-ENHANCED MESSAGE-----