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 September 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 23.8% (b) provide long-term energy service contracts from use of micro turbines South Carolina Eletric &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 forth 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 Whom Security was Given with for Each Company Issuing Security Type of Security Issued Security Renewal Capital Issued Security Security ------------------------ ----------------------- -------- ------- ------- ------ -------- -------- None Company Contributing Capital Company Receiving Capital Amount of Capital Contribution South Carolina Electric & Gas Company SC Coaltech No. l LP $880,000 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 ------------------ ------------------ -------- ------- ------------- ------- ------ SC Coaltech No. 1 LP South Carolina Electric Synthetic Fuel Sales $12,820,280 - - $12,820,280 & Gas Company 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 & Gas Company SC Coaltech No.1 LP Coal Sales $13,221,999 - - $13,221,999 South Carolina Electric & Gas Company SC Coaltech No.1 LP Trucking Service $ 55,432 - - $ 55,432
3 ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT (Dollars in Thousands) Investments in energy-related companies: Total consolidated capitalization as of September 30, 2000 $5,397,862 (A) Line 1 Total capitalization multiplied by 15% (line1 multiplied by 0.15) 809,679 Line 2 Greater of $50 million or line 2 $809,679 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 4,660 Energy-related business category 7 - Energy-related business category 8 - Energy-related business category 9 - Energy-related business category 10 - Total current aggregate investment $10,960 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) $798,719 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 energy- Other investment in Other investment in related business last U-9C-3 report this U-9C-3 report None* Reason for difference in Other Investment *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 September 30, 2000 Exhibit B Solo Energy Corporation Income Statement for the Periods ended September 30, 2000 Exhibit C SC Coaltech No. l LP Balance Sheet as of September 30, 2000 Exhibit D SC Coaltech No. l LP Income Statement for the Periods ended September 30, 2000 Exhibit E Certificate of SCANA Corporation 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 21st day of November 2000. SCANA Corporation Registrant by: s/Mark R. Cannon Mark R. Cannon (Name) Controller (Title) November 21, 2000 (Date) Exhibit A Solo Energy Balance Sheet As of September 30, 2000 (Dollars in Thousands) (Unaudited) ASSETS Current Assets Cash $7,179 Accounts Receivable 13 Other Current Assets 5 ------------------------------------------------------------------- Total Current Assets 7,197 ------------------------------------------------------------------- Fixed Assets 1,120 Other Assets 395 ------------------------------------------------------------------- TOTAL ASSETS $8,712 =================================================================== LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable $ 873 Other Current Liabilities 230 ------------------------------------------------------------------- Total Current Liabilities 1,103 ------------------------------------------------------------------- Equity 7,609 ------------------------------------------------------------------- TOTAL LIABILITIES & EQUITY $8,712 =================================================================== 7 Exhibit B Solo Energy Income Statement for the Periods ended September 30, 2000 (Dollars in Thousands) (Unaudited) Ordinary Income/Expense Quarter Year to Date Expense Total Commercial Development $ 411 $ 459 Bad Debt Expense 10 10 Total Research and Development 4,584 5,502 Total G&A 1,381 2,911 --------------------------------------------------------------------- Total Expense 6,386 8,882 --------------------------------------------------------------------- Net Ordinary Income (Loss) (6,386) (8,882) Other Income/Expense Other Income Interest Income 65 89 Other Income - 1 --------------------------------------------------------------------- Total Other Income 65 90 --------------------------------------------------------------------- Other Expense Interest Expense 37 112 --------------------------------------------------------------------- Total Other Expense 37 112 --------------------------------------------------------------------- ===================================================================== Net Income (Loss) $(6,358) $(8,904) ===================================================================== 8 Exhibit C South Carolina Coaltech No. l LP Balance Sheet As of September 30, 2000 (Dollars in Thousands) (Unaudited) ASSETS Current Assets Cash $ 347 Accounts Receivable 5,756 ------------------------------------------------------------------- Total Current Assets 6,103 ------------------------------------------------------------------- Fixed Assets 9,684 ------------------------------------------------------------------- TOTAL ASSETS $15,787 =================================================================== LIABILITIES & EQUITY Liabilities Accounts Payable $ 5,356 ------------------------------------------------------------------- Total Liabilities 5,356 ------------------------------------------------------------------- Equity Partner Accounts 17,668 Retained Earnings - Net Income (7,237) ------------------------------------------------------------------- Total Equity 10,431 ------------------------------------------------------------------- TOTAL LIABILITIES & EQUITY $15,787 =================================================================== 9 Exhibit D South Carolina Coaltech No. 1 LP Income Statement for the Periods ended September 30, 2000 (Dollars in Thousands) (Unaudited) Quarter Year to Date INCOME: Synfuel Sales $12,820 $15,714 Other Income - - -------------------------------- --------------------- --------------- TOTAL INCOME 12,820 $15,714 EXPENSES: Depreciation 334 612 Raw Material (coal) 13,222 16,201 Operating Costs 368 5,433 General Partners Cost 60 120 Other Costs 1,678 585 -------------------------------- --------------------- --------------- TOTAL EXPENSES 15,662 22,951 NET INCOME (LOSS) $ (2,842) $ (7,237) ================================ ===================== =============== Exhibit E Certificate Pursuant to the requirements of Rule 58 of the Public Utility Holding Company Act of 1935, the undersigned certifies that: A copy of SCANA's quarterly report on Form U-9C-3 for the quarterly period ended June 30, 2000, was filed with the sate commissions having jurisdiction over the retail rates of SCANA Corporation's public utility subsidiary companies. The names and addresses of these state commissions are as follows: South Carolina Public Service Commission P. O. Box 11649 Columbia, SC 29211 North Carolina Utilities Commission 4325 Mail Service Center Raleigh, NC 27699-4325 November 21, 2000 By:s/M. R. Cannon -------------------------------- M. R. Cannon Controller (principal accounting officer) 10