U-9C-3 1 0001.txt FORM U-9C-3 QUARTERLY REPORT 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 December 31, 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 Energy January 6, 1997 Delaware 16.48% (b) provide long-term energy service contracts from use of micro turbines South Carolina Electric &Gas Company (a) SC Coaltech No. 1 LP 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 Person to Whom Collateral Consideration Company Issuing Type of Security Amount of or Cost of Security was Given with for Each 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 $1,266,000 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 $16,174,558 - - $16,174,558 & 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 $16,754,021 - - $16,754,021 South Carolina Electric & Gas Company SC Coaltech No.1 LP Trucking Service $ 91,772 - - $ 91,772 South Carolina Electric & Gas Company SC Coaltech No.1 LP Fuel Handling $ 120,026 - - $ 120,026
3 ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT (Dollars in Thousands) Investments in energy-related companies: Total consolidated capitalization as of December 31, 2000 $5,487,327(A) Line 1 Total capitalization multiplied by 15% (line 1 multiplied by 0.15) 823,099 Line 2 Greater of $50 million or line 2 $823,099 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 5,926 Energy-related business category 7 - Energy-related business category 8 - Energy-related business category 9 - Energy-related business category 10 - Total current aggregate investment $12,226 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) $810,873 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 mandatorily 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 Reason for difference related business last U-9C-3 report this U-9C-3 report in 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 December 31, 2000 Exhibit B Solo Energy Corporation Income Statement for the Periods ended December 31, 2000 Exhibit C SC Coaltech No. l LP Balance Sheet as of December 31, 2000 Exhibit D SC Coaltech No. l LP Income Statement for the Periods ended December 31, 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 28th day of February 2001. SCANA Corporation Registrant by: s/Mark R. Cannon Mark R. Cannon (Name) Controller (Title) February 28, 2001 (Date) 6 Exhibit A Solo Energy Balance Sheet As of December 31, 2000 (Dollars in Thousands) (Unaudited) ASSETS Current Assets Cash $2,073 Accounts Receivable - Other Current Assets 5 ------------------------------------------------------------------------ Total Current Assets 2,078 ------------------------------------------------------------------------ Fixed Assets 1,236 Other Assets 699 ------------------------------------------------------------------------ TOTAL ASSETS $4,013 ======================================================================== LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable $2,647 Other Current Liabilities 6 ------------------------------------------------------------------------ Total Current Liabilities 2,653 ------------------------------------------------------------------------ Long-term debt 7 Equity 1,353 ------------------------------------------------------------------------ TOTAL LIABILITIES & EQUITY $4,013 ======================================================================== 7 Exhibit B Solo Energy Income Statement for the Periods ended December 31, 2000 (Dollars in Thousands) (Unaudited) Ordinary Income/Expense Quarter Year to Date Expense Total Commercial Development $ 205 $ 663 Total Research and Development 4,696 10,456 Total G&A 1,392 4,195 ----------------------------------------------------------------------------- Total Expense 6,293 15,314 ----------------------------------------------------------------------------- Net Ordinary Income (Loss) (6,293) (15,314) Other Income/Expense Other Income Interest Income 45 134 ----------------------------------------------------------------------------- Total Other Income 45 134 ----------------------------------------------------------------------------- ============================================================================= Net Income (Loss) $(6,248) $(15,180) ============================================================================= 8 Exhibit C South Carolina Coaltech No. l LP Balance Sheet As of December 31, 2000 (Dollars in Thousands) (Unaudited) ASSETS Current Assets Cash $ 213 Accounts Receivable 5,861 ------------------------------------------------- ------------------ Total Current Assets 6,074 ------------------------------------------------- ------------------ Fixed Assets 9,350 ------------------------------------------------- ------------------ TOTAL ASSETS $15,424 ================================================= ================== LIABILITIES & EQUITY Liabilities Accounts Payable $ 5,632 ------------------------------------------------- ------------------ Total Liabilities 5,632 ------------------------------------------------- ------------------ Equity Partner Accounts 20,834 Retained Earnings - Net Income/(loss) (11,042) ------------------------------------------------- ------------------ Total Equity 9,792 ------------------------------------------------- ------------------ TOTAL LIABILITIES & EQUITY $15,424 ================================================= ================== 9 Exhibit D South Carolina Coaltech No. 1 LP Income Statement for the Periods ended December 31, 2000 (Dollars in Thousands) (Unaudited) Quarter Year to Date INCOME: Synfuel Sales $16,169 $31,883 Other Income - - ------------------------------ --------------------- --------------- TOTAL INCOME $16,169 $31,883 EXPENSES: Depreciation 334 946 Raw Material (coal) 16,754 32,955 Operating Costs 2,265 7,579 General Partners Cost 111 350 Other Costs 510 1,095 ------------------------------ --------------------- --------------- TOTAL EXPENSES 19,974 42,925 NET INCOME (LOSS) $ (3,805) $ (11,042) ============================== ===================== =============== 10 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 September 30, 2000, was filed with the state 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 February 28, 2001 By: s/M. R. Cannon ---------------------------------- M. R. Cannon Controller (principal accounting officer) 11