-----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, KpVR67FFzERnBhJPZBfkOH5lwm7R5cYolRRRLatTDTQPGdzaybqP5+1IzzO3k6od hqILirzJpqkZhAzMUpuJAw== 0000754737-01-000011.txt : 20010307 0000754737-01-000011.hdr.sgml : 20010307 ACCESSION NUMBER: 0000754737-01-000011 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCANA CORP CENTRAL INDEX KEY: 0000754737 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 570784499 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-09533 FILM NUMBER: 1556313 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 35-CERT 1 0001.txt 35 ACT CERTIFICATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 In the Matter of SCANA Corporation CERTIFICATE PURSUANT TO RULE (File No. 70-9533) 24 UNDER THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 This Certificate of Notification is filed by SCANA, a South Carolina corporation, pursuant to Rule 24 (17 C.F.R. S250.24). Such filing is made in connection with SCANA's Form U-1 Application, as amended (the Application), and authorized by the orders (the Orders) of the Securities and Exchange Commission (the Commission) dated February 14, 2000 and January 31, 2001, in the above-referenced file. The Order directed that SCANA file with the Commission quarterly certificates pursuant to Rule 24 within 60 days after each calendar quarter. This certificate reports transactions from the period October 1, 2000 through December 31, 2000. Capitalized terms not otherwise defined herein have the meaning ascribed in the Application. 1. SCANA Common Stock sold during the quarter: None 2. SCANA Common Stock issued or issuable under options granted during the quarter under employee benefit plans and dividend reinvestment plans: No new shares of SCANA common stock were issued under such plans. No options were granted pursuant to the SCANA Corporation Long-Term Equity Compensation Plan. 138,406 shares of SCANA common stock were purchased in the open market for issuance pursuant to the SCANA Investor Plus Plan and 324,282 shares of SCANA common stock were purchased in the open market for issuance pursuant to employee benefit plans. 3. SCANA Common Stock transferred to a seller of securities of a company being acquired: None 4. SCANA guarantees issued during the quarter: There were no SCANA guarantees issued during the quarter. However, South Carolina Electric & Gas Company renewed its existing $125 million guarantee for South Carolina Fuel Company's commercial paper credit agreement. 5. SCANA debt issued and Utility Subsidiary short-term debt issued during the quarter: A. SCANA debt issuances: Short-term bank loans issued from Centric Capital, KBC and Wachovia Bank, ranging in amount from $7 million to $50 million, at interest rates ranging from 6.85% to 7.82%. The maximum amount of short-term indebtedness of SCANA outstanding at any one time during the period was $85.0 million. B. Utility Subsidiary short-term debt issuances: South Carolina Electric & Gas Company: Short-term debt in the form of commercial paper issued through Lehman Brothers and Merrill Lynch, ranging in amount from $0.327 million to $32.3 million, at interest rates ranging from 6.54% to 6.63%. The maximum amount of short-term indebtedness of South Carolina Electric & Gas Company outstanding at any one time during the period was $117.5 million. Public Service Company of North Carolina, Incorporated: Short-term debt in the form of commercial paper issued through Lehman Brothers and Merrill Lynch, ranging in amount from $61.5 million to $63.5 million, at interest rates ranging from 6.57% to 6.73%. The maximum amount of short-term indebtedness of Public Service Company of North Carolina, Incorporated outstanding at any one time during the period was $125.0 million. South Carolina Generating Company, Inc.: None 6. Utility Subsidiary financings consummated during the quarter that are not exempt under Rule 52: See item 5B above. 7. Forms U-6B-2 filed with the Commission during the quarter: None 8. Consolidated and separate balance sheets as of the end of the quarter for each company that engaged in jurisdictional financing transactions during the quarter. SCANA Consolidated Balance Sheet (Exhibit A). South Carolina Electric & Gas Company Balance Sheet (Exhibit B). Public Service Company of North Carolina, Incorporated Balance Sheet (Exhibit C). South Carolina Generating Company, Inc. Balance Sheet (Not applicable). 9. Registration Statements filed with the Commission pursuant to the Securities Act of 1933 during the quarter. SCANA Corporation Form S-3 filed November 15, 2000 (Incorporated by reference to SCANA Corporation File No. 333-49960). SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, SCANA has duly caused this Certificate to be signed on its behalf by the undersigned hereunto duly authorized. SCANA Corporation Registrant by: s/Mark R. Cannon Mark R. Cannon (Name) Controller (Title) Dated: February 28, 2001 Exhibit A SCANA Corporation CONSOLIDATED BALANCE SHEETS (UNAUDITED) - ------------------------------------------------------------------------------ December 31, 2000 1999 - ------------------------------------------------------------------------------ Assets (Millions of Dollars) Utility Plant Electric $4,747 $4,633 Gas 1,435 632 Other 187 191 - ----------------------------------------------------------------------------- Total 6,369 5,456 Less accumulated depreciation and amortization 2,212 1,829 - ----------------------------------------------------------------------------- Total 4,157 3,627 Construction work in progress 261 159 Nuclear fuel, net of accumulated amortization 57 43 Acquisition adjustment, net of accumulated amortization 474 22 - ----------------------------------------------------------------------------- Utility Plant, Net 4,949 3,851 - ----------------------------------------------------------------------------- Nonutility Property, net of accumulated depreciation 79 61 Investments 203 938 - ----------------------------------------------------------------------------- Nonutility Property and Investments, net of accumulated depreciation 282 999 - ----------------------------------------------------------------------------- Current Assets: Cash and temporary cash investments 159 116 Receivables 699 318 Inventories (At average cost): Fuel 107 82 Materials and supplies 56 51 Emission allowances 20 17 Prepayments 16 18 Investments 479 - Deferred income taxes - 16 - ----------------------------------------------------------------------------- Total Current Assets 1,536 618 - ----------------------------------------------------------------------------- Deferred Debits: Emission allowances 3 14 Environmental 30 24 Nuclear plant decommissioning fund 72 64 Pension asset, net 196 144 Other regulatory assets 213 175 Other 139 122 - ----------------------------------------------------------------------------- Total Deferred Debits 653 543 - ----------------------------------------------------------------------------- Total $7,420 $6,011 ============================================================================= Exhibit A (con't) SCANA Corporation CONSOLIDATED BALANCE SHEETS (UNAUDITED) --------------------------------------------------------------------------- December 31, 2000 1999 --------------------------------------------------------------------------- Capitalization and Liabilities (Millions of Dollars) Stockholders' Investment: Common Equity $2,032 $2,099 Preferred stock (Not subject to purchase or sinking funds) 106 106 --------------------------------------------------------------------------- Total Stockholders' Investment 2,138 2,205 Preferred Stock, net (Subject to purchase or sinking funds) 10 11 SCE&G-Obligated Mandatorily Redeemable Preferred Securities of SCE&G's Subsidiary Trust, SCE&G Trust I, holding solely $50 million principal amount of the 7.55% Junior Subordinated Debentures of SCE&G, due 2027 50 50 Long-Term Debt, net 2,850 1,563 --------------------------------------------------------------------------- Total Capitalization 5,048 3,829 --------------------------------------------------------------------------- Current Liabilities: Short-term borrowings 398 266 Current portion of long-term debt 41 303 Accounts payable 396 189 Customer deposits 25 16 Taxes accrued 54 86 Interest accrued 42 29 Dividends declared 32 31 Deferred income taxes 98 - Other 25 13 --------------------------------------------------------------------------- Total Current Liabilities 1,111 933 --------------------------------------------------------------------------- Deferred Credits: Deferred income taxes 721 805 Deferred investment tax credits 119 116 Reserve for nuclear plant decommissioning 72 64 Postretirement benefits 113 98 Other regulatory liabilities 75 64 Other 161 102 --------------------------------------------------------------------------- Total Deferred Credits 1,261 1,249 --------------------------------------------------------------------------- Commitments and Contingencies - - --------------------------------------------------------------------------- Total $7,420 $6,011 =========================================================================== Exhibit B SOUTH CAROLINA ELECTRIC & GAS COMPANY CONSOLIDATED BALANCE SHEETS (UNAUDITED) - ---------------------------------------------------------------------------- December 31, 2000 1999 - ---------------------------------------------------------------------------- Assets (Millions of Dollars) Utility Plant: Electric $4,453 $4,337 Gas 409 392 Other 186 191 - ------------------------------------------------------------------------------ Total 5,048 4,920 Less accumulated depreciation and amortization 1,720 1,611 - ------------------------------------------------------------------------------ Total 3,328 3,309 Construction work in progress 230 149 Nuclear fuel, net of accumulated amortization 57 43 - ------------------------------------------------------------------------------ Utility Plant, Net 3,615 3,501 - ------------------------------------------------------------------------------ Nonutility Property and Investments, net of accumulated depreciation 21 19 - ------------------------------------------------------------------------------ Current Assets: Cash and temporary cash investments 60 78 Receivables 287 195 Inventories (At average cost): Fuel 21 30 Materials and supplies 46 48 Emission allowances 20 17 Prepayments 5 8 Deferred income taxes - 16 - ------------------------------------------------------------------------------ Total Current Assets 439 392 - ------------------------------------------------------------------------------ Deferred Debits: Emission allowances 3 14 Environmental 20 24 Nuclear plant decommissioning fund 72 64 Pension asset, net 196 144 Other regulatory assets 191 164 Other 107 82 - ------------------------------------------------------------------------------ Total Deferred Debits 589 492 - ------------------------------------------------------------------------------ Total $4,664 $4,404 ============================================================================== Exhibit B (cont'd) SOUTH CAROLINA ELECTRIC & GAS COMPANY CONSOLIDATED BALANCE SHEETS (UNAUDITED) --------------------------------------------------------------------------- December 31, 2000 1999 --------------------------------------------------------------------------- Capitalization and Liabilities (Millions of Dollars) Stockholders' Investment: Common Equity $1,657 $1,558 Preferred stock (Not subject to purchase or sinking funds) 106 106 --------------------------------------------------------------------------- Total Stockholders' Investment 1,763 1,664 Preferred Stock, net (Subject to purchase or sinking funds) 10 11 SCE&G-Obligated Mandatorily Redeemable Preferred Securities of SCE&G's Subsidiary Trust, SCE&G Trust I, holding solely $50 million principal amount of the 7.55% Junior Subordinated Debentures of SCE&G, due 2027 50 50 Long-Term Debt, net 1,267 1,121 --------------------------------------------------------------------------- Total Capitalization 3,090 2,846 --------------------------------------------------------------------------- Current Liabilities: Short-term borrowings 188 213 Current portion of long-term debt 28 128 Accounts payable 103 78 Accounts payable - affiliated companies 58 33 Customer deposits 17 17 Taxes accrued 51 60 Interest accrued 22 22 Dividends declared 44 28 Deferred income taxes 20 - Other 10 10 --------------------------------------------------------------------------- Total Current Liabilities 541 589 --------------------------------------------------------------------------- Deferred Credits: Deferred income taxes 584 560 Deferred investment tax credits 109 108 Reserve for nuclear plant decommissioning 72 64 Postretirement benefits 113 98 Other regulatory liabilities 65 59 Other 90 80 --------------------------------------------------------------------------- Total Deferred Credits 1,033 969 --------------------------------------------------------------------------- Total $4,664 $4,404 =========================================================================== Exhibit C PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - -------------------------------------------------------------------------------- December 31, December 31, 2000 1999 - -------------------------------------------------------------------------------- (Millions of Dollars) Assets Gas utility plant $ 787 $768 Less - Accumulated depreciation 263 245 Acquisition adjustment, net of accumulated amortization 452 - - ----------------------------------------------------------------- -------------- Gas utility plant, net 976 523 - ----------------------------------------------------------------- -------------- Nonutility Property and Investments, net of accumulated depreciation 34 31 - ----------------------------------------------------------------- -------------- Current assets: Cash and temporary investments 12 9 Restricted cash and temporary investments - 3 Receivables 149 59 Inventories (at average cost): Stored gas inventory 32 29 Materials and supplies 7 7 Deferred gas costs, net 9 27 Other 1 1 - ----------------------------------------------------------------- -------------- Total current assets 210 135 - ----------------------------------------------------------------- -------------- Deferred charges and other assets: Due from affiliate - pension asset 10 - Other 18 9 - ----------------------------------------------------------------- -------------- Total deferred charges and other assets 28 9 - ----------------------------------------------------------------- -------------- Total $1,248 $698 ================================================================= ============== ================================================================= ============== Capitalization and Liabilities Capitalization: Common equity $ 712 $232 Long-term debt 145 151 - ----------------------------------------------------------------- -------------- Total capitalization 857 383 - ----------------------------------------------------------------- -------------- Current liabilities: Short-term borrowings 125 138 Current portion of long-term debt 4 7 Accounts payable 84 50 Accrued taxes - 5 Customer prepayments and deposits 8 7 Advances from parent 44 - Dividends declared and interest accrued 5 8 Other 6 2 - ----------------------------------------------------------------- -------------- Total current liabilities 276 217 - ----------------------------------------------------------------- -------------- Deferred credits and other liabilities: Deferred income taxes, net 85 75 Deferred investment tax credits 3 3 Accrued pension cost - 3 Due to affiliate - postretirement benefits 10 - Other 17 17 - ----------------------------------------------------------------- -------------- Total deferred credits and other liabilities 115 98 - ----------------------------------------------------------------- -------------- Total $1,248 $698 ================================================================= ============== -----END PRIVACY-ENHANCED MESSAGE-----