-----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, I39KfooNB4WWGhORh66vXF49tHz1LM5J8Rb2zFYlsP1vnZkVPvWVEtIGpIQAELuQ JbmfCdwZSxy/sMK/3XAngA== 0000754737-04-000219.txt : 20040825 0000754737-04-000219.hdr.sgml : 20040825 20040825083855 ACCESSION NUMBER: 0000754737-04-000219 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040825 DATE AS OF CHANGE: 20040825 EFFECTIVENESS DATE: 20040825 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: 1935 Act SEC FILE NUMBER: 070-10087 FILM NUMBER: 04995318 BUSINESS ADDRESS: STREET 1: 1426 MAIN ST STREET 2: MAIL CODE - 051 CITY: COLUMBIA STATE: SC ZIP: 29201 BUSINESS PHONE: 8032179000 MAIL ADDRESS: STREET 1: 1426 MAIN STREET STREET 2: MAIL CODE - 051 CITY: COLUMBIA STATE: SC ZIP: 29218 35-CERT 1 june35cert.txt JUNE 35 CERT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 In the Matter of SCANA Corporation CERTIFICATE PURSUANT TO RULE (File No. 70-10087) 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 order (the Order) of the Securities and Exchange Commission (the Commission) dated February 12, 2003, 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 April 1, 2004 through June 30, 2004. 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: Options to purchase 16,150 shares of SCANA common stock were exercised pursuant to the SCANA Corporation Long-Term Equity Compensation Plan, 42,946 shares of SCANA common stock were issued pursuant to the SCANA Investor Plus Plan, and 153,533 shares of SCANA common stock were issued 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: The guarantees below remain in effect until the earlier of contract fulfillment or termination by SCANA. With respect to transactions originating prior to the date of termination, the guarantee remains in effect until the underlying obligations are satisfied. The guarantees are issued in order to facilitate the energy trading activities of SCANA and its subsidiaries. SCANA increased the guarantee amount on a previous guarantee to OGE Energy Resources, Inc. for SCANA Energy Marketing, Inc. (SEMI) from $5.0 million to $10.0 million. SCANA issued a guarantee to Noble Gas Marketing, Inc. for SEMI in the amount of $2.0 million. SCANA issued a guarantee to Duke Energy Marketing America, Inc. for SEMI in the amount of $10.0 million. SCANA increased the guarantee amount on a previous guarantee issued to BG LNG Services, LLC for SEMI from $25.0 million to $60.0 million. In aggregate, the exposure in regards to guarantees issued and outstanding by SCANA does not exceed $600 million as authorized in the Order. 5. The amount and terms of any financings consummated by any utility or Intermediate Subsidiary, including short-term debt by SCANA and the issuance of any other securities during the quarter: A. Utility Subsidiary short-term debt issuances: South Carolina Electric & Gas Company: On June 30, 2004 SCE&G entered into an amendment of the Loan Agreement between its Nuclear Decommissioning Trust and Bank of America, N. A. with respect to a loan in the amount of $27.5 million. Short-term debt in the form of commercial paper issued through Lehman Brothers and Merrill Lynch, ranging in amount from $1.3 million to $62.6 million, at interest rates ranging from 1.06% to 1.35%. The maximum amount of short-term indebtedness of South Carolina Electric & Gas Company outstanding at any one time during the period was $183.4 million. Public Service Company of North Carolina, Incorporated: None South Carolina Generating Company, Incorporated.: None B. Public Service Company of North Carolina, Incorporated long-term debt issuances not exempt under Rule 52: PSNC's existing 364-Day Revolving Credit Agreement which was to expire on July 23, 2004, was replaced by a new Five Year Credit Agreement that will expire on June 15, 2009. The principal amount of the credit agreement is $125 million in Promissory Notes with the following persons. Wachovia Bank, National Association $21.2 million Bank of America, N.A. $21.2 million The Bank of New York $15.4 million Branch Banking and Trust Co. of South Carolina $14.4 million UBS Loan Finance LLC $9.6 million SunTrust Bank $7.7 million Credit Suisse First Boston, Cayman Island Branch $7.7 million Sumitoma Mitsui Banking Corporation $7.7 million KBC Bank, N. V. $5.3 million Regions Bank $5.3 million Carolina First Bank $4.8 million The National Bank of South Carolina $3.8 million South Carolina Bank and Trust, N. A. $0.9 million C. South Carolina Generating Company, Inc. long-term debt issuances not exempt under Rule 52: None D. SCANA debt issuances: None E. Debt issuances by Intermediate Subsidiaries: None 6. Registration Statements filed with the Commission pursuant to the Securities Act of 1933 during the quarter: SCANA Corporation Form S-3/A filed April 1, 2004 7. Nonutility subsidiary financings consummated during the quarter that are not exempt under Rule 52: None 8. Hedge Instruments or Anticipatory Hedges entered into during the quarter: None 9. Investments in Intermediate or Financing Subsidiaries during the quarter: None 10. Forms U-6B-2 filed with the Commission during the quarter: SCANA Corporation Form U-6B-2 filed May 20, 2004 SCE&G Form U-6B-2 filed June 22, 2004 SCE&G Form U-6B-2 filed June 22, 2004 South Carolina Fuel Company, Inc. (SCFC) Form U-6B-2 filed June 22, 2004 11. 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-1). South Carolina Electric & Gas Company Balance Sheet (Exhibit A-2). Public Service Company of North Carolina, Incorporated Balance Sheet (Exhibit A-3). 12. Capital Structures of SCANA and each Utility Subsidiary: See Exhibit Index 13. Maximum borrowings from and loans to the Utility Money Pool and the Nonutility Money Pool and the interest rate applied during the quarter: See Exhibit Index 14. Dividends paid by Nonutility subsidiaries out of capital or unearned surplus: None 15. Development or Administrative activities conducted by SCANA and its subsidiaries during the quarter: None 16. Internal reorganization of subsidiaries during the quarter: None 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/James E. Swan, IV ------------------------------------ James E. Swan, IV ------------------------------------ (Name) Controller (Title) Dated: August 25, 2004 EXHIBITS A-1 Balance Sheet for SCANA Corporation as of June 30, 2004 (Filed herewith) A-2 Balance Sheet for South Carolina Electric & Gas Company as of June 30, 2004 (Filed herewith) A-3 Balance Sheet for Public Service Company of North Carolina, Incorporated as of June 30, 2004 (Filed herewith) B Capital Structures of SCANA and each Utility Subsidiary (Filed herewith) C Schedule I and II of SCANA Corporation Form U-6B-2 filed August 17, 2004, incorporated by reference herein Exhibit A-1 SCANA CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - ------------------------------------------------------------------------------- June 30, Millions of dollars 2004 - ------------------------------------------------------------------------------- Assets Utility Plant: Electric $6,313 Gas 1,709 Common 198 - ------------------------------------------------------------------------------- Total 8,220 Accumulated depreciation and amortization (2,347) - ------------------------------------------------------------------------------- Total 5,873 Construction work in progress 407 Nuclear fuel, net of accumulated amortization 31 Acquisition adjustments, net of accumulated amortization 230 - ------------------------------------------------------------------------------- Utility Plant, Net 6,541 - ------------------------------------------------------------------------------- Nonutility Property, Net of Accumulated Depreciation 92 Investments 161 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Nonutility Property and Investments, Net 253 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Current Assets: Cash and temporary investments 227 Receivables, net of allowance for uncollectible accounts of $20 and $16 419 Receivables - affiliated companies 19 Inventories (at average cost): Fuel 146 Materials and supplies 62 Emission allowances 7 Prepayments 71 Deferred income taxes, net 7 - -------------------------------------------------------------------------------- Total Current Assets 958 - -------------------------------------------------------------------------------- Deferred Debits: Emission allowances 5 Environmental 18 Assets held in trust, net - nuclear decommissioning 46 Pension asset, net 278 Other regulatory assets 350 Other 162 - -------------------------------------------------------------------------------- Total Deferred Debits 859 - -------------------------------------------------------------------------------- Total $8,611 ================================================================================ 8 - -------------------------------------------------------------------------------- June 30, Millions of dollars 2004 - -------------------------------------------------------------------------------- Capitalization and Liabilities Shareholders' Investment: Common equity $2,390 Preferred stock (Not subject to purchase or sinking funds) 106 - -------------------------------------------------------------------------------- Total Shareholders' Investment 2,496 Preferred Stock, net (Subject to purchase or sinking funds) 9 Long-Term Debt, net 3,180 - -------------------------------------------------------------------------------- Total Capitalization 5,685 - -------------------------------------------------------------------------------- Current Liabilities: Short-term borrowings 168 Current portion of long-term debt 358 Accounts payable 228 Accounts payable - affiliated companies 18 Customer deposits 44 Taxes accrued 65 Interest accrued 56 Dividends declared 43 Other 61 - -------------------------------------------------------------------------------- Total Current Liabilities 1,041 - -------------------------------------------------------------------------------- Deferred Credits: Deferred income taxes, net 826 Deferred investment tax credits 114 Asset retirement obligation - nuclear plant 121 Postretirement benefits 138 Other regulatory liabilities 560 Other 126 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Total Deferred Credits 1,885 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Commitments and Contingencies - ================================================================================ - -------------------------------------------------------------------------------- Total $8,611 ================================================================================ Exhibit A-2 SOUTH CAROLINA ELECTRIC & GAS COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - ----------------------------------------------------------------------------- June 30, Millions of dollars 2004 - ----------------------------------------------------------------------------- Assets Utility Plant: Electric $6,313 Gas 464 Common 198 - ----------------------------------------------------------------------------- Total 6,975 Accumulated depreciation and amortization (1,959) - ----------------------------------------------------------------------------- Total 5,016 Construction work in progress 357 Nuclear fuel, net of accumulated amortization 31 - ----------------------------------------------------------------------------- Utility Plant, Net 5,404 - ----------------------------------------------------------------------------- Nonutility Property and Investments, Net 28 - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- Current Assets: Cash and temporary investments 19 Receivables, net 252 Receivables - affiliated companies 24 Inventories (at average cost): Fuel 41 Materials and supplies 57 Emission allowances 7 Prepayments 55 - ----------------------------------------------------------------------------- Total Current Assets 455 - ----------------------------------------------------------------------------- Deferred Debits: Emission allowances 5 Environmental 9 Assets held in trust, net - nuclear decommissioning 46 Pension asset, net 278 Due from affiliates - pension and postretirement benefits 21 Other regulatory assets 330 Other 138 - ----------------------------------------------------------------------------- Total Deferred Debits 827 - ----------------------------------------------------------------------------- Total $6,714 ============================================================================= ------------------------------------------------------------------------------ June 30, Millions of dollars 2004 ------------------------------------------------------------------------------ Capitalization and Liabilities Shareholders' Investment: Common equity $2,078 Preferred stock (Not subject to purchase or sinking funds) 106 ------------------------------------------------------------------------------ Total Shareholders' Investment 2,184 Preferred Stock, net (Subject to purchase or sinking funds) 9 Long-Term Debt, net 1,978 ------------------------------------------------------------------------------ Total Capitalization 4,171 ------------------------------------------------------------------------------ Minority Interest 75 ------------------------------------------------------------------------------ Current Liabilities: Short-term borrowings 168 Current portion of long-term debt 298 Accounts payable 73 Accounts payable - affiliated companies 81 Customer deposits 25 Taxes accrued 58 Interest accrued 40 Dividends declared 39 Deferred income taxes, net 1 Other 29 ------------------------------------------------------------------------------ Total Current Liabilities 812 ------------------------------------------------------------------------------ Deferred Credits: Deferred income taxes, net 745 Deferred investment tax credits 112 Asset retirement obligation - nuclear plant 121 Due to affiliates - pension and postretirement benefits 15 Postretirement benefits 138 Regulatory liabilities 458 Other 67 ------------------------------------------------------------------------------ Total Deferred Credits 1,656 ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ Commitments and Contingencies - ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ Total $6,714 ============================================================================== Exhibit A-3 PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ------------------------------------------------------------------------ June 30, Millions of dollars 2004 ------------------------------------------------------------------------ Assets Gas Utility Plant $943 Accumulated depreciation (267) Acquisition Adjustment, Net of Accumulated Amortization 210 ------------------------------------------------------------------------ Gas Utility Plant, Net 886 ------------------------------------------------------------------------ Nonutility Property and Investments, Net 28 ------------------------------------------------------------------------ Current Assets: Cash and temporary investments 38 Restricted cash and temporary investments 7 Receivables, net of allowance for uncollectible accounts of $2 and $3 34 Receivables-affiliated companies 2 Inventories (at average cost): Stored gas 42 Materials and supplies 5 Prepayments 1 Deferred income taxes, net 4 ------------------------------------------------------------------------ Total Current Assets 133 ------------------------------------------------------------------------ Deferred Debits: Due from affiliate-pension asset 13 Regulatory assets 21 Other 4 ------------------------------------------------------------------------ Total Deferred Debits 38 ------------------------------------------------------------------------ Total $1,085 ======================================================================== Capitalization and Liabilities Capitalization: Common equity 515 Long-term debt, net 273 ------------------------------------------------------------------------ Total Capitalization 788 ------------------------------------------------------------------------ Current Liabilities: Short-term borrowings - Current portion of long-term debt 8 Accounts payable 26 Accounts payable-affiliated companies 4 Customer deposits 7 Taxes accrued 3 Interest accrued 6 Distributions/dividends declared 3 Other 16 ------------------------------------------------------------------------ Total Current Liabilities 73 ------------------------------------------------------------------------ Deferred Credits: Deferred income taxes, net 97 Deferred investment tax credits 1 Due to affiliate-postretirement benefits 18 Regulatory liabilities 98 Other 10 ------------------------------------------------------------------------ Total Deferred Credits 224 ------------------------------------------------------------------------ ------------------------------------------------------------------------ Total $1,085 ======================================================================== Exhibit B SCANA Corporation Consolidated Capital Structure June 30, 2004 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 2,390 38.5% Preferred stock $ 115 1.9% Debt (long and short-term) $ 3,706 59.6% ------------------------------------- Total $ 6,211 100.0% ===================================== South Carolina Electric & Gas Company Consolidated Capital Structure June 30, 2004 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 2,078 44.8% Preferred stock 115 2.5% Debt (long and short-term) 2,444 52.7% ------------------------------------- Total $ 4,637 100.0% ===================================== Public Service Company of North Carolina, Incorporated Consolidated Capital Structure June 30, 2004 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 515 64.7% Debt (long and short-term) $ 281 35.3% ------------------------------------- Total $ 796 100.0% ===================================== South Carolina Generating Company, Incorporated Capital Structure June 30, 2004 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 75 30.6% Debt (long and short-term) $ 170 69.4% ------------------------------------- Total $ 245 100.0% ===================================== -----END PRIVACY-ENHANCED MESSAGE-----