0000754737-16-000107.txt : 20160608 0000754737-16-000107.hdr.sgml : 20160608 20160608083606 ACCESSION NUMBER: 0000754737-16-000107 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160608 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160608 DATE AS OF CHANGE: 20160608 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08809 FILM NUMBER: 161702727 BUSINESS ADDRESS: STREET 1: 100 SCANA PARKWAY STREET 2: MAIL CODE - B123 CITY: CAYCE STATE: SC ZIP: 29033 BUSINESS PHONE: 8032179000 MAIL ADDRESS: STREET 1: 220 OPERATION WAY STREET 2: MAIL CODE - B123 CITY: CAYCE STATE: SC ZIP: 29033 8-K 1 nucleardrbjune2016.htm 8-K Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549




FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 8, 2016



CommissionFile Number
Registrant, State of Incorporation,
Address and Telephone Number
I.R.S. Employer Identification No.
1-8809
SCANA Corporation (a South Carolina corporation)
57-0784499
1-3375
South Carolina Electric & Gas Company (a South Carolina corporation)
57-0248695
 
100 SCANA Parkway, Cayce, South Carolina 29033
 
 
(803) 217-9000
 
 
 
 
 
 
 
 
Not applicable
 
 
(Former name or former address, if changed since last report)
 



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
p Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
p Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 40.14a-12)
p Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
p Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


This combined Form 8-K is separately filed by SCANA Corporation and South Carolina Electric & Gas Company. Information contained herein relating to any individual registrant is filed by such registrant on its own behalf. South Carolina Electric & Gas Company makes no representation as to information relating to SCANA Corporation or its subsidiaries (other than South Carolina Electric & Gas Company and its consolidated affiliates).







Item 8.01    Other Events.

On June 8, 2016, South Carolina Electric & Gas Company (“SCE&G”) will file with the Securities and Exchange Commission a Prospectus Supplement which includes the “Recent Developments” section attached hereto as Exhibit 99.1. When that section uses the words “we,” “us” or “ourselves,” they refer to SCE&G.

Item 9.01    Financial Statements and Exhibits.


(d)    Exhibits

Exhibit 99.1    Recent Development dated June 8, 2016    
    




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. The signature of each registrant shall be deemed to relate only to matters having reference to such registrant and any subsidiaries thereof.


 
 
SCANA Corporation
 
 
 
South Carolina Electric & Gas Company
 
 
 
(Registrants)
 
 
 
 
 
 
 
 
 
Date: June 8, 2016
By:
/s/James E. Swan, IV
 
 
 
James E. Swan, IV
 
 
 
Vice President and Controller
 
 
 
 
 

 





EX-99.1 2 recentdevelopments.htm EXHIBIT 99.1 Exhibit

Exhibit 99.1

RECENT DEVELOPMENTS

On October 27, 2015, the Engineering, Procurement and Construction Agreement dated May 23, 2008 for nuclear power plant Units 2 and 3 at the Virgil C. Summer Nuclear Generating Station (the “New Units”) by and between us for ourselves and as agent for the South Carolina Public Service Authority (“Santee Cooper”), and a consortium consisting of Westinghouse Electric Company, LLC and Stone & Webster (collectively “Consortium”) was amended (“October 2015 Amendment”).

Among other things, the October 2015 Amendment provides for the development of a revised construction milestone payment schedule and establishes a dispute resolution board (the “DRB”) process for certain commercial claims and disputes, including any dispute that might arise with respect to the development of the revised construction milestone payment schedule. We and Santee Cooper have been negotiating with the Consortium regarding the development of such schedule. To date, while negotiations are ongoing, the parties have been unable to agree to the timing and amounts of various payments. As a result of the lack of agreement, we anticipate that the matter may be referred to the DRB in the near future.  Total estimated project costs and the guaranteed substantial completion dates are not at issue.

The October 2015 Amendment provides that if the parties are unable to agree upon the revised construction milestone payment schedule by July 1, 2016, then, unless the parties agree or the process is otherwise delayed, the matter will be referred to the DRB. The October 2015 Amendment also provides that the  DRB shall issue its report on the construction milestone payment schedule within 60 days and that for the 60-day period of DRB review, we and Santee Cooper will pay the Consortium $100 million per month in lieu of all other payments (our 55% portion being $55 million per month).  Determinations of the DRB will be binding on the parties on an interim basis until substantial completion of both New Units. 

We are unable to predict the likelihood of the parties being able to agree to a construction milestone payment schedule prior to the date the matter would be referred to the DRB, nor are we able to predict the outcome of the matter if it is referred to the DRB.

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