0000754737-17-000075.txt : 20171017 0000754737-17-000075.hdr.sgml : 20171017 20171017091544 ACCESSION NUMBER: 0000754737-17-000075 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20171017 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20171017 DATE AS OF CHANGE: 20171017 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: 171140004 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTH CAROLINA ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000091882 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 570248695 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03375 FILM NUMBER: 171140005 BUSINESS ADDRESS: STREET 1: 100 SCANA PARKWAY STREET 2: MAIL CODE B123 CITY: CAYCE STATE: SC ZIP: 29033 BUSINESS PHONE: 803-217-9000 MAIL ADDRESS: STREET 1: 220 OPERATION WAY STREET 2: MAIL CODE B123 CITY: CAYCE STATE: SC ZIP: 29033 8-K 1 secsubpoenaoctober2017.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): October 17, 2017
scanalogoa33.jpg

Commission File 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company p

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. p

This combined Form 8-K is separately furnished by SCANA Corporation and South Carolina Electric & Gas Company. Information contained herein relating to any individual registrant is furnished 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 7.01    REGULATION FD DISCLOSURE.

On October 17, 2017, SCANA Corporation issued the press release attached hereto as Exhibit 99.1.


Item 9.01     FINANCIAL STATEMENTS AND EXHIBITS

(d)     Exhibits

Exhibit 99.1     Press release dated October 17, 2017







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 or consolidated affiliates thereof.


 
 
SCANA Corporation
 
 
 
South Carolina Electric & Gas Company
 
 
 
(Registrants)
 
 
 
 
 
 
 
 
 
Date: October 17, 2017
By:
/s/James E. Swan, IV
 
 
 
James E. Swan, IV
 
 
 
Vice President and Controller
 
 
 
 
 












EXHIBIT INDEX

Number




EX-99.1 2 secsubpoenapressrelease.htm EXHIBIT 99.1 Exhibit



scanalogoa33.jpg
Exhibit 99.1
SCANA Corporation Contacts:
 
 
 
Media Contact:
 
Investor Contacts:
 
 
 
Eric Boomhower
 
Bryant Potter
 
Iris Griffin
 
(803) 217-7701
 
(803) 217-6916
 
(803) 217-6642
 

                                


SCANA CORPORATION TO COOPERATE WITH SECURITIES AND EXCHANGE COMMISSION INVESTIGATION RELATING TO NUCLEAR PROJECT


Cayce, SC, October 17, 2017… SCANA Corporation (SCANA) (NYSE:SGC) announced today that SCANA and its subsidiaries (the “Company”) have been served with a document subpoena issued by the staff of the Securities and Exchange Commission in connection with an investigation they are conducting relating to the new nuclear project at V. C. Summer Nuclear Station. The Company intends to fully cooperate with the investigation. No assurance can be given as to the timing or outcome of this matter.

PROFILE

SCANA Corporation, headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Information about SCANA and its businesses is available on the company’s website at www.scana.com.



















1







CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Statements included in this press release which are not statements of historical fact are intended to be, and are hereby identified as, “forward-looking statements” for purposes of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements include, but are not limited to, statements concerning key earnings drivers, customer growth, environmental regulations and expenditures, leverage ratio, projections for pension fund contributions, financing activities, access to sources of capital, impacts of the adoption of new accounting rules and estimated construction and other expenditures.  In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “should,” “expects,” “forecasts,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “predicts,” “potential” or “continue” or the negative of these terms or other similar terminology.  Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and that actual results could differ materially from those indicated by such forward-looking statements.  Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the following: (1) uncertainties relating to the bankruptcy filing by the members of the Consortium building the New Units, including the effect of the anticipated rejection of the EPC Contract and the determination to cease construction of the New Units; (2) the ability of SCANA and its subsidiaries (the Company) to recover through rates the costs incurred upon the abandonment of the New Units; (3) changes in tax laws and realization of tax benefits and credits, and the ability or inability to realize credits and deductions, particularly in light of the abandonment of construction of the New Units; (4) the information is of a preliminary nature and may be subject to further and/or continuing review and adjustment; (5) legislative and regulatory actions, particularly changes related to electric and gas services, rate regulation, regulations governing electric grid reliability and pipeline integrity, environmental regulations, the BLRA, and actions affecting the abandonment of the New Units; (6) current and future litigation; (7) the results of short- and long-term financing efforts, including prospects for obtaining access to capital markets and other sources of liquidity, and the effect of rating agency actions on the Company’s cost of and access to capital and sources of liquidity; (8) the ability of suppliers, both domestic and international, to timely provide the labor, secure processes, components, parts, tools, equipment and other supplies needed which may be highly specialized or in short supply, at agreed upon quality and prices, for our construction program, operations and maintenance; (9) the results of efforts to ensure the physical and cyber security of key assets and processes; (10) changes in the economy, especially in areas served by subsidiaries of SCANA; (11) the impact of competition from other energy suppliers, including competition from alternate fuels in industrial markets; (12) the impact of conservation and demand side management efforts and/or technological advances on customer usage; (13) the loss of electricity sales to distributed generation, such as solar photovoltaic systems or energy storage systems; (14) growth opportunities for SCANA’s regulated and other subsidiaries; (15) the effects of weather, especially in areas where the generation and transmission facilities of SCANA and its subsidiaries are located and in areas served by SCANA’s subsidiaries; (16) changes in SCANA’s or its subsidiaries’ accounting rules and accounting policies; (17) payment and performance by counterparties and customers as contracted and when due; (18) the results of efforts to license, site, construct and finance facilities, and to receive related rate recovery, for electric generation and transmission; (19) the results of efforts to operate the Company's electric and gas systems and assets in accordance with acceptable performance standards, including the impact of additional distributed generation; (20) the availability of fuels such as coal, natural gas and enriched uranium used to produce electricity; the availability of purchased power and natural gas for distribution; the level and volatility of future market prices for such fuels and purchased power; and the ability to recover the costs for such fuels and purchased power; (21) the availability of skilled, licensed and experienced human resources to properly manage, operate, and grow the Company’s businesses; (22) labor disputes; (23) performance of SCANA’s pension plan assets and the effect(s) of associated discount rates; (24) inflation or deflation; (25) changes in interest rates; (26) compliance with regulations; (27) natural disasters and man-made mishaps that directly affect our operations or the regulations governing them; and (28) the other risks and uncertainties described from time to time in the reports filed by SCANA or SCE&G with the SEC.

SCANA and SCE&G disclaim any obligation to update any forward-looking statements.

Capitalized terms not otherwise defined herein have the meanings as set forth in the Company’s most recent periodic report filed with the Securities and Exchange Commission.




2

GRAPHIC 3 scanalogoa33.jpg begin 644 scanalogoa33.jpg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end