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)
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December 31, 2000 1999
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Assets (Millions of Dollars)
Utility Plant
Electric $4,747 $4,633
Gas 1,435 632
Other 187 191
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Total 6,369 5,456
Less accumulated depreciation and
amortization 2,212 1,829
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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
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Utility Plant, Net 4,949 3,851
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Nonutility Property, net of accumulated
depreciation 79 61
Investments 203 938
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Nonutility Property and Investments, net
of accumulated depreciation 282 999
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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
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Total Current Assets 1,536 618
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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
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Total Deferred Debits 653 543
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Total $7,420 $6,011
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Exhibit A (con't)
SCANA Corporation
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
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December 31, 2000 1999
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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
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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
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Total Capitalization 5,048 3,829
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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
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Total Current Liabilities 1,111 933
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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
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Total Deferred Credits 1,261 1,249
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Commitments and Contingencies - -
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Total $7,420 $6,011
===========================================================================
Exhibit B
SOUTH CAROLINA ELECTRIC & GAS COMPANY
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
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December 31, 2000 1999
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Assets (Millions of Dollars)
Utility Plant:
Electric $4,453 $4,337
Gas 409 392
Other 186 191
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Total 5,048 4,920
Less accumulated depreciation and amortization 1,720 1,611
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Total 3,328 3,309
Construction work in progress 230 149
Nuclear fuel, net of accumulated amortization 57 43
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Utility Plant, Net 3,615 3,501
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Nonutility Property and Investments,
net of accumulated depreciation 21 19
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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
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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
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Total Deferred Debits 589 492
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Total $4,664 $4,404
==============================================================================
Exhibit B (cont'd)
SOUTH CAROLINA ELECTRIC & GAS COMPANY
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
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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
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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
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Total Capitalization 3,090 2,846
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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
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Total Current Liabilities 541 589
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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
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Total Deferred Credits 1,033 969
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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 -
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Gas utility plant, net 976 523
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Nonutility Property and Investments,
net of accumulated depreciation 34 31
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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
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Total current assets 210 135
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Deferred charges and other assets:
Due from affiliate - pension asset 10 -
Other 18 9
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Total deferred charges and other assets 28 9
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Total $1,248 $698
================================================================= ==============
================================================================= ==============
Capitalization and Liabilities
Capitalization:
Common equity $ 712 $232
Long-term debt 145 151
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Total capitalization 857 383
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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
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Total current liabilities 276 217
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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
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Total deferred credits and other liabilities 115 98
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Total $1,248 $698
================================================================= ==============