SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
FORM U-6B-2
Certificate of Notification
Filed by a registered holding company or
subsidiary thereof pursuant to Rule
20(d) adopted under the Public Utility
Holding Company Act of 1935.
South Carolina Electric & Gas Company
(the Company)
This certificate is notice that the above named company has issued,
renewed or guaranteed the security or securities described herein which issue,
renewal or guaranty was exempted from the provisions of Section 6(a) of the Act
and was neither the subject of a declaration or application on Form U-1 nor
included within the exemption provided by Rule 48.
1. Type of security or securities.
Five-Year Credit Agreement for a revolving credit facility
2. Issue, renewal or guaranty.
Issue
3. Principal amount of each security.
The principal amount of the security will vary over time as
borrowings are made but shall not exceed in the aggregate $400
million at any one time outstanding.
4. Rate of interest per annum of each security.
For Alternate Base Rate Loans, the higher of (a) the Federal Funds
rate plus 1/2 of 1% and (b) the Prime Rate as denominated and set by
Wachovia Bank, National Association as Agent for such day.
For LIBOR Rate Loans, the LIBOR rate for the period plus the
Applicable Percentage. The Applicable Percentage is based on the
issuer rating and the senior, unsecured non-credit enhanced long-term
debt rating of South Carolina Electric & Gas Company and ranges from
0.305% to 1.075%.
5. Date of issue, renewal or guaranty of each security.
June 15, 2004
6. If renewal of security, give date of original issue.
Not applicable
7. Date of maturity of each security.
June 15, 2009
8. Name of persons to whom each security was issued, renewed or guaranteed.
Wachovia Bank, National Association; Bank of America, N.A.; The Bank
of New York; SunTrust Bank; Branch Banking and Trust Co. of South
Carolina; UBS Loan Finance LLC; Credit Suisse First Boston, acting
through its Cayman Islands Branch; Sumitomo Mitsui Banking
Corporation; KBC Bank, N.V.; Regions Bank; Carolina First Bank; The
National Bank of South Carolina; and South Carolina Bank and Trust,
N.A. as lenders with Wachovia Bank, National Association as
administrative agent.
9. Collateral given with each security, if any.
Secured by a first priority security interest in the Company's
inventory of nuclear fuel, fossil fuel and emission allowances as
described in the Security Agreements dated June 15, 2004.
10. Consideration received for each security.
The right to borrow, replenish and reborrow up to $125 million until
maturity.
11. Application of proceeds of each security.
The proceeds from the borrowings will be used to finance or refinance
the purchase of nuclear fuel, fossil fuel and emission allowances.
12. Indicate by a check after the applicable statement below whether the
issue, renewal or guaranty of each security was exempt from the
provisions of Section 6(a) because of:
a. the provisions contained in the first sentence of Section 6(b)
b. the provisions contained in the fourth sentence of Section 6(b)
c. the provisions contained in any rule of the commission other than
Rule 48 X
13. If the security or securities are exempt from the provisions of
Section 6(a) by virtue of the first sentence of Section 6(b), give
the figures which indicate that the security or securities aggregate
(together with all other than outstanding notes and drafts of a
maturity of nine months or less, exclusive of days of grace, as to
which such company is primarily or secondarily liable) not more than
five percentum of the principal amount and par value of the other
securities of such company then outstanding.
Not Applicable
14. If the security or securities are exempt from the provisions of
Section 6(a) because of the fourth sentence of Section 6(b), name
the security outstanding on January 1, 1935, pursuant to the terms
of which the security or securities herein described have been
issued.
Not Applicable
15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than Rule
48 designate the rule under which exemption is claimed.
Rule 52
South Carolina Electric & Gas Company
By: s/James E. Swan, IV
-----------------------------------
James E. Swan, IV
Controller
Dated: June 22, 2004