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, January 31, 2001 and December 19,
2001, in the above-referenced file. The Orders 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, 2001 through December 31, 2001. 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 to purchase shares of SCANA Common Stock were granted pursuant
to the SCANA Corporation Long-Term Equity Compensation Plan. 193,368
shares of SCANA common stock were purchased in the open market and
subsequently issued pursuant to the SCANA Investor Plus Plan and
245,017 shares of SCANA common stock were purchased in the open market
and subsequently 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:
SCANA renewed its existing $5 million letter of credit to Primesouth,
Inc. to support Primesouth's ability to bid on contracts. This renewed
letter of credit expires on December 31, 2003.
5. SCANA debt, Utility Subsidiary short-term debt and Public Service
Company of North Carolina, Incorporated long-term debt issued during
the quarter:
A. SCANA debt issuances:
There was no short-term indebtedness of SCANA outstanding at any
time during the period. There was no issuance of long-term debt
for SCANA Corporation during the quarter.
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 $0.75
million to $34.6 million, at interest rates ranging from 1.94% to
2.63%.
The maximum amount of short-term indebtedness of South Carolina
Electric & Gas Company outstanding at any one time during the
period was $114.7 million.
Public Service Company of North Carolina, Incorporated:
None
There was no short-term indebtedness of Public Service Company of
North Carolina, Incorporated outstanding at any time during the
period.
South Carolina Generating Company, Inc.:
None
There was no short-term indebtedness of South Carolina Generating
Company, Inc. outstanding at any time during the period.
C. Public Service Company of North Carolina, Incorporated long-term debt
issuances:
None
6. Utility Subsidiary financings consummated during the quarter that are
not exempt under Rule 52:
See items 5B and 5C above.
7. Forms U-6B-2 filed with the Commission during the quarter:
SCANA Corporation Form U-6B-2 filed November 29, 2001.
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 (Not applicable).
South Carolina Electric & Gas Company Balance Sheet (Exhibit A).
Public Service Company of North Carolina, Incorporated Balance Sheet
(Not applicable).
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/A filed October 19, 2001 (Incorporated by
reference to SCANA Corporation File No. 333-68266)
Public Service Company of North Carolina, Incorporated Form S-3/A filed
December 19, 2001 (Incorporated by reference to Public Service Company
of North Carolina, Incorporated File No. 333-68516)
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, 2002
Exhibit A
SOUTH CAROLINA ELECTRIC & GAS COMPANY
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
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December 31, (Millions of dollars) 2001 2000
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Assets
Utility Plant:
Electric $4,563 $4,453
Gas 425 409
Other 188 186
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Total 5,176 5,048
Less accumulated depreciation and amortization 1,841 1,720
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Total 3,335 3,328
Construction work in progress 511 230
Nuclear fuel, net of accumulated amortization 45 57
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Utility Plant, Net 3,891 3,615
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Nonutility Property and Investments, Net 24 21
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Current Assets:
Cash and temporary investments 78 60
Receivables 216 287
Inventories (At average cost):
Fuel 39 21
Materials and supplies 48 46
Emission allowances 13 20
Prepayments 6 5
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Total Current Assets 400 439
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Deferred Debits:
Environmental 24 20
Nuclear plant decommissioning fund 79 72
Pension asset, net 239 196
Other regulatory assets 193 191
Other 112 117
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Total Deferred Debits 647 596
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Total $4,962 $4,671
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Exhibit A (cont'd)
SOUTH CAROLINA ELECTRIC & GAS COMPANY
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
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December 31, (Millions of dollars) 2001 2000
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Capitalization and Liabilities
Stockholders' Investment:
Common equity $1,750 $1,657
Preferred stock (Not subject to
purchase or sinking funds) 106 106
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Total Stockholders' Investment 1,856 1,763
Preferred Stock, net (Subject to purchase
or sinking funds) 10 10
Company-Obligated Mandatorily Redeemable
Preferred Securities of the
Company'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 1,412 1,267
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Total Capitalization 3,328 3,090
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Current Liabilities:
Short-term borrowings 165 188
Current portion of long-term debt 28 28
Accounts payable 99 103
Accounts payable - affiliated companies 78 58
Customer deposits 19 17
Taxes accrued 80 51
Interest accrued 27 22
Dividends declared 42 44
Deferred income taxes, net 12 20
Other 8 10
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Total Current Liabilities 558 541
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Deferred Credits:
Deferred income taxes, net 599 584
Deferred investment tax credits 109 109
Reserve for nuclear plant decommissioning 79 72
Postretirement benefits 122 113
Regulatory liabilities 81 65
Other 86 97
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Total Deferred Credits 1,076 1,040
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Commitments and Contingencies - -
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Total $4,962 $4,671
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