UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58 OF THE PUBLIC UTILITY HOLDING
COMPANY ACT OF 1935.
For the quarterly period ended December 31, 2000
SCANA Corporation
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(Name of registered holding company)
1426 Main Street, Columbia, South Carolina 29201
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(Address of principal executive offices)
Table of Contents
Item
No. Title Page
-------- -----------------------------------------------------------------------
1 Organization Chart 2
2 Issuances and Renewals of Securities and Capital Contributions 2
3 Associate Transactions 3
4 Summary of Aggregate Investment 4
5 Other Investments 5
6 Financial Statements and Exhibits 5
ITEM 1 - ORGANIZATION CHART
Name Energy Percentage
of or Date State of Voting
Reporting Gas - related of of Securities Nature of
Company Company Organization Organization Held Business
SCANA Resources, Inc. (a)
Solo Energy Corporation Energy January 6, 1997 Delaware 16.48% (b) provide long-term energy service contracts
from use of micro turbines
South Carolina Electric &Gas
Company (a)
SC Coaltech No. 1 LP Energy April 7, 2000 Delaware 40% production and sale of synthetic fuel
(a) These SCANA Corporation system companies are not reporting companies but
they are included herein because they hold securities directly in the
energy-related companies set forth
below their names.
(b) Solo Energy Corporation's certificate of incorporation limits SCANA
Corporation and its wholly owned subsidiaries to an aggregate power to vote of
18% of total number of votes
entitled to be cast on matters not requiring separate voting by the
holders of Series B Preferred Stock.
ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
Principal Issue Person to Whom Collateral Consideration
Company Issuing Type of Security Amount of or Cost of Security was Given with for Each
Security Issued Security Renewal Capital Issued Security Security
--------------- ----------------- -------- ------- ------- ------ -------- --------
None
Company Contributing Capital Company Receiving Capital Amount of Capital Contribution
South Carolina Electric & Gas Company SC Coaltech No. l LP $1,266,000
2
ITEM 3 - ASSOCIATE TRANSACTIONS
PART I - Transactions Performed by Reporting Companies on Behalf of Associate Companies
Reporting Company Associate Company Types of Services Direct Costs Indirect Cost of Total Amount
Rendering Services Receiving Services Rendered Charged Costs Charged Capital Billed
------------------ ------------------ -------- ------- ------------- ------- ------
SC Coaltech No. 1 LP South Carolina Electric Synthetic Fuel Sales $16,174,558 - - $16,174,558
& Gas Company
PART II - Transactions Performed by Associate Companies on Behalf of Reporting Companies
Associate Company Reporting Company Type of Services Direct Costs Indirect Cost of Total Amount
Rendering Services Receiving Services Rendered Charged Costs Charged Capital Billed
------------------ ------------------ -------- ------- ------------ ------ ------
South Carolina Electric & Gas Company SC Coaltech No.1 LP Coal Sales $16,754,021 - - $16,754,021
South Carolina Electric & Gas Company SC Coaltech No.1 LP Trucking Service $ 91,772 - - $ 91,772
South Carolina Electric & Gas Company SC Coaltech No.1 LP Fuel Handling $ 120,026 - - $ 120,026
3
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
(Dollars in Thousands)
Investments in energy-related companies:
Total consolidated capitalization as of December 31, 2000 $5,487,327(A) Line 1
Total capitalization multiplied by 15%
(line 1 multiplied by 0.15) 823,099 Line 2
Greater of $50 million or line 2 $823,099 Line 3
Total current aggregate investment:
(categorized by major line of energy-related business)
Energy-related business category 1 -
Energy-related business category 2 -
Energy-related business category 3 -
Energy-related business category 4 $6,300
Energy-related business category 5 -
Energy-related business category 6 5,926
Energy-related business category 7 -
Energy-related business category 8 -
Energy-related business category 9 -
Energy-related business category 10 -
Total current aggregate investment $12,226 Line 4
Difference between the greater of $50 million
or 15% of capitalization and the total aggregate
investment of the registered holding company
system (line 3 less line 4) $810,873 Line 5
Investments in gas-related companies:
Total current aggregate investment:
(categorized by major line of gas-related business)
Gas-related business category 1 -
Gas-related business category 2 -
Total current aggregate investment -
(A) Includes common equity, preferred stock and mandatorily redeemable preferred
securities, long-term debt and current maturities and short-term borrowings.
4
ITEM 5 - OTHER INVESTMENTS
(Dollars in Thousands)
Major line of energy- Other investment in Other investment in Reason for difference
related business last U-9C-3 report this U-9C-3 report in Other Investment
None*
*As specifically authorized by the Securities and Exchange Commission in Public
Utility Holding Company Act Release No. 27133 (February 9, 2000), SCANA
Corporation currently retains certain interests in specific non-utility
subsidiaries that are engaged in energy-related types of business as described
in Rule 58 of the Public Utility Holding Company Act of 1935.
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS
Exhibit A Solo Energy Corporation Balance Sheet as of December 31, 2000
Exhibit B Solo Energy Corporation Income Statement for the Periods ended
December 31, 2000
Exhibit C SC Coaltech No. l LP Balance Sheet as of December 31, 2000
Exhibit D SC Coaltech No. l LP Income Statement for the Periods ended
December 31, 2000
Exhibit E Certificate of SCANA Corporation
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SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act of 1935,
SCANA Corporation has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized on the 28th day of February 2001.
SCANA Corporation
Registrant
by: s/Mark R. Cannon
Mark R. Cannon
(Name)
Controller
(Title)
February 28, 2001
(Date)
6
Exhibit A
Solo Energy
Balance Sheet
As of December 31, 2000
(Dollars in Thousands)
(Unaudited)
ASSETS
Current Assets
Cash $2,073
Accounts Receivable -
Other Current Assets 5
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Total Current Assets 2,078
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Fixed Assets 1,236
Other Assets 699
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TOTAL ASSETS $4,013
========================================================================
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable $2,647
Other Current Liabilities 6
------------------------------------------------------------------------
Total Current Liabilities 2,653
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Long-term debt 7
Equity 1,353
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TOTAL LIABILITIES & EQUITY $4,013
========================================================================
7
Exhibit B
Solo Energy
Income Statement
for the Periods ended December 31, 2000
(Dollars in Thousands)
(Unaudited)
Ordinary Income/Expense Quarter Year to Date
Expense
Total Commercial Development $ 205 $ 663
Total Research and Development 4,696 10,456
Total G&A 1,392 4,195
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Total Expense 6,293 15,314
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Net Ordinary Income (Loss) (6,293) (15,314)
Other Income/Expense
Other Income
Interest Income 45 134
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Total Other Income 45 134
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=============================================================================
Net Income (Loss) $(6,248) $(15,180)
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8
Exhibit C
South Carolina Coaltech No. l LP
Balance Sheet
As of December 31, 2000
(Dollars in Thousands)
(Unaudited)
ASSETS
Current Assets
Cash $ 213
Accounts Receivable 5,861
------------------------------------------------- ------------------
Total Current Assets 6,074
------------------------------------------------- ------------------
Fixed Assets 9,350
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TOTAL ASSETS $15,424
================================================= ==================
LIABILITIES & EQUITY
Liabilities
Accounts Payable $ 5,632
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Total Liabilities 5,632
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Equity
Partner Accounts 20,834
Retained Earnings -
Net Income/(loss) (11,042)
------------------------------------------------- ------------------
Total Equity 9,792
------------------------------------------------- ------------------
TOTAL LIABILITIES & EQUITY $15,424
================================================= ==================
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Exhibit D
South Carolina Coaltech No. 1 LP
Income Statement
for the Periods ended December 31, 2000
(Dollars in Thousands)
(Unaudited)
Quarter Year to Date
INCOME:
Synfuel Sales $16,169 $31,883
Other Income - -
------------------------------ --------------------- ---------------
TOTAL INCOME $16,169 $31,883
EXPENSES:
Depreciation 334 946
Raw Material (coal) 16,754 32,955
Operating Costs 2,265 7,579
General Partners Cost 111 350
Other Costs 510 1,095
------------------------------ --------------------- ---------------
TOTAL EXPENSES 19,974 42,925
NET INCOME (LOSS) $ (3,805) $ (11,042)
============================== ===================== ===============
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Exhibit E
Certificate
Pursuant to the requirements of Rule 58 of the Public Utility Holding
Company Act of 1935, the undersigned certifies that:
A copy of SCANA's quarterly report on Form U-9C-3 for the quarterly
period ended September 30, 2000, was filed with the state commissions having
jurisdiction over the retail rates of SCANA Corporation's public utility
subsidiary companies. The names and addresses of these state commissions are as
follows:
South Carolina Public Service Commission
P. O. Box 11649
Columbia, SC 29211
North Carolina Utilities Commission
4325 Mail Service Center
Raleigh, NC 27699-4325
February 28, 2001 By: s/M. R. Cannon
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M. R. Cannon
Controller
(principal accounting officer)
11