PRICING SUPPLEMENT NO. 1
DATED JANUARY 19, 2001 Rule 424(b) (2)
File Nos. 333-49960 and 333-90073
SCANA CORPORATION
Medium-Term Notes
Due from Nine Months to 30 Years From Date of Issue
Principal Amount: $202,000,000 Original Issue Date: January 24, 2001
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Issue Price: 100% Maturity Date: January 24, 2003
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Net Proceeds to Company: 99.775% x Book Entry Note
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Certificated Note
Agent. Agent's Commission: %
x Principal.
Redemption by Company (check one):
No. The Notes are not subject to redemption.
x Yes. The Notes are subject to redemption as described below under
"Optional Redemption by the Company".
Initial Redemption Date: July 24, 2001
Optional Repayment at Option of Holder (if applicable, check one):
x No. The Notes are not subject to repayment.
Yes. The Holder may elect repayment as follows:
Optional Repayment Date(s):
Optional Repayment Price(s):
Provisions:
Interest (check one):
Fixed Rate Note. If this box is checked, the interest rate on the
Notes shall be_____ % per annum.
x Floating Rate Note. The Initial Interest Rate on the Notes shall be
6.68125%. The Rate of Interest on the Notes shall be calculated as
set forth in the Prospectus dated November 28, 2000 and as further
described below under "Rate of Interest," using the following terms,
as applicable:
Base Rate: Libor
Index Maturity: 3 Month
Spread: 1.10%
Designated Libor Page: Libor Telerate, page 3750
Interest Payment Period: Quarterly
Interest Payment Dates: 24th day of each January, April, July,
October commencing April 24, 2001 (provided
that if any such day is not a Business Day,
the next succeeding day that is a Business
Day)
Interest Reset Period: Quarterly
Interest Reset Dates: Same as Interest Payment Dates (provided
that if any such day is not a Business Day,
the next succeeding day that is a Business
Day)
Record Dates: 15 calendar days prior to each Interest
Payment Date
Interest Determination Date: 2 Business Days prior to each Interest
Payment Date
To the extent of any conflict between the terms of the Prospectus and this
Pricing Supplement, this Pricing Supplement shall govern.
Credit Suisse First Boston
Wachovia Securities, Inc.
Optional Redemption by the Company
The Notes will be redeemable at the option of the Company, in whole, on the 24th
day of each month beginning on July 24, 2001 at a redemption price equal to 100%
of the principal amount plus accrued and unpaid interest on such Notes to the
date of redemption.
Notice of Redemption
Notwithstanding the statements made in the Prospectus dated November 28, 2000,
the Notes will be subject to redemption upon not less than 15 calendar days
prior notice mailed to each holder of Notes to be redeemed at its registered
address by first-class mail. On and after the redemption date (regardless of
whether a Business Day), interest will cease to accrue on Notes unless the
Company defaults in the payment thereof.
Except as set forth above, the Notes will not be redeemable by the Company prior
to maturity.
Rate of Interest
Each Note will bear interest from January 24, 2001, at the rate determined for
each Interest Payment Period, in accordance with the Prospectus dated November
28, 2000 and the terms of this pricing supplement. As to regularly scheduled
payments of interest, interest accrued through the date immediately preceeding
an Interest Payment Date will be payable on the Interest Payment Date. This
supersedes the provisions of the Prospectus dated November 28, 2000.
The Notes will bear interest at a floating rate, reset for each Interest Payment
Period, at a per annum rate (the "Interest Rate") determined by The Bank of New
York, or its successor appointed by the Company, acting as calculation agent
(the "Calculation Agent") and in accordance with the procedures described in
this pricing supplement and the Prospectus dated November 28, 2000.
Purchase as Principals
The underwriters named below have agreed to purchase, and the Company
has agreed to sell to them, severally, the respective principal amounts of
Notes set forth opposite their respective names below at a discount of .225%:
Credit Suisse First Boston Corporation $161,600,000
Wachovia Securities, Inc. 40,400,000
Total $202,000,000
Credit Suisse First Boston
Wachovia Securities, Inc.