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 March 31, 2001
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 23.8% (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
Amount of or Cost of Security was Given with for Each
Company Issuing Security Type of Security Issued Security Renewal Capital Issued Security Security
SOLO Energy Corporation Bridge loan bearing $1,500,000 Issue $1,500,000 SCANA Resources, Inc. None $1,500,000
interest at 10% and due
June 30, 2001(1)
Company Contributing Capital Company Receiving Capital Amount of Capital Contribution
---------------------------- ------------------------- ------------------------------
South Carolina Electric & Gas Company SC Coaltech No. l LP $1,256,000
(1) This note is convertible, at SCANA Resources, Inc.'s option, to Series
D Preferred Stock. In addition, a warrant to purchase 1,650,000 shares
of Series D Preferred Stock was issued in return for the provision of
funds under the bridge loan.
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 $14,556,456 - - $14,556,456
& 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 $15,009,829 - - $15,009,829
South Carolina Electric
& Gas Company SC Coaltech No.1 LP Fuel Handling $ 35,914 - - $ 35,914
3
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
(Dollars in Thousands)
Investments in energy-related companies:
Total consolidated capitalization as of March 31, 2001 $5,930,079
(A) Line 1
Total capitalization multiplied by 15%
(line1 multiplied by 0.15)
889,512 Line 2
Greater of $50 million or line 2
$889,512 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 $7,800
Energy-related business category 5 -
Energy-related business category 6 7,182
Energy-related business category 7 -
Energy-related business category 8 -
Energy-related business category 9 -
Energy-related business category 10 -
Total current aggregate investment $14,982
--------
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) $874,530
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 -
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(A) Includes common equity, preferred stock and manditorily redeemable preferred
securities, long-term debt and current maturities and short-term borrowings.
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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
FINANCIAL STATEMENTS
Exhibit A Solo Energy Corporation Balance Sheet as of March 31, 2001
Exhibit B Solo Energy Corporation Income Statement for the Periods ended
March 31, 2001
Exhibit C SC Coaltech No. l LP Balance Sheet as of March 31, 2001
Exhibit D SC Coaltech No. l LP Income Statement for the Periods ended
March 31, 2001
EXHIBITS
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 18th day of May 2001.
SCANA Corporation
Registrant
by: s/Mark R. Cannon
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Mark R. Cannon
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(Name)
Controller
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(Title)
May 18, 2001
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(Date)
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Exhibit A
Solo Energy
Balance Sheet
As of March 31, 2001
(Dollars in Thousands)
(Unaudited)
ASSETS
Current Assets
Cash $3,272
Accounts Receivable -
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Total Current Assets 3,272
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Fixed Assets 2,077
Other Assets 894
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TOTAL ASSETS $6,243
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LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable $1,155
Other Current Liabilities 7,002
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Total Current Liabilities 8,157
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Long-term debt 6
Equity (deficit) (1,920)
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TOTAL LIABILITIES & EQUITY (DEFICIT) $6,243
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Exhibit B
Solo Energy
Income Statement
for the Periods ended March 31, 2001
(Dollars in Thousands)
(Unaudited)
Ordinary Income/Expense Quarter Year to Date
------- ------------
Expense
Total Research and Development $2,055 $2,055
Total G&A 1,999 1,999
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Total Expense (4,054) (4,054)
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Net Ordinary Income (Loss) (4,054) (4,054)
Other Income/Expense
Other Income
Interest Income 25 25
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Total Other Income 25 25
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Net Income (Loss) $(4,029) $(4,029)
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Exhibit C
South Carolina Coaltech No. l LP
Balance Sheet
As of March 31, 2001
(Dollars in Thousands)
(Unaudited)
ASSETS
Current Assets
Cash $ 352
Accounts Receivable 6,142
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Total Current Assets 6,494
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Fixed Assets 9,016
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TOTAL ASSETS $15,510
================================================== ===================
LIABILITIES & EQUITY
Liabilities
Accounts Payable $ 5,854
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Total Liabilities 5,854
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Equity
Partner Accounts 24,053
Retained Earnings (11,042)
Net Income (loss) (3,355)
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Total Equity 9,656
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TOTAL LIABILITIES & EQUITY $15,510
================================================== ===================
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Exhibit D
South Carolina Coaltech No. 1 LP
Income Statement
for the Periods ended March 31, 2001
(Dollars in Thousands)
(Unaudited)
Quarter Year to Date
INCOME:
Synfuel Sales $14,557 $14,557
Other Income 80 80
-------------------------------- --------------------- ---------------
TOTAL INCOME 14,637 $14,637
EXPENSES:
Depreciation 334 334
Raw Material (coal) 15,010 15,010
Operating Costs 2,068 2,068
General Partners Cost 61 61
Other Costs 519 519
-------------------------------- --------------------- ---------------
TOTAL EXPENSES 17,992 17,992
NET INCOME (LOSS) $ (3,355) $ (3,355)
================================ ===================== ===============
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 December 31, 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
May 18, 2001 By: s/M. R. Cannon
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M. R. Cannon
Controller
(principal accounting officer)
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