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FORM U-3A-2
File No. 69-301
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Statement by Holding Company Claiming Exemption
Under Rule U-3A-2 from the
Provisions of the Public Utility Holding Company Act of 1935
For the fiscal year ended December 31, 1993
To Be Filed Annually Prior to March 1
SCANA CORPORATION
hereby files with the Securities and Exchange Commission,
pursuant to Rule 2, its statement claiming exemption as a
holding company from the provisions of the Public Utility
Holding Company Act of 1935, and submits the following
information:
1. Name, State of organization, location and nature of
business of claimant and every subsidiary thereof, other than
any exempt wholesale generator (EWG) or foreign utility company
in which claimant directly or indirectly holds an interest.
SCANA Corporation is a South Carolina corporation
incorporated in 1984 and has its principal executive office at
1426 Main Street, Columbia, South Carolina 29201.
Claimant owns no properties other than certain natural gas
properties in South Carolina. These properties, which
distribute natural gas at retail, are operated by a wholly owned
subsidiary pursuant to an operating agreement. Claimant
currently has eleven direct and seven indirect wholly owned
subsidiaries. The principal business of the subsidiaries,
collectively, is the generation, transmission, distribution and
sale of electricity in South Carolina; the purchase,
transmission, distribution, storage and sale of natural gas and
propane in South Carolina; and the development and operation of
oil and gas producing properties in Texas, Louisiana,
Mississippi, Oklahoma, California, Arkansas, Nebraska, Colorado,
Kansas, Montana, North Dakota, Michigan, Illinois, New Mexico,
Alabama, Wyoming and Federal Waters offshore Texas and
Louisiana.
The claimant's wholly owned subsidiaries are as follows:
(1) South Carolina Electric & Gas Company, a South
Carolina corporation, engages in the generation, transmission,
distribution and sale of electricity and the purchase, sale and
transportation of natural gas at retail in South Carolina, and
in the rendering of public transit service in Columbia and
Charleston, South Carolina;
(2) South Carolina Generating Company, Inc., a South
Carolina corporation, owns and operates Williams Station (560 MW
- - coal-fired electric generating plant) and sells electricity
solely to South Carolina Electric & Gas Company;
(3) South Carolina Fuel Company, Inc., a South Carolina
corporation, acquires, owns and provides financing for South
Carolina Electric & Gas Company's nuclear and fossil fuel
requirements;
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(4) South Carolina Pipeline Corporation, a South Carolina
corporation, engages in the purchase, transmission and sale of
natural gas on a wholesale basis to distribution companies and
directly to industrial customers in South Carolina and owns and
operates two LNG plants for the liquefaction, regasification and
storage of natural gas. Pipeline Corporation holds the capital
stock of one immaterial subsidiary;
(5) Suburban Propane Group, Inc. purchases, delivers, and
sells propane. Suburban holds all the capital stock of three
immaterial subsidiaries;
(6) Primesouth, Inc., a South Carolina corporation,
engages in power plant management and maintenance services.
Primesouth, Inc. holds the capital stock of one immaterial
subsidiary;
(7) SCANA Hydrocarbons, Inc., a South Carolina
corporation, markets natural gas and light hydrocarbons, owns
and operates a propane pipeline and provides for transportation
and bulk storage of propane. SCANA Hydrocarbons, Inc. holds the
capital stock of one immaterial subsidiary;
(8) SCANA Petroleum Resources, Inc., a South Carolina
corporation, owns and operates oil and natural gas production
properties;
(9) SCANA Capital Resources, Inc., a South Carolina
corporation, has provided equity capital for diversified
investments. SCANA Capital Resources, Inc. holds the capital
stock of one immaterial subsidiary;
(10) SCANA Development Corporation, Inc., a South Carolina
corporation, engages in the development, management and sale of
real estate; and
(11) MPX Systems, Inc., a South Carolina corporation, is
involved in telecommunication related ventures providing fiber
optic telecommunications, video conferencing and specialized
mobile radio services.
2<PAGE>
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2. A brief description of the properties of claimant and
each of its subsidiary public utility companies used for the
generation, transmission, and distribution of electric energy
for sale, or for the production, transmission, and distribution
of natural or manufactured gas, indicating the location of
principal generating plants, transmission lines, producing
fields, gas manufacturing plants, and electric and gas
distribution facilities, including all such properties which are
outside the State in which claimant and its subsidiaries are
organized and all transmission or pipelines which deliver or
receive electric energy or gas at the borders of such State.
A. Description of properties of claimant:
SCANA Corporation owns no such property other than natural
gas properties in northeastern South Carolina acquired
pursuant to the acquisition of Peoples Natural Gas Company
of South Carolina in October 1990, which are described in
the following paragraph. It holds all the capital stock
of each of its subsidiaries except for (i) the preferred
stock of South Carolina Electric & Gas Company, a wholly
owned subsidiary of the claimant, (ii) the capital stock
of Carolina Exploration Corporation, which capital stock is
held by South Carolina Pipeline Corporation, a wholly owned
subsidiary of the claimant, (iii) the capital stock of USA
Cylinder Exchange, Inc., Guardian Warranty Corporation and
Santee Distributing Corporation, which capital stock is
held by Suburban Propane Group, Inc., a wholly owned
subsidiary of the claimant, (iv) the capital stock of C&T
Pipeline Company, Inc., which capital stock is held by
SCANA Hydrocarbons, Inc., a wholly owned subsidiary of the
claimant, (v) the capital stock of CanAmerican, Inc., which
capital stock is held by Primesouth, Inc., a wholly owned
subsidiary of the claimant, and (vi) the capital stock of
Gene-Gap, Inc., which capital stock is held by SCANA
Capital Resources, Inc., a wholly owned subsidiary of the
claimant.
SCANA Corporation's gas properties consist of approximately
450 miles of 3-inch equivalent distribution pipelines and
approximately 778 miles of distribution mains and related
service facilities, installed in communities pursuant to
terms of franchises granted by each community. SCANA has
propane storage facilities which can supplement the supply
of natural gas by gasifying propane to yield the equivalent
of 102,000 MCF of natural gas per day.
B. Description of properties of claimant's wholly owned
subsidiary public utility companies:
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SOUTH CAROLINA ELECTRIC & GAS COMPANY (SCE&G)
The following table gives information with respect to
electric generating facilities of SCE&G.
Net Generating
Capability
Type Name Location (Kilowatts)(1)
Steam Canadys Canadys, SC 430,000
McMeekin Irmo, SC 252,000
Urquhart Beech Island, SC 250,000
Wateree Eastover, SC 700,000
Summer (2) Parr, SC 590,000
Gas Turbines Burton Burton, SC 28,500
Faber Place Charleston, SC 9,500
Hardeeville Hardeeville, SC 14,000
Canadys Canadys, SC 14,000
Urquhart Beech Island, SC 26,000
Coit Columbia, SC 30,000
Parr(3) Parr, SC 60,000
Williams(4) Goose Creek, SC 49,000
Hagood Charleston, SC 95,000
Hydro Columbia Columbia, SC 10,000
Neal Shoals Carlisle, SC 5,000
Parr Shoals Parr, SC 14,000
Saluda Irmo, SC 206,000
Stevens Creek Martinez, GA 9,000
Pumped Storage Fairfield Parr, SC 512,000
Total 3,304,000
(1) Summer rating.
(2) Represents SCE&G's two-thirds ownership share as a Tenant-in-Common of
the Summer Nuclear Station.
(3) Two of the four Parr gas turbines are leased and have a net capability
of 34,000 kilowatts. This lease expires on June 29, 1996.
(4) The two gas turbines at Williams Station are leased and have a net
capability of 49,000 kilowatts. This lease expires on June 29, 1997.
All purchases, deliveries and sales of electricity take place within the
State of South Carolina or as interstate commerce at the State line.
SCE&G owns 424 substations having an aggregate transformer capacity of
18,624,780 KVA. The transmission system consists of 3,033 miles of lines and
the distribution system consists of 15,186 pole miles of overhead lines and
3,006 trench miles of underground lines.
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SCE&G's gas system consists of approximately 6,179 miles of
3-inch equivalent distribution pipelines and approximately
10,085 miles of distribution mains and related service
facilities, installed in communities pursuant to terms of
franchises granted by each community. SCE&G has propane storage
facilities which can supplement the supply of natural gas by
gasifying propane to yield the equivalent of approximately
102,000 MCF of natural gas per day.
All purchases, deliveries and sales of gas take place
within the State of South Carolina.
SOUTH CAROLINA GENERATING COMPANY, INC. (GENCO)
GENCO owns Williams Station, a 560 MW coal-fired generating
plant located in Goose Creek, South Carolina, and sells
electricity to SCE&G. All sales and deliveries take place
within the State of South Carolina.
3. The following information for the last calendar year
with respect to claimant and each of its subsidiary public
utility companies:
(a) Number of KWH of electric energy sold (at retail or
wholesale), and MCF of natural or manufactured gas
distributed at retail.
Claimant
SCANA Corporation: 2,974,783 MCF
Subsidiary Public Utility Companies
SCE&G:
17,087,395,272 KWH
26,106,112 MCF
GENCO:
Sold all of the generation of Williams Station
(4,146,131,000 KWH) to SCE&G under a unit power sales
agreement.
(b) Number of KWH of electric energy and MCF of natural or
manufactured gas distributed at retail outside the
State in which each such company is organized.
None
(c) Number of KWH of electric energy and MCF of natural or
manufactured gas sold at wholesale outside the State
in which each such company is organized, or at the
State line.
51,935,000 KWH
(d) Number of KWH of electric energy and MCF of natural or
manufactured gas purchased outside the State in which
each such company is organized, or at the State line.
57,744,000 KWH
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4. The following information for the reporting period
with respect to claimant and each interest it holds directly or
indirectly in an EWG or a foreign utility company, stating
monetary amounts in United States dollars:
(a) Name, location, business address and description of
the facilities used by the EWG or foreign utility
company for the generation, transmission and
distribution of electric energy for sale or for the
distribution at retail of natural or manufactured gas.
None
(b) Name of each system company that holds an interest in
such EWG or foreign utility company; and description
of the interest held.
None
(c) Type and amount of capital invested, directly or
indirectly, by the holding company claiming exemption;
any direct or indirect guarantee of the security of
the EWG or foreign utility company by the holding
company claiming exemption; and any debt or other
financial obligation for which there is recourse,
directly or indirectly, to the holding company
claiming exemption or another system company, other
than the EWG or foreign utility company.
None
(d) Capitalization and earnings of the EWG or foreign
utility company during the reporting period.
None
(e) Identify any service, sales or construction
contract(s) between the EWG or foreign utility company
and a system company, and describe the services to be
rendered or goods sold and fees or revenues under such
agreement(s).
None
EXHIBIT A
A consolidating statement of income and retained earnings
of the claimant and its subsidiary companies for the last
calendar year, together with a consolidating balance sheet of
claimant and its subsidiary companies as of the close of such
calendar year.
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C> <C> <C> <C>
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
OPERATING REVENUES:
ELECTRIC $ 940,121 $ 940,547 $ 98,054
GAS 320,195 174,035
TRANSIT 3,851 3,851
TOTAL OPERATING REVENUES 1,264,167 1,118,433 98,054
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION 228,688 164,187 65,550
PURCHASED POWER 13,057 111,111
GAS PURCHASED FOR RESALE 209,743 107,722
OTHER OPERATION 223,239 207,126 5,217
MAINTENANCE 67,652 61,107 3,363
DEPRECIATION AND AMORTIZATION 112,844 101,220 6,707
INCOME TAXES 90,007 81,280 700
OTHER TAXES 73,626 65,361 4,938
TOTAL OPERATING EXPENSES 1,018,856 899,114 86,475
OPERATING INCOME 245,311 219,319 11,579
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION 8,929 7,496 173
OTHER INCOME, NET OF INCOME TAXES 21,147 (541) 13
TOTAL OTHER INCOME 30,076 6,955 186
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 275,387 226,274 11,765
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 98,695 79,260 8,174
OTHER INTEREST EXPENSE 8,672 6,182 84
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION (6,178) (5,136) (454)
TOTAL INTEREST CHARGES, NET 101,189 80,306 7,804
PREFERRED STOCK CASH DIVIDENDS (6,217) (6,217)
NET INCOME $ 167,981 $ 139,751 $ 3,961
RETAINED EARNINGS AT BEGINNING OF YEAR 462,893
COMMON STOCK CASH DIVIDENDS DECLARED (124,494)
OTHER
RETAINED EARNINGS AT END OF YEAR $ 506,380
EARNINGS AVAILABLE FOR COMMON STOCK $ 167,981
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING 45,203
EARNINGS PER SHARE OF COMMON STOCK $3.72
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C>
SOUTH CAROLINA SOUTH CAROLINA SCANA
FUEL PIPELINE CORP. DEVELOPMENT
COMPANY, INC. CONSOLIDATED CORPORATION
OPERATING REVENUES:
ELECTRIC $20,203
GAS $250,042
TRANSIT
TOTAL OPERATING REVENUES 20,203 250,042
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION 18,156
PURCHASED POWER
GAS PURCHASED FOR RESALE 210,245
OTHER OPERATION 63 9,214
MAINTENANCE 2,940
DEPRECIATION AND AMORTIZATION 4,263
INCOME TAXES 7,497
OTHER TAXES 2 2,885
TOTAL OPERATING EXPENSES 18,221 237,044
OPERATING INCOME 1,982 12,998
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION 1,235
OTHER INCOME, NET OF INCOME TAXES 34 468 $1,644
TOTAL OTHER INCOME 34 1,703 1,644
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 2,016 14,701 1,644
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 1,816 857 861
OTHER INTEREST EXPENSE 350 1,338 766
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION (150) (428)
TOTAL INTEREST CHARGES, NET $2,016 1,767 1,627
PREFERRED STOCK CASH DIVIDENDS
NET INCOME - $12,934 $ 17
8
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <S> <C> <C> <C>
SCANA
PRIMESOUTH, INC. HYDROCARBONS, INC.
MPX SYSTEMS, INC. CONSOLIDATED CONSOLIDATED
OPERATING REVENUES:
ELECTRIC
GAS
TRANSIT
TOTAL OPERATING REVENUES
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION
PURCHASED POWER
GAS PURCHASED FOR RESALE
OTHER OPERATION
MAINTENANCE
DEPRECIATION AND AMORTIZATION
INCOME TAXES
OTHER TAXES
TOTAL OPERATING EXPENSES
OPERATING INCOME
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION
OTHER INCOME, NET OF INCOME TAXES $1,915 $(3,279) $2,155
TOTAL OTHER INCOME 1,915 (3,279) 2,155
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 1,915 (3,279) 2,155
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 128
OTHER INTEREST EXPENSE 309 358 153
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 309 486 153
PREFERRED STOCK CASH DIVIDENDS
NET INCOME $1,606 $(3,765) $2,002
9
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <S> <C> <C> <C>
SCANA CAPITAL SCANA SUBURBAN PROPANE
RESOURCES, INC. PETROLEUM GROUP, INC.
CONSOLIDATED RESOURCES CONSOLIDATED
OPERATING REVENUES:
ELECTRIC
GAS
TRANSIT
TOTAL OPERATING REVENUES
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION
PURCHASED POWER
GAS PURCHASED FOR RESALE
OTHER OPERATION
MAINTENANCE
DEPRECIATION AND AMORTIZATION
INCOME TAXES
OTHER TAXES
TOTAL OPERATING EXPENSES
OPERATING INCOME
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION
OTHER INCOME, NET OF INCOME TAXES $524 $17,656 $681
TOTAL OTHER INCOME 524 17,656 681
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 524 17,656 681
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET
OTHER INTEREST EXPENSE 323 6,554 19
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 323 6,554 19
PREFERRED STOCK CASH DIVIDENDS
NET INCOME $201 $11,102 $662
10
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C>
SCANA
CORPORATION ELIMINATIONS
OPERATING REVENUES:
ELECTRIC $(118,683)
GAS $ 15,817 (119,699)
TRANSIT
TOTAL OPERATING REVENUES 15,817 (238,382)
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION (19,205)
PURCHASED POWER (98,054)
GAS PURCHASED FOR RESALE 10,427 (118,651)
OTHER OPERATION 2,292 (673)
MAINTENANCE 242
DEPRECIATION AND AMORTIZATION 654
INCOME TAXES 530
OTHER TAXES 442 (2)
TOTAL OPERATING EXPENSES 14,587 (236,585)
OPERATING INCOME 1,230 (1,797)
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS 168,992 (168,992)
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION 25
OTHER INCOME, NET OF INCOME TAXES 9,143 (9,266)
TOTAL OTHER INCOME 178,160 (178,258)
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 179,390 (180,055)
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 9,265 (1,666)
OTHER INTEREST EXPENSE 1,633 (9,397)
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION (10)
TOTAL INTEREST CHARGES, NET 10,888 (11,063)
PREFERRED STOCK CASH DIVIDENDS
NET INCOME $168,502 $(168,992)
11
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C> <C>
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
ASSETS
UTILITY PLANT:
ELECTRIC $3,328,915 $3,067,881 $261,034
GAS 451,493 272,506
TRANSIT 3,769 3,769
COMMON 72,804 72,804
TOTAL 3,856,981 3,416,960 261,034
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION 1,259,689 1,097,531 82,941
TOTAL 2,597,292 2,319,429 178,093
CONSTRUCTION WORK IN PROGRESS 349,530 338,677 4,816
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION 29,087
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT 28,166
UTILITY PLANT, NET 3,004,075 2,658,106 182,909
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION 376,632 12,648
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES 12,439
INVESTMENTS 17,096 61
TOTAL OTHER PROPERTY & INVESTMENTS 393,728 25,148
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 20,766 746 3,914
RECEIVABLES - CUSTOMER AND OTHER 174,121 119,296 16
RECEIVABLES - ASSOCIATED COMPANIES 244 11,495
INVENTORIES (AT AVERAGE COST):
FUEL 62,977 3,319 10,090
MATERIALS & SUPPLIES 46,890 43,372 1,534
PREPAYMENTS 21,826 10,067 296
ACCUMULATED DEFERRED INCOME TAXES 8,607 9,015 (317)
TOTAL CURRENT ASSETS 335,187 186,059 27,028
DEFERRED DEBITS:
UNAMORTIZED DEBT EXPENSE 13,076 11,060 935
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT 14,860 14,860
NUCLEAR PLANT DECOMMISSIONING FUND 25,103 25,103
OTHER 254,497 225,613 633
TOTAL DEFERRED DEBITS 307,536 276,636 1,568
TOTAL $4,040,526 $3,145,949 $211,505
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C> <C>
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY $1,333,045 $1,051,334 $ 25,421
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS) 26,027 26,027
TOTAL STOCKHOLDERS' INVESTMENT 1,359,072 1,077,361 25,421
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS) 52,840 52,840
LONG-TERM DEBT, NET 1,424,399 1,060,293 103,250
TOTAL CAPITALIZATION 2,836,311 2,190,494 128,671
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 43,019 1,011
CURRENT PORTION OF LONG-TERM DEBT 34,322 13,719 3,700
CURRENT PORTION OF PREFERRED STOCK 2,504 2,504
ACCOUNTS PAYABLE 129,495 58,751 7,301
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 28,630 2,500
ACCUMULATED PROVISION FOR RATE REFUNDS 2,509 2,509
CUSTOMER DEPOSITS 13,498 12,207
TAXES ACCRUED 50,063 39,877 3,213
INTEREST ACCRUED 21,784 17,764 582
DIVIDENDS DECLARED 33,637 29,982 700
ACCUMULATED DEFERRED INCOME TAXES
OTHER 12,649 10,042 60
TOTAL CURRENT LIABILITIES 343,480 216,996 18,056
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS 94,981 84,447 8,473
ACCUMULATED DEFERRED INCOME TAXES 568,172 483,087 45,075
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING 25,103 25,103
OTHER 172,479 145,822 11,230
TOTAL DEFERRED CREDITS 860,735 738,459 64,778
TOTAL $4,040,526 $3,145,949 $211,505
13
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <S> <C>
SOUTH CAROLINA SOUTH CAROLINA SCANA
FUEL PIPELINE CORP. DEVELOPMENT
COMPANY, INC. CONSOLIDATED CORPORATION
ASSETS
UTILITY PLANT:
ELECTRIC
GAS $155,837
TRANSIT
COMMON
TOTAL 155,837
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION 72,164
TOTAL 83,673
CONSTRUCTION WORK IN PROGRESS 4,065
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION $29,087
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT 28,166
UTILITY PLANT, NET 29,087 115,904
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION $75,622
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 265 1,653
TOTAL OTHER PROPERTY & INVESTMENTS 265 77,275
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS (553) 916 294
RECEIVABLES - CUSTOMER AND OTHER 8,533 4,619
RECEIVABLES - ASSOCIATED COMPANIES 16,251 290
INVENTORIES (AT AVERAGE COST):
FUEL 27,873 19,328
MATERIALS & SUPPLIES 165
PREPAYMENTS 22 7, 903 843
ACCUMULATED DEFERRED INCOME TAXES (24)
TOTAL CURRENT ASSETS 27,342 53,072 6,046
DEFERRED DEBITS:
UNAMORTIZED DEBT EXPENSE
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 24,276 1,012
TOTAL DEFERRED DEBITS 24,276 1,012
TOTAL $56,429 $193,517 $84,333
14
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C> <C> <C>
SOUTH CAROLINA SOUTH CAROLINA SCANA
FUEL PIPELINE CORP. DEVELOPMENT
COMPANY, INC. CONSOLIDATED CORPORATION
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY $ 1 $ 74,068 $33,811
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 1 74,068 33,811
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 36,750 23,750 31,751
TOTAL CAPITALIZATION 36,751 97,818 65,562
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 22,000
CURRENT PORTION OF LONG-TERM DEBT 9,250 7,653
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 9,431 29,537 2,715
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 12,439 664 6,143
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS 49
TAXES ACCRUED 88 1,947 738
INTEREST ACCRUED 527 83
DIVIDENDS DECLARED 2,500
ACCUMULATED DEFERRED INCOME TAXES
OTHER 252 1,019
TOTAL CURRENT LIABILITIES 21,958 66,726 18,351
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS 1,731
ACCUMULATED DEFERRED INCOME TAXES (2,282) 18,911
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 2 8,331 420
TOTAL DEFERRED CREDITS (2,280) 28,973 420
TOTAL $56,429 $193,517 $84,333
15
<PAGE>
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <S> <C> <C> <C>
SCANA
MPX SYSTEMS, INC. PRIMESOUTH, INC. HYDROCARBONS, INC.
ASSETS
UTILITY PLANT:
ELECTRIC
GAS
TRANSIT
COMMON
TOTAL
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION
TOTAL
CONSTRUCTION WORK IN PROGRESS
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT
UTILITY PLANT, NET
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION $19,271 $ 321 $ 4,350
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 2,551 98
TOTAL OTHER PROPERTY & INVESTMENTS 21,822 419 4,350
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 296 1,015 60
RECEIVABLES - CUSTOMER AND OTHER 1,254 3,919 22,725
RECEIVABLES - ASSOCIATED COMPANIES 178 5
INVENTORIES (AT AVERAGE COST):
FUEL
MATERIALS & SUPPLIES 267
PREPAYMENTS 43 725 193
ACCUMULATED DEFERRED INCOME TAXES (173) (391)
TOTAL CURRENT ASSETS 1,598 5,273 23,245
DEFERRED DEBITS:
UNAMORTIZED DEBT EXPENSE
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 213 41 455
TOTAL DEFERRED DEBITS 213 41 455
TOTAL $23,633 $5,733 $28,050
16
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C> <C>
SCANA
MPX SYSTEMS, INC. PRIMESOUTH, INC. HYDROCARBONS, INC.
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY $ 9,917 $3,750 $ 6,095
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 9,917 3,750 6,095
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 8,500 305
TOTAL CAPITALIZATION 18,417 4,055 6,095
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 193 1,093 7,573
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 281 198 13,082
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS
TAXES ACCRUED 489 (645) 316
INTEREST ACCRUED 617
DIVIDENDS DECLARED
ACCUMULATED DEFERRED INCOME TAXES
OTHER 9 237 38
TOTAL CURRENT LIABILITIES 972 1,500 21,009
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS
ACCUMULATED DEFERRED INCOME TAXES 4,100 140 (483)
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 144 38 1,429
TOTAL DEFERRED CREDITS 4,244 178 946
TOTAL $23,633 $5,733 $28,050
17
<PAGE>
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
SCANA
<S> <C> <S> <C>
SCANA CAPITAL PETROLEUM SUBURBAN PROPANE
RESOURCES, INC. RESOURCES, INC. GROUP, INC.
ASSETS
UTILITY PLANT:
ELECTRIC
GAS
TRANSIT
COMMON
TOTAL
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION
TOTAL
CONSTRUCTION WORK IN PROGRESS
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT
UTILITY PLANT, NET
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION $248,432 $15,130
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS $ 2,859 11,785
TOTAL OTHER PROPERTY & INVESTMENTS 2,859 248,432 26,915
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS (2,370) 10,305 982
RECEIVABLES - CUSTOMER AND OTHER 1 4,484 2,905
RECEIVABLES - ASSOCIATED COMPANIES 12,941
INVENTORIES (AT AVERAGE COST):
FUEL 2,367
MATERIALS & SUPPLIES 295 1,256
PREPAYMENTS 1,144 370
ACCUMULATED DEFERRED INCOME TAXES 179
TOTAL CURRENT ASSETS (2,369) 29,169 8,059
DEFERRED DEBITS:
UNAMORTIZED DEBT EXPENSE
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 67 242
TOTAL DEFERRED DEBITS 67 242
TOTAL $ 490 $277,668 $35,216
18
<PAGE>
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C> <C>
SCANA
SCANA CAPITAL PETROLEUM SUBURBAN PROPANE
RESOURCES, INC. RESOURCES, INC. GROUP, INC.
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY $(3,946) $138,863 $27,497
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT (3,946) 138,863 27,497
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 107,773 1,179
TOTAL CAPITALIZATION (3,946) 246,636 28,676
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 406 8
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 10,731 696
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 5,131 3,435 83
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS 994
TAXES ACCRUED (2) (1,544) 226
INTEREST ACCRUED
DIVIDENDS DECLARED
ACCUMULATED DEFERRED INCOME TAXES
OTHER 606
TOTAL CURRENT LIABILITIES 5,535 12,622 2,613
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS
ACCUMULATED DEFERRED INCOME TAXES (1,099) 16,613 3,925
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 1,797 2
TOTAL DEFERRED CREDITS (1,099) 18,410 3,927
TOTAL $ 490 $277,668 $35,216
19
<PAGE>
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C>
SCANA
CORPORATION ELIMINATIONS
ASSETS
UTILITY PLANT:
ELECTRIC
GAS $ 23,150
TRANSIT
COMMON
TOTAL 23,150
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION 7,053
TOTAL 16,097
CONSTRUCTION WORK IN PROGRESS 1,972
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT
UTILITY PLANT, NET 18,069
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION 858
INVESTMENTS IN SUBSIDIARIES:
SECURITIES 1,373,616 $(1,373,616)
ADVANCES 138,016 (150,455)
INVESTMENTS (2,176)
TOTAL OTHER PROPERTY & INVESTMENTS 1,510,314 (1,524,071)
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 5,161
RECEIVABLES - CUSTOMER AND OTHER 9,438 (3,069)
RECEIVABLES - ASSOCIATED COMPANIES 57,448 (98,852)
INVENTORIES (AT AVERAGE COST):
FUEL
MATERIALS & SUPPLIES 1
PREPAYMENTS 220
ACCUMULATED DEFERRED INCOME TAXES 318
TOTAL CURRENT ASSETS 72,586 (101,921)
DEFERRED DEBITS:
UNAMORTIZED DEBT EXPENSE 1,081
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 3,588 (1,643)
TOTAL DEFERRED DEBITS 4,669 (1,643)
TOTAL $1,605,638 $(1,627,635)
20
<PAGE>
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1993
(THOUSANDS)
<S> <C> <C>
SCANA
CORPORATION ELIMINATIONS
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY $1,339,850 $(1,373,616)
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 1,339,850 (1,373,616)
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 198,596 (147,748)
TOTAL CAPITALIZATION 1,538,446 (1,521,364)
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 20,000 (406)
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 1,479 (5)
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 1,057 (73,643)
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS 248
TAXES ACCRUED 5,360
INTEREST ACCRUED 2,828 (617)
DIVIDENDS DECLARED 32,055 (31,600)
ACCUMULATED DEFERRED INCOME TAXES
OTHER 386
TOTAL CURRENT LIABILITIES 63,413 (106,271)
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS 330
ACCUMULATED DEFERRED INCOME TAXES 185
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 3,264
TOTAL DEFERRED CREDITS 3,779
TOTAL $1,605,638 $(1,627,635)
</TABLE>
EXHIBIT B
Financial Data Schedule - Not Applicable
EXHIBIT C
Organizational Chart - Not Applicable
21
<PAGE>
<PAGE>
The above-named claimant has caused this statement to be duly
executed on its behalf by its authorized officer on this 23rd day
of February, 1993.
SCANA CORPORATION
(Name of Claimant)
BY: s/W. B. Timmerman
(W. B. Timmerman, Senior Vice President,
Controller and Chief Financial Officer)
CORPORATE SEAL
Attest:
(A. H. Gibbes, General Counsel and Assistant Secretary)
Name, title and address of officer to whom notices and
correspondence concerning this statement should be addressed:
s/A. H. Gibbes
A. H. Gibbes General Counsel and Assistant Secretary
(Name) (Title)
1426 Main Street, Columbia, South Carolina 29201
(Address)
22
<PAGE>
