UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM U-3A-2/A
Amendment No. 1
File No. 069-00301
Statement by Holding Company Claiming Exemption Under
Rule U-3A-2 from the Provisions of the Public Utility
Holding Company Act of 1935
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 currently has twelve direct and three 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 12 states and Federal waters offshore
Texas, Louisiana and Alabama.
The claimant's wholly owned subsidiaries are as follows:
(1) South Carolina Electric & Gas Company (SCE&G), 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, a 560
MW - coal-fired electric generating plant, and sells
electricity solely to SCE&G;
(3) South Carolina Fuel Company, Inc., a South Carolina
corporation, acquires, owns and provides financing for
SCE&G's nuclear, fossil fuel and sulfur dioxide emission
allowance requirements;
1
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(4) South Carolina Pipeline Corporation (Pipeline
Corporation), a South Carolina corporation, engages in
the purchase, transmission and sale of natural gas on a
wholesale basis to distribution companies, including
SCE&G's gas distribution system, and directly to
industrial customers in South Carolina and owns and
operates two LNG plants for the liquefaction,
regasification and storage of natural gas. Other resale
customers include municipalities and county gas
authorities and gas utilities;
(5) Suburban Propane Group, Inc. (Suburban), purchases,
delivers, and sells propane. Suburban holds all the
capital stock of two immaterial subsidiaries;
(6) Primesouth, Inc., a South Carolina corporation, engages
in power plant management and maintenance services;
(7) SCANA Hydrocarbons, Inc. (Hydrocarbons), 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. Hydrocarbons
also owns and operates the Wilburton Gathering System in
Oklahoma. Hydrocarbons holds the capital stock of one
immaterial subsidiary;
(8) SCANA Petroleum Resources, Inc., a South Carolina
corporation, owns and/or operates oil and gas properties
in 12 states and Federal waters offshore Texas, Louisiana
and Alabama;
(9) SCANA Capital Resources, Inc., a South Carolina
corporation, has provided equity capital for diversified
investments;
(10) ServiceCare, Inc., a South Carolina corporation, provides
energy related products and services beyond the energy
meter, principally service contracts on home appliances;
(11) SCANA Development Corporation (Development Corporation),
a South Carolina corporation, has engaged in the
acquisition, development, management and sale of real
estate. Development Corporation has sold a significant
portion of its properties and is expected to sell its
remaining properties during 1995; and
(12) MPX Systems, Inc., a South Carolina corporation is
involved in telecommunications related ventures
providing fiber optic telecommunications, video
conferencing, and specialized mobile radio services and
is also pursuing personal communication services licenses
for wireless communications.
2
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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. 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 USA Cylinder Exchange, Inc. and
Santee Distributing Corporation, which capital stock is
held by Suburban Propane Group, Inc., a wholly owned
subsidiary of the claimant, and (iii) 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.
B. Description of properties of claimant's wholly owned
subsidiary public utility companies:
3
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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(2) Canadys Canadys, SC 430,000
McMeekin Irmo, SC 252,000
Urquhart Beech Island, SC 250,000
Wateree Eastover, SC 700,000
Summer (3) 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 38,000
Coit Columbia, SC 30,000
Parr(4) Parr, SC 60,000
Williams(5) 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 (6) 3,316,000
(1) Summer rating.
(2) Excludes Cope Electric Generating Station, a 385,000 KWH
plant currently under construction and scheduled for
commercial operation in early 1996.
(3) Represents SCE&G's two-thirds ownership share as a Tenant-
in-Common of the Summer Nuclear Station.
(4) 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.
(5) 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.
(6) Excludes Williams Station.
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 445 substations having an aggregate transformer
capacity of 18,885,437 KVA. The transmission system consists of
3,057 miles of lines and the distribution system consists of 15,421
pole miles of overhead lines and 3,122 trench miles of underground
lines.
4
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SCE&G's gas system, including the system acquired by the
claimant from Peoples Natural Gas in October 1990 and transferred
to SCE&G on January 1, 1994, consists of approximately 6,719 miles
of three-inch equivalent distribution pipelines and approximately
11,078 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: None
Subsidiary Public Utility Companies
SCE&G:
17,010,927,786 KWH
31,049,168 MCF
GENCO:
Sold all of the generation of Williams Station
(3,723,033,000 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.
66,702,000 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.
132,751,000 KWH
5
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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.
6
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<TABLE>
SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
OPERATING REVENUES:
ELECTRIC 975,388 975,526 92,796
GAS 342,672 201,746
TRANSIT 4,002 4,002
TOTAL OPERATING REVENUES 1,322,062 1,181,274 92,796
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION 235,136 176,581 58,555
PURCHASED POWER 20,104 112,900
GAS PURCHASED FOR RESALE 220,923 127,846
OTHER OPERATION 229,996 214,344 5,128
MAINTENANCE 63,725 57,801 4,194
DEPRECIATION AND AMORTIZATION 119,177 106,952 6,981
INCOME TAXES 94,510 84,066 912
OTHER TAXES 78,938 70,366 4,853
TOTAL OPERATING EXPENSES 1,062,509 950,856 80,623
OPERATING INCOME 259,553 230,418 12,173
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION 8,176 7,989 91
OTHER INCOME, NET OF INCOME TAXES (2,178) (119) 24
TOTAL OTHER INCOME 5,998 7,870 115
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 265,551 238,288 12,288
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 108,804 86,799 7,921
OTHER INTEREST EXPENSE 6,749 5,787 109
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION (7,156) (6,341) (237)
TOTAL INTEREST CHARGES, NET 108,397 86,245 7,793
PREFERRED STOCK CASH DIVIDENDS (5,955) (5,955)
NET INCOME 151,199 146,088 4,495
RETAINED EARNINGS AT BEGINNING OF YEAR 506,380 291,713 5,421
COMMON STOCK CASH DIVIDENDS DECLARED (133,911) (113,700) (3,400)
RETAINED EARNINGS AT END OF YEAR 523,668 324,101 6,516
EARNINGS AVAILABLE FOR COMMON STOCK 151,199
WEIGHTED AVERAGE NUMBER OF COMMON 47,381
SHARES OUTSTANDING
EARNINGS PER SHARE OF COMMON STOCK 3.19
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C>
SOUTH CAROLINA SOUTH CAROLINA SCANA
FUEL PIPELINE CORP. DEVELOPMENT
COMPANY, INC. CONSOLIDATED CORPORATION
OPERATING REVENUES:
ELECTRIC 15,652
GAS 272,264
TRANSIT
TOTAL OPERATING REVENUES 15,652 272,264
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION 13,487
PURCHASED POWER
GAS PURCHASED FOR RESALE 224,415
OTHER OPERATION 109 10,566
MAINTENANCE 1,730
DEPRECIATION AND AMORTIZATION 5,244
INCOME TAXES 9,532
OTHER TAXES 1 3,719
TOTAL OPERATING EXPENSES 13,597 255,206
OPERATING INCOME 2,055 17,058
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION 96
OTHER INCOME, NET OF INCOME TAXES 23 3,406 605
TOTAL OTHER INCOME 23 3,502 605
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 2,078 20,560 605
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 2,051 1,680 598
OTHER INTEREST EXPENSE 589 846 1,057
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION (562) (16)
TOTAL INTEREST CHARGES, NET 2,078 2,510 1,655
PREFERRED STOCK CASH DIVIDENDS
NET INCOME - 18,050 (1,050)
RETAINED EARNINGS AT BEGINNING OF YEAR 19,949 1,941
COMMON STOCK CASH DIVIDENDS DECLARED (10,700)
RETAINED EARNINGS AT END OF YEAR 27,299 891
8
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<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 1,707 (1,155) 4,445
TOTAL OTHER INCOME 1,707 (1,155) 4,445
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 1,707 (1,155) 4,445
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET
OTHER INTEREST EXPENSE 514 8 25
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 514 8 25
PREFERRED STOCK CASH DIVIDENDS
NET INCOME 1,193 (1,163) 4,420
RETAINED EARNINGS AT BEGINNING OF YEAR 9,917 (5,396) (2,345)
COMMON STOCK CASH DIVIDENDS DECLARED (400) (1,000)
RETAINED EARNINGS AT END OF YEAR 10,710 (6,559) 1,075
9
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<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 (258) (11,261) 810
TOTAL OTHER INCOME (258) (11,261) 810
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS (258) (11,261) 810
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET
OTHER INTEREST EXPENSE 381 7,915 56
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 381 7,915 56
PREFERRED STOCK CASH DIVIDENDS
NET INCOME (639) (19,176) 754
RETAINED EARNINGS AT BEGINNING OF YEAR (4,418) 12,543 15,393
COMMON STOCK CASH DIVIDENDS DECLARED (3,000) (1,600)
RETAINED EARNINGS AT END OF YEAR (5,057) (9,633) 14,547
10
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CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1994
<S> <C> <S> <C> <C> <C>
SCANA
SERVICECARE, INC. CORPORATION ELIMINATIONS
OPERATING REVENUES:
ELECTRIC (108,586)
GAS (131,338)
TRANSIT
TOTAL OPERATING REVENUES (239,924)
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION (13,487)
PURCHASED POWER (92,796)
GAS PURCHASED FOR RESALE (131,338)
OTHER OPERATION 96 (247)
MAINTENANCE
DEPRECIATION AND AMORTIZATION
INCOME TAXES
OTHER TAXES
TOTAL OPERATING EXPENSES 96 (237,869)
OPERATING INCOME (96) (2,055)
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS 152,678 (152,678)
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION
OTHER INCOME, NET OF INCOME TAXES (276) 10,776 (10,905)
TOTAL OTHER INCOME (276) 163,454 (163,583)
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS (276) 163,358 (165,638)
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 11,244 (1,489)
OTHER INTEREST EXPENSE 18 915 (11,471)
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 18 2,159 (12,960)
PREFERRED STOCK CASH DIVIDENDS
NET INCOME (294) 151,199 (152,678)
RETAINED EARNINGS AT BEGINNING OF YEAR 506,380 (344,718)
COMMON STOCK CASH DIVIDENDS DECLARED (133,911) 133,800
RETAINED EARNINGS AT END OF YEAR (294) 523,668 (363,596)
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
ASSETS
UTILITY PLANT:
ELECTRIC 3,424,951 3,165,391 259,560
GAS 467,576 307,929
TRANSIT 3,785 3,785
COMMON 77,327 77,327
TOTAL 3,973,639 3,554,432 259,560
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION 1,333,360 1,171,758 85,032
TOTAL 2,640,279 2,382,674 174,528
CONSTRUCTION WORK IN PROGRESS 582,628 571,867 6,280
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION 43,591
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT 27,169
UTILITY PLANT, NET 3,293,667 2,954,541 180,808
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION 359,597 11,870
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 36,332 61
TOTAL OTHER PROPERTY & INVESTMENTS 395,929 11,931
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 10,934 (1,452) 472
RECEIVABLES - CUSTOMER AND OTHER 183,180 127,633 329
RECEIVABLES - ASSOCIATED COMPANIES 31,089 10,564
INVENTORIES (AT AVERAGE COST):
FUEL 60,273 3,439 12,076
MATERIALS & SUPPLIES 47,463 43,228 1,480
PREPAYMENTS 19,853 14,224 426
ACCUMULATED DEFERRED INCOME TAXES 18,629 17,931
TOTAL CURRENT ASSETS 340,332 236,092 25,347
DEFERRED DEBITS:
EMISSION ALLOWANCES 19,409
UNAMORTIZED DEBT EXPENSE 13,488 11,690 891
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT 10,614 10,614
NUCLEAR PLANT DECOMMISSIONING FUND 30,383 30,383
OTHER 289,306 251,928 1,099
TOTAL DEFERRED DEBITS 363,200 304,615 1,990
TOTAL 4,393,128 3,507,179 208,145
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY 1,410,438 1,133,432 26,516
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS) 26,027 26,027
TOTAL STOCKHOLDERS' INVESTMENT 1,436,465 1,159,459 26,516
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS) 49,528 49,528
LONG-TERM DEBT, NET 1,537,624 1,169,397 99,550
TOTAL CAPITALIZATION 3,023,617 2,378,384 126,066
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 83,027 111,200
CURRENT PORTION OF LONG-TERM DEBT 38,055 33,042 3,700
CURRENT PORTION OF PREFERRED STOCK 2,418 2,418
ACCOUNTS PAYABLE 117,959 50,501 7,012
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 33,358 2,500
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS 13,768 12,668
TAXES ACCRUED 46,670 47,883 3,548
INTEREST ACCRUED 25,226 21,534 582
DIVIDENDS DECLARED 35,530 28,489 2,000
ACCUMULATED DEFERRED INCOME TAXES
OTHER 17,220 15,525 52
TOTAL CURRENT LIABILITIES 479,873 356,618 19,394
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS 91,349 81,546 8,168
ACCUMULATED DEFERRED INCOME TAXES 589,026 503,541 43,464
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING 30,383 30,383
OTHER 178,880 156,707 11,053
TOTAL DEFERRED CREDITS 889,638 772,177 62,685
TOTAL 4,393,128 3,507,179 208,145
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C>
SOUTH CAROLINA SOUTH CAROLINA SCANA
FUEL PIPELINE CORP. DEVELOPMENT
COMPANY, INC. CONSOLIDATED CORPORATION
ASSETS
UTILITY PLANT:
ELECTRIC
GAS 159,647
TRANSIT
COMMON
TOTAL 159,647
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION 76,570
TOTAL 83,077
CONSTRUCTION WORK IN PROGRESS 4,481
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION 43,591
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT 27,169
UTILITY PLANT, NET 43,591 114,727
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION 40,788
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 2 396
TOTAL OTHER PROPERTY & INVESTMENTS 2 41,184
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 1,798 151 112
RECEIVABLES - CUSTOMER AND OTHER 46 14,873 8,217
RECEIVABLES - ASSOCIATED COMPANIES 16,436 95
INVENTORIES (AT AVERAGE COST):
FUEL 27,871 14,268
MATERIALS & SUPPLIES 154
PREPAYMENTS 165 1,010 766
ACCUMULATED DEFERRED INCOME TAXES 140
TOTAL CURRENT ASSETS 29,880 47,032 9,190
DEFERRED DEBITS:
EMISSION ALLOWANCES 19,409
UNAMORTIZED DEBT EXPENSE
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 11,797 4,436
TOTAL DEFERRED DEBITS 19,409 11,797 4,436
TOTAL 92,880 173,558 54,810
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SOUTH CAROLINA SOUTH CAROLINA SCANA
FUEL PIPELINE CORP. DEVELOPMENT
COMPANY, INC. CONSOLIDATED CORPORATION
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY 1 81,418 18,296
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 1 81,418 18,296
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 50,594 22,500 30,862
TOTAL CAPITALIZATION 50,595 103,918 49,158
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 19,409 12,950
CURRENT PORTION OF LONG-TERM DEBT 1,250 63
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 10,965 24,402 76
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 12,968 533 5,743
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS 50
TAXES ACCRUED (1,237) 4,087 (2,074)
INTEREST ACCRUED 405 (38)
DIVIDENDS DECLARED 3,900
ACCUMULATED DEFERRED INCOME TAXES
OTHER 299 376
TOTAL CURRENT LIABILITIES 42,105 47,876 4,146
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS 1,635
ACCUMULATED DEFERRED INCOME TAXES 180 16,686
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 3,443 1,506
TOTAL DEFERRED CREDITS 180 21,764 1,506
TOTAL 92,880 173,558 54,810
15
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<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 17,707 165 5,957
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 23,126 92
TOTAL OTHER PROPERTY & INVESTMENTS 40,833 257 5,957
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 1,142 647 643
RECEIVABLES - CUSTOMER AND OTHER 1,077 2,317 17,176
RECEIVABLES - ASSOCIATED COMPANIES 28 352
INVENTORIES (AT AVERAGE COST):
FUEL
MATERIALS & SUPPLIES 165 784
PREPAYMENTS 68 615 198
ACCUMULATED DEFERRED INCOME TAXES (94) 113 (31)
TOTAL CURRENT ASSETS 2,386 3,692 19,122
DEFERRED DEBITS:
EMISSION ALLOWANCES
UNAMORTIZED DEBT EXPENSE
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 349 27 1,039
TOTAL DEFERRED DEBITS 349 27 1,039
TOTAL 43,568 3,976 26,118
16
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA
MPX SYSTEMS, INC. PRIMESOUTH, INC. HYDROCARBONS, INC.
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY 19,357 2,587 9,515
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 19,357 2,587 9,515
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 8,500
TOTAL CAPITALIZATION 27,857 2,587 9,515
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 271 286 5,464
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 10,557 337 7,897
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS
TAXES ACCRUED 352 151 420
INTEREST ACCRUED 625
DIVIDENDS DECLARED 1,000
ACCUMULATED DEFERRED INCOME TAXES
OTHER 16 283 17
TOTAL CURRENT LIABILITIES 1,196 1,682 14,798
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS
ACCUMULATED DEFERRED INCOME TAXES 4,293 (166) (395)
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 222 (127) 2,200
TOTAL DEFERRED CREDITS 4,515 (293) 1,805
TOTAL 43,568 3,976 26,118
17
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA
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 278 265,696 15,322
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 1,856 11,475
TOTAL OTHER PROPERTY & INVESTMENTS 2,134 265,696 26,797
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS (1,447) (556) 1,257
RECEIVABLES - CUSTOMER AND OTHER 106 8,628 3,106
RECEIVABLES - ASSOCIATED COMPANIES 7,774
INVENTORIES (AT AVERAGE COST):
FUEL 2,619
MATERIALS & SUPPLIES 224 1,302
PREPAYMENTS 1,480 472
ACCUMULATED DEFERRED INCOME TAXES 386 184
TOTAL CURRENT ASSETS (955) 17,550 8,940
DEFERRED DEBITS:
EMISSION ALLOWANCES
UNAMORTIZED DEBT EXPENSE
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 11 (25) 257
TOTAL DEFERRED DEBITS 11 (25) 257
TOTAL 1,190 283,221 35,994
18
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA
SCANA CAPITAL PETROLEUM SUBURBAN PROPANE
RESOURCES, INC. RESOURCES, INC. GROUP, INC.
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY (4,592) 96,690 26,651
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT (4,592) 96,690 26,651
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 149,741 2,874
TOTAL CAPITALIZATION (4,592) 246,431 29,525
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 688
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 6 16,532 642
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 5,561 5,117 93
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS 1,050
TAXES ACCRUED (22) (5,594) 322
INTEREST ACCRUED
DIVIDENDS DECLARED
ACCUMULATED DEFERRED INCOME TAXES
OTHER 595
TOTAL CURRENT LIABILITIES 6,233 16,055 2,702
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS
ACCUMULATED DEFERRED INCOME TAXES (451) 19,902 3,767
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 833
TOTAL DEFERRED CREDITS (451) 20,735 3,767
TOTAL 1,190 283,221 35,994
19
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C>
SCANA
SERVICECARE, INC. CORPORATION ELIMINATIONS
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 658 1,156
INVESTMENTS IN SUBSIDIARIES:
SECURITIES 1,409,576 (1,409,576)
ADVANCES 192,286 (192,286)
INVESTMENTS (676)
TOTAL OTHER PROPERTY & INVESTMENTS 658 1,602,342 (1,601,862)
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 148 8,019
RECEIVABLES - CUSTOMER AND OTHER 526 22,792 (23,646)
RECEIVABLES - ASSOCIATED COMPANIES 186 64,277 (130,801)
INVENTORIES (AT AVERAGE COST):
FUEL
MATERIALS & SUPPLIES 126
PREPAYMENTS 429
ACCUMULATED DEFERRED INCOME TAXES
TOTAL CURRENT ASSETS 1,415 95,088 (154,447)
DEFERRED DEBITS:
EMISSION ALLOWANCES
UNAMORTIZED DEBT EXPENSE 907
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 6 1,079 17,303
TOTAL DEFERRED DEBITS 6 1,986 17,303
TOTAL 2,079 1,699,416 (1,739,006)
20
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA
SERVICECARE, INC. CORPORATION ELIMINATIONS
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY (295) 1,410,438 (1,409,576)
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT (295) 1,410,438 (1,409,576)
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 192,400 (188,794)
TOTAL CAPITALIZATION (295) 1,602,838 (1,598,370)
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 58,189 (19,409)
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 531 1,286 (15)
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 2,023 (86,687)
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS
TAXES ACCRUED (183) (983)
INTEREST ACCRUED 2,743 (625)
DIVIDENDS DECLARED 34,041 (33,900)
ACCUMULATED DEFERRED INCOME TAXES
OTHER 3 54
TOTAL CURRENT LIABILITIES 2,374 95,330 (140,636)
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS
ACCUMULATED DEFERRED INCOME TAXES (1,795)
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 3,043
TOTAL DEFERRED CREDITS 1,248
TOTAL 2,079 1,699,416 (1,739,006)
21
</TABLE>
<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 June, 1995.
SCANA CORPORATION
(Name of Claimant)
BY: s/W. B. Timmerman
(W. B. Timmerman, Executive
Vice President, Chief
Financial Officer and
Controller)
CORPORATE SEAL
Attest:
(Asbury H. Gibbes, Senior Vice President, General Counsel and
Assistant Secretary)
Name, title and address of officer to whom notices and
correspondence concerning this statement should be addressed:
s/Asbury H. Gibbes
Asbury H. Gibbes
(Name)
Senior Vice President, General Counsel and Assistant Secretary
(Title)
1426 Main Street, Columbia, South Carolina 29201
(Address)
22
<PAGE>
EXHIBIT B. Financial Data Schedule
If, at the time a report on this form is filed, the registrant
is required to submit this report and any amendments thereto
electronically via EDGAR, the registrant shall furnish a Financial
Data Schedule. The Schedule shall set forth the financial and
other data specified below that are applicable to the registrant on
a consolidated basis.
23
EXHIBIT C
An organizational chart showing the relationship of each EWG
or foreign utility company to associate companies in the holding-
company system.
24
