<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM U-3A-2
File No.
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 four 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 nine 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, generates and sells electricity to
wholesale and retail customers, purchases, sells and
transports natural gas at retail and provides public
transit service in Columbia and Charleston, South
Carolina;
(2) South Carolina Generating Company, Inc. (GENCO), a South
Carolina corporation, owns and operates Williams
Station, a 560 MW coal-fired electric generating plant,
and sells electricity to SCE&G;
(3) South Carolina Fuel Company, Inc., a South Carolina
corporation, acquires, owns and provides financing for
SCE&G's nuclear fuel, fossil fuel and sulfur dioxide
emission allowance requirements;
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(4) Suburban Propane Group, Inc. (Suburban), purchases,
delivers, and sells propane. Suburban holds all the
capital stock of two immaterial subsidiaries;
(5) SCANA Resources, Inc., a South Carolina corporation,
conducts energy-related businesses and services;
(6) MPX Systems, Inc., a South Carolina corporation,
provides fiber optic telecommunications, video
conferencing, specialized mobile radio services and,
through joint ventures, is developing personal
communication services for wireless communications;
(7) SCANA Energy Marketing, Inc., a South Carolina
corporation, markets natural gas and other
light hydrocarbons and provides transportation
and bulk storage of propane. Also owns several
gas gathering systems and provides energy-related
risk management services to producers and consumers;
(8) SCANA Petroleum Resources, Inc., a South Carolina
corporation, owns and/or operates interests in oil
and gas properties in nine states and Federal waters
offshore Texas, Louisiana and Alabama;
(9) ServiceCare, Inc., a South Carolina corporation,
provides energy-related products and services beyond the
energy meter, principally service contracts on home
appliances;
(10) Primesouth, Inc., a South Carolina corporation, engages
in power plant management and maintenance services;
(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 in the process of
liquidation.
(12) South Carolina Pipeline Corporation, a South Carolina
corporation, purchases, sells and transports natural gas
to wholesale and direct industrial customers and owns
and operates two LNG plants for the liquefaction,
regasification and storage of natural gas.
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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 SCE&G, (ii) the capital stock of USA Cylinder
Exchange, Inc. and Santee Distributing Corporation, which capital
stock is held by Suburban, (iii) the capital stock of C&T Pipeline
Company, Inc., which capital stock is held by SCANA Energy
Marketing, Inc., and (iv) the capital stock of Palmark, Inc.,
which capital stock is held by Primesouth, Inc.
B. Description of properties of claimant's wholly owned
subsidiary public utility companies:
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SOUTH CAROLINA ELECTRIC & GAS COMPANY
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 594,000
Cope (3) Cope, SC 385,000
D-Area (4) DOE Savannah River
Site, SC 17,000
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(5) Parr, SC 60,000
Williams(6) 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 3,722,000
(1) Summer rating.
(2) Operated by SCE&G under a joint ownership agreement. Represents
SCE&G's two-thirds ownership of the Summer Station.
(3) Plant began commercial operation in January, 1996.
(4) This plant is operated per lease from the Department of Energy
(DOE) dispatched to DOE's Savannah River Site steam needs. "Net
Capacity Rating" for this plant is expected average hourly output.
The lease, which may be extended, expires on October 1, 2005.
(5) Two of the four Parr gas turbines are leased and have a net
capability of 34,000 KW. This lease expires on June 29, 1996.
SCE&G has agreed to purchase the leased turbines on the lease
expiration date.
(6) The two gas turbines at Williams are leased and have a net
capability of 49,000 KW. 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 429 substations having an aggregate transformer capacity
of 19,577,868 KVA. The transmission system consists of 3,090 miles of
lines and the distribution system consists of 15,596 pole miles of
overhead lines and 3,191 trench miles of underground lines.
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SCE&G's gas system consists of approximately 6,833 miles of three-
inch equivalent distribution pipelines and approximately 11,265 miles of
distribution mains and related service facilities, installed in
communities pursuant to terms of franchises granted by each community.
SCE&G has propane air peak shaving 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:
17,585,238 KWH
22,254,057 MCF
GENCO:
Sold all of the generation of Williams Station
(3,142,442,000 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.
110,539,000 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.
87,025,000 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, 1995
(THOUSANDS OF DOLLARS)
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
OPERATING REVENUES:
<S> <C> <C> <C>
ELECTRIC 1,006,420 1,006,566 83,527
GAS 342,662 200,632
TRANSIT 3,889 3,889
TOTAL OPERATING REVENUES 1,352,971 1,211,087 83,527
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION 227,405 177,579 49,826
PURCHASED POWER 14,704 98,231
GAS PURCHASED FOR RESALE 212,427 125,032
OTHER OPERATION 228,682 211,318 5,770
MAINTENANCE 58,432 53,071 3,467
DEPRECIATION AND AMORTIZATION 129,888 117,584 6,904
INCOME TAXES 109,949 96,956 893
OTHER TAXES 83,970 75,462 4,570
TOTAL OPERATING EXPENSES 1,065,457 955,233 71,430
OPERATING INCOME 287,514 255,854 12,097
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION 9,975 9,499 172
OTHER INCOME, NET OF INCOME TAXES (1,915) 1,174 (57)
TOTAL OTHER INCOME 8,060 10,673 115
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 295,574 266,527 12,212
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 116,368 96,488 7,668
OTHER INTEREST EXPENSE 17,102 10,444 331
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION (11,922) (9,590) (415)
TOTAL INTEREST CHARGES, NET 121,548 97,342 7,584
PREFERRED STOCK CASH DIVIDENDS (5,687) (5,687)
NET INCOME 168,339 163,498 4,628
RETAINED EARNINGS AT BEGINNING OF YEAR 523,668 324,101 6,516
ADJUSTMENT FOR CUMULATIVE EFFECT
OF RETROACTIVE APPLICATION OF
FULL COST METHOD OF ACCOUNTING (51,297)
ADJUSTMENT FOR REORGANIZATION OF ENTITIES
COMMON STOCK CASH DIVIDENDS DECLARED (142,719) (121,363) (3,200)
RETAINED EARNINGS AT END OF YEAR 497,991 366,236 7,944
EARNINGS AVAILABLE FOR COMMON STOCK 168,339
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING 99,044
EARNINGS PER SHARE OF COMMON STOCK 1.70
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
SOUTH CAROLINA SOUTH CAROLINA SCANA
FUEL PIPELINE CORP. DEVELOPMENT
COMPANY, INC. CONSOLIDATED CORPORATION
OPERATING REVENUES:
<S> <C>
ELECTRIC 22,978
GAS 277,715
TRANSIT
TOTAL OPERATING REVENUES 22,978 277,715
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION 20,017
PURCHASED POWER
GAS PURCHASED FOR RESALE 223,080
OTHER OPERATION 104 11,701
MAINTENANCE 1,894
DEPRECIATION AND AMORTIZATION 5,400
INCOME TAXES 12,100
OTHER TAXES 3,938
TOTAL OPERATING EXPENSES 20,121 258,113
OPERATING INCOME 2,857 19,602
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION 304
OTHER INCOME, NET OF INCOME TAXES 649 425 2,078
TOTAL OTHER INCOME 649 729 2,078
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 3,506 20,331 2,078
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 4,796 1,575 194
OTHER INTEREST EXPENSE 583 902 1,884
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION (1,873) (44)
TOTAL INTEREST CHARGES, NET 3,506 2,433 2,078
PREFERRED STOCK CASH DIVIDENDS
NET INCOME 17,898
RETAINED EARNINGS AT BEGINNING OF YEAR 27,299 891
ADJUSTMENT FOR CUMULATIVE EFFECT
OF RETROACTIVE APPLICATION OF
FULL COST METHOD OF ACCOUNTING
ADJUSTMENT FOR REORGANIZATION OF ENTITIES
COMMON STOCK CASH DIVIDENDS DECLARED (11,000) (1,436)
RETAINED EARNINGS AT END OF YEAR 34,197 (545)
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
PRIMESOUTH, INC. SCANA ENERGY
MPX SYSTEMS, INC. CONSOLIDATED MARKETING INC.
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 1,614 (86) 3,155
TOTAL OTHER INCOME 1,614 (86) 3,155
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 1,614 (86) 3,155
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET (25)
OTHER INTEREST EXPENSE 1,970 8
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 1,945 8
PREFERRED STOCK CASH DIVIDENDS
NET INCOME (331) (86) 3,147
RETAINED EARNINGS AT BEGINNING OF YEAR 10,710 (6,559) 1,075
ADJUSTMENT FOR CUMULATIVE EFFECT
OF RETROACTIVE APPLICATION OF
FULL COST METHOD OF ACCOUNTING
ADJUSTMENT FOR REORGANIZATION OF ENTITIES
COMMON STOCK CASH DIVIDENDS DECLARED (1,000)
RETAINED EARNINGS AT END OF YEAR 10,379 (6,645) 3,222
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA
SCANA PETROLEUM SUBURBAN PROPANE
RESOURCES, INC RESOURCES GROUP, INC.
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 (124) (9,050) 1,140
TOTAL OTHER INCOME (124) (9,050) 1,140
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS (124) (9,050) 1,140
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET
OTHER INTEREST EXPENSE 4 7,677 117
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 4 7,677 117
PREFERRED STOCK CASH DIVIDENDS
NET INCOME (128) (16,727) 1,023
RETAINED EARNINGS AT BEGINNING OF YEAR (5,057) (9,633) 14,547
ADJUSTMENT FOR CUMULATIVE EFFECT
OF RETROACTIVE APPLICATION OF
FULL COST METHOD OF ACCOUNTING (51,297)
ADJUSTMENT FOR REORGANIZATION OF ENTITIES 5,057
COMMON STOCK CASH DIVIDENDS DECLARED (3,100) (1,600)
RETAINED EARNINGS AT END OF YEAR (128) (80,757) 13,970
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA
SERVICECARE, INC. CORPORATION ELIMINATIONS
OPERATING REVENUES:
ELECTRIC (106,651)
GAS (135,685)
TRANSIT
TOTAL OPERATING REVENUES (242,336)
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION (20,017)
PURCHASED POWER (83,527)
GAS PURCHASED FOR RESALE (135,685)
OTHER OPERATION 39 (250)
MAINTENANCE
DEPRECIATION AND AMORTIZATION
INCOME TAXES
OTHER TAXES
TOTAL OPERATING EXPENSES 39 (239,479)
OPERATING INCOME (39) (2,857)
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS 171,931 (171,931)
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION
OTHER INCOME, NET OF INCOME TAXES (780) 12,704 (14,757)
TOTAL OTHER INCOME (780) 184,635 (186,688)
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS (780) 184,596 (189,545)
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 9,032 (3,360)
OTHER INTEREST EXPENSE 212 7,225 (14,255)
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 212 16,257 (17,615)
PREFERRED STOCK CASH DIVIDENDS
NET INCOME (992) 168,339 (171,930)
RETAINED EARNINGS AT BEGINNING OF YEAR (294) 523,668 (363,596)
ADJUSTMENT FOR CUMULATIVE EFFECT
OF RETROACTIVE APPLICATION OF
FULL COST METHOD OF ACCOUNTING (51,297) 51,297
ADJUSTMENT FOR REORGANIZATION OF ENTITIES (5,057)
COMMON STOCK CASH DIVIDENDS DECLARED (142,719) 142,699
RETAINED EARNINGS AT END OF YEAR (1,286) 497,991 (346,587)
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
<S> <C> <C> <C>
ASSETS
UTILITY PLANT:
ELECTRIC 3,539,068 3,277,530 261,538
GAS 484,752 320,847
TRANSIT 3,768 3,768
COMMON 91,616 91,616
TOTAL 4,119,204 3,693,761 261,538
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION 1,367,541 1,196,279 90,244
TOTAL 2,751,663 2,497,482 171,294
CONSTRUCTION WORK IN PROGRESS 644,661 613,683 11,945
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION 46,492
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT 26,172
UTILITY PLANT, NET 3,468,988 3,111,165 183,239
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION 215,791 11,542
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 98,416 61
TOTAL OTHER PROPERTY & INVESTMENTS 314,207 11,603
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 16,082 7,424
RECEIVABLES - CUSTOMER AND OTHER 211,173 154,816 939
RECEIVABLES - ASSOCIATED COMPANIES 16,108 8,187
INVENTORIES (AT AVERAGE COST):
FUEL 61,499 3,419 8,600
MATERIALS & SUPPLIES 47,674 43,583 1,608
PREPAYMENTS 15,870 9,789 422
ACCUMULATED DEFERRED INCOME TAXES 20,186 19,420
TOTAL CURRENT ASSETS 372,484 254,559 19,756
DEFERRED DEBITS:
EMISSION ALLOWANCES 28,514
UNAMORTIZED DEBT EXPENSE 13,432 11,445 955
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT 6,369 6,369
NUCLEAR PLANT DECOMMISSIONING FUND 36,070 36,070
OTHER 294,362 273,055 669
TOTAL DEFERRED DEBITS 378,747 326,939 1,624
TOTAL 4,534,426 3,704,266 204,619
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(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 1,554,680 1,315,071 27,945
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS) 26,027 26,027
TOTAL STOCKHOLDERS' INVESTMENT 1,580,707 1,341,098 27,945
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS) 46,243 46,243
LONG-TERM DEBT, NET 1,588,879 1,202,549 95,850
TOTAL CAPITALIZATION 3,215,829 2,589,890 123,795
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 112,524 80,500
CURRENT PORTION OF LONG-TERM DEBT 40,983 36,033 3,700
CURRENT PORTION OF PREFERRED STOCK 2,439 2,439
ACCOUNTS PAYABLE 138,778 48,933 8,644
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 26,212 2,500
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS 13,643 12,518
TAXES ACCRUED 66,914 65,152 3,946
INTEREST ACCRUED 25,884 21,626 583
DIVIDENDS DECLARED 39,056 33,126 800
ACCUMULATED DEFERRED INCOME TAXES
OTHER 14,625 12,455 96
TOTAL CURRENT LIABILITIES 454,846 338,994 20,269
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS 87,719 78,316 7,863
ACCUMULATED DEFERRED INCOME TAXES 542,022 488,681 43,314
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING 36,070 36,070
OTHER 197,940 172,315 9,378
TOTAL DEFERRED CREDITS 863,751 775,382 60,555
TOTAL 4,534,426 3,704,266 204,619
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(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 163,905
TRANSIT
COMMON
TOTAL 163,905
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION 81,018
TOTAL 82,887
CONSTRUCTION WORK IN PROGRESS 19,033
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION 46,492
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT 26,172
UTILITY PLANT, NET 46,492 128,092
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION 24,561
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 2 152
TOTAL OTHER PROPERTY & INVESTMENTS 2 24,713
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 412
RECEIVABLES - CUSTOMER AND OTHER 15,168 8,065
RECEIVABLES - ASSOCIATED COMPANIES 17,590 12
INVENTORIES (AT AVERAGE COST):
FUEL 32,393 13,263
MATERIALS & SUPPLIES 152
PREPAYMENTS 369 1,895 579
ACCUMULATED DEFERRED INCOME TAXES 23
TOTAL CURRENT ASSETS 32,762 48,091 9,068
DEFERRED DEBITS:
EMISSION ALLOWANCES 28,514
UNAMORTIZED DEBT EXPENSE
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 5,613 3,087
TOTAL DEFERRED DEBITS 28,514 5,613 3,087
TOTAL 107,768 181,798 36,868
14
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(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 88,316 14,466
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 1 88,316 14,466
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 76,830 21,250 18,376
TOTAL CAPITALIZATION 76,831 109,566 32,842
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 7,024
CURRENT PORTION OF LONG-TERM DEBT 1,250
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 23,424 32,421 53
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 8,975 565 2,030
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS 45
TAXES ACCRUED (1,144) 3,978 484
INTEREST ACCRUED 607
DIVIDENDS DECLARED 2,700
ACCUMULATED DEFERRED INCOME TAXES
OTHER 52 520 96
TOTAL CURRENT LIABILITIES 31,307 49,110 2,663
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS 1,540
ACCUMULATED DEFERRED INCOME TAXES (371) 15,828
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 1 5,754 1,363
TOTAL DEFERRED CREDITS (370) 23,122 1,363
TOTAL 107,768 181,798 36,868
15
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA ENERGY
MPX SYSTEMS, INC. PRIMESOUTH, INC. MARKETING, 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 20,526 165 10,885
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 86,775 92
TOTAL OTHER PROPERTY & INVESTMENTS 107,301 257 10,885
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 114 480
RECEIVABLES - CUSTOMER AND OTHER 850 890 20,637
RECEIVABLES - ASSOCIATED COMPANIES 13 305 30
INVENTORIES (AT AVERAGE COST):
FUEL 144
MATERIALS & SUPPLIES 238 607
PREPAYMENTS 210 1,036 140
ACCUMULATED DEFERRED INCOME TAXES (78) 89 120
TOTAL CURRENT ASSETS 1,347 2,800 21,678
DEFERRED DEBITS:
EMISSION ALLOWANCES
UNAMORTIZED DEBT EXPENSE
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 498 31 3,642
TOTAL DEFERRED DEBITS 498 31 3,642
TOTAL 109,146 3,088 36,205
16
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA ENERGY
MPX SYSTEMS, INC. PRIMESOUTH, INC. MARKETING, INC.
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY 66,439 2,501 11,662
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 66,439 2,501 11,662
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 8,500
TOTAL CAPITALIZATION 74,939 2,501 11,662
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 95 135 11,488
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 29,940 269 8,393
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS
TAXES ACCRUED (6) 92 62
INTEREST ACCRUED
DIVIDENDS DECLARED 500
ACCUMULATED DEFERRED INCOME TAXES
OTHER 331 399 7
TOTAL CURRENT LIABILITIES 30,360 895 20,450
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS
ACCUMULATED DEFERRED INCOME TAXES 3,439 (239) (199)
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 408 (69) 4,292
TOTAL DEFERRED CREDITS 3,847 (308) 4,093
TOTAL 109,146 3,088 36,205
17
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA
SCANA 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 36 130,646 15,291
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 11,165
TOTAL OTHER PROPERTY & INVESTMENTS 36 130,646 26,456
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 648
RECEIVABLES - CUSTOMER AND OTHER 149 3,629 3,260
RECEIVABLES - ASSOCIATED COMPANIES 8,296
INVENTORIES (AT AVERAGE COST):
FUEL 3,680
MATERIALS & SUPPLIES 258 1,106
PREPAYMENTS 630 420
ACCUMULATED DEFERRED INCOME TAXES 226
TOTAL CURRENT ASSETS 149 12,813 9,340
DEFERRED DEBITS:
EMISSION ALLOWANCES
UNAMORTIZED DEBT EXPENSE
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER (25) 237
TOTAL DEFERRED DEBITS (25) 237
TOTAL 185 143,434 36,033
18
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
SCANA
SCANA PETROLEUM SUBURBAN PROPANE
RESOURCES, INC. RESOURCES, INC. GROUP, INC.
<S> <C> <C> <C>
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY (127) 55,567 26,073
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT (127) 55,567 26,073
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 85,222 2,738
TOTAL CAPITALIZATION (127) 140,789 28,811
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 387 10,858 1,390
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 2,474 70
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS 1,080
TAXES ACCRUED (79) (1,752) 474
INTEREST ACCRUED
DIVIDENDS DECLARED
ACCUMULATED DEFERRED INCOME TAXES
OTHER 4 618
TOTAL CURRENT LIABILITIES 312 11,580 3,632
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS
ACCUMULATED DEFERRED INCOME TAXES (9,738) 3,590
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 803
TOTAL DEFERRED CREDITS (8,935) 3,590
TOTAL 185 143,434 36,033
19
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(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 737 1,402
INVESTMENTS IN SUBSIDIARIES:
SECURITIES 1,606,626 (1,606,626)
ADVANCES 133,576 (133,576)
INVESTMENTS 169
TOTAL OTHER PROPERTY & INVESTMENTS 737 1,741,773 (1,740,202)
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 314 6,690
RECEIVABLES - CUSTOMER AND OTHER 718 4,158 (2,106)
RECEIVABLES - ASSOCIATED COMPANIES 130 56,273 (106,944)
INVENTORIES (AT AVERAGE COST):
FUEL
MATERIALS & SUPPLIES 122
PREPAYMENTS 380
ACCUMULATED DEFERRED INCOME TAXES 386
TOTAL CURRENT ASSETS 1,664 67,507 (109,050)
DEFERRED DEBITS:
EMISSION ALLOWANCES
UNAMORTIZED DEBT EXPENSE 1,032
ACCUMULATED DEFERRED INCOME TAXES
UNAMORTIZED DEFERRED RETURN ON PLANT INVESTMENT
NUCLEAR PLANT DECOMMISSIONING FUND
OTHER 29 963 6,563
TOTAL DEFERRED DEBITS 29 1,995 6,563
TOTAL 2,430 1,811,275 (1,842,689)
20
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA
SERVICECARE, INC. CORPORATION ELIMINATIONS
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY (1,287) 1,554,679 (1,606,626)
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT (1,287) 1,554,679 (1,606,626)
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 192,400 (114,836)
TOTAL CAPITALIZATION (1,287) 1,747,079 (1,721,462)
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 25,000
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 157 793
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 4,099 (85,527)
ACCUMULATED PROVISION FOR RATE REFUNDS
CUSTOMER DEPOSITS
TAXES ACCRUED (614) (3,679)
INTEREST ACCRUED 3,068
DIVIDENDS DECLARED 37,630 (35,700)
ACCUMULATED DEFERRED INCOME TAXES
OTHER 4 43
TOTAL CURRENT LIABILITIES 3,646 62,855 (121,227)
DEFERRED CREDITS:
ACCUMULATED DEFERRED INVESTMENT TAX CREDITS
ACCUMULATED DEFERRED INCOME TAXES (2,283)
ACCUM RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 71 3,624
TOTAL DEFERRED CREDITS 71 1,341
TOTAL 2,430 1,811,275 (1,842,689)
</TABLE>
21
<PAGE>
The above-named claimant has caused this statement to be
duly executed on its behalf by its authorized officer on this
26th day of February, 1996.
SCANA CORPORATION
(Name of Claimant)
BY: s/W. B. Timmerman
(W. B. Timmerman, President and Director)
CORPORATE SEAL
Attest:
(H. Thomas Arthur, 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/H. Thomas Arthur
H. Thomas Arthur Vice President, General Counsel and Assistant Secretary
(Name) (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
<PAGE>
EXHIBIT C
An organizational chart showing the relationship of each EWG
or foreign utility company to associate companies in the holding-
company system.
24
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 1995 AND THE CONSOLIDATED
STATEMENTS OF INCOME AND RETAINED EARNINGS FOR THE TWELVE MONTHS ENDED
DECEMBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 4,534,426
<TOTAL-OPERATING-REVENUES> 1,352,971
<NET-INCOME> 168,339
</TABLE>
