<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 thirteen direct and six 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 six states and
Federal and state 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, 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 allowances;
1
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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. SCANA Resources, Inc. holds all of the
capital stock of one immaterial subsidiary;
(6) SCANA Communications, Inc., a South Carolina
corporation, provides fiber optic
telecommunications and video conferencing and
invests in companies developing personal
communications services for wireless
communications;
(7) SCANA Energy Marketing, Inc., a South Carolina
corporation, markets natural gas and other light
hydrocarbons. Also owns gas gathering systems and
provides energy-related risk management services to
producers and consumers;
(8) SCANA Petroleum Resources, Inc. (Petroleum
Resources), a South Carolina corporation, owns
and/or operates interests in oil and gas
properties. Petroleum Resources holds all of the
capital stock of one immaterial subsidiary;
(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. Primesouth, Inc. holds all of the
capital stock of one immaterial subsidiary;
(11) 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. South Carolina Pipeline
Corporation holds all the capital stock of one
immaterial subsidiary;
(12) SCANA Propane Services, Inc., a South Carolina
corporation, owns and operates an underground
propane storage facility and leases cavern storage
to industries, utilities and others;
(13) 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.
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 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 South
Carolina Pipeline Corporation, (iv) the capital stock of
Palmark, Inc., which capital stock is held by
Primesouth, Inc., (v) the capital stock of Instel, Inc.,
which capital stock is held by SCANA Resources, Inc.,
and (vi) the capital stock of SPR Gas Services, Inc.,
which capital stock is held by Petroleum Resources.
B. Description of properties of claimant's wholly owned
subsidiary public utility companies:
3
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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 628,000
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 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 3,756,000
(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 under lease from the Department of
Energy (DOE) and is dispatched to DOE's Savannah River
Site steam needs. "Net Generating Capability" for this
plant is expected average hourly output. The lease
expires on October 1, 2005.
(5) 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 430 substations having an aggregate transformer
capacity of 21,078,351 KVA. The transmission system consists of
3,142 miles of lines and the distribution system consists of
15,840 pole miles of overhead lines and 3,331 trench miles of
underground lines.
4
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SCE&G's gas system consists of approximately 7,029 miles of
three-inch equivalent distribution pipelines and approximately
11,474 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:
18,011,738,794 KWH
24,453,192 MCF
GENCO:
Sold all of the generation of Williams Station
(4,037,199,000 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.
694,107,000 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.
201,923,000 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, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <C>
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
OPERATING REVENUES:
ELECTRIC 1,106,524 1,106,664 95,344
GAS 403,199 234,825
TRANSIT 3,108 3,108
TOTAL OPERATING REVENUES 1,512,831 1,344,597 95,344
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION 250,516 187,100 63,416
PURCHASED POWER 11,449 106,792
GAS PURCHASED FOR RESALE 276,843 157,118
OTHER OPERATION 238,901 222,361 5,189
MAINTENANCE 68,362 64,369 2,236
DEPRECIATION AND AMORTIZATION 147,557 134,951 7,007
INCOME TAXES 118,023 107,734 998
OTHER TAXES 87,297 78,647 4,966
TOTAL OPERATING EXPENSES 1,198,948 1,059,072 83,812
OPERATING INCOME 313,883 285,525 11,532
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION 7,028 4,055 168
OTHER INCOME, NET OF INCOME TAXES 21,964 969 (4)
TOTAL OTHER INCOME 28,992 5,024 164
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 342,875 290,549 11,696
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 114,954 96,701 7,323
OTHER INTEREST EXPENSE 13,283 8,271 154
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION (6,081) (4,905) (392)
TOTAL INTEREST CHARGES, NET 122,156 100,067 7,085
PREFERRED STOCK CASH DIVIDENDS (5,433) (5,433)
NET INCOME 215,286 185,049 4,611
RETAINED EARNINGS AT BEGINNING OF YEAR 497,991 366,236 7,944
OTHER (386)
COMMON STOCK CASH DIVIDENDS DECLARED (154,725) (135,800) (3,000)
RETAINED EARNINGS AT END OF YEAR 558,166 415,485 9,555
EARNINGS AVAILABLE FOR COMMON STOCK 215,286
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING 105,123
EARNINGS PER SHARE OF COMMON STOCK 2.05
7
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C>
SOUTH CAROLINA SOUTH CAROLINA SCANA
FUEL PIPELINE CORP. DEVELOPMENT
COMPANY, INC. CONSOLIDATED CORPORATION
OPERATING REVENUES:
ELECTRIC 182,648
GAS 326,907
TRANSIT
TOTAL OPERATING REVENUES 182,648 326,907
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION 178,116
PURCHASED POWER
GAS PURCHASED FOR RESALE 278,258
OTHER OPERATION 30 11,492
MAINTENANCE 1,757
DEPRECIATION AND AMORTIZATION 5,599
INCOME TAXES 9,291
OTHER TAXES 3,684
TOTAL OPERATING EXPENSES 178,146 310,081
OPERATING INCOME 4,502 16,826
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION 2,805
OTHER INCOME, NET OF INCOME TAXES 290 (51) 1,108
TOTAL OTHER INCOME 290 2,754 1,108
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 4,792 19,580 1,108
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 4,566 1,491
OTHER INTEREST EXPENSE 674 1,396 1,108
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION (448) (336)
TOTAL INTEREST CHARGES, NET 4,792 2,551 1,108
PREFERRED STOCK CASH DIVIDENDS
NET INCOME 17,029
RETAINED EARNINGS AT BEGINNING OF YEAR 34,197 (545)
OTHER
COMMON STOCK CASH DIVIDENDS DECLARED (8,800)
RETAINED EARNINGS AT END OF YEAR 42,426 (545)
8
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA PRIMESOUTH, INC. SCANA ENERGY
COMMUNICATIONS, 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 6,760 (92) (4,305)
TOTAL OTHER INCOME 6,760 (92) (4,305)
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 6,760 (92) (4,305)
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET
OTHER INTEREST EXPENSE 5,515 1 25
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 5,515 1 25
PREFERRED STOCK CASH DIVIDENDS
NET INCOME 1,245 (93) (4,330)
RETAINED EARNINGS AT BEGINNING OF YEAR 10,379 (6,645) 3,222
OTHER (625)
COMMON STOCK CASH DIVIDENDS DECLARED (1,500)
RETAINED EARNINGS AT END OF YEAR 11,624 (7,363) (2,608)
9
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA 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 54 16,373 2,103
TOTAL OTHER INCOME 54 16,373 2,103
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 54 16,373 2,103
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET
OTHER INTEREST EXPENSE 33 3,799 102
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 33 3,799 102
PREFERRED STOCK CASH DIVIDENDS
NET INCOME 21 12,574 2,001
RETAINED EARNINGS AT BEGINNING OF YEAR (128) (80,757) 13,970
OTHER
COMMON STOCK CASH DIVIDENDS DECLARED (3,500) (1,600)
RETAINED EARNINGS AT END OF YEAR (107) (71,683) 14,371
10
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SCANA CORPORATION
CONSOLIDATING STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C> <C>
SCANA PROPANE SCANA
SERVICECARE, INC. SERVICES, INC. CORPORATION ELIMINATIONS
OPERATING REVENUES:
ELECTRIC (278,132)
GAS (158,533)
TRANSIT
TOTAL OPERATING REVENUES (436,665)
OPERATING EXPENSES:
FUEL USED IN ELECTRIC GENERATION (178,116)
PURCHASED POWER (95,343)
GAS PURCHASED FOR RESALE (158,533)
OTHER OPERATION (171)
MAINTENANCE
DEPRECIATION AND AMORTIZATION
INCOME TAXES
OTHER TAXES
TOTAL OPERATING EXPENSES (432,163)
OPERATING INCOME (4,502)
OTHER INCOME:
SUBSIDIARY EQUITY EARNINGS 219,005 (219,005)
ALLOWANCE FOR EQUITY FUNDS USED
DURING CONSTRUCTION
OTHER INCOME, NET OF INCOME TAXES 306 904 10,130 (12,581)
TOTAL OTHER INCOME 306 904 229,135 (231,586)
INCOME BEFORE INTEREST CHARGES
AND PREFERRED STOCK DIVIDENDS 306 904 229,135 (236,088)
INTEREST CHARGES (CREDITS):
INTEREST ON LONG-TERM DEBT, NET 8,991 (4,118)
OTHER INTEREST EXPENSE 201 111 4,858 (12,965)
ALLOWANCE FOR BORROWED FUNDS USED
DURING CONSTRUCTION
TOTAL INTEREST CHARGES, NET 201 111 13,849 (17,083)
PREFERRED STOCK CASH DIVIDENDS
NET INCOME 105 793 215,286 (219,005)
RETAINED EARNINGS AT BEGINNING OF YEAR (1,286) 497,991 (346,587)
OTHER (386) (386) 1,011
COMMON STOCK CASH DIVIDENDS DECLARED (500) (154,725) 154,700
RETAINED EARNINGS AT END OF YEAR (1,567) 293 558,166 (409,881)
11
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA SOUTH CAROLINA SOUTH CAROLINA
CORPORATION ELECTRIC & GAS GENERATING
CONSOLIDATED COMPANY COMPANY, INC.
ASSETS
UTILITY PLANT:
ELECTRIC 4,135,567 3,870,561 265,006
GAS 540,196 338,095
TRANSIT 3,923 3,923
COMMON 81,858 81,858
TOTAL 4,761,544 4,294,437 265,006
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION 1,517,847 1,331,824 96,546
TOTAL 3,243,697 2,962,613 168,460
CONSTRUCTION WORK IN PROGRESS 219,150 193,278 9,546
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION 41,006
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT 25,175
UTILITY PLANT, NET 3,529,028 3,155,891 178,006
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION 159,143 11,468
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 186,105 61
TOTAL OTHER PROPERTY & INVESTMENTS 345,248 11,529
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 17,349 5,399
RECEIVABLES - CUSTOMER AND OTHER 239,286 170,391 109
RECEIVABLES - ASSOCIATED COMPANIES 12,719 8,592
INVENTORIES (AT AVERAGE COST):
FUEL 67,428 3,303 6,571
MATERIALS & SUPPLIES 49,449 45,375 1,520
PREPAYMENTS 13,276 8,405 626
DEFERRED INCOME TAXES 20,776 20,025
TOTAL CURRENT ASSETS 407,564 265,617 17,418
DEFERRED DEBITS:
EMISSION ALLOWANCES 30,457
ENVIRONMENTAL 41,375 41,375
NUCLEAR PLANT DECOMMISSIONING FUND 42,194 42,194
PENSION ASSET 57,931 57,931
OTHER 305,549 294,244 1,252
TOTAL DEFERRED DEBITS 477,506 435,744 1,252
TOTAL 4,759,346 3,868,781 196,676
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(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 1,683,448 1,413,461 29,557
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS) 26,027 26,027
TOTAL STOCKHOLDERS' INVESTMENT 1,709,475 1,439,488 29,557
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS) 43,014 43,014
LONG-TERM DEBT, NET 1,581,608 1,210,617 92,150
TOTAL CAPITALIZATION 3,334,097 2,693,119 121,707
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 144,599 90,000
CURRENT PORTION OF LONG-TERM DEBT 51,220 42,755 3,700
CURRENT PORTION OF PREFERRED STOCK 2,432 2,432
ACCOUNTS PAYABLE 157,475 40,682 6,147
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 31,395 1,250
CUSTOMER DEPOSITS 16,122 14,944
TAXES ACCRUED 70,610 68,261 4,184
INTEREST ACCRUED 25,609 21,304 583
DIVIDENDS DECLARED 40,773 35,972 900
OTHER 7,200 4,999 50
TOTAL CURRENT LIABILITIES 516,040 352,744 16,814
DEFERRED CREDITS:
DEFERRED INVESTMENT TAX CREDITS 84,100 75,073 7,583
DEFERRED INCOME TAXES 577,509 522,570 42,838
RESERVE FOR NUCLEAR PLANT DECOMMISSIONING 42,194 42,194
OTHER 205,406 183,081 7,734
TOTAL DEFERRED CREDITS 909,209 822,918 58,155
TOTAL 4,759,346 3,868,781 196,676
13
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(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 202,101
TRANSIT
COMMON
TOTAL 202,101
LESS ACCUMULATED DEPRECIATION AND AMORTIZATION 89,477
TOTAL 112,624
CONSTRUCTION WORK IN PROGRESS 16,326
NUCLEAR FUEL, NET OF ACCUMULATED AMORTIZATION 41,006
ACQUISITION ADJUSTMENT - GAS, NET OF ACCUM AMORT 25,175
UTILITY PLANT, NET 41,006 154,125
OTHER PROPERTY AND INVESTMENTS:
NONUTILITY PROPERTY, NET OF ACCUM DEPRECIATION 23,691
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 2 150
TOTAL OTHER PROPERTY & INVESTMENTS 2 23,841
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 821 506
RECEIVABLES - CUSTOMER AND OTHER 85 20,342 6,264
RECEIVABLES - ASSOCIATED COMPANIES 22,927 13
INVENTORIES (AT AVERAGE COST):
FUEL 29,818 23,086
MATERIALS & SUPPLIES 308
PREPAYMENTS 353 1,379 385
DEFERRED INCOME TAXES 3
TOTAL CURRENT ASSETS 30,256 68,866 7,168
DEFERRED DEBITS:
EMISSION ALLOWANCES 30,457
ENVIRONMENTAL
NUCLEAR PLANT DECOMMISSIONING FUND
PENSION ASSET
OTHER 4,692 2,087
TOTAL DEFERRED DEBITS 30,457 4,692 2,087
TOTAL 101,719 227,685 33,096
14
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SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(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 96,545 13,925
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 1 96,545 13,925
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 66,141 45,000 16,754
TOTAL CAPITALIZATION 66,142 141,545 30,679
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 10,986
CURRENT PORTION OF LONG-TERM DEBT 1,250
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 26,059 43,125 (60)
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 11,698 742 1,142
CUSTOMER DEPOSITS 45
TAXES ACCRUED (1,361) 4,032 271
INTEREST ACCRUED 850
DIVIDENDS DECLARED 1,800
OTHER 5 457 81
TOTAL CURRENT LIABILITIES 36,401 63,287 1,434
DEFERRED CREDITS:
DEFERRED INVESTMENT TAX CREDITS 1,444
DEFERRED INCOME TAXES (825) 14,440
RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 1 6,969 983
TOTAL DEFERRED CREDITS (824) 22,853 983
TOTAL 101,719 227,685 33,096
15
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA PRIMESOUTH, INC. SCANA ENERGY
COMMUNICATIONS, INC. CONSOLIDATED 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 22,017 42 5,512
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 172,190 395
TOTAL OTHER PROPERTY & INVESTMENTS 194,207 437 5,512
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 681 861
RECEIVABLES - CUSTOMER AND OTHER 968 607 29,225
RECEIVABLES - ASSOCIATED COMPANIES 27 383 556
INVENTORIES (AT AVERAGE COST):
FUEL 1
MATERIALS & SUPPLIES 305 15
PREPAYMENTS 300 968 208
DEFERRED INCOME TAXES 1 123 121
TOTAL CURRENT ASSETS 2,282 2,942 30,126
DEFERRED DEBITS:
EMISSION ALLOWANCES
ENVIRONMENTAL
NUCLEAR PLANT DECOMMISSIONING FUND
PENSION ASSET
OTHER 552 (20) 273
TOTAL DEFERRED DEBITS 552 (20) 273
TOTAL 197,041 3,359 35,911
16
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA PRIMESOUTH, INC. SCANA ENERGY
COMMUNICATIONS, INC. CONSOLIDATED MARKETING, INC.
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY 63,684 2,408 5,832
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 63,684 2,408 5,832
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 372
TOTAL CAPITALIZATION 63,684 2,780 5,832
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 234 23 21,646
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 127,436 158 8,084
CUSTOMER DEPOSITS
TAXES ACCRUED (2,468) 56 (709)
INTEREST ACCRUED 1
DIVIDENDS DECLARED
OTHER 230 417 11
TOTAL CURRENT LIABILITIES 125,432 655 29,032
DEFERRED CREDITS:
DEFERRED INVESTMENT TAX CREDITS
DEFERRED INCOME TAXES 7,078 (172) 8
RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 847 96 1,039
TOTAL DEFERRED CREDITS 7,925 (76) 1,047
TOTAL 197,041 3,359 35,911
17
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA SCANA SUBURBAN PROPANE
RESOURCES, INC. PETROLEUM GROUP, INC.
CONSOLIDATED RESOURCES, INC. CONSOLIDATED
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 356 75,010 15,486
INVESTMENTS IN SUBSIDIARIES:
SECURITIES
ADVANCES
INVESTMENTS 3,422 10,855
TOTAL OTHER PROPERTY & INVESTMENTS 3,778 75,010 26,341
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 285 1,047 2,334
RECEIVABLES - CUSTOMER AND OTHER 914 2,526 3,650
RECEIVABLES - ASSOCIATED COMPANIES 7,477 45
INVENTORIES (AT AVERAGE COST):
FUEL 4,090
MATERIALS & SUPPLIES 552 232 1,017
PREPAYMENTS 38 205 196
DEFERRED INCOME TAXES 205
TOTAL CURRENT ASSETS 1,789 11,487 11,537
DEFERRED DEBITS:
EMISSION ALLOWANCES
ENVIRONMENTAL
NUCLEAR PLANT DECOMMISSIONING FUND
PENSION ASSET
OTHER 52 (25) 185
TOTAL DEFERRED DEBITS 52 (25) 185
TOTAL 5,619 86,472 38,063
18
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C>
SCANA SCANA SUBURBAN PROPANE
RESOURCES, INC. PETROLEUM GROUP, INC.
CONSOLIDATED RESOURCES, INC. CONSOLIDATED
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY 733 38,640 26,475
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT 733 38,640 26,475
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 927 35,431 3,964
TOTAL CAPITALIZATION 1,660 74,071 30,439
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS
CURRENT PORTION OF LONG-TERM DEBT 3,515
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 313 15,199 1,682
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 44 2,626 51
CUSTOMER DEPOSITS 1,133
TAXES ACCRUED 13 1,907 612
INTEREST ACCRUED
DIVIDENDS DECLARED 900
DEFERRED INCOME TAXES
OTHER 71 779
TOTAL CURRENT LIABILITIES 3,956 20,632 4,257
DEFERRED CREDITS:
DEFERRED INVESTMENT TAX CREDITS
DEFERRED INCOME TAXES 3 (8,451) 3,367
RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 220
TOTAL DEFERRED CREDITS 3 (8,231) 3,367
TOTAL 5,619 86,472 38,063
19
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <S> <C> <C> <C>
SCANA PROPANE SCANA
SERVICECARE, INC. SERVICES, 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 220 3,630 1,711
INVESTMENTS IN SUBSIDIARIES:
SECURITIES 1,689,987 (1,689,987)
ADVANCES 199,444 (199,444)
INVESTMENTS (970)
TOTAL OTHER PROPERTY & INVESTMENTS 220 3,630 1,890,172 (1,889,431)
CURRENT ASSETS:
CASH AND TEMPORARY CASH INVESTMENTS 390 5,025
RECEIVABLES - CUSTOMER AND OTHER 612 528 3,276 (211)
RECEIVABLES - ASSOCIATED COMPANIES 1 59,754 (112,494)
INVENTORIES (AT AVERAGE COST):
FUEL 559
MATERIALS & SUPPLIES 125
PREPAYMENTS 201 12
DEFERRED INCOME TAXES 7 291
TOTAL CURRENT ASSETS 1,329 1,106 68,346 (112,705)
DEFERRED DEBITS:
EMISSION ALLOWANCES
ENVIRONMENTAL 632
NUCLEAR PLANT DECOMMISSIONING FUND
PENSION ASSET
OTHER 155 20 2,082
TOTAL DEFERRED DEBITS 155 20 2,082
TOTAL 1,704 4,756 1,960,600 (2,002,136)
20
<PAGE>
SCANA CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1996
(THOUSANDS OF DOLLARS)
<S> <C> <C> <C> <C>
SCANA PROPANE SCANA
SERVICECARE, INC. SERVICES, INC. CORPORATION ELIMINATIONS
CAPITALIZATION & LIABILITIES
STOCKHOLDERS' INVESTMENT:
COMMON EQUITY (1,568) 294 1,683,448 (1,689,987)
PREFERRED STOCK (NOT SUBJECT TO PURCHASE OR
SINKING FUNDS)
TOTAL STOCKHOLDERS' INVESTMENT (1,568) 294 1,683,448 (1,689,987)
PREFERRED STOCK (SUBJ TO PURCHASE OR SINKING FUNDS)
LONG-TERM DEBT, NET 3,349 192,400 (85,497)
TOTAL CAPITALIZATION (1,568) 3,643 1,875,848 (1,775,484)
CURRENT LIABILITIES:
SHORT-TERM BORROWINGS 43,613
CURRENT PORTION OF LONG-TERM DEBT
CURRENT PORTION OF PREFERRED STOCK
ACCOUNTS PAYABLE 112 157 2,156
ACCOUNTS PAYABLE - ASSOCIATED COMPANIES 3,195 553 (188,374)
CUSTOMER DEPOSITS
TAXES ACCRUED (173) 512 (4,527)
INTEREST ACCRUED 2,949 (78)
DIVIDENDS DECLARED 39,401 (38,200)
OTHER 47 24 29
TOTAL CURRENT LIABILITIES 3,181 1,246 83,621 (226,652)
DEFERRED CREDITS:
DEFERRED INVESTMENT TAX CREDITS
DEFERRED INCOME TAXES (133) (3,214)
RESERVE FOR NUCLEAR PLANT DECOMMISSIONING
OTHER 91 4,345
TOTAL DEFERRED CREDITS 91 (133) 1,131
TOTAL 1,704 4,756 1,960,600 (2,002,136)
</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, 1997.
SCANA CORPORATION
(Name of Claimant)
BY: s/K. B. Marsh
(K. B. Marsh, Vice President-Finance, Chief
Financial Officer and Controller
CORPORATE SEAL
Attest:
s/H. Thomas Arthur
(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:
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, 1996 AND THE CONSOLIDATED
STATEMENTS OF INCOME AND RETAINED EARNINGS FOR THE TWELVE MONTHS ENDED DECEMBER
31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 4,759,346
<TOTAL-OPERATING-REVENUES> 1,512,831
<NET-INCOME> 215,286
</TABLE>
