UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58 OF THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935.
For the quarterly period ended June 30, 2000
SCANA Corporation
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(Name of registered holding company)
1426 Main Street, Columbia, South Carolina 29201
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(Address of principal executive offices)
Table of Contents
Item
No. Title Page
------------ -------------------------------------------------- ------------
1 Organization Chart 2
2 Issuances and Renewals of
Securities and Capital Contributions 2
3 Associate Transactions 3
4 Summary of Aggregate Investment 4
5 Other Investments 5
6 Financial Statements and Exhibits 5
<PAGE>
<TABLE>
ITEM 1 - ORGANIZATION CHART
Name Energy Percentage
of or Date State of Voting
Reporting Gas - related of of Securities Nature of
Company Company Organization Organization Held Business
SCANA Resources, Inc. (a)
<S> <C> <C>
Solo Energy Corporation (new) Energy January 6, 1997 Delaware 31% (b) provide long-term energy
service contracts from use
of micro turbines
South Carolina Electric &Gas Company (a)
<S> <C> <C> <C>
SC Coaltech No. 1 LP (new) Energy April 7, 2000 Delaware 40% production and sale of
synthetic fuel
</TABLE>
(a) These SCANA Corporation system companies are not reporting companies but
they are included herein because they hold securities directly in the
energy-related companies set below their names.
(b) Solo Energy Corporation's certificate of incorporation limits SCANA
Corporation and its wholly owned subsidiaries to an aggregate power to
vote of 18% of total number of votes entitled to be cast on matters not
requiring separate voting by the holders of Series B Preferred Stock.
ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
<TABLE>
Principal Issue Collateral Consideration
Amount of or Cost of Person to Whomy Given with for Each
Company Security
Issuing Security Type of Security Issued Security Renewal Capital was Issued Security Security
----------------- ----------------------- -------- ------- ------- ------ -------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
Solo Energy Series B Preferred Stock 7 million shares Issue $6,300,000 SCANA Resources, Inc. None $0.90(1)
Corporation plus warrants to
purchase up to 5
million additional
shares
Company Contributing Capital Company Receiving Capital Amount of Capital Contribution
<S> <C> <C>
South Carolina Electric & Gas Company SC Coaltech No. l LP $3,780,000
</TABLE>
(1) The shares were purchased for cash at $.90 per share, and the warrants were
issued in consideration of services to be performed by SCANA Resources, Inc., or
its affiliates. The warrants are currently exercisable with respect to 1,665,000
shares and may become exercisable with respect to the remaining 3,335,000 shares
as services are performed.
2
<PAGE>
ITEM 3 - ASSOCIATE TRANSACTIONS
PART I - Transactions Performed by Reporting Companies on Behalf of Associate
Companies
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
Reporting Company Associate Company Types of Services Direct Costs Indirect Cost of Total Amount
Rendering Services Receiving Services Rendered Charged Costs Charged Capital Billed
------------------ ------------------ -------- ------- ------------- ------- ------
None
PART II - Transactions Performed by Associate Companies on Behalf of Reporting
Companies
<S> <C> <C> <C> <C> <C> <C>
Associate Company Reporting Company Type of Services Direct Costs Indirect Cost of Total Amount
Rendering Services Receiving Services Rendered Charged Costs Charged Capital Billed
------------------ ------------------ -------- ------- ------------- ------- ------
South Carolina Electric SC Coaltech No.1 LP Fuel handling $3,210 - - $3,210 (1)
& Gas Company
(1) accrued but unbilled as of June 30, 2000
</TABLE>
3
<PAGE>
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
(Dollars in Thousands)
Investments in energy-related companies:
Total consolidated capitalization as of June 30, 2000 $5,309,968(A) Line 1
Total capitalization multiplied by 15%
(line1 multiplied by 0.15) 796,495 Line 2
Greater of $50 million or line 2 $796,495 Line 3
Total current aggregate investment:
(categorized by major line of energy-related business)
Energy-related business category 1 -
Energy-related business category 2 -
Energy-related business category 3 -
Energy-related business category 4 $6,300
Energy-related business category 5 -
Energy-related business category 6 3,780
Energy-related business category 7 -
Energy-related business category 8 -
Energy-related business category 9 -
Energy-related business category 10 -
Total current aggregate investment $10,080 Line 4
Difference between the greater of $50 million or 15% of capitalization
and the total aggregate investment of the registered holding company
system (line 3 less line 4) $786,415 Line 5
Investments in gas-related companies:
Total current aggregate investment:
(categorized by major line of gas-related business)
Gas-related business category 1 -
Gas-related business category 2 -
Total current aggregate investment -
(A) Includes common equity, preferred stock and manditorily redeemable preferred
securities, long-term debt and current maturities and short-term borrowings.
4
<PAGE>
ITEM 5 - OTHER INVESTMENTS
(Dollars in Thousands)
Major line of Other investment Other investment Reason for
energy-related in last in this difference in
related business U-9C-3 report U-9C-3 report Other Investment
None*
*As specifically authorized by the Securities and Exchange Commission in Public
Utility Holding Company Act Release No. 27133 (February 9, 2000), SCANA
Corporation currently retains certain interests in specific non-utility
subsidiaries that are engaged in energy-related types of business as described
in Rule 58 of the Public Utility Holding Company Act of 1935.
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS
Exhibit A Solo Energy Corporation Balance Sheet as of June 30, 2000
Exhibit B Solo Energy Corporation Income Statement for the Period ended
June 30, 2000 Exhibit C SC Coaltech No. l LP Income Statement for the
Period ended June 30, 2000 (a)
(a) SC Coaltech No. 1 LP Balance Sheet as of June 30, 2000 not available.
5
<PAGE>
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act of 1935,
SCANA Corporation has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized on the day of .
SCANA Corporation
Registrant
by: s/Mark R. Cannon
Mark R. Cannon
(Name)
Controller
(Title)
August 25, 2000
(Date)
6
<PAGE>
Exhibit A
Solo Energy
Balance Sheet
As of June 30, 2000
(Dollars in Thousands)
(Unaudited)
ASSETS
Current Assets
Cash $5,750
Notes Receivable 191
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Total Current Assets 5,941
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Fixed Assets 300
Other Assets
Security Deposit 110
Prepaid rent 18
Capitalized Organization Expense 15
Intellectual Properties 428
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Total Other Assets 571
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TOTAL ASSETS $6,812
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LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable $ 535
Accrued Interest Payable 118
Notes Payable 86
Short Term Debt 296
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Total Current Liabilities 1,035
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Total Liabilities 1,035
Equity
Capital Stock 547
Preferred Stock
Total Preferred B 8,402
Total Preferred A 1,862
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Total Preferred Stock 10,264
Retained Earnings (2,320)
Net Income (2,714)
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Total Equity 5,777
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TOTAL LIABILITIES & EQUITY $6,812
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<PAGE>
Exhibit B
Solo Energy
Income Statement
As of June 30, 2000
(Dollars in Thousands)
(Unaudited)
Ordinary Income/Expense
Expense
Total Engineering 912
Total Marketing 5
G&A
Relocation 8
Rent/25 19
Amortization 2
Automobile Expense 2
Capitalized Equipment 208
Consultants 237
Dues and Subscriptions 9
Equipment Rental 13
Total Execustaff 861
Insurance 3
Legal and Accounting Fees 107
Meals 10
Office Supplies and Expenses 12
Outside Services 5
Postage and Delivery 8
Printing and Reproduction 8
Rent 38
Repairs 1
Taxes 1
Telephone 20
Travel 193
Utilities 2
G&A - Other 2
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Total G&A 1,769
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Total Expense 2,686
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Net Ordinary Income (2,686)
Other Income/Expense
Other Income
Interest Income 25
Other Income 5
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Total Other Income 30
Other Expense
Interest Expense 58
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Total Other Expense 58
Net Other Income (28)
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Net Income (2,714)
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<PAGE>
Exhibit C
South Carolina Coaltech No. 1 LP
Income Statement
April 7 to June 30, 2000
(Dollars in Thousands)
(Unaudited)
INCOME:
Synfuel Sales $2,893
Other Income -
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TOTAL INCOME 2,893
EXPENSES:
Depreciation 227
Raw Material (coal) 2,979
Operating Costs 489
Insurance 67
General Partners Cost 60
One Time Expenses 3,201
Other Costs 240
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TOTAL EXPENSES 7,263
NET INCOME $(4,370)
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