UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
In the Matter of SCANA Corporation CERTIFICATE PURSUANT TO RULE
(File No. 70-9533) 24 UNDER THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935
This Certificate of Notification is filed by SCANA, a South Carolina
corporation, pursuant to Rule 24 (17 C.F.R. S250.24). Such filing is made in
connection with SCANA's Form U-1 Application, as amended (the Application), and
authorized by the orders (the Orders) of the Securities and Exchange Commission
(the Commission) dated February 14, 2000, January 31, 2001 and December 19,
2001, in the above-referenced file. The Orders directed that SCANA file with the
Commission quarterly certificates pursuant to Rule 24 within 60 days after each
calendar quarter. This certificate reports transactions from the period April 1,
2002 through June 30, 2002. Capitalized terms not otherwise defined herein have
the meaning ascribed in the Application.
1. SCANA Common Stock sold during the quarter:
None
2. SCANA Common Stock issued or issuable under options granted during the
quarter under employee benefit plans and dividend reinvestment plans:
4,178 shares of SCANA common stock were issued in conjunction with the
exercise of a like number of stock options which were exercised
pursuant to the SCANA Corporation Long-Term Equity Compensation Plan.
No Options to purchase shares of SCANA Common Stock were granted
pursuant to the SCANA Corporation Long-Term Equity Compensation Plan.
169,818 shares of SCANA common stock were purchased in the open market
and subsequently issued pursuant to the SCANA Investor Plus Plan and
321,397 shares of SCANA common stock were purchased in the open market
and subsequently issued pursuant to employee benefit plans.
3. SCANA Common Stock transferred to a seller of securities of a company
being acquired:
None
4. SCANA guarantees issued during the quarter:
SCANA issued a guarantee on June 25, 2002 to SCANA Services for the
U.S. Bank Visa Corporate Card Program. The guarantee
has no dollar limit and can be withdrawn by SCANA at any time.
SCANA guarantees the South Carolina Generating Company, Inc. 7.78%
Senior Secured Notes due December 31, 2011. This guarantee was reported
in Release 35-27137 (February 14, 2000). This guarantee is valued at
$41.5 million. A $3.7 million payment is made annually to reduce these
Notes.
In aggregate, the guarantees issued and outstanding by SCANA do not
exceed $305 million as authorized in the Holding Company Act Release
35-27137 (February 14, 2000).
5. SCANA debt, Utility Subsidiary short-term debt and Public Service
Company of North Carolina, Incorporated long-term debt issued during
the quarter:
A. SCANA debt issuances:
None
There was no short-term indebtedness of SCANA outstanding at any
time during the period.
B. Utility Subsidiary short-term debt issuances:
South Carolina Electric & Gas Company:
SCE&G's existing 364-Day Revolving Credit Agreement expired on
June 18, 2002 and was replaced by a new 364-Day Revolving Credit
Agreement that will expire on June 17, 2003. The principal amount
of the credit agreement is $75 million in Promissory notes with
the following persons:
Bank of America, N. A. - $17.5 million
Wachovia Bank, National Association - $17.5 million
The Bank of New York - $15 million
Credit Suisse First Boston - $10 million
Sun Trust Bank - $10 million
KBC Bank N. V. - $5 million
The applicable interest rates ranging from .375% to 1.500% will
correspond to the Debt Rating of SCE&G.
Short-term debt in the form of commercial paper issued through
Lehman Brothers and Merrill Lynch, ranging in amount from $1.0
million to $29.1 million, at interest rates ranging from 1.77% to
1.85%.
The maximum amount of short-term indebtedness of South Carolina
Electric & Gas Company outstanding at any one time during the
period was $184.7 million.
Public Service Company of North Carolina, Incorporated:
There was no short-term indebtedness of Public Service Company of
North Carolina, Incorporated outstanding at any time during the
period.
South Carolina Generating Company, Inc.:
There was no short-term indebtedness of South Carolina Generating
Company, Inc. outstanding at any time during the period.
C. Public Service Company of North Carolina, Incorporated long-term debt
issuances:
None
6. Utility Subsidiary financings consummated during the quarter that are
not exempt under Rule 52:
See items 5B and 5C above.
7. Forms U-6B-2 filed with the Commission during the quarter:
SCANA Corporation Form U-6B-2 filed May 23, 2002
South Carolina Electric & Gas Company Form U-6B-2 filed June 28, 2002.
8. Consolidated and separate balance sheets as of the end of the quarter
for each company that engaged in jurisdictional financing transactions
during the quarter.
SCANA Consolidated Balance Sheet (Incorporated by reference to the
filing of SCANA Corporation on Form 10-Q for the period ended June 30,
2002).
South Carolina Electric & Gas Company Balance Sheet (Incorporated by
reference to the filing of South Carolina Electric & Gas Company on
Form 10-Q for the period ended June 30, 2002).
Public Service Company of North Carolina, Incorporated Balance Sheet
(Incorporated by reference to the filing of Public Service Company of
North Carolina, Incorporated on Form 10-Q for the period ended June 30,
2002).
South Carolina Generating Company, Inc. Balance Sheet (Not applicable).
9. Registration Statements filed with the Commission pursuant to the
Securities Act of 1933 during the quarter.
None
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act of 1935,
SCANA has duly caused this Certificate to be signed on its behalf by the
undersigned hereunto duly authorized.
SCANA Corporation
Registrant
by: s/James E. Swan, IV
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James E. Swan, IV
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(Name)
Controller
--------------------------------------
(Title)
Dated: August 23, 2002