Edgar Filing: SCANA CORP

september35cert

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

In the Matter of SCANA Corporation	CERTIFICATE PURSUANT TO RULE
(File No. 70-10087)	24 UNDER THE PUBLIC UTILITY
	HOLDING COMPANY ACT OF 1935

This Certificate of Notification is filed by SCANA Corporation (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 order (the Order) of the Securities and Exchange Commission (the Commission) dated February 12, 2003, in the above-referenced file. The Order 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 July 1, 2005 through September 30, 2005. 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:

Options to purchase 12,211 shares of SCANA common stock were exercised pursuant to the SCANA Corporation Long-Term Equity Compensation Plan, 134,348 shares of SCANA common stock were issued pursuant to the SCANA Investor Plus Plan, and 298,066 shares of SCANA common stock were 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:

The guarantees below remain in effect until the earlier of contract fulfillment or termination by SCANA. With respect to transactions originating prior to the date of termination, the guarantee remains in effect until the underlying obligations are satisfied. The guarantees are issued in order to facilitate the energy purchasing activities of SCANA and its subsidiaries.

SCANA issued a guarantee to Atmos Energy Marketing, LLC for SCANA Energy Marketing, Inc. (SEMI) in the amount of $5.0 million.

SCANA increased the guarantee amount on a previous guarantee issued to Chevron Natural Gas for SEMI from $7.0 million to $10.0 million.

SCANA issued a guarantee to Constellation Energy Commodities Group, Inc. for SEMI in the amount of $4.0 million.

SCANA issued a guarantee to Cook Inlet Energy Supply L.L.C. for SEMI in the amount of $7.0 million.

SCANA issued a guarantee to National Energy & Trade, L.P. for SEMI in the amount of $10.0 million.

SCANA increased the guarantee amount on a previous guarantee issued to NJR Energy Services Company for SEMI from $2.0 million to $4.0 million.

SCANA increased the guarantee amount on a previous guarantee issued to Progress Ventures, Inc. for SEMI from $1.5 million to $2.0 million.

SCANA issued a guarantee to Statoil Natural Gas, LLC for SEMI in the amount of $5.0 million.

SCANA issued a guarantee to Western Gas Resources, Inc. for SEMI in the amount of $5.0 million.

SCANA increased the guarantee amount on a previous guarantee issued to UBS AG for SEMI from $5.0 million to $10.0 million.

SCANA issued a guarantee to The Greenwood Commissioners of Public Works for SEMI in the amount of $4.0 million.

SCANA issued a guarantee to Constellation Energy Commodities Group, Inc. for South Carolina Pipeline Corporation (SCPC) in the amount of $7.0 million.

SCANA issued a guarantee to Louis Dreyfus Energy Services, L.P. for SCPC in the amount of $20.0 million.

SCANA increased the guarantee amount on a previous guarantee issued to Sequent Energy Management, L.P. for SCPC from $10.0 million to $13.5 million.

In aggregate, the exposure in regards to guarantees issued and outstanding by SCANA does not exceed $600 million as authorized in the Order.

5.	The amount and terms of any financings consummated by any utility or Intermediate Subsidiary, including short-term debt by SCANA and the issuance of any other securities during the quarter:

Utility Subsidiary short-term debt issuances:

See Exhibit C-2 for Utility Money Pool activity.

South Carolina Electric & Gas Company:

Short-term debt in the form of commercial paper issued through Lehman Brothers and Merrill Lynch, ranging in amount from $0.5 million to $83.3 million, at interest rates ranging from 3.32% to 3.85%.

The maximum amount of short-term indebtedness of South Carolina Electric & Gas Company outstanding at any time during the period was $350.0 million.

Public Service Company of North Carolina, Incorporated:

Short-term debt in the form of commercial paper issued through Lehman Brothers and Merrill Lynch, ranging in amount from $1.0 million to $8.1 million, at interest rates ranging from 3.74% to 3.90%.

The maximum amount of short-term indebtedness of Public Service Company of North Carolina, Incorporated outstanding at any time during the period was $22.9 million.

South Carolina Generating Company, Inc.:

None

Public Service Company of North Carolina, Incorporated long-term debt issuances not exempt under Rule 52:

None

South Carolina Generating Company, Inc. long-term debt issuances not exempt under Rule 52:

None

SCANA debt issuances:

SCANA’s 364-Day Revolving Credit Agreements expired or were terminated on September 27, 2005 and replaced by a new 364-Day Revolving Credit Agreement that will expire on September 26, 2006. The principal amount of the credit agreements is $50 million in Promissory Notes with Bank of America, N.A. and $50 million in Promissory Notes with UBS Loan Finance LLC. The applicable interest rates, ranging from LIBOR plus 0.35% to 1.12%, will be based upon the debt rating of SCANA.

Debt issuances by Intermediate Subsidiaries:

None

6.	Registration Statements filed with the Commission pursuant to the Securities Act of 1933 during the quarter:

None

7.	Nonutility subsidiary financings consummated during the quarter that are not exempt under Rule 52:

None

8.	Hedge Instruments or Anticipatory Hedges entered into during the quarter:

None

9.	Investments in Intermediate or Financing Subsidiaries during the quarter:

None

10.	Forms U-6B-2 filed with the Commission during the quarter:

South Carolina Electric & Gas Company filed two Forms U-6B-2 on July 11, 2005.

11.	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 (Exhibit A-1).

South Carolina Electric & Gas Company Balance Sheet (Exhibit A-2).

Public Service Company of North Carolina, Incorporated Balance Sheet (Exhibit A-3).

South Carolina Generating Company, Inc. Balance Sheet ( Exhibit A-4).

12.	Capital Structures of SCANA and each Utility Subsidiary:

See Exhibit Index

13.	Maximum borrowings from and loans to the Utility Money Pool and the Nonutility Money Pool and the interest rate applied during the quarter:

See Exhibit Index

14.	Dividends paid by Nonutility subsidiaries out of capital or unearned surplus:

None

15.	Development or Administrative activities conducted by SCANA and its subsidiaries during the quarter:

None

16.	Internal reorganization of subsidiaries during the quarter:

None

17.	Information related to the allocation of the holding company’s federal income tax liability:

See Exhibit Index

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

	James E. Swan, IV
	(Name)

	Controller
	(Title)
Dated: November 22, 2005

EXHIBITS

A-1	Balance Sheet for SCANA Corporation as of September 30, 2005 (Filed herewith)
A-2	Balance Sheet for South Carolina Electric & Gas Company as of September 30, 2005 (Filed herewith)
A-3	Balance Sheet for Public Service Company of North Carolina, Incorporated as of September 30, 2005 (Filed herewith)
A-4	Balance Sheet for South Carolina Generating Company, Inc. as of September 30, 2005 (Filed herewith)
B	Capital Structures of SCANA and each Utility Subsidiary (Filed herewith)
C-1	Nonutility Money Pool Activity for the quarter ended September 30, 2005 (Filed herewith)
C-2	Utility Money Pool Activity for the quarter ended September 30, 2005 (Filed herewith)
D	Calculation of the Holding Company’s loss attributable to interest expense on acquisition debt and the allocation of federal income tax liability to the members of the consolidated group (Filed herewith)

Exhibit A-1

SCANA CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEET

(Unaudited)

	September 30,
Millions of dollars	2005
Assets
Utility Plant In Service	$	8,854
Accumulated depreciation and amortization		(2,623	)
		6,231
Construction work in progress		171
Nuclear fuel, net of accumulated amortization		33
Acquisition adjustments		230
Utility Plant, Net		6,665

Nonutility Property and Investments:
Nonutility property, net of accumulated depreciation of $60		104
Assets held in trust, net - nuclear decommissioning		51
Investments		61
Nonutility Property and Investments, Net		216

Current Assets:
Cash and cash equivalents		171
Receivables, net of allowance for uncollectible accounts of $13		546
Receivables - affiliated companies		23
Inventories (at average cost):
Fuel		236
Materials and supplies		75
Emission allowances		55
Prepayments and other		72
Total Current Assets		1,178

Deferred Debits:
Environmental		25
Pension asset, net		299
Other regulatory assets		408
Other		167
Total Deferred Debits		899
Total	$	8,958

	September 30,
Millions of dollars	2005
Capitalization and Liabilities

Shareholders’ Investment:
Common equity	$	2,642
Preferred stock (Not subject to purchase or sinking funds)		106
Total Shareholders’ Investment		2,748
Preferred Stock, net (Subject to purchase or sinking funds)		8
Long-Term Debt, net		2,937
Total Capitalization		5,693

Current Liabilities:
Short-term borrowings		367
Current portion of long-term debt		184
Accounts payable		330
Accounts payable - affiliated companies		23
Customer deposits and customer prepayments		64
Taxes accrued		84
Interest accrued		49
Dividends declared		47
Other		106
Total Current Liabilities		1,254

Deferred Credits:
Deferred income taxes, net		888
Deferred investment tax credits		120
Asset retirement obligation - nuclear plant		130
Other asset retirement obligations		478
Postretirement benefits		146
Other regulatory liabilities		108
Other		141
Total Deferred Credits		2,011

Commitments and Contingencies		-
Total	$	8,958

Exhibit A-2

SOUTH CAROLINA ELECTRIC & GAS COMPANY

CONDENSED CONSOLIDATED BALANCE SHEET

(Unaudited)

	September 30,
Millions of dollars	2005
Assets
Utility Plant In Service	$	7,569
Accumulated depreciation and amortization		(2,223	)
		5,346
Construction work in progress		147
Nuclear fuel, net of accumulated amortization		33
Utility Plant, Net		5,526

Nonutility Property and Investments:
Nonutility property, net of accumulated depreciation		27
Assets held in trust, net - nuclear decommissioning		51
Investments		6
Nonutility Property and Investments, Net		84

Current Assets:
Cash and cash equivalents		14
Receivables, net of allowance for uncollected accounts of $2		334
Receivables - affiliated companies		35
Inventories (at average cost):
Fuel		54
Materials and supplies		69
Emission allowances		55
Prepayments and other		14
Total Current Assets		575

Deferred Debits:
Environmental		15
Pension asset, net		299
Due from affiliates - pension and postretirement benefits		23
Other regulatory assets		395
Other		139
Total Deferred Debits		871
Total	$	7,056

	September 30,
Millions of dollars	2005
Capitalization and Liabilities

Shareholders’ Investment:
Common equity	$	2,341
Preferred stock (Not subject to purchase or sinking funds)		106
Total Shareholders’ Investment		2,447
Preferred Stock, net (Subject to purchase or sinking funds)		8
Long-Term Debt, net		1,843
Total Capitalization		4,298

Minority Interest		82

Current Liabilities:
Short-term borrowings		350
Current portion of long-term debt		179
Accounts payable		97
Accounts payable - affiliated companies		95
Customer deposits and customer prepayments		33
Taxes accrued		108
Interest accrued		30
Dividends declared		40
Other		53
Total Current Liabilities		985

Deferred Credits:
Deferred income taxes, net		743
Deferred investment tax credits		119
Asset retirement obligation - nuclear plant		130
Other asset retirement obligations		385
Due to affiliates - pension and postretirement benefits		13
Postretirement benefits		146
Other regulatory liabilities		85
Other		70
Total Deferred Credits		1,691
Commitments and Contingencies		-
Total	$	7,056

Exhibit A-3

PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED

CONDENSED CONSOLIDATED BALANCE SHEET

(Unaudited)

	September 30,
Millions of dollars	2005
Assets
Gas Utility Plant	$	988
Accumulated depreciation		(280	)
Acquisition adjustment		210
Gas Utility Plant, Net		918
Nonutility Property and Investments, Net		27
Current Assets:
Cash and cash equivalents		2
Restricted cash and temporary investments		1
Receivables, net of allowance for uncollectible accounts of $1		37
Receivables-affiliated companies		3
Inventories (at average cost):
Stored gas		88
Materials and supplies		6
Prepayments		8
Derivative financial instruments		11
Deferred income taxes, net		2
Other		-
Total Current Assets		158
Deferred Debits:
Due from affiliate-pension asset		11
Regulatory assets		18
Other		3
Total Deferred Debits		32
Total	$	1,135

	September 30,
Millions of dollars	2005

Capitalization and Liabilities
Capitalization:
Common equity	$	522
Long-term debt, net		270
Total Capitalization		792
Current Liabilities:
Short-term borrowings		17
Current portion of long-term debt		3
Accounts payable		39
Accounts payable-affiliated companies		3
Customer deposits and customer prepayments		14
Taxes accrued		5
Interest accrued		4
Distributions/dividends declared		4
Other		4
Total Current Liabilities		93
Deferred Credits:
Deferred income taxes, net		107
Deferred investment tax credits		1
Due to affiliate-postretirement benefits		19
Other regulatory liabilities		21
Asset retirement obligations		89
Other		13
Total Deferred Credits		250
Commitments and Contingencies		-
Total	$	1,135

Exhibit A-4

SOUTH CAROLINA GENERATING COMPANY, INC.

CONDENSED BALANCE SHEET

(Unaudited)

	September 30,
Millions of dollars	2005
Assets
Utility Plant In Service	$	394
Accumulated depreciation and amortization		(134	)
		260
Construction work in progress		1
Utility Plant, Net		261

Current Assets:
Cash and cash equivalents		9
Receivables - affiliated companies		24
Inventories (at average cost):
Fuel		13
Materials and supplies		2
Prepayments		3
Total Current Assets		51

Deferred Debits:
Other regulatory assets		11
Other		1
Total Deferred Debits		12
Total	$	324

	September 30,
Millions of dollars	2005
Capitalization and Liabilities

Shareholders’ Investment:
Common equity	$	81
Long-Term Debt, net		162
Total Capitalization		243

Current Liabilities:
Current portion of long-term debt		4
Accounts payable		6
Taxes accrued		13
Interest accrued		2
Dividends declared		1
Total Current Liabilities		26

Deferred Credits:
Deferred income taxes, net		46
Deferred investment tax credits		5
Other regulatory liabilities		4
Total Deferred Credits		55
Commitments and Contingencies		-
Total	$	324

Exhibit B
SCANA Corporation
Consolidated Capital Structure
September 30, 2005
(Dollars in Millions)

			% of Total
	Actual		Capitalization

Common equity	$	2,642		42.3	%

Preferred stock	$	114		1.8	%

Debt (long and short-term)	$	3,488		55.9	%

Total	$	6,244		100.0	%

South Carolina Electric & Gas Company
Consolidated Capital Structure
September 30, 2005
(Dollars in Millions)

			% of Total
	Actual		Capitalization

Common equity	$	2,341		48.5	%

Preferred stock	$	114		2.4	%

Debt (long and short-term)	$	2,372		49.1	%

Total	$	4,827		100.0	%

Public Service Company of North Carolina, Incorporated
Consolidated Capital Structure
September 30, 2005
(Dollars in Millions)

			% of Total
	Actual		Capitalization

Common equity	$	522		64.3	%

Debt (long and short-term)	$	290		35.7	%

Total	$	812		100.0	%

South Carolina Generating Company, Inc.
Capital Structure
September 30, 2005
(Dollars in Millions)

			% of Total
	Actual		Capitalization

Common equity	$	81		32.8	%

Debt (long and short-term)	$	166		67.2	%

Total	$	247		100.0	%

					Exhibit C-1


	Nonutility Money Pool Activity
	For the quarter ended September 30, 2005

		Aggregate	Aggregate	Aggregate	Aggregate
		Borrowings	Receipts	Contributions	Withdrawals
Company Receiving Advances		During the Period ^{(1) (2)}	During the Period	During the Period ⁽²⁾	During the Period

ServiceCare, Inc.		-	-	2,400,000	1,250,000
South Carolina Pipeline Corporation		-	-	97,000,000	97,300,000
SCANA Energy Marketing, Inc.		140,690,000	135,486,000	192,280,000	190,630,000
SCANA Services, Inc.		105,000,000	105,100,000	-	-
SCG Pipeline, Inc.		-	-	2,000,000	700,000
SCANA Communications, Inc.		-	-	61,500,000	-

⁽¹⁾ Due on demand
⁽²⁾ Interest rate at end of quarter: 3.605%

					Exhibit C-2


	Utility Money Pool Activity
	For the quarter ended September 30, 2005

		Aggregate	Aggregate	Aggregate	Aggregate
		Borrowings	Receipts	Contributions	Withdrawals
Company Receiving Advances		During the Period ^{(1) (2)}	During the Period	During the Period ⁽²⁾	During the Period

South Carolina Generating Company, Inc.		-	-	1,500,000	-
South Carolina Electric & Gas Co.		71,900,000	81,400,000	-	-

⁽¹⁾Due on demand
⁽²⁾Interest rate at end of quarter: 3.560%

Exhibit D

(1) Calculation of the portion of the holding Company’s loss that is attributable to interest expense on acquisition debt and (2) the actual allocation of federal income tax liability to each of the members of the consolidated group.

1. Portion of SCANA’s loss (pre-tax) attributable to interest expense on acquisition debt for 2004:

Acquisition Debt	Interest		Interest
Outstanding	Rate		Expense

$150,000,000 ^(A)		1.95 % ^(A)	$	2,895,434
300,000,000		6.88 %		17,092,322
250,000,000		6.25 %		12,866,897
Total			$	32,854,653

^(A) Weighted average variable rate

2.	Allocation of 2004 federal income tax liability to each member of the consolidated group:

	Allocated
Company	Tax Liability

SCANA	$	(10,924,172	)
SCE&G		20,269,477
South Carolina Generating Company		2,096,079
South Carolina Fuel Company		2,579,760
South Carolina Pipeline Corporation		1,441,952
SCANA Communications SubConsolidated Group		1,807,697
SCANA Development		81,066
SCANA Energy Marketing, Inc.		12,418,968
Primesouth SubConsolidated Group		3,001,249
Public Service Company of North Carolina, Incorporated		4,587,974
ServiceCare		1,071,095
SCANA Resources		(22,048	)
SCG Pipeline		580,392
SCANA Services Company		(1,637,080	)
Total (per 2004 consolidated federal income tax return)	$	37,352,409