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, 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 January 1, 2005 through March 31, 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 187,166 shares of SCANA common stock were exercised pursuant to the SCANA Corporation Long-Term Equity Compensation Plan, 150,296 shares of SCANA common stock were issued pursuant to the SCANA Investor Plus Plan, and 363,616 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 Coral Energy Resources, L. P. for SCANA Energy Marketing, Inc. (SEMI) in the amount of $10.0 million. SCANA issued a guarantee to BG LNG Services, LLC for South Carolina Pipeline Corporation (SCPC) in the amount of $2.0 million. SCANA issued a guarantee to Equitable Energy, LLC for SEMI in the amount of $5.0 million. SCANA issued a guarantee to Coral Energy Resources, L. P. for SCPC in the amount of $10.0 million. SCANA increased the guarantee amount on a previous guarantee issued to Louis Dreyfus Energy Services, L.P. for SEMI from $24.0 million to $35.0 million. SCANA issued a guarantee to Marathon Oil Company for SEMI in the amount of $5.0 million. SCANA increased the guarantee amount on a previous guarantee issued to Total Gas & Power North America, Inc. for SEMI and SCPC from $14.0 million to $16.0 million. SCANA issued a guarantee to Wachovia Bank, N. A. for SEMI in the amount of $10.0 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: A. 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 $1.0 million to $51.0 million, at interest rates ranging from 2.37% to 2.84%. The maximum amount of short-term indebtedness of South Carolina Electric & Gas Company outstanding at any time during the period was $275.8 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 $1.1 million to $14.0 million, at interest rates ranging from 2.45% to 2.78%. The maximum amount of short-term indebtedness of Public Service Company of North Carolina, Incorporated outstanding at any time during the period was $77.7 million. South Carolina Generating Company, Incorporated.: None B. Public Service Company of North Carolina, Incorporated long-term debt issuances not exempt under Rule 52: None C. South Carolina Generating Company, Inc. long-term debt issuances not exempt under Rule 52: None D. SCANA debt issuances: SCANA issued $100 million in senior unsecured floating rate medium-term notes maturing in March 2008. The interest rate on the floating rate notes is reset quarterly based on three-month LIBOR plus 15 basis points. The underwriters are the following persons: UBS Investment Bank - $28.0 million Banc of America Securities LLC - $28.0 million Wachovia Securities - $28.0 million BB&T Corporation - $16.0 million SCANA together with SCE&G replaced its existing $35 million uncommitted credit facility agreement with an amended and restated $35 million uncommitted credit facility with KBC Bank N.V. E. 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 Form U-6B-2 filed March 18, 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, Incorporated 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: N/A 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: May 13, 2005 EXHIBITS A-1 Balance Sheet for SCANA Corporation as of March 31, 2005 (Filed herewith) A-2 Balance Sheet for South Carolina Electric & Gas Company as of March 31, 2005 (Filed herewith) A-3 Balance Sheet for Public Service Company of North Carolina, Incorporated as of March 31, 2005 (Filed herewith) A-4 Balance Sheet for South Carolina Generating Company, Incorporated as of March 31, 2005 (Filed herewith) B Capital Structures of SCANA and each Utility Subsidiary (Filed herewith) C-1 Nonutility Money Pool Activity for the quarter ended March 31, 2005 C-2 Utility Money Pool Activity for the quarter ended March 31, 2005 Exhibit A-1 SCANA CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ------------------------------------------------------------------------------- March 31, Millions of dollars 2005 ------------------------------------------------------------------------------- Assets Utility Plant In Service $8,691 Accumulated depreciation and amortization (2,525) ------------------------------------------------------------------------------- 6,166 Construction work in progress 174 Nuclear fuel, net of accumulated amortization 36 Acquisition adjustments 230 ------------------------------------------------------------------------------- Utility Plant, Net 6,606 ------------------------------------------------------------------------------- Nonutility Property and Investments: Nonutility property, net of accumulated depreciation of $54 103 Assets held in trust, net - nuclear decommissioning 50 Investments 63 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Nonutility Property and Investments, Net 216 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Current Assets: Cash and cash equivalents 329 Receivables, net of allowance for uncollectible accounts of $26 691 Receivables - affiliated companies 17 Inventories (at average cost): Fuel 121 Materials and supplies 74 Emission allowances 21 Prepayments and other 30 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Total Current Assets 1,283 ------------------------------------------------------------------------------- Deferred Debits: Environmental 17 Pension asset, net 290 Other regulatory assets 371 Other 160 ------------------------------------------------------------------------------- Total Deferred Debits 838 ------------------------------------------------------------------------------- Total $8,943 =============================================================================== ------------------------------------------------------------------------------- March 31, Millions of dollars 2005 ------------------------------------------------------------------------------- Capitalization and Liabilities Shareholders' Investment: Common equity $2,541 Preferred stock (Not subject to purchase or sinking funds) 106 ------------------------------------------------------------------------------- Total Shareholders' Investment 2,647 Preferred Stock, net (Subject to purchase or sinking funds) 9 Long-Term Debt, net 3,073 ------------------------------------------------------------------------------- Total Capitalization 5,729 ------------------------------------------------------------------------------- Current Liabilities: Short-term borrowings 185 Current portion of long-term debt 504 Accounts payable 260 Accounts payable - affiliated companies 17 Customer deposits 51 Taxes accrued 64 Interest accrued 56 Dividends declared 46 Other 81 ------------------------------------------------------------------------------- Total Current Liabilities 1,264 ------------------------------------------------------------------------------- Deferred Credits: Deferred income taxes, net 848 Deferred investment tax credits 120 Asset retirement obligation - nuclear plant 126 Other asset retirement obligations 458 Postretirement benefits 144 Other regulatory liabilities 129 Other 125 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Total Deferred Credits 1,950 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Commitments and Contingencies - ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Total $8,943 =============================================================================== Exhibit A-2 SOUTH CAROLINA ELECTRIC & GAS COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ------------------------------------------------------------------------------- March 31, Millions of dollars 2005 ------------------------------------------------------------------------------- Assets Utility Plant In Service $7,412 Accumulated depreciation and amortization (2,138) ------------------------------------------------------------------------------- 5,274 Construction work in progress 157 Nuclear fuel, net of accumulated amortization 36 ------------------------------------------------------------------------------- Utility Plant, Net 5,467 ------------------------------------------------------------------------------- Nonutility Property and Investments: Nonutility property, net of accumulated depreciation of $2 26 Assets held in trust, net - nuclear decommissioning 50 Investments 6 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Nonutility Property and Investments, Net 82 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Current Assets: Cash and cash equivalents 17 Receivables, net of allowance for uncollected accounts of $1 264 Receivables - affiliated companies 21 Inventories (at average cost): Fuel 60 Materials and supplies 67 Emission allowances 21 Prepayments 40 ------------------------------------------------------------------------------- Total Current Assets 490 ------------------------------------------------------------------------------- Deferred Debits: Environmental 9 Pension asset, net 290 Due from affiliates - pension and postretirement benefits 23 Other regulatory assets 361 Other 135 ------------------------------------------------------------------------------- Total Deferred Debits 818 ------------------------------------------------------------------------------- Total $6,857 =============================================================================== ------------------------------------------------------------------------------- March 31, Millions of dollars 2005 ------------------------------------------------------------------------------- Capitalization and Liabilities Shareholders' Investment: Common equity $2,201 Preferred stock (Not subject to purchase or sinking funds) 106 ------------------------------------------------------------------------------- Total Shareholders' Investment 2,307 Preferred Stock, net (Subject to purchase or sinking funds) 9 Long-Term Debt, net 1,976 ------------------------------------------------------------------------------- Total Capitalization 4,292 ------------------------------------------------------------------------------- Minority Interest 80 ------------------------------------------------------------------------------- Current Liabilities: Short-term borrowings 183 Current portion of long-term debt 298 Accounts payable 77 Accounts payable - affiliated companies 99 Customer deposits 27 Taxes accrued 30 Interest accrued 37 Dividends declared 40 Other 40 ------------------------------------------------------------------------------- Total Current Liabilities 831 ------------------------------------------------------------------------------- Deferred Credits: Deferred income taxes, net 712 Deferred investment tax credits 118 Asset retirement obligation - nuclear plant 126 Other asset retirement obligations 369 Due to affiliates - pension and postretirement benefits 13 Postretirement benefits 144 Other regulatory liabilities 109 Other 63 ------------------------------------------------------------------------------- Total Deferred Credits 1,654 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Commitments and Contingencies - ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Total $6,857 =============================================================================== Exhibit A-3 PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) -------------------------------------------------------------------------------- March 31, Millions of dollars 2005 -------------------------------------------------------------------------------- Assets Gas Utility Plant $958 Accumulated depreciation (268) Acquisition adjustment 210 -------------------------------------------------------------------------------- Gas Utility Plant, Net 900 -------------------------------------------------------------------------------- Nonutility Property and Investments, Net 27 -------------------------------------------------------------------------------- Current Assets: Cash and cash equivalents 18 Restricted cash and temporary investments - Receivables, net of allowance for uncollectible accounts of $3 124 Receivables-affiliated companies 10 Inventories (at average cost): Stored gas 29 Materials and supplies 6 Prepayments 1 Deferred income taxes, net 4 Other 1 -------------------------------------------------------------------------------- Total Current Assets 193 -------------------------------------------------------------------------------- Deferred Debits: Due from affiliate-pension asset 12 Regulatory assets 10 Other 6 -------------------------------------------------------------------------------- Total Deferred Debits 28 -------------------------------------------------------------------------------- Total $1,148 ================================================================================ ------------------------------------------------------------------------------ March 31, Millions of dollars 2005 ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ Capitalization and Liabilities Capitalization: Common equity $534 Long-term debt, net 273 ------------------------------------------------------------------------------ Total Capitalization 807 ------------------------------------------------------------------------------ Current Liabilities: Short-term borrowings 3 Current portion of long-term debt 3 Accounts payable 47 Accounts payable-affiliated companies 4 Customer deposits 9 Taxes accrued 18 Interest accrued 4 Distributions/dividends declared 4 Other 6 ------------------------------------------------------------------------------ Total Current Liabilities 98 ------------------------------------------------------------------------------ Deferred Credits: Deferred income taxes, net 105 Deferred investment tax credits 1 Due to affiliate-postretirement benefits 19 Other regulatory liabilities 19 Asset retirement obligations 86 Other 13 ------------------------------------------------------------------------------ Total Deferred Credits 243 ------------------------------------------------------------------------------ Commitments and Contingencies - ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ Total $1,148 ============================================================================== Exhibit A-4 SOUTH CAROLINA GENERATING COMPANY, INCORPORATED CONDENSED BALANCE SHEET (Unaudited) ------------------------------------------------------------------------------ March 31, Millions of dollars 2005 ------------------------------------------------------------------------------ Assets Utility Plant In Service $394 Accumulated depreciation and amortization (129) ------------------------------------------------------------------------------ 265 Construction work in progress 1 ------------------------------------------------------------------------------ Utility Plant, Net 266 ------------------------------------------------------------------------------ Current Assets: Cash and cash equivalents 6 Receivables - affiliated companies 18 Inventories (at average cost): Fuel 16 Materials and supplies 2 Prepayments 4 ------------------------------------------------------------------------------ Total Current Assets 46 ------------------------------------------------------------------------------ Deferred Debits: Other regulatory assets 10 Other 2 ------------------------------------------------------------------------------ Total Deferred Debits 12 ------------------------------------------------------------------------------ Total $324 ============================================================================== ------------------------------------------------------------------------ March 31, Millions of dollars 2005 ------------------------------------------------------------------------ Capitalization and Liabilities Shareholders' Investment: Common equity $80 Long-Term Debt, net 16 ------------------------------------------------------------------------ Total Capitalization 242 ------------------------------------------------------------------------ Current Liabilities: Current portion of long-term debt 4 Accounts payable 9 Taxes accrued 2 Interest accrued 2 Dividends declared 1 ------------------------------------------------------------------------ Total Current Liabilities 18 ------------------------------------------------------------------------ Deferred Credits: Deferred income taxes, net 56 Deferred investment tax credits 5 Other regulatory liabilities 3 ------------------------------------------------------------------------ Total Deferred Credits 64 ------------------------------------------------------------------------ ------------------------------------------------------------------------ Commitments and Contingencies - ------------------------------------------------------------------------ ------------------------------------------------------------------------ Total $324 ======================================================================== Exhibit B SCANA Corporation Consolidated Capital Structure March 31, 2005 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 2,541 39.6% Preferred stock $ 115 1.8% Debt (long and short-term) $ 3,762 58.6% ------------------------------------- Total $ 6,418 100.0% ===================================== South Carolina Electric & Gas Company Consolidated Capital Structure March 31, 2005 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 2,201 46.1% Preferred stock $ 115 2.4% Debt (long and short-term) $ 2,457 51.5% --------------- -------------------- --------------- -------------------- Total $ 4,773 100.0% =============== ==================== Public Service Company of North Carolina, Incorporated Consolidated Capital Structure March 31, 2005 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 534 65.7% Debt (long and short-term) $ 279 34.3% ------------------------------ Total $ 813 100.0% ============================== South Carolina Generating Company, Incorporated Capital Structure March 31, 2005 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 80 32.5% Debt (long and short-term) $ 166 67.5% ------------------------------------- Total $ 246 100.0% ===================================== Exhibit C-1 Nonutility Money Pool Activity For the quarter ended March 31, 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. - - 1,400,000 400,000 South Carolina Pipeline Corporation 20,400,000 23,600,000 161,900,000 153,900,000 SCANA Energy Marketing, Inc. 282,527,000 334,996,000 111,900,000 111,900,000 SCANA Services, Inc. 114,800,000 145,000,000 - - SCG Pipeline, Inc. - - 1,000,000 1,000,000 (1) Due on demand (2) Interest rate at end of quarter: 5.289% Exhibit C-2 Utility Money Pool Activity For the quarter ended March 31, 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. 3,500,000 5,500,000 3,500,000 - (1) Due on demand (2) Interest rate at end of quarter: 2.84%