SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
FORM U-6B-2
Certificate of Notification
Filed by a registered
holding company or
subsidiary thereof
pursuant to Rule
20(d) adopted under
the Public Utility
Holding Company Act
of 1935.
SOUTH CAROLINA ELECTRIC & GAS COMPANY
(the Company)
This certificate is notice that the above named company has issued,
renewed or guaranteed the security or securities described herein which issue,
renewal or guaranty was exempted from the provisions of Section 6(a) of the Act
and was neither the subject of a declaration or application on Form U-1 nor
included within the exemption provided by Rule 48.
1. Type of security or securities.
First Mortgage Bonds (the Bonds)
2. Issue, renewal or guaranty.
Issue
3. Principal amount of each security.
$200,000,000 in aggregate principal amount
4. Rate of interest per annum of each security.
5.80%
5. Date of issue, renewal or guaranty of each security.
January 23, 2003
6. If renewal of security, give date of original issue.
Not Applicable
7. Date of maturity of each security.
January 15, 2033
8. Name of persons to whom each security was issued, renewed or guaranteed.
The Bonds were issued to Morgan Stanley & Co, Incorporated, Wachovia
Securities, Inc. and BNY Capital Markets, Inc. as representatives of
the underwriters (the Underwriters) named in, and pursuant to, the
Underwriting Agreement dated January 15, 2003. The Underwriters then
sold the Bonds to the public.
9. Collateral given with each security, if any.
The Bonds are secured primarily by (1) a like principal amount of
non-interest bearing first and refunding mortgage bonds (the Class A
Bonds) issued pursuant to the Indenture dated as of January 1, 1945
(the Class A Indenture), between the Company and JPMorgan Chase
Bank, and (2) the lien of the Indenture dated April 1, 1993 (the New
Indenture), between the Company and The Bank of New York. The Class
A Bonds are secured by a lien upon substantially all of the fixed
property and franchises used or useful in the Company's public
utility businesses (except cash, securities, contracts and accounts
receivable, materials and supplies, natural gas, oil, certain
minerals and mineral rights and certain other assets) now owned by
the Company, with certain exceptions, and the bonds issued under the
New Indenture (including the Bonds) are secured by a lien upon
substantially all of the properties of the Company used in the
generation, transmission and distribution of electric energy,
together with any other property which the Company may elect to
subject to such lien. The lien of the New Indenture is junior to the
lien of the Class A Indenture.
10. Consideration received for each security.
The Bonds were sold to the Underwriters at 98.802% of the principal
amount thereof and to the public at 99.677% of the principal amount
thereof. The Company received aggregate proceeds before expenses of
$197,604.000.
11. Application of proceeds of each security.
The net proceeds from the sale of the Bonds will be used for the
repayment of short-term debt and for general corporate purposes.
12. Indicate by a check after the applicable statement below whether the
issue, renewal or guaranty of each security was exempt from the
provisions of Section 6(a) because of:
a. the provisions contained in the first sentence of Section 6(b)
b. the provisions contained in the fourth sentence of Section6(b)
c. the provisions contained in any rule of the commission other than Rule 48 X
13. If the security or securities are exempt from the provisions of
Section 6(a) by virtue of the first sentence of Section 6(b), give
the figures which indicate that the security or securities aggregate
(together with all other than outstanding notes and drafts of a
maturity of nine or less, exclusive of days of grace, as to which
such company is primarily or secondarily liable) not more than five
percentum of the principal amount and par value of the other
securities of such company then outstanding.
Not applicable
14. If the security or securities are exempt from the provisions of
Section 6(a) because of the fourth sentence of Section 6(b), name
the security outstanding on January 1, 1935, pursuant to the terms
of which the security or securities herein described have been
issued.
Not applicable
15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than Rule
48 designate the rule under which exemption is claimed.
Rule 52
South Carolina Electric & Gas Company
By: /s James E. Swan, IV
-----------------------------------
James E. Swan, IV
Controller
Dated: January 31, 2003