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.
Three-year Credit Agreement for a revolving credit facility (Agreement)
2. Issue, renewal or guaranty.
Issue
3. Principal amount of each security.
The principal amount of the security will vary over time as borrowings
are made but shall not exceed in the aggregate $75 million at any one
time outstanding.
4. Rate of interest per annum of each security.
(i) LIBOR rate for the period plus the Applicable Percentage or (ii)
the higher of (a) the Federal Funds rate plus 1/2 if 1% and (b) the
publicly announced Prime Rate as denominated and set by Bank of
America, N. A., as Agent. The Applicable Percentage is based up the
long-term senior unsecured debt rating of the Company and ranges from
0.375% to 1.5%.
5. Date of issue, renewal or guaranty of each security.
June 18, 2002
6. If renewal of security, give date of original issue.
Not Applicable
7. Date of maturity of each security.
June 18, 2005
8. Name of persons to whom each security was issued, renewed or guaranteed.
Bank of America, N. A.; Wachovia Bank, National Association; The Bank
of New York; Credit Suisse First Boston; Suntrust Bank and KBC Bank of
N. V. as lenders with Bank of America, N. A. as administrative agent.
9. Collateral given with each security, if any.
None.
10. Consideration received for each security.
The right to borrow, replenish and reborrow up to $75 million until
maturity.
11. Application of proceeds of each security.
The proceeds from the borrowings will be used 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)
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b. the provisions contained in the fourth sentence of Section 6(b)
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c. the provisions contained in any rule of the commission other
than Rule 48 X
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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
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James E. Swan, IV
Controller
Dated: June 28, 2002