UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 10, 2006
Commission | | I.R.S. Employer |
File Number | Registrant, State of Incorporation, Address and Telephone Number | Identification No. |
| | | |
| | | |
1-11429 | Public Service Company of North Carolina, Incorporated | 56-2128483 |
| | (a South Carolina corporation) | |
| | 1426 Main Street, Columbia, South Carolina 29201 | |
| | (803) 217-9000 | |
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
rWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
rSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
rPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
rPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On February 10, 2006, SCANA Corporation (together with its subsidiaries, the Company) issued the press release attached hereto as Exhibit 99.1. The press release discloses a non-GAAP measure, GAAP-adjusted net earnings from operations, which in 2005 and 2004 excludes from net income the effect of sales of certain investments and in 2004 excludes the effect of an impairment charge and a charge related to pending litigation. The Company’s management believes that GAAP-adjusted net earnings from operations provides a meaningful representation of the Company’s fundamental earnings power and can aid in performing period-over-period financial analysis and comparison with peer group data. In management’s opinion, GAAP-adjusted net earnings from operations is a useful indicator of the financial results of the Company’s primary businesses. This measure is also a basis for management’s provision of earnings guidance and growth projections, and it is used by management in making resource allocation and other budgetary and operational decisions. This non-GAAP performance measure is not intended to replace the GAAP measure of net earnings, but is offered as a supplement to it.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit 99.1 Press release dated February 10, 2006
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | Public Service Company of North Carolina, Incorporated |
| | (Registrant) | |
| | | |
| | | |
| February 10, 2006 | By: | /s/James E. Swan, IV | | |
| | | James E. Swan, IV | | |
| | | Controller | | |
EXHIBIT INDEX
Number
99.1 Press release dated February 10, 2006.
