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 12, 2001
PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED
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(Exact name of registrant as specified in its charter)
South Carolina 1-11429 56-0233140
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1426 Main Street, Columbia, South Carolina 29201
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (803) 217-9000
Not applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On February 12, 2001 Public Service Company of North Carolina, Incorporated
(PSNC) announced its earnings for the fiscal year ended December 31, 2000.
PSNC reported a gross margin of $172 million, operating income of $57 million
and income before the cumulative effect of a change in accounting principle
of $21 million. As a result of a change adopted in the first quarter
of 2000 in the method of accounting for unbilled revenue, PSNC reported
additional income, net of taxes, of $7 million. Net income for the year was
$28 million.
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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 12, 2001 By: s/Mark R. Cannon
Mark R. Cannon
Controller
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