September 27, 2016 12:31 AM ET

Gas Utilities

Company Overview of Public Service Company of North Carolina, Incorporated

Company Overview

Public Service Company of North Carolina, Incorporated, together with its subsidiaries, purchases, sells, transports, and distributes natural gas to residential, commercial, and industrial customers in North Carolina. The company sells, installs, maintains, and repairs natural gas grills and lights, gas logs, water and space heaters, and outdoor fire products, as well as finances products. It distributes natural gas to approximately 530,000 customers in 96 cities and communities, including the Raleigh, Durham, and Chapel Hill areas in the north central part of the North Carolina; the Concord, Statesville, Gastonia, and Forest City areas in the Piedmont; and the Asheville, Hendersonville, Bre...

Building A

800 Gaston Road

Gastonia, NC 28056

United States

Founded in 1917

Key Executives for Public Service Company of North Carolina, Incorporated

Chairman, Chief Executive Officer, Chairman of SCANA Corporation , Chief Executive Officer of SCANA Corporation and President of SCANA Corporation
Age: 69
Senior Vice President, General Counsel and Assistant Secretary
Age: 78
Senior Vice President of Fuel Procurement & Asset Management
Age: 58
Senior Vice President of Human Resources
Age: 62
Vice President of Organizational Development
Age: 65
Compensation as of Fiscal Year 2016.

Public Service Company of North Carolina, Incorporated Key Developments

PSNC Energy Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

PSNC Energy announced unaudited earnings results for the second quarter and six months ended June 30, 2016. It reported seasonal breakeven results for the second quarter of 2016, consistent with the second quarter of 2015. For the six months, earnings were $0.25 per share against $0.24 per share a year ago.

PSNC Energy Reports Earnings Results for the First Quarter of 2016

PSNC Energy reported earnings results for the first quarter of 2016. For the period, earnings were $36 million, or earnings per share of 25 cents, compared to $34 million, or earnings per share of 24 cents, in 2015. GAAP-adjusted weather-normalized EPS (non-GAAP) was $0.25 compared to $0.24 a year ago.

SCANA Corporation, South Carolina Electric & Gas Company, South Carolina Fuel Company, Inc., and Public Service Company of North Carolina, Incorporated Announces Closing of Credit Facilities

SCANA Corporation, South Carolina Electric & Gas Company, South Carolina Fuel Company, Inc., and Public Service Company of North Carolina, Incorporated closed on credit facilities totaling $2.0 billion consisting of a $400 million, 5-year revolving credit facility for SCANA, a $700 million, 5-year revolving credit facility for SCE&G, a $200 million, 3-year revolving credit facility for SCE&G, a $500 million, 5-year revolving credit facility for SCFC, and a $200 million, 5-year revolving credit facility for PSNC Energy. Under certain conditions, SCANA may request that its Facility be increased to a maximum of $700 million, SCE&G may request that its 5-year Facility be increased to a maximum of $800 million, SCE&G may request that its 3-year Facility be increased to a maximum of $300 million, SCFC may request that its Facility be increased to a maximum of $600 million, and PSNC Energy may request that its Facility be increased to a maximum of $250 million. Under certain circumstances, the term of each Facility may be extended at the request of the borrower for up to two additional one-year periods. SCANA's Facility amends, extends and increases an existing $300 million revolving credit facility; SCE&G's 5-year Facility amends and extends an existing $700 million revolving credit facility; SCE&G's 3-year Facility amends and extends an existing $200 million revolving credit facility; SCFC's Facility amends and extends an existing $500 million revolving credit facility; and PSNC Energy's Facility amends, extends and increases an existing $100 million revolving credit facility. Each borrower's Facility will be used to refinance indebtedness and for general corporate purposes, including liquidity support for the borrower's commercial paper program and, in the cases of SCE&G and PSNC Energy, to provide interim financing for construction, and in the case of SCFC, to finance or refinance the purchase of nuclear and fossil fuels and emission and other environmental allowances.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 22, 2016
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