SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
For the Quarterly Period Ended December 31, 2003
Scottish Power plc
PacifiCorp
(Name of Registered Holding Company)
Scottish Power plc
(Address of Principal Executives Offices)
1 Atlantic Quay
Glasgow G2 8SP
Scotland UK
Inquiries concerning this Form U-9C-3 may be directed to:
| Andrew Mitchell, Company Secretary James Stanley, General Counsel Scottish Power plc 1 Atlantic Quay Glasgow G2 8SP Scotland, UK |
M. Douglas Dunn Orlan M. Johnson Milbank Tweed Hadley & McCloy LLP 1 Chase Manhattan Plaza New York, NY 10005 |
FORM U-9C-3
For the Quarter Ended December 31, 2003
Table of Contents
| Item 1. | Organization Chart | 3 | ||
| Item 2. | Issuance and Renewals of Securities and Capital Contributions | 4 | ||
| Item 3. | Associated Transactions | 4 | ||
| Item 4. | Summary of Aggregate Investment | 5 | ||
| Item 5. | Other Investments | 5 | ||
| Item 6. | Financial Statements and Exhibits | 5 | ||
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This report covers the quarter ended December 31, 2003.
| Name of Reporting Company |
Date of Organization |
Energy or Gas-related Company |
State/Country of Organization |
Percentage of Voting Securities Held |
Type of Business | |||||
| Scottish Power plc |
N/A | N/A | Scotland | 100% | Registered Holding Company | |||||
| Scottish Power NA 1 Ltd |
N/A | N/A | Scotland | 100% | Intermediate Holding Company | |||||
| Scottish Power NA 2 Ltd |
N/A | N/A | Scotland | 100% | Intermediate Holding Company | |||||
| PacifiCorp Holdings, Inc |
N/A/ | N/A | Delaware | 100% | Intermediate Holding Company | |||||
| PPM Energy, Inc. |
N/A | N/A | Oregon | 100% | Power Marketing Company | |||||
| Enstor, Inc. |
10/08/01 | Energy- related Company |
Oregon | 100% | Gas Storage | |||||
| Enstor Operating Company, LLC |
9/19/02 | Energy- related Company |
Oregon | 100% | Gas Storage | |||||
| Katy Storage and Transportation, L.P. |
9/30/02 | Energy- related Company |
Texas | 100% | Gas Storage Facility | |||||
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Item 2. - Issuances and Renewals of Securities and Capital Contributions.
| Company Issuing Security |
Type of Security Issued |
Principal Amount of Security |
Issue or Renewal |
Cost of Capital |
Person to Whom Security Was Issued Type of Business |
Collateral Given with Security |
Consideration Received for Each Security |
None
| Company Contributing Capital |
Company Receiving Capital |
Amount of Capital Contribution |
None
Item 3. - ASSOCIATED TRANSACTIONS
Part I. - Transactions Performed by Reporting Companies on behalf of Associate Companies.
| Reporting Company Rendering Services |
Associate Company Receiving Services |
Types of Services Rendered |
Direct Costs Charged |
Indirect Costs Charged |
Cost of Capital |
Total Amount Billed | ||||||
| PacifiCorp |
PPM Energy, Inc, as ultimate parent company of Katy Storage and Transportation, L.P. |
IT/Network and shared system charges and other corporate services |
$5,187 | N/A | N/A | $5,187 |
Part II - Transactions Performed by Associate Companies on behalf of Reporting Companies.
| Reporting |
Associate |
Types of Services |
Direct Costs Charged |
Indirect Costs Charged |
Cost of Capital |
Total Amount Billed |
None
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Item 4. - SUMMARY OF AGGREGATE INVESTMENT
| Investments in energy-related companies: |
|||||
| Total consolidated capitalization as of December 31, 2003 |
$ | 12,385,312,404 | Line 1 | ||
| Total capitalization multiplied by 15% (Line 1 X 0.15) |
$ | 1,857,796,861 | Line 2 | ||
| Greater of $50 million or Line 2 |
$ | 1,857,796,861 | Line 3 | ||
| Total current aggregate investment: |
|||||
| (categorized by major line of energy-related business) |
|||||
| Energy-related business Category 1 - Rule 58(b)(1)(ix) |
$ | 160,000,000 | |||
| Total current aggregate investment |
$ | 160,000,000 | Line 4 | ||
| Difference between the greater of $50 million or 15% of Capitalization and the total aggregate investment of the Registered holding company system (line 3 less line 4) | $ | 1,697,796,861 | Line 5 | ||
| (1) | Rule 58(b)(1)(ix) - the ownership, operation and servicing of fuel procurement, transportation, handling and storage facilities, scrubbers, and resource recovery and waste water treatment facilities. |
| Major Line of Energy- Related Business |
Other Investment in Last U-9C-3 Report |
Other Investment in this U-9C-3 |
Reason for Difference in Other Investment | |||
| Gas Storage |
None | None | N/A |
Item 6. - FINANCIAL STATEMENTS AND EXHIBITS
| A. | Financial Statements: |
| Exhibit A-1 | Financial statements for Reporting Company for the quarterly period ended December 31, 2003. (Filed in paper under cover of Form SE; Confidential treatment requested pursuant to Rule 104(b), 17 CFR 250-104(b).) | |
| B. Exhibits: | ||
| Exhibit B-1 | Officer’s Certification | |
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SIGNATURE
The undersigned registered holding company has duly caused this quarterly report to be signed on its behalf by the undersigned officer thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935.
| Scottish Power plc | ||
| By: |
/s/ David T. Nish | |
| David T. Nish | ||
| Finance Director | ||
| Date: | February 27, 2003 |
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Exhibit B-1
CERTIFICATE
I hereby certify that the Form U-9C-3 for ScottishPower plc for the previous quarter has been provided to the state commissions listed below:
California Public Utilities Commission
Docket Office
505 Van Ness Avenue
San Francisco, CA 94102-3298
Attn: Jerry Royer, Advice Filings
Idaho Public Utilities Commission
472 W. Washington
Boise, ID 83702-5983
Attn: Jean D. Jewell, Commission Secretary
Oregon Public Utility Commission
550 Capitol Street N.E., Suite 215
Salem, Oregon 97301-2551
Attn: Vikie Bailey-Goggins, Administrator Regulatory and Technical Support
Utah Public Service Commission
Heber M. Wells Building, Fourth Floor
160 East 300 South
Salt Lake City, UT 84114
Attn: Julie P. Orchard, Commission Secretary
Washington Utilities and Transportation Commission
1300 S. Evergreen Park Drive S.W.
Olympia, WA 98504-7250
Attn: Carole Washburn, Executive Secretary
Wyoming Public Service Commission
Hansen Building
2515 Warren Avenue, Suite 300
Cheyenne, WY 82002
Attn: Steve Oxley, Commission Secretary
| Scottish Power plc | ||
| By: |
/s/ David T. Nish | |
| David T. Nish | ||
| Finance Director | ||
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