Quarterly Report for the period ended June 30, 2004

 

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 June 30, 2004

 


 

ScottishPower 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

 



Scottish Power plc

FORM U-9C-3

For the Quarter Ended June 30, 2004

Table of Contents

 

Item 1.

   Organization Chart     

Item 2.

   Issuance and Renewals of Securities and Capital Contributions     

Item 3.

   Associated Transactions     

Item 4.

   Summary of Aggregate Investment     

Item 5.

   Other Investments     

Item 6.

   Financial Statements and Exhibits     

 

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This report covers the quarter ended June 30, 2004.

 

Item 1. - Organization Chart

 

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

 

3


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. - ASSOCIATE 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
  $ 37,446   N/A   N/A   $ 37,446

 

Part II - Transactions Performed by Associate Companies on behalf of Reporting 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


 

None

 

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Item 4. - SUMMARY OF AGGREGATE INVESTMENT

 

Investments in energy-related companies:

           

Total consolidated capitalization as of June 30, 2004

   $ 13,467,750,478    Line 1

Total capitalization multiplied by 15% (Line 1 X 0.15)

   $ 2,020,162,572    Line 2

Greater of $50 million or Line 2

   $ 2,020,162,572    Line 3

Total current aggregate investment:

           

(categorized by major line of energy-related business)

           

Energy-related business Category 1 - Rule 58(b)(1)(ix)

   $ 161,946,377     

Total current aggregate investment

   $ 161,946,377    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)

   $ 1,858,216,195    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.

 

Item 5. - OTHER INVESTMENTS

 

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 June 30, 2004. (Confidential treatment requested pursuant to Rule 104(b), 17 CFR 250-104(b).)

 

B. Exhibits:

 

Exhibit B-1   Officer’s Certification

 

5


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: August 30, 2004

 

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