Form U-9C-3

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, 2005

 

 

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

 

Scottish Power plc

FORM U-9C-3

For the Quarter Ended June 30, 2005

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    6
Item 5.    Other Investments    6
Item 6.    Financial Statements and Exhibits    6

 

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This report covers the quarter ended June 30, 2005.

 

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
Waha Storage and Transportation, L.P.    8/24/04    Energy-related Company    Texas    100 % *   Gas Storage Facility
Grama Ridge Storage and Transportation, LLC    4/19/05    Energy-related Company    New Mexico    100 %   Gas Storage Facility
* 99% owned by Enstor, Inc
* 1% owned by Enstor Operating Company, LLC

 

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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

PPM Energy, Inc.    Advance on existing I/C Note    $ 19,639,898    Issue    LIBOR    Waha Storage & Transportation, L.P.    N/A    Advance on existing I/C note
PPM Energy, Inc.    Advance on existing I/C Note    $ 107,210,444    Issue    LIBOR    Katy Storage & Transportation, L.P.    N/A    Advance on existing I/C note
PPM Energy, Inc.    Advance on existing I/C Note    $ 26,145,226    Issue    LIBOR    Grama Ridge Storage & Transportation, LLC    N/A    Advance on existing I/C note

 

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   

Katy Storage and

Transportation

L.P.

    IT/Network and shared system charges and other corporate charges    $ 33,889              $ 33,889

 

4

Enstor Operating Company, LLC    Katy Storage and Transportation, L.P.    Operational personnel and services, commercial sales and marketing personnel and services and management services    $ 689,831    $ 332,840         $ 1,022,671
PPM Energy, Inc.   

Waha Storage and

Transportation, L.P.

    Project management personnel and services      N/A                  N/A
Enstor Operating Company, LLC    Waha Storage and Transportation, L.P.   

Business development/

Marketing personnel and services

      N/A                  N/A
PPM Energy, Inc.   

Grama Ridge Storage and

Transportation, LLC

    Project management personnel and services      N/A                  N/A
Enstor Operating Company, LLC   

Grama Ridge Storage and

Transportation, LLC

   

Business development/

Marketing personnel and services

      N/A                  N/A

 

5

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

 

Associate

Company

Rendering

Services

   

Reporting
Company
Receiving

Services

   

Types of Services
Rendered

   

Direct

Costs

Charged

   

Indirect

Costs

Charged

   

Cost of

Capital

   

Total

Amount

Billed

N/A    N/A    N/A    N/A    N/A    N/A    N/A

 

Item 4. - SUMMARY OF AGGREGATE INVESTMENT

 

Investments in energy-related companies:

       

Total consolidated capitalization as of June 30, 2005

    $ 16,586,483,280

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

    $ 2,487,972,492

Greater of $50 million or Line 2

    $ 2,487,972,492

Total current aggregate investment: (categorized by major line of energy-related business) Energy-related business Category 1 - Rule 58(b)(1)(ix)

    $ 189,847,370

Total current aggregate investment

    $ 189,847,370

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)

    $ 2,298,125,122
(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, 2005. (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/ Simon Lowth

    Simon Lowth
    Executive Director, Finance and Strategy

 

Date: August 31, 2005

 

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