Quaterly Report

 

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 March 31, 2004

ScottishPower plc

PacifiCorp

 

Scottish Power plc

(Name of Registered Holding Company)

 

1 Atlantic Quay

Glasgow G2 8SP

Scotland UK

(Address of Principal Executives Offices)

 

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

Carla J. Urquhart

Milbank Tweed Hadley & McCloy LLP

1 Chase Manhattan Plaza

New York, NY 10005

 



Scottish Power plc

FORM U-9C-3

For the Quarter Ended March 31, 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 March 31, 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

 

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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.—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   $3,432   N/A   N/A   $3,432

 

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 March 31, 2004

   $ 13,012,689,378    Line 1

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

   $ 1,951,903,407    Line 2

Greater of $50 million or Line 2

   $ 1,951,903,407    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)

   $ 1,791,903,407    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 March 31, 2004. 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: June 29, 2004

 

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