SCEG OATT Formula Transmission Rate Filing.pdf - SCANA ...

20091231-0037 FERC PDF (Unofficia1) 12/29/2009
Exhibit No. SCE-3(B)
SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MIS ISSUES ITS CREDIT RATINGS
WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL MAKE ITS OWN STUDY
AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING,
OR SALE.
© Copyright 2009, Moody's Investors Service, Inc. and/or its licensors including Moody's Assurance Company, Inc.
(together, "MOODY'S"). All rights reserved.
ALL INFORM_AlION CONTAiNED HE'.kLlN IS PROTECTED BY COPYRIGHT LAW AND NONE OF SUCH INFORMATION MAY BE
COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANS!'-lITTED, TRANSFERRED, DISSEMINATED,
"~[DISTRmU'rED OR RESOLD, OR STORED I"OR SUBSEQUENT USE FOR ANY SUO-I PURPOSE, IN WHOLE OR IN PART, IN ANY
FOR!'-l OR Mf~NNER OR BY l\NY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITIEN CONSENT. All
information contained herem is obtained by tvl00DY'S from sources believed by it to be accurate and reliable. Because of the
possibility of human or mechanical error as wei! as other factors, however, such information is provided "as is" without warranty
of any kine! and MOODY'S, in particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness,
completeness, merchantability or fitness for any particular purpose of any slIcll information. Under no Circumstances shall
r·l00DY'S hewe any liability to any person or entity for (a) any IOS5 or damage in whole or in part caused by, resulting from, or
relating to, any error (l1egligent or otherwise) or otiler- circumstance or contingency within or outside the control of MOODY'S or
any of its directors, officers, employees or agents in connection witll the procurement, collection, compilation, analysis,
inter-pretation, communication, publicat;on or delivery of any such information, or (b) any direct, indirect, special, consequential,
compensatory or incidental damages whatsoever (inCluciing without limitation, lost profits), even if MOODY'S is advised in
advance of the possibility of such damages, resulting frOin the use of or inability to use, any such information. The credit ratings
and k;ancial reporting analYSis observations, if any, constituting part of the information contained herein are, and must be
construe(i solely as, statements of opinion and not statements of fact or recommendations to purchase, sell or hold any
securities. NO W.5,RRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR
FiTNESS fOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY
HOODY'S IN ANY FOR!>-1 OR HANNER WHATSOEVER. Eae!l ri1tii19 or other opinion must be weighed solely as one factor in any
investrnent d£,cision maele by or on behalf of any user or- the inforrnation contained herein, and each such user must accordingly
r'WK(': its own study and evaluation of each security and of each issuer and guarantor of, and each provider of credit support for,
i:'actl security t.hat' it may consider purchasing, r'oOiciing or se!iing.
~:100[)Y'S l10xeby (tiscioses that FTl'Jstissuers of debt $c;curil-ies (inc,i.uding corporate and municipal bonds, debentures, notes and
commercia! pilPer) and preferred stock rated by MOODY'S have, prior to assignment of any rating, agreed to pay to MOODY'S
for appraisal and rating services rer,eJered by it fees ranging from $1,500 to approximately $2,400,000. Moody's Corporation
(HeO) ilnd its wholly--owned credit rating agency subsidiary, Moody's Investors Service (MIS), also maintain policies and
proceriures to address the Indepencience of !'-1rS's ratings and rating processes. Information regarding certain affiliations that
may exist bet-ween r.iirectors of MeO and rated entities, iJnd between entities who hold ratings from MIS and have also publicly
reported to the SEC i;ln ownership interest in Mea of more than 5°,'0, is posted annually on Moody's website at www.moodys.com
Ur)rjer ttle heaclin9 "Sha['eholder Relations Corpori:lte Governance - Director and Shareholder Affiliation Policy."