File No. 70-8823
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to
FORM U-1
APPLICATION OR DECLARATION
under
The Public Utility Holding Company Act of 1935
SEI HOLDINGS, INC.
900 Ashwood Parkway
Suite 500
Atlanta, Georgia 30338
(Name of company or companies filing this statement
and addresses of principal executive offices)
THE SOUTHERN COMPANY
(Name of top registered holding company parent of
each applicant or declarant)
Thomas G. Boren, President
SEI Holdings, Inc.
900 Ashwood Parkway
Suite 500
Atlanta, Georgia 30338
(Name and address of agent for service)
The Commission is requested to mail signed copies of all orders,
notices and communications to:
W.L. Westbrook Thomas G. Boren, President
Financial Vice-President SEI Holdings, Inc.
The Southern Company 900 Ashwood Parkway
270 Peachtree Street, N.W. Suite 500
Atlanta, Georgia 30303 Atlanta, Georgia 30338
John D. McLanahan, Esq.
Troutman Sanders LLP
600 Peachtree Street, N.E.
Suite 5200
Atlanta, Georgia 30308-2216
<PAGE>
The Application or Declaration heretofore filed in this proceeding is
hereby amended in the following respects:
1. The first paragraph of Item 1.3, Description of
Proposed Activities, is deleted and the following revised
paragraph is inserted in lieu thereof:
"Holdings proposes to engage, through one or more Marketing
Subsidiaries, in all forms of brokering and marketing transactions
involving electricity and other types of energy commodities, including,
without limitation, oil, natural gas and coal, and in providing related
"value added" services to customers, such as fuel management, storage
and procurement services. Holdings proposes that Marketing Subsidiaries
may engage in such activities without regard to the location or
identity of customers, provided, however, that such transactions will
be entered into only with customers other than the Operating Companies
and SCS. Although such subsidiaries may acquire physical assets that
are necessary and appropriate to the conduct of such business (such as
oil and gas storage facilities, gas reserves, gas pipeline facilities
and coal), Holdings represents that no Marketing Subsidiary will
acquire any assets if, as a result thereof, it would be or become an
"electric utility company," as defined in Section 2(a)(3) of the Act,
or a "gas utility company," as defined in Section 2(a)(4). Holdings
further represents that no Marketing Subsidiary will sell electricity
at retail unless such sale is approved or allowed under applicable
State law."
2. Item 1 is amended by adding a new paragraph at the end
thereof, to read as follows:
"Item 1.6, Relationship to February 1996 Order. Except as
proposed herein, Holdings is not requesting any other modification to
the terms or conditions of the February 1996 Order. Accordingly, any
investment by Southern in Holdings made for the purpose of financing
the acquisition of a Marketing Subsidiary shall be counted against the
financing limitation set forth in the February 1996 Order, and all
other terms, conditions, and limitations applicable to "Energy-Related
Companies" shall apply to Marketing Subsidiaries."
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<PAGE>
3. By adding Item 2 - Fees, Commissions and Expenses, to
read as follows:
"The fees, commissions and expenses paid or to be paid in
connection with the proposed transaction are estimated not to exceed
$8,000, inclusive of the Commission's $2,000 filing fee."
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned company has duly caused this
statement to be signed on its behalf by the undersigned thereunto
duly authorized.
Dated: April 18, 1996
SEI HOLDINGS, INC.
By: /s/Tommy Chisholm
Tommy Chisholm
Secretary
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