File No. 70-8461
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 14
(Post-Effective No. 11)
TO
FORM U-1
APPLICATION OR DECLARATION
under
The Public Utility Holding Company Act of 1935
ALABAMA POWER COMPANY GULF POWER COMPANY
600 North 18th Street 500 Bayfront Parkway
Birmingham, Alabama 35291 Pensacola, Florida 32501
GEORGIA POWER COMPANY MISSISSIPPI POWER COMPANY
333 Piedmont Avenue, N.E. 2992 West Beach
Atlanta, Georgia 30308 Gulfport, Mississippi 39501
SAVANNAH ELECTRIC AND POWER COMPANY
600 East Bay Street
Savannah, Georgia 31401
(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)
Art P. Beattie, Vice President, Warren E. Tate, Secretary
Secretary and Treasurer and Treasurer
Alabama Power Company Gulf Power Company
600 North 18th Street 500 Bayfront Parkway
Birmingham, Alabama 35291 Pensacola, Florida 32501
Judy M. Anderson, Vice President Michael W. Southern, Vice
and Corporate Secretary President, Secretary and Treasurer
Georgia Power Company Mississippi Power Company
333 Piedmont Avenue, N.E. 2992 West Beach
Atlanta, Georgia 30308 Gulfport, Mississippi 39501
Kirby R. Willis, Vice President, Treasurer
and Chief Financial Officer
Savannah Electric and Power Company
600 East Bay Street
Savannah, Georgia 31401
(Names and addresses of agents for service)
The Commission is requested to mail signed copies of all orders,
notices and communications to:
W. L. Westbrook John D. McLanahan, Esq.
Financial Vice President Troutman Sanders LLP
The Southern Company 600 Peachtree Street, N.E.
270 Peachtree Street, NW Suite 5200
Atlanta, Georgia 30303 Atlanta, Georgia 30308-2216
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ITEM 1. DESCRIPTION OF PROPOSED TRANSACTIONS.
The information added to Item 1 in Amendment 13 (Post-Effective No. 10) is
hereby deleted and replaced with the following:
By order dated December 15, 1994 (HCAR No. 26187) (the "December 1994
Order"), the Operating Companies were authorized to form separate special
purpose subsidiaries. Each special purpose subsidiary would issue and sell
preferred securities in one or more series from time to time through December
31, 1997. In the December 1994 Order, Georgia was authorized to issue
$100,000,000 of preferred securities and jurisdiction was reserved pending
completion of the record over the issuance of preferred securities in the amount
of $175,000,000 in the case of Alabama, $200,000,000 in the case of Georgia,
$15,000,000 in the case of Gulf, $15,000,000 in the case of Mississippi and
$10,000,000 in the case of Savannah.
By order dated January 17, 1996 (HCAR No. 26452) (the "January 1996
Order"), Alabama was authorized to issue $97,000,000 of preferred securities and
jurisdiction was reserved pending completion of the record over the issuance of
preferred securities in the amount of $78,000,000 in the case of Alabama,
$200,000,000 in the case of Georgia, $15,000,000 in the case of Gulf,
$15,000,000 in the case of Mississippi and $10,000,000 in the case of Savannah.
By post-effective amendment dated June 18, 1996, the Operating Affiliates
requested that the authority to issued preferred securities be increased to
$250,000,000 in the case of Alabama, $500,000,000 in the case of Georgia,
$60,000,000 in the case of Gulf, $60,000,000 in the case of Mississippi and
$35,000,000 in the case of Savannah. In the case of Alabama and Georgia, such
amounts were in addition to the amounts authorized by the December 1994 Order
and the January 1996 Order. The Operating Affiliates also requested that such
authority be extended through December 31, 2001. Such request was noticed June
21, 1996 (HCAR 26535).
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By order dated August 26, 1996 (HCAR No. 26560) (the "August 1996 Order")
Georgia completed the record and was authorized to issue $400,000,000 of
preferred securities and the Operating Companies were authorized, pending
completion of the record, to effect the sale of preferred securities in one or
more series from time to time through December 31, 2001 in the amount of
$250,000,000 in the case of Alabama, $100,000,000 in the case of Georgia,
$60,000,000 in the case of Gulf, $60,000,000 in the case of Mississippi and
$35,000,000 in the case of Savannah.
By subsequent orders (HCAR 26644, dated January 14, 1997; HCAR 26657, dated
January 29, 1997 and HCAR 26660, dated February 5, 1997) the record was
completed and the sale of preferred securities was authorized as follows:
$250,000,000 for Alabama; $60,000,000 for Gulf; and $55,000,000 for Mississippi.
Currently, the Commission has jurisdiction reserved regarding the issuance
and sale of additional preferred securities in the amounts of $100,000,000 for
Georgia, $5,000,000 for Mississippi and $35,000,000 for Savannah.
The Operating Companies now request new or additional authority as follows:
$500,000,000 for Alabama; $400,000,000 for Georgia; $50,000,000 for Gulf;
$70,000,000 for Mississippi; and $5,000,000 for Savannah. The applicants request
that such authority be in addition to amounts previously authorized in this
proceeding and that the Commission reserve jurisdiction, pending completion of
the record over the issuance and sale of preferred securities through December
31, 2005, as follows: $500,000,000 for Alabama; $500,000,000 for Georgia;
$50,000,000 for Gulf; $75,000,000 for Mississippi; and $40,000,000 for Savannah.
<PAGE>
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SIGNATURES
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, the undersigned companies have duly caused this amendment to be signed
on their behalf by the undersigned thereunto duly authorized.
Date: May 13, 1997 ALABAMA POWER COMPANY
By:/S/Wayne Boston
Wayne Boston, Assistant Secretary
GEORGIA POWER COMPANY
By:/S/Wayne Boston
Wayne Boston, Assistant Secretary
GULF POWER COMPANY
By:/S/Wayne Boston
Wayne Boston, Assistant Secretary
MISSISSIPPI POWER COMPANY
By:/S/Wayne Boston
Wayne Boston, Assistant Secretary
SAVANNAH ELECTRIC AND POWER COMPANY
By:/S/Wayne Boston
Wayne Boston, Assistant Secretary
