File No. 70-8129
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Amendment No. 6
to
Form U-1
APPLICATION OR DECLARATION
under
The Public Utility Holding Company Act of 1935
GEORGIA POWER COMPANY
333 Piedmont Avenue, N. E.
Atlanta, Georgia 30308
(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)
Judy M. Anderson
Vice President and Corporate Secretary
Georgia Power Company
333 Piedmont Avenue, N. E.
Atlanta, Georgia 30308
(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 F. Young
Financial Vice President Vice President
The Southern Company Southern Company Services, Inc.
64 Perimeter Center East One Wall Street, 42nd Floor
Atlanta, Georgia 30346 New York, New York 10005
John D. McLanahan, Esq.
Troutman Sanders
600 Peachtree Street, N. E.
Suite 5200
Atlanta, Georgia 30308-2216
<PAGE>
INFORMATION REQUIRED
Item 6. Exhibits and Financial Statements.
(b) Financial Statements.
Condensed Statements of Income of Georgia For the
Twelve Months ended September 30, 1993.
Condensed Balance Sheet of Georgia at September
30, 1993.
SIGNATURE
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, the undersigned company has duly
caused this amendment to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: February 24, 1994 GEORGIA POWER COMPANY
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary
<PAGE>
GEORGIA POWER COMPANY
CONDENSED STATEMENTS OF INCOME (UNAUDITED)
(Stated in Thousands of Dollars)
For the Twelve Months
Ended September 30, 1993
OPERATING REVENUES:
Revenues $4,405,033
Sales To Affiliates 62,966
Total operating revenues 4,467,999
OPERATING EXPENSES:
Operation--
Fuel 954,306
Purchased power from non-affiliates 351,179
Purchased power from affiliates 194,219
Proceeds from settlement of
disputed contracts (4,982)
Provision for separation benefits 5,026
Other 668,990
Maintenance 282,042
Depreciation and amortization 381,779
Deferred Plant Vogtle expenses, net 17,856
Taxes other than income taxes 186,986
Federal and state income taxes 437,268
Total operating expenses 3,474,669
OPERATING INCOME 993,330
OTHER INCOME (EXPENSE):
Allowance for equity funds
used during construction 2,546
Income from subsidiary 4,106
Interest income 8,386
Other, net 3,697
Income taxes applicable
to other income 46,569
INCOME BEFORE INTEREST CHARGES 1,058,634
INTEREST CHARGES:
Interest on long-term debt 358,175
Allowance for debt funds used
during construction (7,484)
Interest on interim obligations 15,557
Amortization of debt discount,
premium and expense, net 12,862
Other interest charges 46,563
Net interest charges 425,673
NET INCOME 632,961
DIVIDENDS ON PREFERRED STOCK 52,162
NET INCOME AFTER DIVIDENDS ON
PREFERRED STOCK $ 580,799
( ) Denotes red figure.
<PAGE>
GEORGIA POWER COMPANY
CONDENSED BALANCE SHEETS
(Stated in Thousands of Dollars)
ASSETS
At September 30, 1993
(Unaudited)
UTILITY PLANT:
Plant in service $13,628,962
Less accumulated provision for
depreciation 3,777,763
9,851,199
Nuclear fuel, at amortized cost 148,605
Construction work in progress 547,246
Total 10,547,050
OTHER PROPERTY AND INVESTMENTS:
SEGCO, at equity 29,539
Nuclear decommissioning trusts 37,528
Miscellaneous 31,544
Total 98,611
CURRENT ASSETS:
Cash and temporary cash investments,
at cost 19,292
Receivables--
Customer accounts receivable 574,826
Other accounts and notes receivable 107,918
Affiliated companies 7,578
Accumulated provision for
uncollectible accounts (7,521)
Fossil fuel stock, at average cost 124,489
Materials and supplies, at average
cost 299,125
Prepayments 75,504
Vacation pay deferred 39,395
Total 1,240,606
DEFERRED CHARGES:
Deferred Plant Vogtle costs 522,242
Debt expense and loss, being
amortized 175,932
Deferred recoverable income taxes 989,278
Miscellaneous 181,595
Total 1,869,047
TOTAL ASSETS $13,755,314
<PAGE>
GEORGIA POWER COMPANY
CONDENSED BALANCE SHEETS
(Stated in Thousands of Dollars)
CAPITALIZATION AND LIABILITIES
At September 30,
1993
(Unaudited)
CAPITALIZATION:
Common stock equity--
Common stock (without par value)--
authorized 15,000,000 shares,
outstanding 7,761,500 shares $ 344,250
Other paid-in capital 2,384,140
Premium on preferred stock 413
Earnings retained in the business 1,345,192
4,073,995
Preferred stock 692,792
Long-term debt 4,101,724
Total 8,868,511
CURRENT LIABILITIES:
Long-term debt due within one year 19,626
Notes payable 279,250
Commercial paper 89,544
Accounts payable--
Affiliated companies 34,786
Other 256,445
Customer deposits 45,836
Taxes accrued--
Federal and state income 133,351
Other 136,372
Interest accrued 104,816
Miscellaneous 138,349
Total 1,238,375
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes 2,407,115
Accumulated deferred investment tax
credits 486,435
Disallowed Plant Vogtle capacity
buyback costs 60,592
Deferred credits related to income taxes 453,605
Miscellaneous 240,681
Total 3,648,428
TOTAL CAPITALIZATION AND LIABILITIES $13,755,314
<PAGE>