File No. 70-8443
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
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
Warren Y. Jobe John D. McLanahan, Esq.
Executive Vice President and Troutman Sanders
Chief Financial Officer 600 Peachtree Street, N.E.
Georgia Power Company Suite 5200
333 Piedmont Avenue, N.E. Atlanta, Georgia 30308-2216
Atlanta, Georgia 30308<PAGE>
INFORMATION REQUIRED
Item 1. Description of Proposed Transactions.
Item 1 is hereby amended by adding thereto the
following:
"Georgia has determined not to deliver the Letter of
Credit or cause insurance policies to be issued in connection
with the proposed issuance and sale by the Development Authority
of Burke County (Georgia) (the "Authority") of $60,000,000
aggregate principal amount of its Pollution Control Revenue Bonds
(Georgia Power Company Plant Vogtle Project), Sixth Series 1994
(the "Revenue Bonds"). Georgia will issue Collateral Bonds to
the Trustee to secure its payment obligations with respect to the
Revenue Bonds, pursuant to a Supplemental Indenture substantially
in the form filed as Exhibit A-1(b) hereto. The proceeds of the
Revenue Bonds will be applied to the redemption of $126,725,000
principal amount of Development Authority of Burke County
(Georgia), 12% Pollution Control Revenue Bonds (Georgia Power
Company Plant Vogtle Project) Third Series 1984, due October 1,
2014 (the "Prior Bonds"). Georgia caused the issuance of the
Prior Bonds pursuant to authority granted by the Commission in
HCAR No. 35-23451 (October 12, 1984).
The Authority has, pursuant to competitive bidding,
entered into underwriting arrangements with J. P. Morgan
Securities Inc. and Morgan Stanley & Co. Incorporated, as the
underwriters, for the sale of the Revenue Bonds bearing interest
at the rate of 6 3/8% per annum and maturing (subject to prior<PAGE>
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redemption) on August 1, 2024. Such arrangements will result in
a true interest cost to Georgia of 6.4890% per annum. Such
underwriters will purchase the Revenue Bonds from the Authority
at a purchase price of 100% of the principal amount thereof and
Georgia will pay the underwriting fee of $898,800 (1.498% of the
aggregate principal amount) for such underwriters' services."
Item 2. Fees, Commissions and Expenses.
Item 2 is hereby amended as follows:
"The fees and expenses to be paid or incurred by
Georgia, directly or indirectly, in connection with the proposed
issuance of the Collateral Bonds (as distinguished from and
excluding fees, commissions and expenses incurred or to be
incurred in connection with the sale of the Revenue Bonds by the
Authority and in connection with the determination of the tax
status of the Revenue Bonds) are as follows:
Fee of counsel for Georgia . . . . . . . . . . . . $20,000
Fee of accountants, Arthur Andersen & Co . . . . . 25,000
Fee of trustee, including counsel . . . . . . . . . 15,000
Services of Southern Company
Services, Inc. . . . . . . . . . . . . . . . . . 25,000
Miscellaneous, including telephone charges and
traveling expenses . . . . . . . . . . . . . . . 5,000
TOTAL . . . . . . . . . . . . . . . . . . . . $90,000"<PAGE>
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Item 6. Exhibits and Financial Statements.
(a) Exhibits.
A-1(b) - Draft of Supplemental Indenture between
Georgia and Chemical Bank, as Trustee,
relating to the Collateral Bonds. (To be filed
by amendment.)
B-1 - Form of Loan Agreement between Georgia and the
Authority relating to the Revenue Bonds. (To
be filed by amendment.)
B-2 - Form of Trust Indenture between the Authority
and the Trustee relating to the Revenue Bonds.
(To be filed by amendment.)
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.
GEORGIA POWER COMPANY
Dated: July 29, 1994 By: /s/Wayne Boston
Wayne Boston
Assistant Secretary<PAGE>
