File No. 70-8665
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, Financial Vice President
The Southern Company
64 Perimeter Center East
Atlanta, Georgia 30346
John D. McLanahan, Esq.
Troutman Sanders
Suite 5200
NationsBank Plaza
600 Peachtree Street
Atlanta, Georgia 30308-2216
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INFORMATION REQUIRED
Item 1. Description of Proposed Transaction.
Item 1 is hereby amended by adding the following thereto:
"FPC is not an "Associate company" nor an "Affiliate", as
defined in the Act, of GPC."
Item 3. Applicable Statutory Provisions.
Item 3 is hereby amended by adding the following thereto:
"Rule 54 Analysis. Under Rule 54, in determining whether to
approve the issue or sale of a security by a registered holding
company for purposes other than the acquisition of an "exempt
wholesale generator" or "foreign utility company", or other
transactions by such registered holding company or its
subsidiaries other than with respect to "exempt wholesale
generators" or "foreign utility companies," the Commission shall
not consider the effect of the capitalization or earnings of any
subsidiary which is an "exempt wholesale generator" or a "foreign
utility company" upon the registered holding company system if
the "safe harbor" conditions of Rule 53 are satisfied.
Southern currently meets all of the "safe harbor"
conditions of Rule 53. Southern's "aggregate investment" in
"exempt wholesale generators" and "foreign utility companies" at
September 1, 1995 was approximately $927.5 million, representing
approximately 29% of Southern's "consolidated retained earnings,"
as defined in Rule 53(a)(1)(ii), for the four quarters ended June
30, 1995 ($3.213 billion). Furthermore, Southern has and will
continue to comply with the record keeping requirements of Rule
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53(a)(2) concerning affiliated "exempt wholesale generators" and
"foreign utility companies." In addition, as required by Rule
53(a)(3), no more than 2% of the employees of Southern's
operating utility subsidiaries will, at any one time, directly or
indirectly, render services to "exempt wholesale generators" and
"foreign utility companies." Finally, since none of the
circumstances described in Rule 53(b) exists, the provisions of
Rule 53(a) are not made inapplicable by Rule 53(b)."
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.
Date: September 13, 1995 GEORGIA POWER COMPANY
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary
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