File No. 70-8229
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 10
(Post-Effective No. 8)
to
Form U-1
APPLICATION OR DECLARATION
under
The Public Utility Holding Company Act of 1935
GULF POWER COMPANY
500 Bayfront Parkway
Pensacola, Florida 32501
(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)
Warren E. Tate, Secretary and Treasurer
GULF POWER COMPANY
500 Bayfront Parkway
Pensacola, Florida 32501
(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
<PAGE>
Item 1. Description of Proposed Transactions.
Item 1 as amended by Amendment No. 9 (Post-Effective No. 7) is hereby further
amended by adding thereto the following:
"In connection with the issuance of the Revenue Bonds, Gulf proposes to
enter into a Loan Agreement with MBFC substantially in the form of Exhibit B-1
hereto (the "Agreement"). Under the Agreement, MBFC will loan to Gulf the
proceeds from the sale of the Revenue Bonds and Gulf will issue a non-negotiable
promissory note (the "Note") to evidence its obligation to repay such loan. The
Note will provide for payments thereon to be made at times and in amounts which
shall correspond to the payments with respect to the principal of and premium,
if any, and interest on the Revenue bonds whenever and in whatever manner the
same shall become due, whether at stated maturity, upon redemption or
declaration or otherwise."
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 22, 1996 GULF POWER COMPANY
By /s/Wayne Boston
Wayne Boston
Assistant Secretary
