UNITED STATES OF AMERICA BEFORE THE
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
- -----------------------------------
In the Matter of :
:
MISSISSIPPI POWER & : CERTIFICATE PURSUANT
LIGHT COMPANY : TO RULE 24
:
File No. 70-7760 :
:
(Public Utility Holding :
Company Act of 1935) :
- -----------------------------------
Pursuant to Rule 24 promulgated by the Securities and
Exchange Commission ("SEC") under the Public Utility Holding
Company Act of 1935, modified by the application and/or
declaration referenced above and the related order dated August
30, 1990, and the supplemental order dated April 21, 1993, this
is to certify that the following transactions were carried out
during the twelve months ended December 31, 1993, by Mississippi
Power & Light Company ("MP&L") pursuant to the authorization of
the SEC.
I. Programs Authorized
In 1990, MP&L was authorized to institute the following
programs: (1) "Space Conditioning," involving the marketing,
selling, leasing, financing the acquisition and installation of,
and selling service plans and manufacturer's warranties or other
maintenance agreements for, space conditioning equipment such as
water heaters and heat pumps and related weatherization, ductwork
and wiring improvements; (2) "Premium Power," involving audits of
customers' facilities to detect power quality and reliability
problems which may include a market based fee, if required,
marketing, selling, leasing and financing the acquisition and
installation of surge suppressers, power conditioning products
and standby power supplies, including transient voltage surge
suppressers, meter socket lightning arrestors, isolation
transformers, line voltage regulators, power line conditioners
and uninterruptible power systems (including standby generators)
and selling and financing manufacturer's warranties and
maintenance agreements, and the employment of consultants; (3)
"Electrotechnologies," involving the marketing, selling, leasing
to, financing of and selling service plans in connection with
industrial and commercial equipment utilizing electric power
(i.e., high capacity electrically driven manufacturing and
processing equipment for operators) to enhance customer
efficiency by reducing the emissions of combustion by-products,
increasing safety in the workplace, producing superior quality
products, and brokering leasing arrangements with customers
related to the procurement of such equipment; and (4) "Field
Services," involving marketing and selling to MP&L's non-
residential (primarily commercial and industrial) customers
certain testing, maintenance, repair, training services and
guaranteed service plans relating to the customer's energy using
equipment in order to enhance the operating efficiency and help
reduce the cost of operation to such customers.
During 1993, MP&L participated in these programs as
follows:
Program 1, Space Conditioning.
Heat Pumps. The Company continued to offer its "Heat Pump
Quality Improvement Plan," which provides for the financing
of heat pumps, wiring and weatherization items at an
interest rate of 9.5% for a period of sixty months. The
financing of heat pumps themselves is permitted under Rule
48 of the Holding Company Act while the financing of
weatherization items, wiring and ductwork is permitted only
under the authority granted in the Commission's order
approving the Space Conditioning Program. Contractors
indicated that these items account for about 10% of the
installed cost. Therefore, during the reporting period, the
Company had proceeds of $175,941. Expenses charged in 1993
were $174,492.
Lighting. The Company had proceeds from the "Lawn Glow"
lighting fixtures program (pole-mounted yard lights with
high pressure sodium bulbs). Proceeds from the program were
$919 and expenses of the program were $1,785.
Program 2, Premium Power. The Company had proceeds from Premium
Power equipment sales during the reporting period of $357.
Expenses incurred under this program were $1,141.
Program 3, Electrotechnologies. The Company did not sell, lease
or finance any Electrotechnologies equipment during the reporting
period and there were no expenses incurred under this program.
Program 4, Field Services. The Company did not perform any Field
Services during the reporting period. Expenses incurred under
this program were $16,972.
During the reporting period, the Company financed $321,616
and had outstanding principal obligations as of December 31,
1993 of $1,398,920.
<PAGE>
IN WITNESS WHEREOF, MP&L has caused this certificate to be
executed as of the 28th day of February 1994.
MISSISSIPPI POWER & LIGHT COMPANY
By: /s/ Michael R. Niggli
Michael R. Niggli
Senior Vice President-Marketing
