File No. 70-8753
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2
to
Form U-1
APPLICATION OR DECLARATION
under
The Public Utility Holding Company Act of 1935
SAVANNAH ELECTRIC AND POWER COMPANY
600 East Bay Street
Savannah, Georgia 31401
(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)
Kirby R. Willis
Vice President, Treasurer and Chief Financial Officer
Savannah Electric and Power Company
600 East Bay Street
Savannah, Georgia 31401
(Name and address of agent 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
E. Pomeroy Williams, Esq. John D. McLanahan, Esq.
Bouhan, Williams & Levy LLP Troutman Sanders LLP
447 Bull Street 600 Peachtree Street, N.E.
Savannah, Georgia 31401 Suite 5200
Atlanta, Georgia 30308-2216<PAGE>
INFORMATION REQUIRED
Item 1. Description of Proposed Transactions.
Item 1 is hereby amended by adding the following thereto:
"The interest rate on the Revenue Bonds will not at any time
exceed 2% plus the yield on U.S. Treasury securities having a
comparable maturity."
Item 2. Fees, Commissions and Expenses.
Item 2 is hereby amended by adding the following thereto:
"The fees and expenses to be paid or incurred, directly or
indirectly, in connection with the proposed transactions are as
follows:
SEC Filing Fee $ 2,000
Legal Fees 40,000
Services of Southern Company Services, Inc. 10,000
Miscellaneous 5,000
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$57,000
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The foregoing estimated fees and expenses are in addition to
the placement and remarketing fees described in Item 1 hereof."
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: December 29, 1995 SAVANNAH ELECTRIC AND POWER
COMPANY
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary and
Assistant Treasurer<PAGE>
