SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed by
SAVANNAH ELECTRIC AND POWER COMPANY
(the "Company")
This certificate is notice that the above named company has
issued, renewed or guaranteed the security or securities
described herein which issue, renewal or guaranty was exempted
from the provisions of Section 6(a) of the Act and was neither
the subject of a declaration or application on Form U-1 nor
included within the exemption provided by Rule U-48.
Item 1. Type of security or securities.
First Mortgage Bonds, 7 7/8% Series due May 1, 2025
Item 2. Issue, renewal or guaranty.
Issue
Item 3. Principal amount of each security.
$15,000,000
Item 4. Rate of interest per annum of each security.
7 7/8%
Item 5. Date of issue, renewal or guaranty of each security.
May 25, 1995
Item 6. If renewal of security, give date of original issue.
Not Applicable
Item 7. Date of maturity of each security,
May 1, 2025, subject to prior redemption
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Item 8. Name of person to whom to whom each security was
issued, renewed or guaranteed.
The Company issued and sold the Bonds to Donaldson
Lufkin & Jenrette Securities Corporation, as the
Purchaser pursuant to Purchase Contract effective May
18, 1995.
Item 9. Collateral given with each security, if any.
The Company's First Mortgage Bonds are entitled to
the benefit of a first lien on substantially all
assets of the Company.
Item 10. Consideration received for each security.
$14,887,200.00 (98.723% of the principal amount plus
accrued interest in the amount of $78,750.00).
Item 11. Application of proceeds of each security.
The net proceeds from the sale of the Bonds, together
with $20,000,000 in bank borrowings having a term of
three years, will be used by the Company to redeem in
June 1995 the $27,900,000 outstanding principal
amount of its First Mortgage Bonds, 9 1/4% Series due
October 1, 2019, and for other general corporate
purposes.
Item 12. Indicate by a check after the applicable statement
below whether the issue, renewal or guaranty of each
security was exempt from the provisions of Section
6(a) because of:
a. the provisions contained in the first sentence
of Section 6(b)
b. the provisions contained in the fourth sentence
of Section 6(b)
c. the provisions contained in any rule of the
Commission other than Rule U-48 X
Item 13. Not Applicable.
Item 14. Not Applicable
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Item 15. If the security or securities are exempt from the
provisions of Section 6(a) because of any rule of the
Commission other than Rule U-48 designate the rule
under which exemption is claimed.
Rule 52
Date: May 30, 1995 SAVANNAH ELECTRIC AND
POWER COMPANY
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary
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