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, 6.90% Series due May 1, 2006
Item 2. Issue, renewal or guaranty.
Issue
Item 3. Principal amount of each security.
$20,000,000
Item 4. Rate of interest per annum of each security.
6.90%
Item 5. Date of issue, renewal or guaranty of each security.
May 30, 1996
Item 6. If renewal of security, give date of original issue.
Not Applicable
Item 7. Date of maturity of each security.
May 1, 2006
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Item 8. Name of person to whom each security was issued, renewed
or guaranteed.
Pursuant to competitive bidding, the Company issued and
sold the Bonds to Furman Selz LLC, as the Purchaser
pursuant to Purchase Contract effective May 23, 1996.
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.
$19,854,566.67 (98.717% of the principal amount plus
accrued interest in the amount of $111,166.67).
Item 11. Application of proceeds of each security.
The net proceeds from the sale of the Bonds, together with
$10,000,000 in bank borrowings having a term of five
years, will be used by the Company to redeem in July 1996
the $28,200,000 outstanding principal amount of its First
Mortgage Bonds, 9 3/8% Series due July 1, 2021.
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: June 5, 1996 SAVANNAH ELECTRIC AND POWER COMPANY
By:_/s/Wayne Boston_____
Wayne Boston
Assistant Secretary
