SAVANNAH ELECTRIC & POWER CO
U-1/A, 1996-03-25
ELECTRIC SERVICES
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                                                              File No. 70-8753

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 Amendment No. 3
                                       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
                              270 Peachtree Street
                             Atlanta, Georgia 30303

 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>






                                                         -2-
Item 6.           Exhibits and Financial Statements.
                  (a)  Exhibits

                            F -- Opinion of Bouhan, Williams & Levy LLP.


                                    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:     March 25, 1996         SAVANNAH ELECTRIC AND POWER COMPANY



                                    By: /s/Wayne Boston
                                       Wayne Boston
                                  Assistant Secretary and
                                    Assistant Treasurer


                                                                     Exhibit F




                           Bouhan, Williams & Levy LLP
                               The Armstrong House
                              Bull & Gaston Streets
                             Savannah, Georgia 31498
                                  912/236-2491





                                 March 25, 1996



Securities and Exchange Commission
Washington, DC  20549

    Re:      Statement on Form U-1 of
             Savannah Electric and Power Company
             File No. 70-8753

Gentlemen:

    We are general counsel to Savannah Electric and Power Company ("Savannah")
and are familiar with the statement on Form U-1 referred to above. We are
furnishing this opinion with respect to the proposed transactions by Savannah in
connection with the issuance and sale by the Savannah Economic Development
Authority of its industrial development revenue bonds (the "Revenue Bonds"), all
as described in such statement on Form U-1.

    We have examined such documents and records as we have deemed necessary to
express the opinions hereinafter set forth and hereby advise you that in our
opinion, Savannah is duly organized and validly existing as a corporation under
the laws of the State of Georgia and that upon the issuance of your order herein
and in the event that the proposed transactions by Savannah are consummated in
accordance with such statement on Form U-1 and such order:

(a)  all State laws  applicable to such proposed  transactions  by Savannah will
     have been complied with;

(b)  Savannah's  obligations with respect to the Revenue Bonds will be valid and
     binding obligations of Savannah in accordance with their terms; and


<PAGE>







(c)  the consummation of such proposed transactions by Savannah will not violate
     the legal rights of the holders of any securities issued by Savannah or any
     associate company thereof.

    We hereby consent to the use of this opinion in connection with the
above-mentioned statement on Form U-1.

                                Very truly yours,

                         /s/Bouhan, Williams & Levy LLP




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