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.
In connection with the issuance and sale by the Development
Authority of Effingham County (Georgia)(the "Authority") of
$13,870,000 Pollution Control Revenue Bonds (Savannah Electric
and Power Company Project), Series 1997 (the "Revenue Bonds"),
the Company issued a promissory note dated April 3, 1997 in
the principal amount of $13,870,000 (the "Note"), evidencing
the obligation of the Company to repay the Authority's loan
(the "Loan") to it of the proceeds of the Revenue Bonds.
Item 2. Issue, renewal or guaranty.
Issue.
Item 3. Principal amount of each security.
See Item 1 hereinabove.
Item 4. Rate of interest per annum of each security.
The Note will bear interest at the rate or rates of interest
borne by the Revenue Bonds.
Initially, the Revenue Bonds will bear interest from the date
of their original issuance and delivery at a Daily Rate
determined by SunTrust Bank, Atlanta, the Remarketing Agent
for the Revenue Bonds.
The Company may from time to time change the method of
determining the interest rate on the Revenue Bonds to a Daily,
Weekly, Commercial Paper or Long-Term Interest Rate.
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Item 5. Date of issue, renewal or guaranty of each security.
April 3, 1997.
Item 6. If renewal of security, give date of original issue.
Not Applicable.
Item 7. Date of maturity of each security.
April 1, 2037, subject to prepayment or prior redemption.
Item 8. Name of person to whom each security was issued, renewed or
guaranteed.
The Note was issued in favor of the Authority and assigned by
the Authority to The Bank of New York, as trustee (the
"Revenue Bond Trustee") for the benefit of the holders of the
Revenue Bonds.
Item 9. Collateral given with each security, if any.
The Company entered into a Deed to Secure Debt dated as of
April 3, 1997, creating a subordinated security interest in
certain property of the Company.
Item 10. Consideration received for each security.
The Company issued the Note in consideration of the Loan in
the amount of $13,870,000 (the "Loan Proceeds").
Item 11. Application of proceeds of each security.
The Loan Proceeds have been deposited with the Revenue Bond
Trustee and have been or will be applied to the refunding
redemption of $13,870,000 outstanding 6 3/4% Development
Authority of Effingham County Pollution Control Revenue Bonds
(Savannah Electric and Power Company Project) Series 1992 due
February 1, 2022.
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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.
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: April 11, 1997 SAVANNAH ELECTRIC AND POWER COMPANY
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary
