CERTIFICATE OF NOTIFICATION
Filed by
SOUTHERN ELECTRIC RAILROAD COMPANY
Pursuant to Order of the Securities and Exchange Commission dated
January 13, 1993 (HCAR No. 35-25734) in the matter of File No.
70-7911.
The following information is provided in response to the
requirements of the above stated order.
(1) Balance Sheet and Income Statement at June 30, 1994.
Reference is made to Exhibit A filed herewith.
(2) Reasonable detail concerning the activities undertaken by
Railroad Subsidiary during the applicable six-month period,
including commencement of construction of any Rail Line and
information concerning such Rail Line, such as its location
and the Operating Company and generating facility to be
served thereby.
Southern Electric Railroad Company's Miller Railroad Project
Phase I construction of the rail line which commenced in
September 1993 is now scheduled for completion in October,
1994.
Engineering and studies on Phase II of the project
continues.
Southern Electric Railroad Company's McIntosh Railroad Project
Negotiations are ongoing with CSX for the grade crossing of
their mainline. The installation of the grade crossing on
US Highway 21 will occur concurrently with the Department of
Transportation's widening of this road, which is scheduled
to start during the third quarter of 1994. The Department
of Transportation is currently reviewing the design of this
crossing.
Final draft of the Environmental Assessment of the Right of
Way is complete and under review.<PAGE>
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(3) Reference is made to Certificates of Notification previously
filed with the Commission dated February 5, 1993 relating to
Alabama Power Company and May 18, 1993 relating to Savannah
Electric and Power Company.
(4) No information to report at this time.
Dated August 11, 1994
SOUTHERN ELECTRIC RAILROAD COMPANY
By Wayne Boston
Wayne Boston
Assistant Secretary<PAGE>
Exhibit A
THE SOUTHERN ELECTRIC RAILROAD COMPANY
FINANCIAL STATEMENTS
JUNE 1994<PAGE>
SOUTHERN ELECTRIC RAILROAD COMPANY
FINANCIAL STATEMENTS
JUNE 1994
Contents Page No.
Balance Sheet 1
Income Statement 2
Balance Sheet Details 3
Notes to the Financial Statements 4<PAGE>
1
SOUTHERN ELECTRIC RAILROAD COMPANY
BALANCE SHEET
JUNE 1994
ASSETS AND OTHER DEBITS
PROPERTY AND OTHER INVESTMENTS:
ORGANIZATION-NET $ 1,362.41
CONSTRUCTION WORK-IN-PROGRESS-NET 0.00
TOTAL PROPERTY AND OTHER INVESTMENTS 1,362.41
CURRENTS ASSETS:
CASH 3,973.25
ACCOUNTS RECEIVABLE-ASSOC.COMPANIES 29,381.36
TOTAL CURRENT ASSETS 33,354.61
TOTAL ASSETS AND OTHER DEBITS $34,717.02
LIABILITIES AND STOCKHOLDER EQUITY
STOCKHOLDER EQUITY:
CAPITAL STOCK - 5,000 SHARES at $1 $ 5,000.00
RETAINED EARNINGS 0.00
TOTAL STOCKHOLDER EQUITY 5,000.00
CURRENT LIABILITIES:
ACCOUNT PAYABLE - NON-ASSOC. COMPANIES 0.00
ACCOUNTS PAYABLE - ASSOC. COS. 29,717.02
TOTAL CURRENT LIABILITIES 29,717.02
TOTAL LIABILITIES AND STOCKHOLDER EQUITY $34,717.02
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE BALANCE
SHEETS.<PAGE>
2
SOUTHERN ELECTRIC RAILROAD COMPANY
INCOME STATEMENT
JUNE 30, 1994
REVENUE
SERVICES RENDERED $4,664.65
TOTAL REVENUE 4,664.65
EXPENSES
AMORTIZATION EXPENSE-ORGANIZATION COSTS 166.80
TAXES OTHER THAN INCOME TAX 600.00
LEGAL EXPENSES 2,679.90
CORPORATE FEES AND EXPENSES 1,217.95
TOTAL EXPENSES 4,664.65
NET INCOME (LOSS) $ 0.00<PAGE>
3
SOUTHERN ELECTRIC RAILROAD COMPANY
BALANCE SHEET DETAILS
JUNE 30, 1994
PROPERTY AND OTHER INVESTMENTS
ORGANIZATION $ 1,668.21
ACCUMULATED AMORITIZATION 305.80
ORGANIZATIONAL COSTS - NET $ 1,362.41
CONSTRUCTION-WORK-IN-PROGRESS
CONSTRUCTION-WORK-IN-PROGRESS (CWIP):
ALABAMA POWER COMPANY $3,190,389.91
SAVANNAH ELECTRIC AND POWER CO. 261,136.78
TOTAL CWIP 3,451,526.69
LESS: CWIP BILLED
ALABAMA POWER COMPANY $3,190,389.91
SAVANNAH ELECTRIC AND POWER CO. 261,136.78
TOTAL CWIP BILLED 3,451,526.69
NET CONSTRUCTION-WORK-IN-PROGRESS $0.00
CURRENT ASSETS
CASH - NATIONSBANK $ 3,973.25
ACCOUNTS RECEIVABLE
ALABAMA POWER COMPANY $15,238.46
SAVANNAH ELECTRIC AND POWER COMPANY 14,142.90
TOTAL ACCOUNTS RECEIVABLE $29,381.36
CURRENT LIABILITIES
SOUTHERN COMPANY SERVICES, INC. $29,717.02<PAGE>
4
SOUTHERN ELECTRIC RAILROAD COMPANY
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1994
1. General
Description
Southern Electric Railroad Company (SERC) is a wholly owned
subsidiary of The Southern Company (Southern). Southern is
registered as a holding company under the Public Utility
Holding Company Act of 1935 (PUHCA). Other companies owned
by Southern include five operating companies, a system
service company, Southern Electric International, Inc., The
Southern Development and Investment Group, Inc., Southern
Nuclear Operating Company, Southern Electric Bahamas
Holdings Ltd., Southern Electric International Holdings,
Inc. and Southern Electric Wholesale Generators.
SERC is currently designing and constructing railroad
facilities to be owned by various operating company
subsidiaries of Southern. During the construction period,
construction work in progress is reflected on the books of
the operating company. However, SERC continues to hold
title. After construction is completed, SERC will transfer
title to the appropriate operating company but hold an
easement granting sole authority to operate and maintain the
facilities. All services are provided at cost.
2. SERC has authorized capital stock of 100,000 shares of one
dollar ($1.00) par value common stock. Southern owns all
5,000 shares currently outstanding.<PAGE>
