SEVENTH BANK LOAN CERTIFICATE OF NOTIFICATION
(Fourth Quarter - 1993)
Filed by
THE SOUTHERN COMPANY
ALABAMA POWER COMPANY
GEORGIA POWER COMPANY
GULF POWER COMPANY
MISSISSIPPI POWER COMPANY
SAVANNAH ELECTRIC AND POWER COMPANY
SOUTHERN ELECTRIC GENERATING COMPANY
Pursuant to orders of the Securities and Exchange Commission
dated March 31, 1992 and November 30, 1993, in the matter of File
No. 70-7937.
The Southern Company (SOUTHERN), Alabama Power Company (ALABAMA),
Georgia Power Company (GEORGIA), Gulf Power Company (GULF),
Mississippi Power Company (MISSISSIPPI) and Savannah Electric and
Power Company (SAVANNAH) hereby certify to said Commission,
pursuant to Rule 24, that, in accordance with the terms and
conditions of and for the purposes represented by the statement
on Form U-1, as amended, in the above matter and of said orders
with respect thereto, during the fourth quarter of 1993, the
above-mentioned companies issued or retired commercial paper,
short-term notes/bank borrowings or term loans from banks as
follows:
SOUTHERN
Total short-term notes outstanding/bank borrowings at end of
fourth quarter 1993 - $221,700,000.
ALABAMA
Total short-term notes outstanding/bank borrowings at end of
fourth quarter 1993 - $40,000,000.
GEORGIA
Total short-term notes outstanding/bank borrowings at end of
fourth quarter 1993 - $443,700,000
GULF
Total short-term notes outstanding/bank borrowings at end of
fourth quarter 1993 - $25,000,000.
MISSISSIPPI
Total short-term notes outstanding/bank borrowings at end of
fourth quarter 1993 - $40,000,000.
SAVANNAH
Total short-term notes outstanding/bank borrowings at end of
fourth quarter 1993 - $3,000,000.
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ALABAMA
Commercial Paper
Issue Maturity Principal Discount
Date Date Issuer Amount Rate
10/05/93 11/04/93 Bank of America $11,000,000 3.120%
10/12/93 11/09/93 Bank of America 8,020,000 3.110
10/14/93 10/25/93 Merrill Lynch 5,005,000 3.050
10/14/93 11/08/93 Merrill Lynch 9,020,000 3.090
11/01/93 11/04/93 Merrill Lynch 20,006,000 3.130
11/01/93 11/04/93 First Boston 23,000,000 3.130
11/02/93 11/04/93 Bank of America 5,000,000 3.050
11/12/93 12/06/93 Merrill Lynch 2,005,000 3.120
Commercial Paper outstanding
at end of fourth quarter 1993 $-0-
GEORGIA
Commercial Paper
Issue Maturity Principal Discount
Date Date Issuer Amount Rate
12/02/93 01/11/94 Lehman Securities $19,920,000 3.60%
12/02/93 01/11/94 Merrill Lynch 19,920,000 3.60
10/19/93 01/19/94 Lehman Securities 17,843,600 3.40
10/19/93 01/19/94 Merrill Lynch 17,843,600 3.40
Commercial Paper outstanding
at end of fourth quarter 1993 $75,527,200
-2-
<PAGE>
Southern Electric Generating Company (SEGCO) hereby certifies to
said Commission, pursuant to Rule 24, that, in accordance with
the terms and conditions of and for the purposes represented by
the statement on Form U-1, as amended, in the above matter and of
said orders with respect thereto, SEGCO, during the fourth
quarter of 1993, on the dates indicated below, issued short-term
notes/bank borrowings or term loans from banks and other lenders
as follows:
AMSOUTH BANK OF ALABAMA, N.A.
Interest Principal
Loan Date Due Date Rate Amount
10/12/93 12/09/93 3.52% $ 3,150,000
11/09/93 12/09/93 3.59 6,850,000
12/09/93 01/12/94 3.71 10,000,000
SOUTHTRUST BANK AL., N.A.
Interest Principal
Loan Date Due Date Rate Amount
11/09/93 12/09/93 3.59% $ 5,400,000
11/24/93 12/09/93 3.60 3,600,000
12/09/93 01/12/94 3.89 3,200,000
12/22/93 01/12/94 3.70 3,800,000
12/30/93 01/12/94 3.66 1,300,000
CENTRAL BANK
Interest Principal
Loan Date Due Date Rate Amount
10/25/93 12/09/93 3.52% $ 3,300,000
11/09/93 12/09/93 3.51 6,700,000
12/09/93 01/12/94 3.70 10,000,000
FIRST ALABAMA BANK
Interest Principal
Loan Date Due Date Rate Amount
10/12/93 12/09/93 3.54 $10,000,000
12/09/93 01/12/94 3.45 10,000,000
-3-
<PAGE>
NATIONSBANK
Interest Principal
Loan Date Due Date Rate Amount
10/12/93 12/09/93 3.5625% $10,000,000
12/15/93 01/12/94 3.6875 1,600,000
TRUST COMPANY BANK
Interest Principal
Loan Date Due Date Rate Amount
12/09/93 01/12/94 3.6000% $10,000,000
FIRST UNION NATIONAL BANK OF GEORGIA
Interest Principal
Loan Date Due Date Rate Amount
11/09/93 12/09/93 3.5700% $10,000,000
12/09/93 01/12/94 3.7500 10,000,000
Attached are the following exhibits:
Exhibit
A-2(b)(2) Ninth Note Modification Agreement from SEGCO
to Trust Company Bank.
A-2(f)(2) Sixth Note Modification Agreement from SEGCO
to First Union National Bank of Georgia.
A-3(a) List of lending banks, setting forth the
maximum amount to be borrowed from each by
ALABAMA.
A-3(e) List of lending banks, setting forth the
maximum amount to be borrowed from each by
SAVANNAH.
-4-
<PAGE>
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused
this certificate to be signed on their behalf by the undersigned
thereunto duly authorized.
Dated: January 28, 1994
ALABAMA POWER COMPANY
By: /s/ Wayne Boston
Wayne Boston, Assistant Secretary
GEORGIA POWER COMPANY
By: /s/ Wayne Boston
Wayne Boston, Assistant Secretary
GULF POWER COMPANY
By: /s/ Wayne Boston
Wayne Boston, Assistant Secretary
MISSISSIPPI POWER COMPANY
By: /s/ Wayne Boston
Wayne Boston, Assistant Secretary
SAVANNAH ELECTRIC AND POWER COMPANY
By: /s/ Wayne Boston
Wayne Boston, Assistant Secretary
SOUTHERN ELECTRIC GENERATING COMPANY
By: /s/ Wayne Boston
Wayne Boston, Assistant Secretary
THE SOUTHERN COMPANY
By: /s/ Tommy Chisholm
Tommy Chisholm, Secretary
-5-
<PAGE>
Exhibit A-2(b)(2)
NINTH NOTE MODIFICATION AGREEMENT
THIS AGREEMENT, dated this 3rd day of May, 1993, between
SOUTHERN ELECTRIC GENERATING COMPANY, an Alabama corporation
("Borrower"), and TRUST COMPANY BANK ("Bank").
RECITALS
Borrower is indebted to Bank pursuant to its Promissory
Note, dated April 15, 1986, as heretofore amended, in the face
amount of $10,000,000 ("Note").
Borrower and Bank desire to further amend the Note as herein
provided.
AGREEMENT
NOW, THEREFORE, the parties agree as follows:
1. The maturity date of the Note is hereby extended from
May 31, 1994 to May 31, 1995, by deleting the words and figures
"May 31, 1994," as the same appear at the end of the first full
paragraph of the Note and inserting in lieu thereof the words and
figures "May 31, 1995."
2. Bank shall attach an executed copy of this Agreement to
the original, executed Note, and the same shall be and become a
part thereof.
3. Except as herein and heretofore amended, the Note shall
remain in full force and effect, and the Note, as so amended, is
hereby ratified and affirmed.
<PAGE>
-2-
IN WITNESS WHEREOF, Borrower and Bank have executed this
Agreement, the day and year first above written.
SOUTHERN ELECTRIC GENERATING COMPANY
By: /s/ William lB. Hutchins, III
Its Treasurer
TRUST COMPANY BANK
By: /s/ J. Christopher Deisley
Its Vice President
<PAGE>
Exhibit A-2(f)(2)
SIXTH NOTE MODIFICATION AGREEMENT
THIS AGREEMENT, dated this 3rd day of May, 1993, between
SOUTHERN ELECTRIC GENERATING COMPANY, an Alabama corporation
("Borrower"), and FIRST UNION NATIONAL BANK OF GEORGIA ("Bank").
RECITALS
Borrower is indebted to Bank pursuant to its Promissory
Note, dated January 3, 1989, as heretofore amended, in the face
amount of $10,000,000, ("Note").
Borrower and Bank desire to further amend the Note as herein
provided.
AGREEMENT
NOW, THEREFORE, the parties agree as follows:
1. The maturity date of the Note is hereby extended from
June 30, 1994 to June 30, 1995 by deleting the words
and figures "June 30, 1994" as the same appear at the
end of the first full paragraph of the Note and
inserting in lieu thereof the words and figures "June
30, 1995."
2. Bank shall attach an executed copy of this Agreement to
the original, executed Note, and the same shall be and
become a part thereof.
3. Except as herein amended, the Note shall remain in full
force and effect; and the Note, as so amended, is
hereby ratified and affirmed.
<PAGE>
-2-
IN WITNESS WHEREOF, Borrower and Bank have executed this
Agreement, the day and year first above written.
SOUTHERN ELECTRIC GENERATING COMPANY
By /s/ William B. Hutchins, III
Its Treasurer
FIRST UNION NATIONAL BANK OF GEORGIA
By /s/ Mara G. Holley
Its Vice President
<PAGE>
EXHIBIT A-3(a)
LIST OF LENDING BANKS SETTING FORTH THE
MAXIMUM AMOUNT TO BE BORROWED FROM EACH
Name and Address of Bank Amount
Citibank, N.A., New York, New York *100,000,000
The Chase Manhattan Bank, N.A., New York, New York *100,000,000
Chemical Bank, New York, New York +*100,000,000
Morgan Guaranty Trust Company of New York,
New York, New York *100,000,000
Bank of America National Trust and Savings
Association, New York, New York +*150,000,000
Bank of Nova Scotia, New York New York *20,000,000
Bank of New York, New York, New York +*25,000,000
Barclays Bank PLC, New York, New York +*150,000,000
Swiss Bank, New York, New York *175,000,000
The Fuji Bank, Limited, Atlanta, Georgia +20,000,000
Bank of the South, Abbeville, Alabama 500,000
The First National Bank of Alexander City,
Alexander City, Alabama 1,000,000
First National Bank of Pickens County, Aliceville,
Alabama 300,000
The First National Bank of Ashford, Ashford, Alabama 650,000
The First National Bank, Ashland, Alabama 350,000
Ashville Savings Bank, Ashville, Alabama 150,000
The First National Bank of Atmore, Atmore, Alabama 300,000
United Bank, Atmore, Alabama 1,000,000
The Exchange Bank, Attalla, Alabama 200,000
*These amounts are in addition to the commitments available from
these banks under revolving credit agreements.
+These amounts are in addition to the commitments available from
these banks under committed line of credit agreements.
<PAGE>
-2-
Name and Location of Bank Amount
Auburn National Bank, Auburn, Alabama 1,000,000
Bank of Berry, Berry, Alabama 100,000
AmSouth Bank, N.A., Birmingham, Alabama 46,000,000
Central Bank of the South, Birmingham, Alabama 16,000,000
First Alabama Bank of Birmingham, Birmingham, Alabama 37,000,000
First Commercial Bank, Birmingham, Alabama 2,000,000
National Bank of Commerce, Birmingham, Alabama 3,000,000
SouthTrust Bank of Alabama, N.A., Birmingham,
Alabama 25,000,000
Steiner Bank, Birmingham, Alabama 250,000
Colonial Bank, Birmingham, Alabama 7,500,000
Brantley Bank & Trust Co., Brantley, Alabama 200,000
Brent Banking Company, Brent, Alabama 400,000
Bank of Brewton, Brewton, Alabama 1,000,000
First National Bank, Brewton, Alabama 500,000
The First National Bank of Brundidge,
Brundidge, Alabama 250,000
Central State Bank, Calera, Alabama 50,000
Camden National Bank, Camden, Alabama 350,000
Town-Country National Bank, Camden, Alabama 400,000
Bank of Carbon Hill, Carbon Hill, Alabama 300,000
West Alabama Bank & Trust, Carrollton, Alabama 800,000
The Peoples Bank of Alabama, Centreville, Alabama 500,000
City Bank of Childersburg, Childersburg, Alabama 100,000
First Bank Childersburg, Childersburg, Alabama 225,000
The Peoples Savings Bank, Clanton, Alabama 100,000
First National Bank of Columbiana, Columbiana, Alabama 100,000
Bank of Dadeville, Dadeville, Alabama 300,000
<PAGE>
-3-
Name and Location of Bank Amount
Robertson Banking Company, Demopolis, Alabama 500,000
The Commercial National Bank, Demopolis, Alabama 100,000
The First National Bank of Dozier, Dozier, Alabama 400,000
The Citizens Bank, Enterprise, Alabama 300,000
Eufaula Bank & Trust Company, Eufaula, Alabama 500,000
Barbour County Bank, Eufaula, Alabama 300,000
Merchants & Farmers Bank of Greene County, Eutaw, Alabama 400,000
The Citizens Bank of Fayette, Fayette, Alabama 500,000
First Bank of Fayette, Fayette, Alabama 1,300,000
Escambia County Bank, Flomaton, Alabama 300,000
First Lowndes Bank, Fort Deposit, Alabama 100,000
The Fort Deposit Bank, Fort Deposit, Alabama 260,000
The American Bank, Geneva, Alabama 500,000
The Citizens Bank, Geneva, Alabama 500,000
Citizens Bank of Greensboro, Greensboro, Alabama 200,000
Peoples Bank of Greensboro, Greensboro, Alabama 100,000
The First National Bank of Greenville,
Greenville, Alabama 600,000
First Bank and Trust, Grove Hill, Alabama 500,000
Traders & Farmers Bank, Haleyville, Alabama 500,000
First National Bank of Hamilton, Hamilton, Alabama 800,000
The First National Bank of Hartford, Hartford, Alabama 300,000
The Headland National Bank, Headland, Alabama 200,000
Merchants Bank, Jackson, Alabama 200,000
First National Bank, Jasper, Alabama 2,500,000
The Citizens Bank of Leeds, Leeds, Alabama 265,000
First State Bank of Clay County, Lineville, Alabama 300,000
<PAGE>
-4-
Name and Location of Bank Amount
Marion Bank and Trust Company, Marion, Alabama 300,000
The Perry County Bank, Marion, Alabama 300,000
Merchants & Farmers Bank, Millport, Alabama 250,000
Commonwealth National Bank, Mobile, Alabama 75,000
The Monroe County Bank, Monroeville, Alabama 1,000,000
Merchants & Planters Bank, Montevallo, Alabama 200,000
Union Bank & Trust Co., Montgomery, Alabama 4,000,000
The Commercial Bank of Ozark, Ozark, Alabama 200,000
The Bank of Parrish, Parrish, Alabama 200,000
Peterman State Bank, Peterman, Alabama 100,000
CB&T Bank of Russell County, Phenix City, Alabama 1,000,000
Phenix-Girard Bank, Phenix City, Alabama 425,000
Bank of Prattville, Prattville, Alabama 500,000
First Bank, Roanoke, Alabama 100,000
The Commercial Bank of Roanoke, Alabama,
Roanoke, Alabama 400,000
The Peoples Bank and Trust Company, Selma, Alabama 700,000
The Slocomb National Bank, Slocomb, Alabama 300,000
First State Bank of Lamar County, Sulligent, Alabama 100,000
The City National Bank of Sylacauga, Sylacauga, Alabama 300,000
The First National Bank in Sylacauga,
Sylacauga, Alabama 1,000,000
The First National Bank of Talladega, Talladega, Alabama1,000,000
The Bank of Tallassee, Tallassee, Alabama 500,000
United Security Bank, Thomasville, Alabama 1,000,000
First State Bank of Tuscaloosa, Tuscaloosa, Alabama 200,000
Alabama Exchange Bank, Tuskegee, Alabama 300,000
The American National Bank, Union Springs, Alabama 300,000
The First National Bank, Union Springs, Alabama 300,000
<PAGE>
-5-
Name and Location of Bank Amount
Citizens National Bank, Valley, Alabama 550,000
Warrior Savings Bank, Warrior, Alabama 200,000
Bank of Wedowee, Wedowee, Alabama 100,000
First State Bank of Bibb County, West Blocton, Alabama 100,000
The First National Bank of Wetumpka, Wetumpka, Alabama 1,000,000
The Citizens Bank of Winfield, Winfield, Alabama 960,000
Bank of York, York, Alabama 750,000
$1,119,010,000
<PAGE>
Exhibit A-3(e)
SAVANNAH ELECTRIC AND POWER COMPANY
LIST OF LENDING BANKS SETTING FORTH THE
MAXIMUM AMOUNT TO BE BORROWED FROM EACH
AS OF 1/2/94
BANK AMOUNT
TERRITORIAL
NationsBank of Georgia, N. A. $ 7,000,000*
Wachovia Bank of Georgia 3,500,000*
First Union Bank of Savannah 3,500,000
Trust Company Bank 5,000,000
Bank South, N. A. 1,500,000
$20,500,000
NON TERRITORIAL
None
* Also maintain an uncommitted line for $10 million.
Also we have with each of the above banks a $5 million
special Revolving Line of Credit for use on the CT Project
except for Bank South.
<PAGE>
