EIGHTH BANK LOAN CERTIFICATE OF NOTIFICATION
(First Quarter - 1994)
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 first quarter of 1994, 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
first quarter 1994 - $86,200,000.
ALABAMA
Total short-term notes outstanding/bank borrowings at end of
first quarter 1994 - $47,000,000.
GEORGIA
Total short-term notes outstanding/bank borrowings at end of
first quarter 1994 - $49,751,486.
GULF
Total short-term notes outstanding/bank borrowings at end of
first quarter 1994 - $33,500,000.
MISSISSIPPI
Total short-term notes outstanding/bank borrowings at end of
first quarter 1994 - $29,000,000.
SAVANNAH
Total short-term notes outstanding/bank borrowings at end of
first quarter 1994 - $2,000,000.
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ALABAMA
Commercial Paper
Issue Maturity Principal Discount
Date Date Issuer Amount Rate
01/03/94 01/27/94 First Boston $29,936,400 3.18%
01/03/94 02/01/94 Merrill Lynch 20,000,633 3.18
01/04/94 02/15/94 Bank of America 39,852,533 3.16
01/13/94 01/27/94 Bank of America 20,001,326 3.04
01/27/94 02/22/94 Bank of America 4,988,950 3.06
01/31/94 02/28/94 First Boston 9,976,044 3.08
02/01/94 03/01/94 Merrill Lynch 10,000,829 3.10
02/04/94 03/15/94 Bank of America 13,952,680 3.12
02/22/94 03/31/94 First Boston 25,000,108 3.37
02/22/94 03/23/94 First Boston 20,000,556 3.37
03/01/94 03/29/94 Bank of America 13,962,869 3.41
03/01/94 04/12/94 Bank of America 9,959,400 3.48
03/07/94 03/29/94 Bank of America 4,989,458 3.45
03/07/94 03/29/94 First Boston 5,000,435 3.45
03/29/94 04/26/94 First Boston 15,000,645 3.62
03/31/94 04/26/94 Bank of America 18,002,940 3.61
Commercial Paper outstanding
at end of first quarter 1994 $42,962,985
GEORGIA
Commercial Paper
Issue Maturity Principal Discount
Date Date Issuer Amount Rate
01/20/94 03/29/94 Lehman Securities $17,889,500 3.25%
01/20/94 03/16/94 Merrill Lynch 17,910,625 3.25
02/28/94 04/29/94 Merrill Lynch 14,906,500 3.74
02/28/94 04/27/94 Lehman Securities 14,909,375 3.75
03/28/94 04/27/94 Merrill Lynch 9,968,333 3.80
03/28/94 04/28/94 Merrill Lynch 9,967,278 3.80
Commercial Paper outstanding
at end of first quarter 1994 $49,751,486
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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 first quarter
of 1994, 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
01/12/94 02/09/94 3.52% $ 4,600,000
01/24/94 02/09/94 3.52 1,900,000
02/01/94 02/09/94 3.52 900,000
02/09/94 03/09/94 3.72 10,000,000
03/09/94 04/11/94 3.99 10,000,000
SOUTHTRUST BANK AL., N.A.
Interest Principal
Loan Date Due Date Rate Amount
02/15/94 03/09/94 3.78% $ 1,000,000
02/24/94 03/09/94 3.78 3,800,000
03/15/94 04/11/94 3.89 800,000
03/24/94 04/11/94 4.03 3,600,000
COMPASS BANK
Interest Principal
Loan Date Due Date Rate Amount
01/12/94 04/11/94 3.50% $10,000,000
FIRST ALABAMA BANK
Interest Principal
Loan Date Due Date Rate Amount
01/12/94 02/09/94 3.46% $10,000,000
02/09/94 03/09/94 3.70 10,000,000
03/09/94 05/10/94 3.88 10,000,000
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NATIONSBANK
Interest Principal
Loan Date Due Date Rate Amount
01/12/94 03/09/94 3.5625% $10,000,000
03/09/94 04/11/94 4.0000 10,000,000
TRUST COMPANY BANK
Interest Principal
Loan Date Due Date Rate Amount
01/12/94 02/09/94 3.50% $10,000,000
02/09/94 03/09/94 3.75 10,000,000
03/09/94 04/11/94 4.00 5,100,000
FIRST UNION NATIONAL BANK OF GEORGIA
Interest Principal
Loan Date Due Date Rate Amount
01/12/94 02/09/94 3.51% $10,000,000
02/09/93 03/09/94 3.76 5,900,000
03/09/94 05/10/94 4.03 10,000,000
Attached are the following exhibits:
Exhibit
A-3(e) List of lending banks, setting forth the
maximum amount to be borrowed from each by
SAVANNAH.
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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: May 2, 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/ Wayne Boston
Tommy Chisholm, Secretary
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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 2/15/94
BANK AMOUNT DATE
TERRITORIAL
NationsBank of Georgia, N. A. $ 7,000,000* 6/01/94
Wachovia Bank of Georgia 3,500,000* 6/30/94
First Union Bank of Savannah 3,500,000 4/30/94
Trust Company Bank 5,000,000 1/31/95
Bank South, N. A. 1,500,000 12/31/94
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.
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