CERTIFICATE OF NOTIFICATION
filed by
THE SOUTHERN COMPANY
SOUTHERN ELECTRIC INTERNATIONAL, INC.
THE SOUTHERN DEVELOPMENT AND INVESTMENT GROUP, INC.
formerly THE SOUTHERN INVESTMENT GROUP, INC.
Pursuant to order of the Securities and Exchange Commission dated
October 20, 1987, in the matter of File No. 70-7209.
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The above named companies HEREBY CERTIFY to said Commission,
pursuant to Rule 24, that the following transactions have been
carried out in accordance with the terms and conditions of and
for the purposes represented by the statement on Form U-1, as
amended, and of said order with respect thereto. The items
listed below are in response to the reporting criteria as
established by Amendment No. 5 in this proceeding. Such
information, as of March 31, 1994, is as follows:
Item Response
(1) Amounts and forms of In December, 1991, SEI
investments, and contributed approximately $5
obligations of each million in equity in the
project undertaken Kalaeloa Project located in
pursuant to the authority Oahu, Hawaii. An SEWG
requested in Items 1.1 subsidiary, SEI Birchwood,
and 1.2 Inc., entered into a Power
Purchase and Operating
Agreement with Virginia
Electric and Power Company as
of July 13, 1990 in connection
with a generation plant to be
built in Virginia. As of
March 31, 1994, SEI had
expended from working capital
approximately $68 million on
project development.
(2) Amounts and forms of:
(i) guarantees and
similar provisions and
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arrangements concerning
the Subsidiaries'
performance and
undertaking of other None
obligations and
(ii) indemnifications of
and with respect to
persons acting as surety
on bonds or other
obligations on behalf of
the Subsidiaries, in
which Southern has
agreed, in the context of
project bids made by the
Subsidiaries, to grant in
the event any such bids
made by the Subsidiaries
are accepted by the bid None
issuers;
The form of this arrangement
(3) Amounts and forms of: is a guarantee by The Southern
(i) guarantees and Company.
similar provisions and
arrangements concerning The Southern Company has also
the Subsidiaries' entered into a Support
performance and Agreement pursuant to which it
undertaking of other has agreed to set aside
obligations, which $2,500,000 of its $125,000,000
Southern has actually funding authority for the
granted and are currently Subsidiaries and to make it
effective, and available to Southern Electric
International, Inc. so that
Southern Electric
International, Inc. can meet
certain of its own
obligations.
(ii) indemnifications of
and with respect to
persons acting as surety
on bonds or other
obligations on behalf of None
the Subsidiaries, which
Southern has actually
granted and are currently
effective.
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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 THE SOUTHERN COMPANY
By /s/ Tommy Chisholm
Tommy Chisholm, Secretary
SOUTHERN ELECTRIC INTERNATIONAL, INC.
By /s/ Tommy Chisholm
Tommy Chisholm, Secretary
THE SOUTHERN DEVELOPMENT AND
INVESTMENT GROUP, INC. (formerly
The Southern Investment Group, Inc.)
By /s/ Tommy Chisholm
Tommy Chisholm, Secretary
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