ELEVENTH BANK LOAN CERTIFICATE OF NOTIFICATION
(Fourth 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, November 30, 1993 and February 16, 1994, 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 1994, the
above-mentioned companies issued or retired commercial paper,
short-term notes/bank borrowings or term loans from banks (with
maturities of up to three years from the date of borrowing) as
follows:
SOUTHERN
Total short-term notes outstanding/bank borrowings at the
end of fourth quarter 1994 - $305,000,000.
ALABAMA
No short-term notes/bank borrowings were outstanding at end
of fourth quarter 1994.
GEORGIA
Total short-term notes outstanding/bank borrowings at end of
fourth quarter 1994 - $239,200,000.
GULF
Information filed in a separate Certificate of Notification
under File No. 70-8397.
MISSISSIPPI
Total short-term notes outstanding/bank borrowings at end of
fourth quarter 1994 - $85,000,000.
SAVANNAH
Total short-term notes outstanding/bank borrowings at end of
fourth quarter 1994 - $11,000,000. <PAGE>
ALABAMA
Commercial Paper
Issue Maturity Principal Discount
Date Date Issuer Amount Rate
10/03/94 10/07/94 First Boston $14,008,000 4.8000%
10/05/94 10/25/94 Bank of America 11,050,000 4.950
10/05/94 10/20/94 Merrill Lynch 8,017,000 4.860
10/07/94 10/21/94 First Boston 8,016,000 4.920
10/24/94 11/22/94 Merrill Lynch 20,079,000 4.870
10/26/94 11/15/94 Bank of America 6,020,000 4.830
10/28/94 11/15/94 Merrill Lynch 4,010,000 4.800
11/01/94 11/08/94 Bank of America 10,010,000 4.750
11/01/94 12/08/94 Merrill Lynch 42,217,000 4.980
11/04/94 12/08/94 Bank of America 4,020,000 5.070
11/10/94 12/08/94 First Boston 6,025,000 5.220
11/14/94 12/08/94 Bank of America 26,100,000 5.280
11/22/94 12/13/94 First Boston 6,000,000 5.520
12/01/94 12/20/94 Merrill Lynch 7,021,000 5.560
12/05/94 12/22/94 First Boston 10,027,000 5.570
12/06/94 12/22/94 First Boston 31,077,000 5.520
12/08/94 12/22/94 Bank of America 9,020,000 5.450
12/15/94 12/30/94 Merrill Lynch 27,178,000 5.530
12/15/94 12/30/94 Merrill Lynch 50,000,000 5.530
12/15/94 12/30/94 Merrill Lynch 179,000 5.530
12/22/94 12/30/94 Merrill Lynch 50,000,000 5.530
12/22/94 12/30/94 Merrill Lynch 50,000,000 5.530
12/22/94 12/30/94 Merrill Lynch 5,130,000 5.530
12/30/94 01/03/95 Bank of America 50,000,000 5.880
12/30/94 01/03/95 Bank of America 50,000,000 5.880
12/30/94 01/03/95 Bank of America 50,000,000 5.880
12/30/94 01/03/95 Bank of America 30,000,000 5.880
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GEORGIA
Commercial Paper
Issue Maturity Principal Discount
Date Date Issuer Amount Rate
10/04/94 11/03/94 Lehman Brothers $10,600,000 5.03%
10/04/94 11/03/94 Merrill Lynch 5,000,000 5.03
10/04/94 11/03/94 Lehman Brothers 30,000,000 5.03
10/04/94 11/10/94 Merrill Lynch 35,600,000 5.03
10/19/94 11/18/94 Merrill Lynch 10,000,000 4.90
10/18/94 11/18/94 Lehman Brothers 20,000,000 4.91
11/18/94 11/28/94 NationsBank 1,000,000 5.50
10/28/94 11/28/94 Lehman Brothers 10,300,000 4.90
11/18/94 11/30/94 NationsBank 3,000,000 5.50
11/18/94 11/30/94 Merrill Lynch 25,000,000 5.50
11/01/94 12/01/94 NationsBank 7,000,000 4.98
11/01/94 12/01/94 Merrill Lynch 12,050,000 4.98
10/31/94 12/01/94 NationsBank 2,000,000 4.94
11/03/94 12/02/94 Merrill Lynch 20,000,000 5.05
11/03/94 12/05/94 NationsBank 15,000,000 5.05
11/03/94 12/05/94 Lehman Brothers 10,600,000 5.05
11/01/94 12/05/94 NationsBank 5,000,000 4.98
11/04/94 12/06/94 NationsBank 12,500,000 5.10
11/21/94 12/09/94 NationsBank 4,000,000 5.54
11/21/94 12/13/94 Lehman Brothers 10,000,000 5.55
11/21/94 12/13/94 NationsBank 20,800,000 5.54
12/09/94 12/16/94 Merrill Lynch 4,000,000 5.48
12/06/94 12/16/94 NationsBank 12,500,000 5.50
12/05/94 12/16/94 Lehman Brothers 30,600,000 5.55
11/10/94 01/05/95 NationsBank 1,000,000 5.65
11/10/94 01/09/95 Merrill Lynch 15,600,000 5.65
11/10/94 01/09/95 Lehman Brothers 10,000,000 5.65
11/10/94 01/12/95 NationsBank 9,000,000 5.65
11/28/94 01/25/95 NationsBank 1,000,000 5.80
11/30/94 01/30/95 Lehman Brothers 8,000,000 6.00
11/30/94 01/30/95 NationsBank 10,000,000 6.00
11/01/94 01/30/95 Lehman Brothers 20,000,000 5.52
10/31/94 01/30/95 Merrill Lynch 3,300,000 5.50
10/31/94 01/30/95 NationsBank 1,150,000 5.48
11/30/94 01/31/95 Merrill Lynch 10,000,000 6.00
10/31/94 01/31/95 Merrill Lynch 6,700,000 5.50
11/28/94 02/01/95 NationsBank 10,300,000 5.80
12/02/94 02/02/95 NationsBank 20,000,000 6.12
12/01/94 02/03/95 Merrill Lynch 21,050,000 6.00
12/13/94 02/08/95 Lehman Brother 5,000,000 6.18
12/13/94 02/08/95 NationsBank 15,800,000 6.18
12/13/94 02/10/95 Merrill Lynch 10,000,000 6.18
12/16/94 02/14/95 NationsBank 12,500,000 6.12
12/16/94 02/14/95 Merrill Lynch 17,300,000 6.12
12/16/94 02/15/95 Lehman Brothers 17,300,000 6.13
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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 fourth
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
10/11/94 11/09/94 5.550% $ 6,000,000
10/24/94 11/09/94 5.230 4,000,000
10/24/94 11/09/94 5.230 710,000
11/09/94 12/09/94 5.680 10,000,000
12/09/94 01/12/95 6.490 10,000,000
SOUTHTRUST BANK AL., N.A.
Interest Principal
Loan Date Due Date Rate Amount
10/11/94 11/09/94 5.550% $6,490,000
11/09/94 12/09/94 5.690 9,700,000
COMPASS BANK
Interest Principal
Loan Date Due Date Rate Amount
10/11/94 12/09/94 5.3125% $10,000,000
12/09/94 01/12/95 6.5000 10,000,000
FIRST ALABAMA BANK
Interest Principal
Loan Date Due Date Rate Amount
11/09/94 01/12/95 5.60% $10,000,000
NATIONSBANK
Interest Principal
Loan Date Due Date Rate Amount
11/15/94 12/09/94 5.8150% $ 450,000
11/23/94 12/09/94 5.9350 2,400,000
12/09/94 01/12/95 6.5050 850,000
12/15/94 01/12/95 6.5000 1,500,000
12/22/94 01/12/95 6.3750 1,500,000
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TRUST COMPANY BANK
Interest Principal
Loan Date Due Date Rate Amount
10/07/94 10/11/94 5.3125% $ 170,000
10/11/94 11/09/94 5.3125 10,000,000
12/09/94 01/12/95 6.5000 10,000,000
FIRST UNION NATIONAL BANK OF GEORGIA
Interest Principal
Loan Date Due Date Rate Amount
11/09/94 12/09/94 5.5600% $10,000,000
12/09/94 01/12/95 6.5000 10,000,000
Attached are the following exhibit:
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: January 31, 1995
ALABAMA POWER COMPANY
By: Wayne Boston
Wayne Boston, Assistant Secretary
GEORGIA POWER COMPANY
By: Wayne Boston
Wayne Boston, Assistant Secretary
GULF POWER COMPANY
By: Wayne Boston
Wayne Boston, Assistant Secretary
MISSISSIPPI POWER COMPANY
By: Wayne Boston
Wayne Boston, Assistant Secretary
SAVANNAH ELECTRIC AND POWER COMPANY
By: Wayne Boston
Wayne Boston, Assistant Secretary
SOUTHERN ELECTRIC GENERATING COMPANY
By: Wayne Boston
Wayne Boston, Assistant Secretary
THE SOUTHERN COMPANY
By: Tommy Chisholm
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 1/1/95 (revised 1/4/95)
EXPIRATION
NAME OF BANK LINE OF CREDIT DATE
TERRITORIAL
NationsBank of Georgia, N. A. $ 7,000,000* 6/01/95
Wachovia Bank of Georgia 3,500,000* 6/29/95
First Union Bank of Savannah 3,500,000 4/29/95
Trust Company Bank** 5,000,000 1/31/95
Bank South, N. A. 1,500,000 1/31/95
NON TERRITORIAL
None
* Also maintain an uncommitted line for $10 million.
** Increased line of $5 mil. effec. 2/1/94
Also we have a $20 million special Revolving Line of Credit
for use on the CT Project with NationsBank ($10), Wachovia
($5), and Trust Company ($5).<PAGE>
