File No. 70-8725
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM U-1
Amendment No. 2
to
APPLICATION OR DECLARATION
under
The Public Utility Holding Company Act of 1935
THE SOUTHERN COMPANY
64 Perimeter Center East
Atlanta, Georgia 30346
(Name of company or companies filing this statement
and addresses of principal executive offices)
THE SOUTHERN COMPANY
(Name of top registered holding company parent
of each applicant or declarant)
Tommy Chisholm, Secretary
The Southern Company
64 Perimeter Center East
Atlanta, Georgia 30346
(Names and addresses of agents for service)
The Commission is requested to mail signed copies of all
orders, notices and communications to:
W. L. Westbrook Thomas G. Boren, President
Financial Vice President Southern Electric International, Inc.
The Southern Company 900 Ashwood Parkway
64 Perimeter Center East Suite 500
Atlanta, Georgia 30346 Atlanta, Georgia 30338
John D. McLanahan, Esq.
Troutman Sanders LLP
600 Peachtree Street, N.E.
Suite 5200
Atlanta, Georgia 30308-2216
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INFORMATION REQUIRED
The Application or Declaration in this proceeding, as
heretofore amended by Amendment No. 1, is further amended by
restating Item 1.5 - Proposed Increase in Financing of Exempt
Projects, in its entirety, as follows:
"For the reasons stated above, Southern hereby requests that
the Commission exempt Southern from the requirements of Rule
53(a)(1) such that Southern may use the net proceeds of common
stock sales, borrowings and Guaranties under the Financing Orders
in an aggregate amount at any time outstanding which, when added
to Southern's direct and indirect "aggregate investment" in all
Exempt Projects, would not at any time exceed Southern's
"consolidated retained earnings." Based on Southern's current
"aggregate investment" in all Exempt Projects (approximately
$1.244 billion) and "consolidated retained earnings" at June 30,
1995 (approximately $3.213 billion), such limitation would allow
financing of additional investments in Exempt Projects of
approximately $1.97 billion.
Southern is not herein requesting any authority to issue and
sell any additional common stock, notes evidencing borrowings, or
Guaranties, or any other modification to any other terms or
conditions of the Financing Orders. However, in a separate
proceeding (File No. 70-8733), which is pending, Southern is
proposing to restate its authority to guaranty the securities of
Exempt Projects and of certain other nonutility subsidiaries.
Accordingly, Southern requests that the order of the Commission
in this proceeding granting an exemption from the requirements of
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Rule 53(a)(1), as applied to the Financing Orders, also be made
expressly applicable to the order of the Commission in File No.
70-8733, whether such order is issued before or subsequent to the
order in this proceeding."
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned company has duly caused this
statement to be signed on its behalf by the undersigned thereunto
duly authorized.
Dated: November 2, 1995 THE SOUTHERN COMPANY
By: /s/Tommy Chisholm
Tommy Chisholm, Secretary
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