File No. 70-8173
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 4
(Amendments 3 and 4 Contain All Changes)
Form U-1
APPLICATION OR DECLARATION
under
The Public Utility Holding Company Act of 1935
THE SOUTHERN COMPANY
64 Perimeter Center East
Atlanta, Georgia 30346
THE SOUTHERN DEVELOPMENT AND INVESTMENT GROUP, INC.
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
(Name and address of agent for service)
The Commission is requested to mail signed copies of all
orders, notices and communications to:
W.L. Westbrook Robert E. Jones
Financial Vice President President
The Southern Company Southern Development
64 Perimeter Center East & Investment Group
Atlanta, Georgia 30346 64 Perimeter Center East
Atlanta, Georgia 30346
John D. McLanahan, Esq.
Troutman Sanders
600 Peachtree Street, N.E.
Suite 5200 - NationsBank Plaza
Atlanta, Georgia 30308-2216
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INFORMATION REQUIRED
The Application or Declaration as filed in this proceeding
is hereby amended as follows:
Item 1. The seventh sentence of the first full paragraph of
Item 1.3(c) beginning with the words "Development will sell
communications..." and concluding with the words "...pursuant to
Rule 81", and the eighth and final sentence of such paragraph
beginning with the words "Sales of..." and concluding with the
words "...Rule 81" are hereby deleted, and in lieu thereof, the
following is added:
"Development will sell communications services of the type
described to Services and the Operating Companies on an 'at cost
basis' in compliance with Rules 90 and 91. Where such services
are subject to the ratemaking jurisdiction of the Federal
Communications Commission or State Commissions and a regulatory
commission (state or F.C.C.), pursuant to its statutory
authority, by order, requires the filing of a tariff or, by
adjudication with respect to the ratemaking authority, approves,
prescribes or determines the applicability of a different rate or
charge, the decision of such regulatory commission shall govern,
and Development will file a post-effective amendment to reflect
such action and its result. Sales of services directly to non-
affiliates will be charged at fair market value or tariff."
Item 2. Item 1.3(g) is hereby amended by deleting the
parenthetical "(other than Small Projects)" from said item. Any
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reference to the term "Small Projects" contained in the U-1 is
hereby deleted.
Item 3. Item 1.4 is hereby amended so that the reference in the
third paragraph of said item to the prime rate of interest is
changed from "6%" to "8.5%".
Item 4. The last sentence of Item 1.5 is hereby amended so that
it reads as follows:
"It is further proposed that, as to the guaranties referred
to above which will not in the aggregate exceed $200
million, because Development's need for such Southern
guaranties and indemnifications cover a range of contracts
too broad to describe all of their natures at this time,
Southern and Development have the flexibility to negotiate
specific guaranties and similar provisions and arrangements
with third parties, and indemnifications of sureties, as the
need to do so arises, without further Commission
authorization, provided, however, that further Commission
authorization would be required if the $200 million amount
were to be exceeded."
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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 Statement to be signed on their behalf by the undersigned
thereunto duly authorized.
Dated: January 24, 1995 THE SOUTHERN COMPANY
By:/s/Tommy Chisholm
Tommy Chisholm
Secretary
THE SOUTHERN DEVELOPMENT AND
INVESTMENT GROUP, INC.
By:/s/Tommy Chisholm
Tommy Chisholm
Vice President and Secretary
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