File No. 70-8435
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Amendment No. 3
(Post-Effective No. 2)
to
FORM U-1
APPLICATION OR DECLARATION
under
The Public Utility Holding Company Act of 1935
THE SOUTHERN COMPANY SAVANNAH ELECTRIC AND POWER COMPANY
64 Perimeter Center East 600 Bay Street East
Atlanta, Georgia 30346 Savannah, Georgia 31401
ALABAMA POWER COMPANY SOUTHERN COMPANY SERVICES, INC.
600 North 18th Street 64 Perimeter Center East
Birmingham, Alabama 35291 Atlanta, Georgia 30346
GEORGIA POWER COMPANY SOUTHERN ELECTRIC GENERATING COMPANY
333 Piedmont Avenue, N.E. 600 North 18th Street
Atlanta, Georgia 30308 Birmingham, Alabama 35291
GULF POWER COMPANY SOUTHERN ELECTRIC INTERNATIONAL, INC.
500 Bayfront Parkway 900 Ashwood Parkway, Suite 500
Pensacola, Florida 32501 Atlanta, Georgia 30338
MISSISSIPPI POWER COMPANY SOUTHERN NUCLEAR OPERATING COMPANY, INC.
2992 West Beach 40 Inverness Center Parkway
Gulfport, Mississippi 39501 Birmingham, Alabama 35204
(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 Kirby R. Willis, Vice President,
Secretary Treasurer and Chief Financial Officer
The Southern Company Savannah Electric and Power Company
64 Perimeter Center East 600 Bay Street East
Atlanta, Georgia 30346 Savannah, Georgia 31401
Art P. Beattie, Vice President, Tommy Chisholm, Vice President
Secretary and Treasurer and Secretary
Alabama Power Company Southern Company Services, Inc.
600 North 18th Street 64 Perimeter Center East
Birmingham, Alabama 35291 Atlanta, Georgia 30346
Judy M. Anderson, Vice President Art P. Beattie
and Corporate Secretary Secretary and Treasurer
Georgia Power Company Southern Electric Generating Company
333 Piedmont Avenue, N.E. 600 North 18th Street
Atlanta, Georgia 30308 Birmingham, Alabama 35291
Warren E. Tate, Secretary Tommy Chisholm, Vice President
and Treasurer and Secretary
Gulf Power Company Southern Electric International, Inc.
500 Bayfront Parkway 900 Ashwood Parkway, Suite 500
Pensacola, Florida 32501 Atlanta, Georgia 30338
M. W. Southern, Vice President John O. Meier, Vice President
Secretary and Treasurer and Corporate Secretary
Mississippi Power Company Southern Nuclear Operating Company, Inc.
2992 West Beach 40 Inverness Center Parkway
Gulfport, Mississippi 39501 Birmingham, Alabama 35204
(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 John D. McLanahan
Financial Vice President Troutman Sanders
The Southern Company 600 Peachtree Street, N.E.
64 Perimeter Center East Suite 5200
Atlanta, Georgia 30346 Atlanta, Georgia 30308-2216
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Item 1. Description of Proposed Transactions.
The first paragraph of Item 1.2 as amended by Amendment
No. 2 (Post-Effective No. 1) is hereby deleted and replaced with
the following:
"Southern now proposes to issue and sell the remaining
additional shares of its common stock pursuant to the Plans from
time to time on or prior to December 31, 1999. Southern intends
to utilize the net proceeds from of the sales of the additional
common stock to make investments in subsidiaries, including EWGs
and FUCOs, and for other corporate purposes. Investments in
subsidiaries would only be made in accordance with existing or
future authorizations in separate proceedings, or in accordance
with such exemptions as may exist under the Act and the rules and
regulations thereunder, provided however, that with respect to
direct or indirect investments in EWGs and FUCOs, the sum of (i)
the net proceeds of sales of additional common stock used for the
purpose of acquiring the securities of or other interests in any
such entities, as authorized in this proceeding and in File No.
70-8277, (ii) the principal amount of securities of any EWGs or
FUCOs at any time outstanding in respect of which Southern has
provided a guarantee, as authorized in File No. 70-8277, and
(iii) the proceeds of short-term and term loan borrowings and/or
commercial paper sales at any time invested by Southern in EWGs
and FUCOs, as authorized in File No. 70-8309, shall not, in the
aggregate, exceed the greater of (x) $1.072 billion, and (y) 50%
of Southern's "consolidated retained earnings," as determined in
accordance with Rule 53(a) (hereinafter, the "Rule 53
Limitation"). The current Rule 53 Limitation ($1.072 billion) is
based on Southern's "consolidated retained earnings" and
"aggregate investment" at March 31, 1995, as shown in Item 1.3,
below."
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SIGNATURES
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, the undersigned companies have duly
caused this amendment to be signed on their behalf by the
undersigned thereunto duly authorized.
Dated: June 21, 1995
THE SOUTHERN COMPANY
By: /s/Tommy Chisholm
Tommy Chisholm
Secretary
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
(Signatures continued on next page)
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SAVANNAH ELECTRIC AND POWER COMPANY
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary
SOUTHERN COMPANY SERVICES, INC.
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary
SOUTHERN ELECTRIC GENERATING COMPANY
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary
SOUTHERN ELECTRIC INTERNATIONAL, INC.
By: /s/Tommy Chisholm
Tommy Chisholm
Secretary
SOUTHERN NUCLEAR OPERATING COMPANY, INC.
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary
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