File No. 70-8277
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Amendment No. 9
(Post-Effective Amendment No. 3)
to
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
(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 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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INFORMATION REQUIRED
Item 1. Description of Proposed Transactions.
The first paragraph of Item 1.3, as amended by Amendment
Nos. 7 and 8 (Post-Effective Amendment Nos. 1 and 2), is hereby
deleted and replaced with the following:
"1.3 Guarantees. Southern requests authority for an
increase from $500 million to $1.2 billion in the aggregate
principal amount of securities of EWGs and FUCOs in respect of
which Southern may at any time provide Guarantees, and for an
extension of the date through which such Guarantees may be issued
from December 31, 1996 to December 31, 1999, provided that any
Guarantee outstanding on December 31, 1999 would expire or
terminate in accordance with its terms; and provided further that
the sum of (i) the principal amount of securities of EWGs and
FUCOs in respect of which Guarantees are at any time outstanding,
(ii) the net proceeds of sales of the 25 million shares of
Additional Common Stock invested directly or indirectly by
Southern in EWGs and FUCOs, as herein proposed, (iii) the net
proceeds of sales of additional shares of Southern's common stock
invested directly or indirectly in EWGs and FUCOs, as authorized
in File No. 70-8435, and (iv) the proceeds of short-term and term
loan borrowings and/or commercial paper sales by Southern at any
time invested in EWGs and FUCOs, as authorized in File No. 70-
8309, shall at no time in the aggregate exceed the greater of (x)
$1.072 billion, and (y) the difference, at any point in time,
between 50% of Southern's "consolidated retained earnings" and
Southern's "aggregate investment," each as determined in
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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 1.4,
below."
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: July 6, 1995 THE SOUTHERN COMPANY
By:/s/Tommy Chisholm
Tommy Chisholm, Secretary
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