File No. 70-8309
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Amendment No. 6
(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 the above agents for service and to:
W. L. Westbrook
Financial Vice President John D. McLanahan, Esq.
The Southern Company Troutman Sanders
64 Perimeter Center East 600 Peachtree Street, N.E.
Atlanta, Georgia 30346 Suite 5200
Atlanta, Georgia 30308-2216
<PAGE>
Item 1. Description of Proposed Transactions.
Item 1.3 as amended by Amendment No. 4 (Post-Effective
Amendment No 1) is hereby deleted and replaced with the
following:
"1.3 Use of Proceeds of Borrowings/Commercial Paper Sales.
Southern also requests authority to utilize up to $1 billion of
the proceeds from borrowings and/or commercial paper sales to
make investments from time to time in one or more EWGs or FUCOs
in order to fund, in whole or in part, investments by such
subsidiaries in facilities that such subsidiaries are permitted
to acquire and own, and to fund ongoing development costs
associated with potential direct or indirect investments by
Southern in such entities;1 provided that, the sum of (i) 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 herein, (ii) the net proceeds of sales of new
common stock used for the purpose of acquiring the securities of
or other interest in any such entities, as authorized in File
Nos. 70-8277 and 70-8435, and (iii) 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, shall not, in the aggregate, exceed the
greater of (i) $1.072 billion, and (ii) the difference, at any
point in time, between 50% of Southern's "consolidated retained
1 Investments in such entities may also be made indirectly
through special purpose subsidiaries, referred to as "Project
Parents," in accordance with Southern's authorization in File No.
70-8421. (See HCAR No. 26096, dated August 3, 1994).
<PAGE>
- 2 -
earnings" and Southern's "aggregate investment," each 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 1.4,
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 5, 1995 THE SOUTHERN COMPANY
By /s/Tommy Chisholm
Tommy Chisholm
Secretary
<PAGE>
