FINAL CERTIFICATE OF NOTIFICATION
filed by
THE SOUTHERN COMPANY
SOUTHERN ELECTRIC INTERNATIONAL, INC.
THE SOUTHERN DEVELOPMENT AND INVESTMENT GROUP, INC.
formerly THE SOUTHERN INVESTMENT GROUP, INC.
Pursuant to order of the Securities and Exchange Commission dated
October 20, 1987, in the matter of File No. 70-7209.
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The above named companies HEREBY CERTIFY to said Commission,
pursuant to Rule 24, that the following transactions have been
carried out in accordance with the terms and conditions of and
for the purposes represented by the statement on Form U-1, as
amended, and of said order with respect thereto. The items
listed below are in response to the reporting criteria as
established by Amendment No. 5 in this proceeding. Such
information, as of December 31, 1994, is as follows:
Item Response
(1) Amounts and forms of In December, 1991, SEI
investments, and contributed approximately $5
obligations of each million in equity in the
project undertaken Kalaeloa Project located in
pursuant to the authority Oahu, Hawaii. An SEWG
requested in Items 1.1 subsidiary, SEI Birchwood,
and 1.2 Inc., entered into a Power
Purchase and Operating
Agreement with Virginia
Electric and Power Company as
of July 13, 1990 in connection
with a generation plant to be
built in Virginia. As of
December 31, 1994, SEI had
expended from working capital
approximately $97 million on
project development.
(2) Amounts and forms of:
(i) guarantees and
similar provisions and
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arrangements concerning
the Subsidiaries'
performance and
undertaking of other None
obligations and
(ii) indemnifications of
and with respect to
persons acting as surety
on bonds or other
obligations on behalf of
the Subsidiaries, in
which Southern has
agreed, in the context of
project bids made by the
Subsidiaries, to grant in
the event any such bids
made by the Subsidiaries
are accepted by the bid None
issuers;
(3) Amounts and forms of: The form of this arrangement
(i) guarantees and is a guarantee by The Southern
similar provisions and Company. The Southern Company
arrangements concerning has provided a limited
the Subsidiaries' guarantee of Southern Electric
performance and International, Inc.'s
undertaking of other obligations under the
obligations, which Birchwood Facility EPC
Southern has actually Agreements up to an aggregate
granted and are currently liability of $200 million.
effective, and
The Southern Company has also
entered into a Support
Agreement pursuant to which it
has agreed to set aside
$2,500,000 of its $125,000,000
funding authority for the
Subsidiaries and to make it
available to Southern Electric
International, Inc. so that
Southern Electric
International, Inc. can meet
certain of its own
obligations.<PAGE>
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(ii) indemnifications of and
with respect to persons acting
as surety on bonds or other
obligations on behalf of the
Subsidiaries, which Southern
has actually granted and are
currently effective. None
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused
this certificate to be signed on their behalf by the undersigned
thereunto duly authorized.
Dated January 30, 1995 THE SOUTHERN COMPANY
By Tommy Chisholm
Tommy Chisholm, Secretary
SOUTHERN ELECTRIC INTERNATIONAL, INC.
By Tommy Chisholm
Tommy Chisholm, Secretary
THE SOUTHERN DEVELOPMENT AND
INVESTMENT GROUP, INC.
By Tommy Chisholm
Tommy Chisholm, Secretary
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