File No. 70-8435
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Amendment No. 4
(Post-Effective Amendment No. 3)
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
Nos. 2 and 3 (Post-Effective Amendment Nos. 1 and 2), is hereby
deleted and replaced with the following:
"1.2 Proposed Modification to 1994 Order. 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 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) the
difference, at any point in time, between 50% of Southern's
"consolidated retained earnings" and Southern's "aggregate
investment," each as determined in accordance with Rule 53(a)
(hereinafter, the "Rule 53 Limitation"). The current Rule 53
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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."
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: July 10, 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
(Signatures continued on next page)
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MISSISSIPPI POWER COMPANY
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary
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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