THIRTEENTH BANK LOAN CERTIFICATE OF NOTIFICATION
(Second Quarter - 1995)
Filed by
THE SOUTHERN COMPANY
ALABAMA POWER COMPANY
GEORGIA POWER COMPANY
GULF POWER COMPANY
MISSISSIPPI POWER COMPANY
SAVANNAH ELECTRIC AND POWER COMPANY
SOUTHERN ELECTRIC GENERATING COMPANY
Pursuant to orders of the Securities and Exchange Commission dated March 31,
1992, November 30, 1993 and February 16, 1994, in the matter of File No.
70-7937.
The Southern Company (SOUTHERN), Alabama Power Company (ALABAMA), Georgia Power
Company (GEORGIA), Gulf Power Company (GULF), Mississippi Power Company
(MISSISSIPPI) and Savannah Electric and Power Company (SAVANNAH) hereby certify
to said Commission, pursuant to Rule 24, that, in accordance with the terms and
conditions of and for the purposes represented by the statement on Form U-1, as
amended, in the above matter and of said orders with respect thereto, during the
second quarter of 1995, the above-mentioned companies issued or retired
commercial paper, short-term notes/bank borrowings or term loans from banks
(with maturities of up to three years from the date of borrowing) as follows:
SOUTHERN
Total short-term notes/bank borrowings outstanding at the end of second
quarter 1995 - $107,800,000.
ALABAMA
No short-term notes/bank borrowings are outstanding at end of second
quarter 1995.
GEORGIA
Total short-term notes/bank borrowings outstanding at end of second
quarter 1995 - $187,200,000.
GULF
Information filed in a separate Certificate of Notification under
File No. 70-8397.
MISSISSIPPI
Total short-term notes/bank borrowings outstanding at end of second
quarter 1995 - $112,000,000.
* Please Note that the total short-term notes/bank borrowing
outstanding for the first quarter 1995 should have been reported at
$107,000,000 and not $139,000,000.
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SAVANNAH
Total short-term notes/bank borrowings outstanding at end of second
quarter 1995 - $31,000,000.
<TABLE>
<CAPTION>
ALABAMA
Commercial Paper
<S> <C> <C> <C> <C>
Issue Maturity Principal Discount
Date Date Issuer Amount Rate
04/04/95 04/10/95 First Boston $ 5,006,000 6.050%
04/05/95 04/17/95 Bank of America 7,015,000 6.000
04/06/95 04/20/95 Merrill Lynch 30,070,000 5.975
04/07/95 04/21/95 Merrill Lynch 9,021,000 5.975
04/11/95 05/04/95 Bank of America 12,050,000 5.990
04/13/95 05/25/95 Merrill Lynch 15,106,000 5.990
04/17/95 05/23/95 Bank of America 32,200,000 5.990
04/18/95 05/19/95 Bank of America 20,105,000 5.980
04/20/95 04/27/95 Merrill Lynch 40,047,000 5.930
04/21/95 05/25/95 Bank of America 24,150,000 5.955
04/24/95 04/28/95 First Boston 3,002,000 5.920
04/28/95 06/08/95 Merrill Lynch 16,110,000 5.975
05/01/95 06/20/95 Bank of America 22,200,000 5.990
05/02/95 06/20/95 Merrill Lynch 21,173,000 5.990
05/04/95 06/27/95 Bank of America 15,150,000 5.960
05/09/95 07/06/95 Merrill Lynch 10,097,000 5.950
05/12/95 07/18/95 Bank of America 40,455,000 5.980
05/19/95 07/11/95 First Boston 22,196,000 5.970
05/23/95 07/13/95 Bank of America 15,130,000 5.960
05/23/95 07/20/95 Bank of America 26,255,000 5.960
05/25/95 06/22/95 Merrill Lynch 34,000,000 5.930
05/26/95 06/30/95 Bank of America 10,060,000 5.940
05/26/95 07/07/95 Bank of America 25,175,000 5.930
05/31/95 07/25/95 Bank of America 10,100,000 5.940
06/01/95 07/27/95 First Boston 19,180,000 5.940
06/06/95 08/08/95 Merrill Lynch 15,000,000 5.830
06/06/95 08/10/95 Merrill Lynch 14,304,000 5.830
06/08/95 07/31/95 Bank of America 16,150,000 5.920
06/09/95 07/25/95 Merrill Lynch 6,046,000 5.950
06/13/95 06/27/95 Bank of America 28,065,000 5.940
06/20/95 07/13/95 First Boston 29,112,000 5.970
06/22/95 07/10/95 Bank of America 25,075,000 5.960
06/23/95 06/29/95 Bank of America 17,020,000 5.950
06/27/95 07/20/95 Merrill Lynch 50,000,000 5.970
06/27/95 07/20/95 Merrill Lynch 13,242,000 5.970
06/29/95 07/07/95 Bank of America 26,050,000 6.000
06/30/95 07/11/95 Bank of America 11,025,000 6.120
</TABLE>
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<TABLE>
<CAPTION>
GEORGIA
Commercial Paper
<S> <C> <C> <C> <C>
Issue Maturity Principal Discount
Date Date Issuer Amount Rate
04/03/95 07/06/95 Lehman Brothers $12,450,000 6.120%
04/03/95 07/05/95 NationsBank 20,000,000 6.110
04/03/95 07/06/95 NationsBank 5,000,000 6.110
04/04/95 06/05/95 NationsBank 19,000,000 6.080
04/04/95 06/05/95 Merrill Lynch 10,000,000 6.090
04/04/95 06/05/95 Lehman Brothers 10,000,000 6.080
04/07/95 07/07/95 Merrill Lynch 16,000,000 6.060
04/07/95 07/07/95 Lehman Brothers 15,700,000 6.060
04/17/95 07/17/95 NationsBank 10,000,000 6.050
04/17/95 07/17/95 Lehman Brothers 10,000,000 6.050
04/19/95 07/17/95 Lehman Brothers 7,000,000 6.040
04/20/95 07/17/95 Lehman Brothers 10,700,000 6.040
05/04/95 05/11/95 NationsBank 9,350,000 5.970
05/04/95 05/11/95 Merrill Lynch 13,000,000 5.970
05/05/95 06/05/95 Merrill Lynch 10,000,000 5.960
05/09/95 06/08/95 NationsBank 21,600,000 5.970
05/12/95 08/10/95 NationsBank 7,000,000 5.980
05/12/95 08/10/95 Lehman Brothers 8,350,000 5.990
05/12/95 08/10/95 Merrill Lynch 7,000,000 5.990
06/01/95 06/30/95 NationsBank 25,000,000 5.970
06/05/95 07/06/95 NationsBank 15,000,000 5.880
06/05/95 07/05/95 Merrill Lynch 34,200,000 5.920
06/08/95 07/10/95 Lehman Brothers 21,600,000 5.950
</TABLE>
Southern Electric Generating Company (SEGCO) hereby certifies to said
Commission, pursuant to Rule 24, that, in accordance with the terms and
conditions of and for the purposes represented by the statement on Form U-1, as
amended, in the above matter and of said orders with respect thereto, SEGCO,
during the second quarter of 1995, on the dates indicated below, issued
short-term notes/bank borrowings or term loans from banks and other lenders as
follows:
<TABLE>
<CAPTION>
AMSOUTH BANK OF ALABAMA, N.A.
<S> <C> <C> <C> <C>
Interest Principal
Loan Date Due Date Rate Amount
04/11/95 05/09/95 6.490% $10,000,000
05/09/95 06/09/95 6.380 10,000,000
06/09/95 07/12/95 6.440 4,900,000
06/15/95 07/12/95 6.360 1,850,000
06/23/95 08/09/95 6.360 2,800,000
<PAGE>
4
SOUTHTRUST BANK AL., N.A.
Interest Principal
Loan Date Due Date Rate Amount
04/24/95 05/09/95 6.350% $ 2,100,000
05/09/95 06/09/95 6.410 10,000,000
06/09/95 08/09/95 6.350 10,000,000
COMPASS BANK
Interest Principal
Loan Date Due Date Rate Amount
04/17/95 05/09/95 6.450% $ 2,650,000
05/09/95 06/09/95 6.380 10,000,000
06/09/95 07/12/95 6.430 10,000,000
FIRST ALABAMA BANK
Interest Principal
Loan Date Due Date Rate Amount
04/11/95 05/09/95 6.550% $10,000,000
06/09/95 07/12/95 6.490 10,000,000
NATIONSBANK
Interest Principal
Loan Date Due Date Rate Amount
04/11/95 05/09/95 6.5000% $10,000,000
05/09/95 06/09/95 6.4375 6,500,000
05/16/95 06/09/95 6.4375 50,000
05/24/95 06/09/95 6.4350 2,700,000
06/09/95 07/12/95 6.4375 5,000,000
TRUST COMPANY BANK
Interest Principal
Loan Date Due Date Rate Amount
04/11/95 05/09/95 6.5000% $10,000,000
05/09/95 06/09/95 6.4375 7,000,000
06/09/95 07/12/95 6.4375 5,000,000
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5
FIRST UNION NATIONAL BANK OF GEORGIA
Interest Principal
Loan Date Due Date Rate Amount
04/11/95 05/09/95 6.5000% $10,000,000
05/09/95 06/09/95 6.4375 7,000,000
06/09/95 07/12/95 6.4375 5,000,000
</TABLE>
Attached are the following exhibits:
Exhibit
A-2(a) Sixteenth Note Modification Agreement between
SEGCO and SouthTrust Bank of Alabama.
A-2(b) Eleventh Note Modification Agreement between
SEGCO and Trust Company Bank.
A-2(d) Second Note Modification Agreement between
SEGCO and NationsBank of Georgia, N.A.
A-2(e) Tenth Note Modification Agreement between
SEGCO and Compass Bank.
A-2(f) Eighth Note Modification Agreement between
SEGCO and First Union National Bank
of Georgia.
A-2(h) Eighth Note Modification Agreement between
SEGCO and AmSouth Bank, N.A.
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6
SIGNATURE
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: July 27, 1995
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
SAVANNAH ELECTRIC AND POWER COMPANY
By:/s/ Wayne Boston
Wayne Boston, Assistant Secretary
SOUTHERN ELECTRIC GENERATING COMPANY
By: /s/ Wayne Boston
Wayne Boston, Assistant Secretary
THE SOUTHERN COMPANY
By: /s/ Wayne Boston
Tommy Chisholm, Secretary
EXHIBIT A-2(a)
SIXTEENTH NOTE MODIFICATION AGREEMENT
THIS AGREEMENT, dated this 17th day of April, 1995, is between SOUTHERN
ELECTRIC GENERATING COMPANY, an Alabama corporation ("Borrower"), and SOUTHTRUST
BANK OF ALABAMA, NATIONAL ASSOCIATION, a national banking association ("Bank").
RECITALS
Borrower is indebted to Bank pursuant to its Promissory Note, dated
December 22, 1982, as heretofore amended, executed by Borrower in favor of Bank
in the face amount of $10,000,000, as amended by the First Note Modification
Agreement dated March 22, 1984, a Second Note Modification Agreement dated March
4, 1985, a Third Note Modification Agreement dated June 12, 1985, a Fourth Note
Modification Agreement dated May 23, 1986, a Fifth Note Modification Agreement
dated November 13, 1986, a Sixth Note Modification Agreement dated May 29, 1987,
a Seventh Note Modification Agreement dated May 9, 1988, and Eighth Note
Modification Agreement dated May 24, 1989, a Ninth Note Modification Agreement
dated April 2, 1990, a Tenth Note Modification Agreement dated April 1, 1991, an
Eleventh Note Modification Agreement dated March 1, 1991, a Twelfth Note
Modification Agreement dated June 23, 1992, a Thirteenth Note Modification dated
January 4, 1993, a Fourteenth Note Modification dated May 3, 1993, and a
Fifteenth Note Modification Agreement dated April 8, 1994 (said Promissory Note,
as so modified, being herein called the "Note").
Borrower and Bank desire to further amend the Note as herein provided.
<PAGE>
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AGREEMENT
NOW, THEREFORE, the parties agree as follows:
1. The maturity date of the Note is hereby extended from June 30, 1996
to June 30, 1997, by deleting the words and figures "June 30, 1996," as the same
appear at the end of the first full paragraph of the Note and inserting in lieu
thereof the words and figures "June 30, 1997."
2. Bank shall attach an executed copy of this Agreement to the
original, executed Note, and the same shall be and become a part thereof.
3. Except as herein amended, the Note shall remain in full force
and effect, and the Note, as so amended, is hereby ratified and affirmed.
IN WITNESS WHEREOF, Borrower and Bank have executed this Agreement, the
day and year first above written.
SOUTHERN ELECTRIC GENERATING COMPANY
By: Art P. Beattie
Its Treasurer
SOUTHTRUST BANK OF ALABAMA, NATIONAL ASSOCIATION
By: T. Knudsen
Its Senior Vice President
EXHIBIT A-2(b)
ELEVENTH NOTE MODIFICATION AGREEMENT
THIS AGREEMENT, dated this 17th day of April, 1995, is between SOUTHERN
ELECTRIC GENERATING COMPANY, an Alabama corporation ("Borrower"), and TRUST
COMPANY BANK ("Bank").
RECITALS
Borrower is indebted to Bank pursuant to its Promissory Note, dated
April 15, 1986, as heretofore amended, in the face amount of $10,000,000
("Note").
Borrower and Bank desire to further amend the Note as herein provided.
AGREEMENT
NOW, THEREFORE, the parties agree as follows:
1. The maturity date of the Note is hereby extended from May 31, 1996
to May 31, 1997, by deleting the words and figures "May 31, 1996," as the same
appear at the end of the first full paragraph of the Note and inserting in lieu
thereof the words and figures "May 31, 1997."
2. Bank shall attach an executed copy of this Agreement to the
original, executed Note, and the same shall be and become a part thereof.
3. Except as herein and heretofore amended, the Note shall
remain in full force and effect, and the Note, as so amended, is hereby
ratified and affirmed.
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IN WITNESS WHEREOF, Borrower and Bank have executed this Agreement, the
day and year first above written.
SOUTHERN ELECTRIC GENERATING COMPANY
By: Art P. Beattie
Its Treasurer
TRUST COMPANY BANK
By: J. Christopher Deisley
Its Vice President
EXHIBIT A-2(f)
EIGHTH NOTE MODIFICATION AGREEMENT
THIS AGREEMENT, dated this 17th day of April, 1995, is between SOUTHERN
ELECTRIC GENERATING COMPANY, an Alabama corporation ("Borrower"), and FIRST
UNION NATIONAL BANK OF GEORGIA ("Bank").
RECITALS
Borrower is indebted to Bank pursuant to its Promissory Note, dated
January 3, 1989, as heretofore amended, in the face amount of $10,000,000
("Note").
Borrower and Bank desire to further amend the Note as herein provided.
AGREEMENT
NOW, THEREFORE, the parties agree as follows:
1. The maturity date of the Note is hereby extended from June 30, 1996
to June 30, 1997 by deleting the words and figures "June 30, 1996" as the same
appear at the end of the first full paragraph of the Note and inserting in lieu
thereof the words and figures "June 30, 1997."
2. Bank shall attach an executed copy of this Agreement to the
original, executed Note, and the same shall be and become a part thereof.
3. Except as herein amended, the Note shall remain in full force
and effect; and the Note, as so amended, is hereby ratified and affirmed.
<PAGE>
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IN WITNESS WHEREOF, Borrower and Bank have executed this Agreement, the
day and year first above written.
SOUTHERN ELECTRIC GENERATING COMPANY
By: Art P. Beattie
Its Treasurer
FIRST UNION NATIONAL BANK OF GEORGIA
By: Mara G. Holley
Its Vice President
EXHIBIT A-2(e)
TENTH NOTE MODIFICATION AGREEMENT
THIS AGREEMENT, dated this 17th day of April, 1995, is between SOUTHERN
ELECTRIC GENERATING COMPANY, an Alabama corporation ("Borrower"), and COMPASS
BANK ("Bank").
RECITALS
Borrower is indebted to Bank pursuant to its Promissory Note, dated
November 10, 1987, as heretofore amended, in the face amount of $5,000,000 and
modified on April 20, 1988, by the First Note Modification Agreement, to
$10,000,000 ("Note").
Borrower and Bank desire to further amend the Note as herein provided.
AGREEMENT
NOW, THEREFORE, the parties agree as follows:
1. The maturity date of the Note is hereby extended from June 1, 1996
to June 1, 1997, by deleting the words and figures "June 1, 1996" as the same
appear at the end of the first full paragraph of the Note and inserting in lieu
thereof the words and figures "June 1, 1997."
2. Bank shall attach an executed copy of this Agreement to the
original, executed Note, and the same shall be and become a part thereof.
3. Except as herein and heretofore amended, the Note shall
remain in full force and effect; and the Note, as so amended, is hereby
ratified and affirmed.
<PAGE>
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IN WITNESS WHEREOF, Borrower and Bank have executed this Agreement, the
day and year first above written.
SOUTHERN ELECTRIC GENERATING COMPANY
By: Art P. Beattie
Its Treasurer
COMPASS BANK
By: Janet Brock
Its Vice President
EXHIBIT A-2(f)
EIGHTH NOTE MODIFICATION AGREEMENT
THIS AGREEMENT, dated this 17th day of April, 1995, is between SOUTHERN
ELECTRIC GENERATING COMPANY, an Alabama corporation ("Borrower"), and FIRST
UNION NATIONAL BANK OF GEORGIA ("Bank").
RECITALS
Borrower is indebted to Bank pursuant to its Promissory Note, dated
January 3, 1989, as heretofore amended, in the face amount of $10,000,000
("Note").
Borrower and Bank desire to further amend the Note as herein provided.
AGREEMENT
NOW, THEREFORE, the parties agree as follows:
1. The maturity date of the Note is hereby extended from June 30, 1996
to June 30, 1997 by deleting the words and figures "June 30, 1996" as the same
appear at the end of the first full paragraph of the Note and inserting in lieu
thereof the words and figures "June 30, 1997."
2. Bank shall attach an executed copy of this Agreement to the
original, executed Note, and the same shall be and become a part thereof.
3. Except as herein amended, the Note shall remain in full force
and effect; and the Note, as so amended, is hereby ratified and affirmed.
<PAGE>
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IN WITNESS WHEREOF, Borrower and Bank have executed this Agreement, the
day and year first above written.
SOUTHERN ELECTRIC GENERATING COMPANY
By: Art P. Beattie
Its Treasurer
FIRST UNION NATIONAL BANK OF GEORGIA
By: Mara G. Holley
Its Vice President
EXHIBIT A-2(h)
EIGHTH NOTE MODIFICATION AGREEMENT
THIS AGREEMENT, dated this 14th day of April, 1995, is between
SOUTHERN ELECTRIC GENERATING COMPANY, an Alabama corporation ("Borrower"),
and AMSOUTH BANK N.A. ("Bank").
RECITALS
Borrower is indebted to Bank pursuant to its Promissory Note, dated
October 2, 1989, as heretofore amended, in the face amount of $10,000,000
("Note").
Borrower and Bank desire to further amend the Note as herein provided.
AGREEMENT
NOW, THEREFORE, the parties agree as follows:
1. The maturity date of the Note is hereby extended from June 1, 1996
to June 1, 1997, by deleting the words and figures "June 1, 1996" as same appear
at the end of the first full paragraph of the Note and inserting in lieu thereof
the words and figures "June 1, 1997."
2. Bank shall attach an executed copy of this Agreement to the
original, executed Note, and the same shall be and become a part thereof.
3. Except as herein amended, the Note shall remain in full force
and effect; and the Note, as so amended, is hereby ratified and affirmed.
<PAGE>
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IN WITNESS WHEREOF, Borrower and Bank have executed this Agreement, the
day and year first above written.
SOUTHERN ELECTRIC GENERATING COMPANY
By: Art P. Beattie
Its Treasurer
AMSOUTH BANK N.A.
By: John M. Kettig
Its Senior Vice President
