SOUTHERN CO
POS AMC, 1996-07-08
ELECTRIC SERVICES
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                                                         File No. 70-8733


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 Amendment No. 7
                        (Post-Effective Amendment No. 4)
                                       to
                           APPLICATION OR DECLARATION
                                       on
                                    FORM U-1

                                      under

                 The Public Utility Holding Company Act of 1935


  THE SOUTHERN COMPANY        SOUTHERN ELECTRIC        MOBILE ENERGY SERVICES
270 Peachtree Street, N.W.    INTERNATIONAL, INC.           HOLDINGS, INC.
  Atlanta, Georgia  30303     900 Ashwood Parkway         900 Ashwood Parkway
                                    Suite 500                   Suite 450
    SOUTHERN ELECTRIC      Atlanta, Georgia  30338     Atlanta, Georgia  30338
  WHOLESALE GENERATORS,
          INC.               SEI HOLDINGS, INC.
   900 Ashwood Parkway       900 Ashwood Parkway        SEI EUROPE, INC.
        Suite 500                 Suite 500             900 Ashwood Parkway
 Atlanta, Georgia  30338   Atlanta, Georgia  30338           Suite 500
                                                       Atlanta, Georgia  30338
                                SEI NEWCO 1, INC.
                               900 Ashwood Parkway
                                    Suite 500
                             Atlanta, Georgia 30338





               (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                           Thomas G. Boren, President
  The Southern Company                                   Southern Electric
270 Peachtree Street, N.W.                              International, Inc.
 Atlanta, Georgia  30303                                900 Ashwood Parkway
                                                             Suite 500
                                                      Atlanta, Georgia  30338



                   (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                         Thomas G. Boren, President
     Financial Vice-President                         Southern Electric
       The Southern Company                          International, Inc.
    270 Peachtree Street, N.W.                       900 Ashwood Parkway
      Atlanta, Georgia  30303                             Suite 500
                                                   Atlanta, Georgia  30338


                             John D. McLanahan, Esq.
                              Troutman Sanders LLP
                           600 Peachtree Street, N.E.
                                   Suite 5200
                           Atlanta, Georgia 30308-2216


<PAGE>



                              INFORMATION REQUIRED
         Amendment No. 6 (Post-Effective Amendment No. 3) is hereby
amended by deleting the first paragraph of Item 1.2 - Proposed
Modification, and substituting the following new paragraph in
lieu thereof:
         "1.2 Proposed Modification. Holdings now requests authority, for itself
and on behalf of Domestic Holdings, Foreign Holdings, every current and future
Intermediate Subsidiary of Holdings, every current and future Special Purpose
Subsidiary of Holdings, and every Energy-Related Company hereafter organized to
engage in the business of owning or operating a "qualifying facility" or a steam
production, conversion or distribution business, to pay dividends with respect
to the securities of such companies, from time to time through June 30, 1997,
out of capital or unearned surplus (including revaluation reserve), to the
extent permitted under applicable corporate law. Holdings requests that the
Commission reserve jurisdiction over the payment of dividends out of capital or
unearned surplus by any Energy-Related Companies engaged in power and/or energy
commodity marketing or brokering that Holdings may hereafter be authorized by
order to acquire, and by other categories of Energy-Related Companies that
Holdings may by rule be permitted to acquire."

                                        2

<PAGE>



                                    SIGNATURE

         Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused
this statement to be signed on their behalf by the undersigned
thereunto duly authorized.
Dated:  July 8, 1996

                  THE SOUTHERN COMPANY

                  By:_______________________________
                           Tommy Chisholm
                           Secretary


                  MOBILE ENERGY SERVICES HOLDINGS, INC.

                  By:________________________________
                           Tommy Chisholm
                           Secretary


                  SOUTHERN ELECTRIC INTERNATIONAL, INC.

                  By:________________________________
                           Tommy Chisholm
                           Vice President and Secretary


                  SEI HOLDINGS, INC.

                  By:________________________________
                           Tommy Chisholm
                           Secretary


                  SOUTHERN ELECTRIC WHOLESALE
                  GENERATORS, INC.

                  By:_______________________________
                           Tommy Chisholm
                           Secretary

                       (Signatures Continued on Next Page)

                                        3

<PAGE>


                  SEI EUROPE, INC.

                  By:_______________________________
                           Tommy Chisholm
                           Secretary


                  SEI NEWCO 1, INC.

                  By:________________________________
                           Tommy Chisholm
                           Secretary



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