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Previous: SOUTHERN CO, U-1, EX-99, 2000-10-16 |
Next: SOUTHERN CO, U-1, 2000-10-16 |
EXHIBIT K
The following chart is an Illustration of the Post-Effective Date Capital
Structure:
Holders of Allowed Taxable
and Tax-Exempt
Bondholder Claims
|
|
| 100%*
| Jubilee Pulp, Inc.
| 2% Common Units |
Mobile Energy ---------------------| |
Holdings, Inc. 100% Preferred Units | |
| | | | 98%
100% | | | | Common Units
MESC Retail------------| | 100% | |
| |
| Pulpco, L.L.C
|
|
Mobile Energy
Services Company, LLC
|
| 100%
|
|----------------Cogen Subsidiary
---------
*Percentages to be determined based on election to receive New Common Stock
by Holders of Tax-Exempt Bondholder Claims. Maximum percentage of New Common
Stock to be issued to Holders of Tax-Exempt Bondholder Claims is
approximately 23% if all such Holders elect New Common Stock. The minimum
percentage of New Common Stock to be issued to Holders of Allowed Taxable
Bondholder claims is approximately 77%.
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