INDEPENDENT AUDITORS' CONSENT


The Board of Directors
Ambac Assurance Corporation:

We consent to the incorporation by reference in the registration statements
(Nos. 333-59942, 333-59942-01 and 333-59942-02) of Gulf Power Company (the
"Registrant"), and in the Prospectus Supplement of the Registrant (the
"Prospectus Supplement"), via the Form 8-K of the Registrant dated January 18,
2002, of our report dated January 22, 2001 on the consolidated financial
statements of Ambac Assurance Corporation and subsidiaries as of December 31,
2000 and 1999, and for each of the years in the three-year period ended December
31, 2000, which report appears in the Annual Report on Form 10-K of Ambac
Financial Group, Inc. which was filed with the Securities and Exchange
Commission on March 28, 2001 and to the reference to our firm under the heading
"Experts" in the Prospectus Supplement.






New York, New York
January 30, 2002