-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OezB/YK9ChvUlTKmfzEa33WKvwgQnLclGYqMex6AshkVSy/aMXmQzrL39CzsxAG+ z3f9kSGfKv2fw7UJUEVs7A== 0000041091-01-500034.txt : 20020413 0000041091-01-500034.hdr.sgml : 20020413 ACCESSION NUMBER: 0000041091-01-500034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011220 ITEM INFORMATION: Other events FILED AS OF DATE: 20011221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN CO CENTRAL INDEX KEY: 0000092122 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 580690070 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03526 FILM NUMBER: 1821348 BUSINESS ADDRESS: STREET 1: 270 PEACHTREE ST CITY: ATLANTA STATE: GA ZIP: 30303 BUSINESS PHONE: 4045065000 MAIL ADDRESS: STREET 1: 270 PEACHTREE STREET CITY: ATLANTA STATE: GA ZIP: 30303 8-K 1 garatecase8ksou.txt SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) December 20, 2001 ------------------------------ THE SOUTHERN COMPANY - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-3526 58-0690070 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 270 Peachtree Street, NW, Atlanta, Georgia 30303 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (404)506-5000 --------------------------- N/A (Former name or former address, if changed since last report.) Item 5. Other Events. ------------ Reference is made to Note 3 to the financial statements of The Southern Company ("SOUTHERN") and Georgia Power Company ("GEORGIA") in Item 8 of the Form 10-K for the fiscal year ended December 31, 2000 of SOUTHERN and GEORGIA, respectively, for information concerning a three-year rate order approved by the Georgia Public Service Commission (the "Georgia PSC") effective January 1, 1999. The order decreased annual retail rates by $262 million effective January 1, 1999 and by an additional $24 million effective January 1, 2000. The order further provided for $85 million each year, plus up to $50 million annually of any earnings above a 12.5 percent retail return on common equity during the second and third years, to be applied to accelerated amortization or depreciation of assets. Two-thirds of any additional earnings above the 12.5 percent return were to be applied to rate reductions and the remaining one-third was to be retained by GEORGIA. GEORGIA was required to file a general rate case with the Georgia PSC by July 1, 2001. Accordingly, on June 29, 2001, GEORGIA filed a rate plan with the Georgia PSC. On December 20, 2001, the Georgia PSC approved a three-year rate order, effective January 2, 2002. Under the new accounting order, GEORGIA's rates are set assuming a 12.5 percent return on common equity. Future earnings are to be evaluated against a retail return on common equity range of 10 percent to 12.95 percent. Two-thirds of any earnings in excess of 12.95 percent will be applied to rate reductions and the remaining one-third retained by GEORGIA. The order will also decrease retail rates by $118 million per year effective January 2, 2002. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 21, 2001 THE SOUTHERN COMPANY By /s/Tommy Chisholm Tommy Chisholm Secretary -----END PRIVACY-ENHANCED MESSAGE-----