-----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, IGWJV2In5/dzC5GkgLURyKxbXX2t+d2MJ3BqRw6XTzy8sJKdtbJ3+ttUdNjWIzV7 OKSjh068+WSdHfq+4VjCww== /in/edgar/work/20000609/0000092122-00-000078/0000092122-00-000078.txt : 20000919 0000092122-00-000078.hdr.sgml : 20000919 ACCESSION NUMBER: 0000092122-00-000078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000608 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN CO CENTRAL INDEX KEY: 0000092122 STANDARD INDUSTRIAL CLASSIFICATION: [4911 ] IRS NUMBER: 580690070 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-03526 FILM NUMBER: 652753 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 0001.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) June 8, 2000 ------------------------------- 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 the press release of Southern Energy, Inc. which is filed herewith as Exhibit 99 and hereby incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) Exhibits. 99 - Press Release regarding agreement to acquire power plants and other assets of Potomac Electric Power Company. 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 thereunto duly authorized. THE SOUTHERN COMPANY By /s/Tommy Chisholm Tommy Chisholm Secretary Date: June 9, 2000 EX-99 2 0002.txt Exhibit 99 News News Media Contact: David Mould, (770) 821-7531 James Peters, (678) 579-5266 http://www.southernco.com June 8, 2000 Southern Energy to acquire power plants serving D.C. area WASHINGTON, D.C. - Southern Energy Inc. has signed an agreement to acquire power plants with electric generating capacity totaling 5,154 megawatts and other assets from Potomac Electric Power Company (Pepco) for $2.65 billion. The transaction involves four power plants: the 837-megawatt Dickerson Station, fueled by coal, oil and natural gas in Montgomery County, Md.; the 2,423-megawatt Chalk Point Station, fueled by coal, oil and natural gas in Prince George's County, Md.; the 1,412-megawatt Morgantown Station, fueled by coal and oil in Charles County, Md.; and the 482-megawatt Potomac River Station, fueled by coal in Alexandria, Va. Southern Energy has agreed to sell power from the power plants back to Pepco for up to four years. Southern Energy also will acquire the Piney Point Oil Pipeline, a 51.5-mile pipeline serving the Maryland power plants, Pepco's rights and obligations to the 84-megawatt Southern Maryland Electric Cooperative combustion turbine, and an engineering and maintenance service facility. Southern Energy, a unit of Southern Company, was selected as purchaser of the assets in a bid process initiated by Pepco. The acquisition is expected to close later this year, pending regulatory approvals. About 1,000 Pepco employees will become Southern Energy employees. Southern Energy also will assume some of Pepco's power purchase and delivery agreements and will operate and maintain two other Pepco power plants, the 256-megawatt Buzzard Point Generation Station and the 550-megawatt Benning Generation Station. Both plants, located in Washington, D.C., are fueled by oil and used when demand for electricity is at its peak. Credit Suisse First Boston advised Southern Energy on the transaction and, in addition, has agreed to provide funds to cover the cost of the acquisition. (more) NEWS RELEASE 2 JUNE 8, 2000 Southern Energy Inc. - with operations in 13 countries on five continents - develops, builds, owns and operates power production and delivery facilities and provides a broad range of services to utilities and industrial companies around the world. Its Southern Company Energy Marketing unit provides energy marketing, risk management and financial services and other energy-related commodities, products and services to customers in the United States and Canada. Southern Company (NYSE: SO), the largest producer of electricity in the United States, is also the parent firm of Alabama Power, Georgia Power, Gulf Power, Mississippi Power and Savannah Electric. Pepco is an investor-owned company that engages in regulated utility operations and diversified competitive energy and telecommunications businesses through its wholly owned subsidiaries. The utility delivers electricity to 1.9 million people in Washington D.C. and major portions of Prince George's and Montgomery counties in suburban Maryland and sells electricity at wholesale to the Southern Maryland Electric Cooperative Inc. Caution regarding forward-looking statements: The information presented above includes forward-looking statements, in addition to historical information. Southern Energy cautions that there can be no assurance that such indicative results will be realized and that there are various important factors that could cause actual results to differ materially from those indicated in the forward-looking statements, such as, but not limited to (i) changes in government regulations (including environmental regulations) and anticipated deregulation of the electric energy industry; (ii) additional competition in Southern Energy's markets; (iii) potential business strategies, including acquisitions or dispositions of assets that Southern Energy may pursue; (iv) political, legal and economic conditions and developments in Southern Energy's markets; (v) financial market conditions and the results of financing efforts; (vi) changes in commodity prices and interest rates; (vii) weather and other natural phenomena; (viii) the performance of Southern Energy projects and investments and the success of efforts to develop new opportunities; and (ix) other factors, whether discussed above or in reports filed by Southern Energy and Southern Company (and its subsidiaries) with the Securities and Exchange Commission. # # # # # -----END PRIVACY-ENHANCED MESSAGE-----