-----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, G4NNnYdMtDpruqy2XtETZdD9Q2Bglm8K61zb5hu0ZXJ7ugqgn9d7p+Iohv0YFhpl Q/EVL5FKHC0LK1QGogvFLA== /in/edgar/work/20000614/0000092122-00-000079/0000092122-00-000079.txt : 20000919 0000092122-00-000079.hdr.sgml : 20000919 ACCESSION NUMBER: 0000092122-00-000079 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000607 ITEM INFORMATION: FILED AS OF DATE: 20000614 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: 654629 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, DC 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 7, 2000 ------------------------------- THE SOUTHERN COMPANY - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-3526 58-0690070 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 270 Peachtree Street, NW, Atlanta, Georgia 30303 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (404) 506-5000 ------------------------------ Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) - 2 - Item 5. Other Events. Reference is made to paragraph (1) of Item 1 - "Legal Proceedings" in the Quarterly Report on Form 10-Q of The Southern Company for the quarter ended March 31, 2000 for information concerning a Federal Energy Regulatory Commission ("FERC") proceeding that will determine the percentage of a settled $158.8 million annual revenue requirement for the period from June 1, 1999 through December 31, 2001 to be paid to Southern Energy California, L.L.C. and its subsidiaries (collectively, "SE California") under reliability must-run agreements between SE California and the California Independent System Operator ("CAISO"). On June 7, 2000, the administrative law judge ("ALJ") presiding over the proceeding issued an initial decision in which the ALJ allocated responsibility for payment of approximately 3% of the revenue requirement to the CAISO. SE California plans to appeal the ALJ's decision to the FERC. The outcome of this appeal cannot now be determined. If SE California is unsuccessful in its appeal of the ALJ's decision, SE California will be required to refund certain amounts of the revenue requirement billed to the CAISO for the period from June 1, 1999 until the final disposition of the appeal. The amount of this refund as of May 31, 2000 would have been approximately $91 million and would have reduced net income by approximately $50 million. These amounts do not include interest that would be payable in the event of a refund. If SE California is unsuccessful in its appeal, it plans to pursue other options available under the reliability must-run agreements to mitigate the impact of the ALJ's decision upon its future operations. - 3 - 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. THE SOUTHERN COMPANY By: /s/Tommy Chisholm Tommy Chisholm Secretary Date: June 14, 2000 -----END PRIVACY-ENHANCED MESSAGE-----