-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, GaIqe8nI5+z5VfnpYhjvdP2xwUuSfHj2p9ml8qHzC5JWA6mw5c31BWxuFrkp/VPv Hdd/PYgzZhsPPFLfPPfgiw== 0000092122-94-000059.txt : 19940812 0000092122-94-000059.hdr.sgml : 19940812 ACCESSION NUMBER: 0000092122-94-000059 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19940811 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: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-07911 FILM NUMBER: 94542866 BUSINESS ADDRESS: STREET 1: 64 PERIMETER CTR EAST CITY: ATLANTA STATE: GA ZIP: 30346 BUSINESS PHONE: 4043930650 35-CERT 1 SOUTHERN ELECTRIC RAILROAD CERTIFICATE OF NOTIFICATION Filed by SOUTHERN ELECTRIC RAILROAD COMPANY Pursuant to Order of the Securities and Exchange Commission dated January 13, 1993 (HCAR No. 35-25734) in the matter of File No. 70-7911. The following information is provided in response to the requirements of the above stated order. (1) Balance Sheet and Income Statement at June 30, 1994. Reference is made to Exhibit A filed herewith. (2) Reasonable detail concerning the activities undertaken by Railroad Subsidiary during the applicable six-month period, including commencement of construction of any Rail Line and information concerning such Rail Line, such as its location and the Operating Company and generating facility to be served thereby. Southern Electric Railroad Company's Miller Railroad Project Phase I construction of the rail line which commenced in September 1993 is now scheduled for completion in October, 1994. Engineering and studies on Phase II of the project continues. Southern Electric Railroad Company's McIntosh Railroad Project Negotiations are ongoing with CSX for the grade crossing of their mainline. The installation of the grade crossing on US Highway 21 will occur concurrently with the Department of Transportation's widening of this road, which is scheduled to start during the third quarter of 1994. The Department of Transportation is currently reviewing the design of this crossing. Final draft of the Environmental Assessment of the Right of Way is complete and under review. -2- (3) Reference is made to Certificates of Notification previously filed with the Commission dated February 5, 1993 relating to Alabama Power Company and May 18, 1993 relating to Savannah Electric and Power Company. (4) No information to report at this time. Dated August 11, 1994 SOUTHERN ELECTRIC RAILROAD COMPANY By Wayne Boston Wayne Boston Assistant Secretary EX-99 2 EXHIBIT A FINANCIAL STATEMENTS Exhibit A THE SOUTHERN ELECTRIC RAILROAD COMPANY FINANCIAL STATEMENTS JUNE 1994 SOUTHERN ELECTRIC RAILROAD COMPANY FINANCIAL STATEMENTS JUNE 1994 Contents Page No. Balance Sheet 1 Income Statement 2 Balance Sheet Details 3 Notes to the Financial Statements 4 1 SOUTHERN ELECTRIC RAILROAD COMPANY BALANCE SHEET JUNE 1994 ASSETS AND OTHER DEBITS PROPERTY AND OTHER INVESTMENTS: ORGANIZATION-NET $ 1,362.41 CONSTRUCTION WORK-IN-PROGRESS-NET 0.00 TOTAL PROPERTY AND OTHER INVESTMENTS 1,362.41 CURRENTS ASSETS: CASH 3,973.25 ACCOUNTS RECEIVABLE-ASSOC.COMPANIES 29,381.36 TOTAL CURRENT ASSETS 33,354.61 TOTAL ASSETS AND OTHER DEBITS $34,717.02 LIABILITIES AND STOCKHOLDER EQUITY STOCKHOLDER EQUITY: CAPITAL STOCK - 5,000 SHARES at $1 $ 5,000.00 RETAINED EARNINGS 0.00 TOTAL STOCKHOLDER EQUITY 5,000.00 CURRENT LIABILITIES: ACCOUNT PAYABLE - NON-ASSOC. COMPANIES 0.00 ACCOUNTS PAYABLE - ASSOC. COS. 29,717.02 TOTAL CURRENT LIABILITIES 29,717.02 TOTAL LIABILITIES AND STOCKHOLDER EQUITY $34,717.02 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE BALANCE SHEETS. 2 SOUTHERN ELECTRIC RAILROAD COMPANY INCOME STATEMENT JUNE 30, 1994 REVENUE SERVICES RENDERED $4,664.65 TOTAL REVENUE 4,664.65 EXPENSES AMORTIZATION EXPENSE-ORGANIZATION COSTS 166.80 TAXES OTHER THAN INCOME TAX 600.00 LEGAL EXPENSES 2,679.90 CORPORATE FEES AND EXPENSES 1,217.95 TOTAL EXPENSES 4,664.65 NET INCOME (LOSS) $ 0.00 3 SOUTHERN ELECTRIC RAILROAD COMPANY BALANCE SHEET DETAILS JUNE 30, 1994 PROPERTY AND OTHER INVESTMENTS ORGANIZATION $ 1,668.21 ACCUMULATED AMORITIZATION 305.80 ORGANIZATIONAL COSTS - NET $ 1,362.41 CONSTRUCTION-WORK-IN-PROGRESS CONSTRUCTION-WORK-IN-PROGRESS (CWIP): ALABAMA POWER COMPANY $3,190,389.91 SAVANNAH ELECTRIC AND POWER CO. 261,136.78 TOTAL CWIP 3,451,526.69 LESS: CWIP BILLED ALABAMA POWER COMPANY $3,190,389.91 SAVANNAH ELECTRIC AND POWER CO. 261,136.78 TOTAL CWIP BILLED 3,451,526.69 NET CONSTRUCTION-WORK-IN-PROGRESS $0.00 CURRENT ASSETS CASH - NATIONSBANK $ 3,973.25 ACCOUNTS RECEIVABLE ALABAMA POWER COMPANY $15,238.46 SAVANNAH ELECTRIC AND POWER COMPANY 14,142.90 TOTAL ACCOUNTS RECEIVABLE $29,381.36 CURRENT LIABILITIES SOUTHERN COMPANY SERVICES, INC. $29,717.02 4 SOUTHERN ELECTRIC RAILROAD COMPANY NOTES TO FINANCIAL STATEMENTS JUNE 30, 1994 1. General Description Southern Electric Railroad Company (SERC) is a wholly owned subsidiary of The Southern Company (Southern). Southern is registered as a holding company under the Public Utility Holding Company Act of 1935 (PUHCA). Other companies owned by Southern include five operating companies, a system service company, Southern Electric International, Inc., The Southern Development and Investment Group, Inc., Southern Nuclear Operating Company, Southern Electric Bahamas Holdings Ltd., Southern Electric International Holdings, Inc. and Southern Electric Wholesale Generators. SERC is currently designing and constructing railroad facilities to be owned by various operating company subsidiaries of Southern. During the construction period, construction work in progress is reflected on the books of the operating company. However, SERC continues to hold title. After construction is completed, SERC will transfer title to the appropriate operating company but hold an easement granting sole authority to operate and maintain the facilities. All services are provided at cost. 2. SERC has authorized capital stock of 100,000 shares of one dollar ($1.00) par value common stock. Southern owns all 5,000 shares currently outstanding. -----END PRIVACY-ENHANCED MESSAGE-----