0000092122-95-000095.txt : 19950816 0000092122-95-000095.hdr.sgml : 19950816 ACCESSION NUMBER: 0000092122-95-000095 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950815 SROS: NONE 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: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-07911 FILM NUMBER: 95564400 BUSINESS ADDRESS: STREET 1: 64 PERIMETER CTR EAST CITY: ATLANTA STATE: GA ZIP: 30346 BUSINESS PHONE: 4043930650 35-CERT 1 CERTIFICATE OF NOTIFICATION 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, 1995. 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 was completed in October, 1994 and the rail line is in service. Preparation of the documents to effect conveyance to Alabama Power Company is in progress. Southern Electric Railroad Company's McIntosh Railroad Project Negotiations are continuing with CSX for the grade crossing of their mainline. The installation of the grade crossing on U.S. Highway 21 will occur concurrently with the Georgia Department of Transportation's widening of this road. The Department of Transportation is scheduled to make award of this road widening project in the third quarter of 1995. We are awaiting final authorization of the Interstate Commerce Commission for the construction of the rail project. Southern Electric Railroad Company's Turnout Project for Southern Electric Generating Company Certificate of Notification dated November 28, 1994 was filed with the Commission concerning this project. Construction commenced March 20, 1995. -2- Southern Electric Generating Companny (SEGCO) SEGCO transferred operation and maintenance responsibility for its Gaston line (known as SEGCO Railroad) to the Southern Electric Railroad Company (SERCO) effective August 9, 1995. SEGCO granted an easement to SERCO in conjunction with this transfer. (3) Reference is made to Certificates of Notification previously filed with the Commission dated February 5, 1993 relating to Alabama Power Company; May 18, 1993 relating to Savannah Electric and Power Company; and November 28, 1994 relating to Southern Electric Generating Company. (4) No information to report at this time. Dated August 15, 1995 SOUTHERN ELECTRIC RAILROAD COMPANY By /s/ Wayne Boston Wayne Boston ` Assistant Secretary Exhibit A THE SOUTHERN ELECTRIC RAILROAD COMPANY FINANCIAL STATEMENTS JUNE 1995 Contents Page No. Income Statement 1 Balance Sheet 2 Balance Sheet Details 3 Notes to the Financial Statements 4 1
SOUTHERN ELECTRIC RAILROAD COMPANY INCOME STATEMENT JUNE 30, 1995 REVENUE SERVICES RENDERED $43,175.34 ---------- TOTAL REVENUE 43,175.34 ---------- EXPENSES AMORTIZATION EXPENSE-ORGANIZATION COSTS 166.80 LEGAL EXPENSES 9,224.86 SCS FEES AND EXPENSES 29,662.56 OUTSIDE SERVICES 889.32 CORPORATE FEES AND EXPENSES 3,231.80 ---------- TOTAL EXPENSES 43,175.34 ---------- NET INCOME (LOSS) $ 0.00 ==========
2 SOUTHERN ELECTRIC RAILROAD COMPANY BALANCE SHEET JUNE 1995 ASSETS AND OTHER DEBITS PROPERTY AND OTHER INVESTMENTS: ORGANIZATION-NET $ 1,028.81 CONSTRUCTION WORK-IN-PROGRESS-NET 0.00 ----------- TOTAL PROPERTY AND OTHER INVESTMENTS 1,028.81 ----------- CURRENTS ASSETS: CASH 229,401.97 ACCOUNTS RECEIVABLE-ASSOC.COMPANIES 83,315.51 ----------- TOTAL CURRENT ASSETS 312,717.48 ----------- TOTAL ASSETS AND OTHER DEBITS $313,746.29 =========== 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 163,480.60 ACCOUNTS PAYABLE - ASSOC. COS. 145,265.69 ----------- TOTAL CURRENT LIABILITIES 308,746.29 ----------- TOTAL LIABILITIES AND STOCKHOLDER EQUITY $313,746.29 =========== THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE BALANCE SHEETS.
3 SOUTHERN ELECTRIC RAILROAD COMPANY BALANCE SHEET DETAILS JUNE 1995 PROPERTY AND OTHER INVESTMENTS ORGANIZATION $ 1,668.21 ACCUMULATED AMORITIZATION 639.40 ---------- ORGANIZATIONAL COSTS - NET $ 1,028.81 ========== CONSTRUCTION-WORK-IN-PROGRESS CONSTRUCTION-WORK-IN-PROGRESS (CWIP): ALABAMA POWER COMPANY $4,753,136.79 ALABAMA POWER COMPANY - EASEMENT 381,755.09 SAVANNAH ELECTRIC AND POWER COMPANY 464,276.10 SOUTHERN ELECTRIC GENERATING COMPANY 400,322.03 ------------- TOTAL CWIP 5,999,490.01 LESS: CWIP BILLED ALABAMA POWER COMPANY $5,134,891.88 SAVANNAH ELECTRIC AND POWER CO. 464,276.10 SOUTHERN ELECTRIC GENERATING COMPANY 400,322.03 ------------- TOTAL CWIP BILLED 5,999,490.01 NET CONSTRUCTION-WORK-IN-PROGRESS $ 0 .00 ============== CURRENT ASSETS CASH - NATIONSBANK $229,401.97 =========== ACCOUNTS RECEIVABLE ALABAMA POWER COMPANY $12,454.36 SAVANNAH ELECTRIC AND POWER COMPANY 59,135.51 SOUTHERN ELECTRIC GENERATING COMPANY 11,725.64 ---------- TOTAL ACCOUNTS RECEIVABLE $83,315.51 ========== CURRENT LIABILITIES SOUTHERN COMPANY SERVICES, INC. $141,265.69 ALABAMA POWER COMPANY 1,360.40 GEORGIA POWER COMPANY 1,884.00 GULF POWER COMPANY 273.60 MISSISSIPPI POWER COMPANY 242.80 SAVANNAH ELECTRIC & POWER COMPANY 64.40 SOUTHERN ELECTRIC AND POWER COMPANY 174.80 ----------- TOTAL ASSOCIATED COMPANIES 145,265.69 NON-ASSOCIATED COMPANIES 163,480.60 ----------- TOTAL CURRENT LIABILITIES $308,746.29 ===========
SOUTHERN ELECTRIC RAILROAD COMPANY NOTES TO FINANCIAL STATEMENTS JUNE 30, 1995 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.