-----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, OjuRcl1zIj3xix47ZjEyYj/02nf1QAEMDqMigSZoqhYZZwXii922innzMF37/r5s qYU69zfXQnFwzDb/9PHRCQ== 0000775358-95-000006.txt : 19951120 0000775358-95-000006.hdr.sgml : 19951120 ACCESSION NUMBER: 0000775358-95-000006 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19951116 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: 070-08173 FILM NUMBER: 95594146 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 THE SOUTHERN DEVELOPMENT AND INVESTMENT GROUP, INC. Pursuant to order of the Securities and Exchange Commission dated January 25, 1995, in the matter of File No. 70-8173. -------------------------- The Southern Development and Investment Group, Inc. (Southern Development) pursuant to Rule 24, hereby provides the following information as required by the above-mentioned order: (a) Statement of Income
SOUTHERN DEVELOPMENT & INVESTMENT GROUP, INC. INCOME STATEMENT (unaudited) NINE MONTHS ENDED SEPTEMBER 1995 REVENUE Revenue $10,444,440 Interest Income 43,314 --------------- TOTAL SALES 10,487,754 EXPENSES Salaries and Wages 3,108,500 Rent 137,751 Depreciation/Amortization 112,663 Office Supplies and expenses 635,227 Outside Services Employed 4,345,342 Alabama Power Company 304,466 Georgia Power Company 2,254,603 Gulf Power Company 55,581 Mississippi Power Company 44,333 Southern Company Services 4,789,285 Maintenance 57,879 Miscellaneous General 284,313 Insurance 1,867 Taxes Other than Income 18,029 --------------- TOTAL EXPENSES 16,149,839 NET INCOME (LOSS) BEFORE TAX (5,662,085) Benefit for Income Taxes 1,981,426 NET INCOME (LOSS) AFTER TAXES $(3,680,659)
(b) Balance Sheet
SOUTHERN DEVELOPMENT & INVESTMENT GROUP, INC. BALANCE SHEET (unaudited) September 30, 1995 SEPTEMBER ASSETS 1995 Cash and temporary investments $ 101,825 Accounts Receivable: Associated companies 1,879,773 Customers and others, less allowance for doubtful accounts 4,296,234 Costs and estimated earnings in excess of billings on contracts 3,052,195 Prepaids and other 30,776 Materials and supplies 101,343 ---------------- Total current assets 9,462,146 Investments-Envirotech 1,966,890 Office furniture, fixtures, equipment, and leasehold improvements 1,300,919 Less accumulated depreciation and amortization (514,552) Net property and equipment 786,367 Intangible and other assets, net 1,667,060 TOTAL ASSETS $13,882,463 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable: Associated companies $ 812,510 Other 5,459,345 Billings in excess of costs and estimated earnings on contracts 1,815,660 Other accrued liabilities 1,149,319 Total current liabilities 9,236,834 Noncurrent deferred income taxes 39,157 Total liabilities 9,275,991 Common Stock, par value $1; 500 shares authorized and outstanding 500 Additional paid-in capital 8,286,631 Retained earnings (3,680,659) Total stockholders' equity 4,606,472 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,882,463 ============
(c) Cash Flow Statement
SOUTHERN DEVELOPMENT & INVESTMENT GROUP, INC. CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 NINE MONTHS ENDED SEPTEMBER, 1995 CASH FLOWS FROM OPERATING ACTIVITIES: Net Loss $(3,680,659) ----------- Adjustments to reconcile net loss to net cash used in operating activities: Depreciation/amortization 112,663 Changes in operating assets and liabilities: Accounts Receivable (6,155,771) Costs and estimated earnings in excess of billings on contracts (3,052,195) Deferred income taxes 133,156 Prepaids and other assets (106,542) Accounts payable and other accrued liabilities 7,327,522 Billings in excess of costs and estimated earnings on contracts 1,815,660 ----------- Total adjustments 74,493 ------------- Net cash used in operating activities (3,606,166) ---------- CASH FLOWS FROM INVESTING ACTIVITIES: Project Investment (1,966,890) Purchase of property and equipment, net (2,392,017) ----------- Total cash flows from investing activities (4,358,907) ---------- CASH FLOWS FROM FINANCING ACTIVITIES: Additional capital transfers 2,429,202 Additional capital contributions 3,080,000 ----------- Total cash flows from financing activities 5,509,202 ----------- INCREASE (DECREASE) IN CASH AND TEMPORARY INVESTMENTS (2,455,871) CASH AND TEMPORARY INVESTMENTS AT BEGINNING OF YEAR 2,557,696 CASH AND TEMPORARY INVESTMENTS AT END OF PERIOD $ 101,825 ===========
(a) A narrative of activities undertaken during the previous quarter (third quarter, 1995) in each of the following areas: (i) Prototype Energy Management System Development has continued market research and product development with respect to evaluation of interactive energy management technologies and is continuing discussions with respect to the acquisition of communications capacity for the required communications system and is developing a pilot project in suburban Atlanta. (ii) Energy Management and Efficiency Services Development has continued product development and has engaged in market research with respect to required energy management and efficiency services and projects, but has not engaged in any such project on a commercial basis. (iii) POWERcall(tm) Development has continued to work on the development of a business plan for the commercialization of POWERcall(tm). In the interim, it is conducting a pilot project in Birmingham, Alabama which provides power monitoring to approximately 200 Alabama Power customers and a combined power monitoring and home security monitoring to approximately 545 Alabama Power employees and retirees. This past quarter the program was expanded to all Southern Company employees in the state of Alabama. (iv) Research and Development Development continued to focus research and development on services which can be offered to improve customer satisfaction with the core electric utility business, including the following: prototype energy management, energy management and efficiency services, power monitoring and home security, home monitoring automation, and energy storage. (v) Energy and Resource Recovery Facilities Development evaluated a variety of such projects and with the exception of a potential energy storage project which is still under consideration, Development elected not to participate. (vi) Technical Consulting Services Development continued to provide the technical consulting services formerly provided by SEI, including engineering services, transformer testing and repair, environmental testing, and procurement inventory management and joint procurement services. (vii) Licensing of Intellectual Property Development continued to provide support for the Good Cents program, including activities related to the Good Cents Environmental Home Program and the Residential Building Energy Program, including technical support and training with respect to Good Cents programs. Development also continued Enerlink product development and activities relating to the licensing of Enerlink and the servicing of such license contracts. (b) A project-by-project table, covering both the previous quarter and the time period that has elapsed since the date of this order, for each of Development's business activities comparing-- (i) the amount of the Commission's authorization for such business activity; (ii) the amount of Development's budget for such business activity; (iii) the actual investment expended on such business activity.
COMMISSION'S 1995 3RD QUARTER INVESTMENT BUSINESS LINES AUTHORIZATION BUDGET INVESTMENT # SINCE INCEPTION# Prototype Energy $175 million $7.21 million $.52 million $.62 million Management System Energy Management and $40 million $.50 million $.12 million $.13 million Efficiency Services POWERcall (tm) $20 million $1.49 million $.21 million $.23 million Research and Development $20 million $5.46 million $.50 million $.55 million Activities Energy and Resource $10 million $0.00 $0.00 $0.00 Recovery Facilities Technical Consulting $5 million $0.00 $0.00 $0.00 Services Licensing of $5 million $.74 million $1.45 million $1.55 million Intellectual Property
# - Reflects capital contributions to Development by The Southern Company, and does not include investments made from cash internally generated by Development. (c) A description of any services received by Development from Southern Company Services and from each of the Southern Operating Companies. This description should contain the dollar value of the services by company and the number and type of personnel used to render the services.
DOLLAR VALUE OF SERVICE NUMBER OF PERSONNEL TYPE OF PERSONNEL OPERATING COMPANY Alabama Power Company 87,057 N/A* Chemists - -Technical Consulting for Instructors Environmental Matters Georgia Power Company 380,431 80 Skilled Technicians, - -Technical Consulting and Repair Engineers, of Equipment Administrative Gulf Power Company 3,153 1 Marketing - -Market Research re. Interactive Energy Management Mississippi Power Company 26,274 14 Mechanics, - -Repair of Equipment Administrative Southern Company Services 1,776,893 234 ** Engineering, - -Professional & Technical Procurement, Services including: Finance, Accounting, Marketing, Market Research, Information Information Resource Resource, Telecommunications, Accounting, and Engineering Services * N/A - Not available ** These employees recorded a total of 20,319 hours for the quarter which is the equivalent of 39 full time employees.
(d) A description of any services rendered by Development to any associate company within the Southern System. Development will include a statement as to whether the services were at cost. 1. Support of Operating Companies Good Cents Program. 2. Technical support and training for Residential Building Energy Program (RBEP) software package. 3. Services associated with developing, deploying and maintaining information based products that facilitate the delivery of competitive pricing options to large accounts. These software products include customer energy use analysis systems, enhanced energy use analysis products for account executives to augment their customer service role, billing system systems for billing large accounts and rate analysis products for use by rate departments for designing, developing and administering new rates. The services include design, development of new software solutions as well as adaptation of existing software programs related to the above applications. All services were at cost, except that intellectual property licensed to affiliate companies was for no charge except for the cost of making the property or a copy thereof available, and except for the cost of making required modifications. (e) A description of customer financing provided by or through Development, including-- (i) the amount of such financing by type of energy conservation and efficiency equipment; (ii) the accumulative amount of financing outstanding by customer classification; (iii) bad debt write-off incurred during the quarter; (iv) disclosure of the material terms and conditions applying to such financing. Development has no customer financing. (f) Amounts and forms of currently effective guarantees of, and similar provisions and arrangements concerning, performance and undertaking of other obligations by Development. None. (g) Amounts and forms of currently effective indemnifications of, and sureties on, bonds or other obligations issued on behalf of Development. None. (h) Amounts and forms of guarantees of, and similar provisions and arrangements concerning, performance and undertaking of other obligations by Development. None. (i) Amounts and forms of indemnifications of, and sureties on, bonds or other obligations issued on behalf of Development. None. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this certificate to the signed on its behalf by the undersigned thereunto duly authorized. Dated November 14, 1995 THE SOUTHERN DEVELOPMENT AND INVESTMENT GROUP, INC. BY /s/ Tommy Chisholm Tommy Chisholm Secretary -----END PRIVACY-ENHANCED MESSAGE-----