[Federal Register Volume 65, Number 103 (Friday, May 26, 2000)]
[Notices]
[Page 34236]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-13233]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27178]


Filings Under the Public Utility Holding Company Act of 1935, as 
amended (``Act'')

May 19, 2000.
    Notice is hereby given that the following filing(s) has/have been 
made with the Commission pursuant to provisions of the Act and rules 
promulgated under the Act. All interested persons are referred to the 
application(s) and/or declarations(s) for complete statements of the 
proposed transaction(s) summarized below. The application(s) and/or 
declaration(s) and any amendment(s) is/are available for public 
inspection through the Commission's Branch of Public Reference.
    Interested persons wishing to comment or request a hearing on the 
application(s) and/or declaration(s) should submit their views in 
writing by June 13, 2000, to the Secretary, Securities and Exchange 
Commission, Washington, D.C. 20549-0609, and serve a copy on the 
relevant applicant and/or declarant(s) at the address(es) specified 
below. Proof of service (by affidavit or, in the case of an attorney at 
law, by certificate) should be filed with the request. Any request for 
hearing should identify specifically the issues of facts or law that 
are disputed. A person who so requests will be notified of any hearing, 
if ordered, and will receive a copy of any notice or order issued in 
the matter. After June 13, 2000 the application(s) and/or 
declaration(s) as filed or as amended, may be granted and/or permitted 
to become effective.

Southern Co. et al. (70-8733)

    The Southern Company, a registered public utility holding company, 
located at 270 Peachtree Street, N.W., Atlanta, Georgia, Southern 
Energy, Inc. (``SEI''), a nonutility subsidiary company, and Southern 
Energy Resources, Inc., a nonutility subsidiary company of SEI, both 
located at 900 Ashwood Parkway, Suite 500, Atlanta, Georgia 30338, have 
filed a post-effective amendment under section 12(c) of the Act and 
rules 46 and 54 under the Act.
    By supplemental orders dated July 17, 1996 and July 2, 1997 (HCAR 
Nos. 26543 and 26738, respectively), the Commission authorized SEI and 
its current and future subsidiaries to pay dividends to their parent 
companies with respect to the securities of such companies through June 
30, 2000, out of capital or unearned surplus (including revaluation 
reserve). In both orders the Commission reserved jurisdiction over 
payment of dividends out of capital or unearned surplus by any current 
or future subsidiary company of SEI that derived any material part of 
its revenues from the sale of goods, services, electricity or natural 
gas to any of Southern's five domestic electric utility subsidiaries or 
to Southern Company Services, Inc.
    SEI and its current and future subsidiaries now propose to extend 
the time during which they may declare and pay dividends to their 
parent companies with respect to the securities of such companies, from 
time to time through June 30, 2002, out of capital or unearned surplus. 
The Commission will continue to reserve jurisdiction over the payment 
of dividends out of capital or unearned surplus by any current or 
future subsidary company of SEI that derived any material part of its 
revenues from the sale of goods, services, electricity or natural gas 
to any of Southern's five domestic electric utility subsidiaries or to 
Southern Company Services, Inc. The application cites the need to 
efficiently manage the unrestricted cash of SEI and its intermediate 
and special purpose subsidiaries as the main reason for extending the 
time to declare and issue dividends.

    For the Commission by the Division of Investment Management, 
under delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 00-13233 Filed 5-25-00; 8:45 am]
BILLING CODE 8010-01-M