Document:

EXHIBIT 10(a)25

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

THE SOUTHERN COMPANY

 

Effective as of March 1, 2008, the following are the annual base salaries of the Chief Executive Officer, Chief Financial Officer and certain other executive officers of The Southern Company.

 

	
            David M. Ratcliffe

President and Chief Executive Officer
 	
            $1,129,467
 
	
            W. Paul Bowers

Executive Vice President and Chief Financial Officer
 	
            $565,098
 
	
            Thomas M. Fanning

Executive Vice President
 	
            $664,685
 
	
            Charles D. McCrary

Executive Vice President of the Company,

President and Chief Executive Officer of Alabama

Power Company 
 	
            $662,242
 
	
            Michael D. Garrett

Executive Vice President of the Company,

President and Chief Executive Officer of Georgia Power 

Company
 	
            $695,402
 
	
            G. Edison Holland, Jr.

Executive Vice President

 
 	
            $541,544Exhibit 10(a)26

 

 

SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION

 

THE SOUTHERN COMPANY

 

Only non-employee directors are compensated for service on the Board of Directors (the "Board") of The Southern Company (the "Company"). The pay components are as follows:

 

	
            Annual Retainers:

 

	
            •
 	
            $175,000 of which $90,000 is deferred in shares of Company common stock until Board membership ends;
 
	
            •
 	
            $12,500 if serving as Chair of a standing Board committee; and
 
	
            •
 	
            $12,500 if serving as the Presiding Director
 	
             

 

Meeting Fees:

 

	
            •
 	
            $2,500 for participation in a meeting of the Board, if the number of meetings exceeds eight annually 
 

 

Directors may elect to defer up to 100 percent of their compensation until membership on the Board ends. There is no pension plan for non-employee Directors.EXHIBIT 10(b)17

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

ALABAMA POWER COMPANY

 

Effective as of March 1, 2008, the following are the annual base salaries of the Chief Executive Officer, the Chief Financial Officer and certain other executive officers of Alabama Power Company.

 

	
            Charles D. McCrary

President and Chief Executive Officer
 	
            $662,242
 
	
            Art P. Beattie

Executive Vice President, Chief Financial Officer and 

Treasurer
 	
            $289,068
 
	
            C. Alan Martin

Executive Vice President
 	
            $441,348
 
	
            Steven R. Spencer

Executive Vice President
 	
            $379,187
 
	
            Jerry L. Stewart

Senior Vice President
 	
            $354,792EXHIBIT 10(c)22

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

GEORGIA POWER COMPANY

 

Effective as of March 1, 2008 the following are the annual base salaries of the Chief Executive Officer, Chief Financial Officer and certain other executive officers of Georgia Power Company (the “Company”).

 

	
            Michael D. Garrett

President and Chief Executive Officer
 	
            $695,402
 
	
            Cliff S. Thrasher

Executive Vice President, Chief Financial Officer and Treasurer
 	
            $282,366
 
	
            Christopher C. Womack

Senior Vice President
 	
            $336,616
 
	
            James H. Miller, III

Senior Vice President and General Counsel
 	
            $336,137
 
	
            Mickey A. Brown

Executive Vice President
 	
            $363,253EXHIBIT 10(d)18

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

GULF POWER COMPANY

 

Effective as of March 1, 2008, the following are the annual base salaries of the Chief Executive Officer, Chief Financial Officer and certain other executive officers of Gulf Power Company.

 

	
            Susan N. Story

President and Chief Executive Officer
 	
            $396,084
 
	
            Ronnie R. Labrato

Vice President and Chief Financial Officer
 	
            $242,959
 
	
            P. Bernard Jacob

Vice President
 	
            $223,637
 
	
            Theodore J. McCullough

Vice President
 	
            $182,973

 
 
	
            Bentina C. Terry

Vice President
 	
            $209,572
 

 

 

Penny Manuel, Vice President of Southern Company Services, Inc., served as Vice President of the Company until August 2007.  Ms. Manuel’s annual base salary for the year ended December 31, 2007 was $208,141.EXHIBIT 10(e)16

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS

 

MISSISSIPPI POWER COMPANY

 

Effective as of March 1, 2008, the following are the annual base salaries of the Chief Executive Officer, Chief Financial Officer and certain other executive officers of Mississippi Power Company (the “Company”).

 

	
            Anthony J. Topazi

President and Chief Executive Officer
 	
            $392,343
 
	
            Frances V. Turnage

Vice President, Treasurer and Chief Financial Officer
 	
            $227,640
 
	
            Donald R. Horsley

Vice President
 	
            $254,818
 
	
            Kimberly D. Flowers

Vice President
 	
            $216,775
 
	
            John W. Atherton

Vice President
 	
            $190,021exhibit10.htm

    
      

    

     

     

    For Immediate Release

    
       

       

       

       

       

       

       

      Metallurgical
Tests Confirm Molybdenum Grade and Recovery Projections for Lucky Jack Project;
Non Acid Generating Tailing Produced

       

       

       

      RIVERTON, Wyoming (February 25, 2008) — U.S. Energy Corp. (“U.S. Energy”)
(NASDAQ: USEG) and its partner at the Lucky Jack Molybdenum Project, Kobex
Resources Ltd. (Kobex) (TSX-V: KBX), are pleased to provide the following update
on the Lucky Jack Molybdenum Project:

       

       

       

      A preliminary laboratory metallurgical test program has been completed at
SGS-Lakefield Research on material from the Lucky Jack deposit.  The test
program was conducted on historical core and reject samples from previous drill
programs conducted by Cyprus Amax.  The program included locked cycle
testing which produced a molybdenum concentrates assaying between 45 and 50%
molybdenum at 86 to 90% molybdenum recovery from samples with a head grade of
0.30% molybdenum.  This is in line with the historical projections by
Cyprus Amax.  The developed process eliminates the use of cyanide which was
previously proposed and simplifies the overall reagent scheme.

       

       

       

      The process also includes a step to remove pyrite by flotation following
molybdenum recovery.  This processing addition removes the sulphide
minerals from the main tailings flow and was undertaken to produce final
tailings for surface storage having minimal environmental impact.  A
tailings characterization program conducted by Golder Paste Tec is currently
underway.  This program includes a study of paste backfill with the
objective of maximizing the placement of tailings underground as backfill to
fill the voids left by mining.  Environmental analysis of the tailings
planned for surface storage produced by the locked cycle testing which
incorporated the pyrite flotation step has been completed by both SGS-Lakefield
Research and Golder Paste Tec.  In both of these analyses the
neutralization potential ratio (NPR), which is the ratio of neutralization
potential (NP) to acid-generating potential (AP) was greater than 4.5 to
1.  This is a strong indication the flotation tailings to be stored on
surface will not be acid generating.  Industry accepted criteria classify a
material with NPR greater than 4 as having no potential for acid
generation.  

       

       

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
            Press
Release

            February
25, 2008

            Page
2 of 3

          

        

      

       

       

      Maurice Tagami, COO of Kobex stated, “We are very pleased with the
results of the metallurgical test program.  The ability to produce a high
quality molybdenum concentrate with reasonable recovery at the laboratory scale
is good news for the Project.  The results of the pyrite flotation as part
of the process are extremely encouraging as we are committed to being able to
design a mine and process plant which will have minimal environmental
impact.  A non-acid-generating tailings stream is another step towards this
goal.”

       

       

       

      Kobex is also pleased to announce that its wholly-owned subsidiary, Kobex
Colorado Corporation, compiled an excellent safety record for 2007, with over
36,000 hours worked with no safety incidents or lost time accidents.  “Our
Colorado-based Project, operations staff and contractors are to be commended for
their exemplary safety record in our first year of the development of the Lucky
Jack Project.  Human health and safety is a top priority for our
organization.” stated Leo King, President of Kobex.

       

       

       

      Keith Larsen, Chairman and Chief Executive Officer of U.S. Energy, said,
“We continue to make significant progress toward demonstrating the operational
and environmental viability of the Lucky Jack Project.  In the decades
since this deposit was discovered, technology has evolved to a point where there
is now potential for an economically feasible project, with all of the benefits
this will mean to the local communities and a way to virtually eliminate
acid-generating tailings which, historically, has been one of the most difficult
environmental problems associated with mining.  In addition, we are pleased
with the safety record of Kobex.  U.S. Energy and Kobex are committed to a
safe and healthy workplace.” 

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
            Press
Release

            February
25, 2008

            Page 3
of 3

          

        

      

       

       

      * * *
* * 

       

       

       

      ABOUT U.S. ENERGY
CORP. 

       

       

       

      Disclosure Regarding Mineral
Resources

       

      Under SEC and Canadian Regulations;

       

      and Forward-Looking
Statements

       

       

       

      The Company owns or may come to own
stock in companies which are traded on foreign exchanges, and may have
agreements with some of these companies to acquire and/or develop the Company’s
mineral properties.  Examples of these other companies are Sutter Gold
Mining Inc. and Kobex Resources Ltd.  These other companies are subject to
the reporting requirements of other jurisdictions.  

       

       

       

      United States residents are
cautioned that some of the information available about our mineral properties,
which is reported by the other companies in foreign jurisdictions, may be
materially different from what the Company is permitted to disclose in the
United States.

       

       

       

      This news release includes
statements which may constitute “forward-looking” statements, usually containing
the words “believe,” “estimate,” “project,” “expect," or similar
expressions.  These statements are made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995. 
Forward-looking statements inherently involve risks and uncertainties that could
cause actual results to differ materially from the forward-looking
statements.  Factors that would cause or contribute to such differences
include, but are not limited to, future trends in mineral prices, the
availability of capital, competitive factors, and other risks.  By making
these forward-looking statements, the Company undertakes no obligation to update
these statements for revision or changes after the date of this
release.

       

       

       

      For further information on the
differences between the reporting limitations of the United States, compared to
reports filed in foreign jurisdictions, and also concerning forward-looking
statements, please see the Company’s Form 10-K (“Disclosure Regarding
Forward-Looking Statements”; “Disclosure Regarding Mineral Resources under SEC
and Canadian Regulation”; and “Risk Factors”); and similar disclosures in the
Company’s Forms 10-Q.

       

       

       

      * * *
*

       

      For further
information, please contact:

       

      Keith G. Larsen,
CEO or Mark J. Larsen, President

       

      U.S. Energy Corp.
(307) 856-9271

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