Document:

Exhibit 10(a)72

                               FOURTH AMENDMENT TO
                              THE SOUTHERN COMPANY

                                  PENSION PLAN

         WHEREAS, the Board of Directors of Southern Company Services, Inc. (the
"Company") heretofore adopted The Southern Company Pension Plan (the "Plan"), as
amended and restated effective January 1, 1997;

         WHEREAS, the Company desires to amend the Plan to grant prior service
credit to certain employees formerly employed by Pacific Gas and Electric
Company ("PG&E") and to provide for an offset of the PG&E retirement benefit;

         WHEREAS, the Company desires to amend the Plan to grant prior service
and benefit credit to certain employees formerly employed by Orange and Rockland
Utilities, Inc. ("O&R") and to provide for an offset of the O&R retirement
benefit;

         WHEREAS, the Company also desires to make certain clarifying changes to
the Plan; and

         WHEREAS, the Company is authorized pursuant to Section 13.1 of the Plan
to amend the Plan at any time.

         NOW, THEREFORE, the Company hereby amends the Plan as follows to be
effective as provided herein:

                                       1.

         Effective January 1, 1997, Section 15.2(d) of the Plan shall be amended
by replacing the term "Early Retirement Date" with the term "earlier Retirement
Date" in each place where such term appears.

                                       2.

         Effective January 1, 1997, Section 15.3 of the Plan is amended by
deleting such Section in its entirety and replacing it with the following:

         15.3 Early Retirement Reduction.

                  (a) With respect to Employees described in Section 15.1(a) and
         (b) who retire before their Normal Retirement Date, the monthly amount
         of Retirement Income provided in Section 15.2 shall be reduced in
         accordance with Section 5.5. With respect to Employees described in
         Section 15.1(c), the monthly amount of Retirement Income provided in
         Section 15.2 shall be reduced in accordance with Section 5.5 except
         that the term "five-tenths of one percent (0.5%)" shall replace the
         term "three-tenths of one percent (0.3%)" where it appears in the first
         paragraph thereof.

                  (b) Notwithstanding paragraph (a) above, if a former Employee
         subject to Section 15.1(c)(1) who is eligible to receive Retirement
         Income is reemployed by an Affiliated Employer, his Retirement Income
         accrued prior to his original termination from service shall be
         determined in accordance with the terms of the Plan in effect as of
         such termination. In the event that an Employee described in the
         preceding sentence accrues additional Retirement Income in accordance
         with Section 15.2 after his reemployment, such Retirement Income shall
         be subject to Sections 15.2(c) and the second sentence of Section
         15.3(a).

                                       3.

         Effective January 1, 1995, Section 16.1(a)(3) of the Plan shall be
amended to read as follows:

         (3) With respect to determining the Social Security Offset and the
         level income option set forth in the last paragraph of Section 5.5, the
         actual salary history of the Scheduled Employee during his employment
         with any Affiliated Employer and with Scott Paper Company shall be
         utilized. If the actual salary history is not available from Scott
         Paper Company, such history shall be estimated in accordance with
         Section 5.4.

                                       4.

         Effective January 1, 1999, Section 16.1(c)(1) of the Plan shall be
amended by replacing the phrase "eligible to become a Participant" with the
phrase "included in the Plan" and Section 16.1(c)(4) shall be amended to read as
follows:

         (4) For purposes of calculating Retirement Income, such CES Employee's
         actual salary history with CES shall be included. With respect to
         determining the Social Security Offset and the level income option set
         forth in the last paragraph of Section 5.5, if the actual salary
         history is not available from CES, such history shall be estimated in
         accordance with Section 5.4.

                                       5.

         Effective April 1, 1999, Article XVI of the Plan shall be amended by
adding the following to the end thereof:

         (d) Former Pacific Gas and Electric Company Employees.

                  (1) Effective April 1, 1999, notwithstanding any other
         provision of the Plan to the contrary, any former employees of Pacific
         Gas and Electric Company ("PG&E") who were employed by Southern Energy
         Resources, Inc. and are set forth on a schedule of employees
         acknowledged by the Retirement Board (hereinafter "PG&E Employees")
         shall be included in the Plan as of the first day of the month
         coincident with or next following the later of the PG&E Employee's
         employment date or the date on which he first completes an Eligibility
         Year of Service as provided in Paragraph (5) below.

                  (2) PG&E Employees who (A) were actively employed by PG&E on
         January 1, 1997 and (B) attain their fortieth (40th) birthday on or
         before January 1, 2002 shall not be subject to provisions of Article XV
         of the Plan.

                  (3) If and when a PG&E Employee attains his Early Retirement
         Date, Normal Retirement Date, or Deferred Retirement Date, or
         terminates service for any reason subject to the requirements of
         Section 8.1 or 8.2, he shall be entitled to receive Retirement Income
         based on both his Accredited Service with an Employing Company and his
         service for benefit purposes as defined and accrued under the Pacific
         Gas and Electric Company Retirement Plan (the "PG&E Plan") which shall
         be treated as if Accredited Service under this Plan. To calculate such
         PG&E Employee's Retirement Income, the PG&E Employee's Accrued
         Retirement Income, as determined in accordance with Section 5.1, shall
         first be reduced by the Employee's accrued benefit in the PG&E Plan,
         determined as if he retired from PG&E on his Normal Retirement Date, as
         defined in the PG&E Plan on April 1, 1999. Thereafter, such PG&E
         Employee's Retirement Income shall be subject to applicable reductions,
         if any, in accordance with Article V, Section 8.1 and Section 8.2, as
         appropriate.

                  (4) For purposes of calculating Retirement Income, such PG&E
         Employee's actual salary history with PG&E shall be included. With
         respect to determining the Social Security Offset and the level income
         option set forth in the last paragraph of Section 5.5, if the actual
         salary history is not available from PG&E, such history shall be
         estimated in accordance with Section 5.4.

                  (5) For vesting and participation purposes, such PG&E Employee
         shall be entitled to receive Vesting and Eligibility Years of Service
         as provided under the Plan and, in addition, shall be entitled to
         vesting and eligibility service equal to such service as defined and
         accrued under the PG&E Plan.

                                       6.

         Effective July 1, 1999, Article XVI of the Plan shall be amended by
adding the following to the end thereof:

         (e) Former Orange and Rockland Utilities, Inc. Employees.

                  (1) Effective July 1, 1999, notwithstanding any other
         provision of the Plan to the contrary, any former employees of Orange
         and Rockland Utilities, Inc. ("O&R") who were employed by Southern
         Energy Resources, Inc. and are set forth on a schedule of employees
         acknowledged by the Retirement Board (hereinafter "O&R Employees")
         shall be included in the Plan as of the first day of the month
         coincident with or next following the later of the O&R Employee's
         employment date or the date on which he first completes an Eligibility
         Year of Service as provided in Paragraph (8) below.

                  (2) Notwithstanding anything in the Plan to the contrary, the
         monthly Retirement Income payable to an O&R Employee shall be a monthly
         Retirement Income determined as a single life annuity commencing on his
         Normal Retirement Date equal to (A) the Allowance payable to such O&R
         Employee as defined under the Employees' Retirement Plan of Orange and
         Rockland Utilities, Inc. ("O&R Plan") on June 30, 1999 ("Closing Date")
         and as accrued under the O&R Plan for periods prior to the Closing Date
         ("O&R Benefit") and (B) one-twelfth (1/12) of two percent (2%) of the
         O&R Employee's Earnings received during each year of Accredited Service
         under the Plan for periods beginning on and after the Closing Date. In
         addition, for purposes of (B) above, immediately prior to an O&R
         Employee's separation from the service of an Employing Company, such
         O&R Employee shall be credited with two additional years of Accredited
         Service, with Earnings credited during each of these two additional
         years of Accredited Service equal to his Earnings at the time he
         separates from service.

                  (3) Notwithstanding anything in the Plan to the contrary, the
         Early Retirement Date of an O&R Employee under the Plan shall be the
         first day of the month following the date such O&R Employee retires on
         or after his fifty-fifth (55th) birthday, provided such O&R Employee
         has accrued ten (10) or more years of Accredited Service. For such
         purpose, the O&R Employee's Credited Service for periods prior to April
         8, 1999, and Eligible Service for periods on and after April 8, 1999
         and prior to the Closing Date, as such service is defined and accrued
         under the O&R Plan, shall be treated as Accredited Service under this
         Plan. The amount of such O&R Employee's Retirement Income shall be
         determined in accordance with Paragraph (2) above, reduced by one-third
         of one-percent (.333%) for each complete calendar month by which the
         commencement date precedes the first day of the month following the O&R
         Employee's sixtieth (60th) birthday. The reduction in the preceding
         sentence shall be in lieu of the reduction described in Section 5.5. No
         reduction of an O&R Employee's Retirement Income shall be made,
         however, if the sum of such O&R Employee's number of years of
         Accredited Service (including his Eligible Service under the O&R Plan
         prior to the Closing Date) and his age as of his Early Retirement Date
         equals or exceeds eighty-five (85).

                  (4) In addition to the other benefits described herein, an O&R
         Employee who retires from service after his Early Retirement Date and
         whose Retirement Income commences after his sixtieth (60) birthday and
         before his sixty-second (62nd) birthday shall receive a supplemental
         payment of six hundred dollars ($600.00) for each month beginning on
         the date his Retirement Income commences. Such supplemental payments
         shall cease after payment is made for the month which includes such O&R
         Employee's sixty-second (62nd) birthday or the month during which the
         O&R Employee dies, whichever is earlier. This supplemental payment
         shall not be paid as an optional form of payment under the Plan and
         shall not be payable to any Provisional Payee. Notwithstanding the
         foregoing, in any event, the supplemental payment shall not be paid
         under this Plan to the extent that a supplemental payment is payable
         under the O&R Plan.

                  (5) The Retirement Income payable to an O&R Employee who is
         entitled to receive Retirement Income in accordance with Article VIII
         shall be determined in accordance with paragraph (2). Such O&R Employee
         may elect to receive his vested Retirement Income as of the first day
         of any month after his fifty-fifth (55th) birthday provided such O&R
         Employee has accrued ten (10) or more years of Accredited Service or as
         of his Normal Retirement Date. For such purpose, the O&R Employee's
         Credited Service for periods prior to April 8, 1999, and Eligible
         Service for periods on and after April 8, 1999 and prior to the Closing
         Date, as such service is defined and accrued under the O&R Plan, shall
         be treated as Accredited Service under this Plan. Such Retirement
         Income shall be reduced by one-half of one-percent (.5%) for each
         calendar month by which the commencement date precedes the first day of
         the month following the O&R Employee's sixty-fifth (65th) birthday. The
         reduction in the preceding sentence shall be in lieu of the reduction
         described in Section 8.2.

                  (6) For purposes of calculating the level income option set
         forth in the last paragraph of Section 5.5 , the actual pay history of
         an O&R Employee with O&R shall be utilized. If the actual pay history
         is not available from O&R, such history shall be estimated in
         accordance with Section 5.4.

                  (7) If and when an O&R Employee attains his Early Retirement
         Date, Normal Retirement Date, or Deferred Retirement Date, or
         terminates service for any reason subject to the requirements of
         Section 8.1 or 8.2, his Retirement Income shall be offset by the
         largest O&R Benefit payable under the O&R Plan as of (A) the Closing
         Date, (B) the date such O&R Employee's benefits commence under this
         Plan or (C) any date during the period beginning on the Closing Date
         and ending on the date such O&R Employee's benefits commence under this
         Plan. Notwithstanding the preceding sentence, in the event that an O&R
         Employee is not eligible to receive an O&R Benefit prior to his
         sixty-fifth (65th) birthday, the amount of the offset shall (A) in the
         event that the O&R Employee's Retirement Income commences prior to his
         sixty-fifth (65th) birthday, be reduced when he attains his sixty-fifth
         (65th) birthday by the largest O&R Benefit payable to such O&R
         Employee, regardless of whether such O&R Benefit actually commences
         when he attains his sixty-fifth (65th) birthday, or (B) in the event
         that the O&R Employee's Retirement Income commences on or after he
         attains his sixty-fifth (65th) birthday, be reduced by the amount of
         the O&R Benefit payable to such O&R Employee at the time his Retirement
         Income commences, regardless of whether his O&R Benefit commences at
         such time. Any reduction described above shall be made after an O&R
         Employee's Retirement Income is adjusted in accordance with Article V,
         or Section 8.1 and Section 8.2, as appropriate. The offsets set forth
         in this Paragraph shall be further described in an Offset Summary
         adopted by the Retirement Board, which shall be used as a reference to
         calculate the amount of the O&R Plan offsets.

                  (8) For purposes of vesting and participation, an O&R Employee
         shall accrue service as provided under the Plan and, in addition, shall
         be entitled to service credit for these purposes equal to his Eligible
         Service as defined and accrued under the O&R Plan prior to the Closing
         Date.

                  (9) For purposes of Paragraph (2) above, Earnings shall have
         the same meaning as set forth in Section 1.13 of the Plan modified as
         follows: (A) during a Plan Year in which an O&R Employee is employed,
         Earnings shall include the rate of salary or wages actually paid to
         such O&R Employee, plus actual annual incentive payments made to the
         O&R Employee for which he is eligible; (B) for the two year period
         credited in accordance with the last sentence of Paragraph (2),
         Earnings shall have the same meaning as set forth in (A) above, except
         that it shall be based on such O&R Employee's rate of salary or wages
         in effect as of his separation from service.

                                       7.

         Effective January 1, 1997, Section 1.14(a) of the Georgia Power Company
Schedule and Section 1.13(a) of the Southern Nuclear Operating Company, Inc.
Schedule shall be amended by replacing the term "nuclear plan premium" with the
term "nuclear plant premium" in each place where such term appears.

                                       8.

         Except as amended herein by this Fourth Amendment, the Plan shall
remain in full force and effect.

         IN WITNESS WHEREOF, Southern Company Services, Inc., through its duly
authorized officer, has adopted this Fourth Amendment to The Southern Company
Pension Plan pursuant to resolutions of the Board of Directors of Southern
Company Services, Inc. this ____ day of ___________________, 1999, to be
effective as stated herein.

                                       SOUTHERN COMPANY SERVICES, INC.

                                       By:

                                       Title:
ATTEST

By:      ________________________
Its:     ________________________Exhibit 10(a)74
                              THE SOUTHERN COMPANY

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                 Amended and Restated Effective January 1, 1999

<PAGE>

                              THE SOUTHERN COMPANY
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                    ARTICLE I - PURPOSE AND ADOPTION OF PLAN

         1.1 Adoption: Southern Company Services, Inc. hereby adopts The
Southern Company Supplemental Executive Retirement Plan as amended and restated
January 1, 1999 (the "Plan"). The Plan was initially established effective
January 1, 1997. The Plan shall be an unfunded deferred compensation arrangement
whose benefits shall be paid solely from the general assets of the Company.

         1.2 Purpose: The Plan is designed to provide deferred compensation
benefits primarily for a select group of management or highly compensated
employees which are not otherwise payable under The Southern Company Pension
Plan as a result of the exclusion of incentive pay from the definition of
earnings set forth under such plan.

<PAGE>

                            ARTICLE II - DEFINITIONS

         2.1 "Administrative Committee" shall mean the Retirement Board of the
Pension Plan.

         2.2 "Affiliated Employer" shall mean any corporation which is a member
of the controlled group of corporations of which The Southern Company is the
common parent corporation which the Board of Directors may from time to time
determine to bring under the Plan and which shall adopt the Plan, and any
successor of any of them.

         2.3 "Beneficiary" shall mean any person, estate, trust or organization
entitled to receive any payment under the Plan upon the death of a Participant.

         2.4 "Board of Directors" shall mean the Board of Directors of the
Company. 2.5 "Code" shall mean the Internal Revenue Code of 1986, as amended
from time to time. 2.6 "Company" shall mean Southern Company Services, Inc.

         2.7 "Effective Date" shall mean January 1, 1997.

         2.8 "Employee" shall mean any person who is employed by an Affiliated
Employer excluding any persons represented by a collective bargaining agent.

         2.9 "Incentive Pay" shall mean all awards earned while an Employee
under any incentive pay plans sponsored by an Affiliated Employer as shall be
determined by the Board from time to time and set forth in Appendix B attached
hereto, provided such incentive award was earned on and after January 1, 1994.
If a person was formerly represented by a collective bargaining agent with
respect to any corporation which is a member of the controlled group of
corporations of which The Southern Company is the common parent and such person
subsequently becomes an Employee, incentive awards described in the preceding
sentence shall include awards earned on and after January 1, 1994 while
represented by such collective bargaining agent.

         2.10 "Participant" shall mean an Employee or former Employee of an
Affiliated Employer who is eligible to participate in the Plan pursuant to
Sections 4.1 and 4.2.

         2.11 "Pension Plan" shall mean The Southern Company Pension Plan, as
amended from time to time. 2.12 "Plan" shall mean The Southern Company
Supplemental Executive Retirement Plan, as amended from time to time.

         2.13 "Plan Year" shall mean the calendar year.

         2.14 "SERP Benefit" shall mean the benefit described in Section 5.1.

         2.15 "Supplemental Pension Benefit" shall mean the pension benefit, if
any, that is payable to a Participant under a group and/or individual
supplemental benefit plan of an Affiliated Employer (as such term is defined
therein).

         Where the context requires, the definitions of all terms set forth in
the Pension Plan shall apply with equal force and effect for purposes of
interpretation and administration of the Plan, unless said terms are otherwise
specifically defined in the Plan. The masculine pronoun shall be construed to
include the feminine pronoun and the singular shall include the plural, where
the context so requires.

<PAGE>

                      ARTICLE III - ADMINISTRATION OF PLAN

         3.1 Administrator. The general administration of the Plan shall be
placed in the Administrative Committee.

         3.2 Powers. The Administrative Committee shall administer the Plan in
accordance with its terms and shall have all powers necessary to carry out the
provisions of the Plan more particularly set forth herein. The Administrative
Committee shall have the discretionary authority to interpret the Plan and shall
determine all questions arising in the administration, interpretation and
application of the Plan. Any such determination by it shall be conclusive and
binding on all persons. It may adopt such regulations as it deems desirable for
the conduct of its affairs. It may appoint such accountants, counsel, actuaries,
specialists and other persons as it deems necessary or desirable in connection
with the administration of this Plan, and shall be the agent for the service of
process.

         3.3 Duties of the Administrative Committee.

                  (a) The Administrative Committee is responsible for the daily
         administration of the Plan. It may appoint other persons or entities to
         perform any of its fiduciary functions. The Administrative Committee
         and any such appointee may employ advisors and other persons necessary
         or convenient to help it carry out its duties, including its fiduciary
         duties. The Administrative Committee shall have the right to remove any
         such appointee from his position. Any person, group of persons or
         entity may serve in more than one fiduciary capacity.

                  (b) The Administrative Committee shall maintain accurate and
         detailed records and accounts of Participants and of their rights under
         the Plan and of all receipts, disbursements, transfers and other
         transactions concerning the Plan. Such accounts, books and records
         relating thereto shall be open at all reasonable times to inspection
         and audit by persons designated by the Administrative Committee.

                  (c) The Administrative Committee shall take all steps
         necessary to ensure that the Plan complies with the law at all times.
         These steps shall include such items as the preparation and filing of
         all documents and forms required by any governmental agency;
         maintaining adequate Participants' records; recording and transmission
         of all notices required to be given to Participants and their
         Beneficiaries; the receipt and dissemination, if required, of all
         reports and information received from an Affiliated Employer; securing
         of such fidelity bonds as may be required by law; and doing such other
         acts necessary for the proper administration of the Plan. The
         Administrative Committee shall keep a record of all of its proceedings
         and acts, and shall keep all such books of account, records and other
         data as may be necessary for proper administration of the Plan.

         3.4 Indemnification. The Company shall indemnify the Administrative
Committee against any and all claims, losses, damages, expenses and liability
arising from an action or failure to act, except when the same is finally
judicially determined to be due to gross negligence or willful misconduct. The
Company may purchase at its own expense sufficient liability insurance for the
Administrative Committee to cover any and all claims, losses, damages and
expenses arising from any action or failure to act in connection with the
execution of the duties as Administrative Committee. No member of the
Administrative Committee shall receive any compensation from the Plan for his
service as such.

<PAGE>

                            ARTICLE IV - ELIGIBILITY

         4.1 Eligibility Requirements. All Employees who are determined to be
eligible to participate in the Plan in accordance with Section 4.2 whose
benefits under the Pension Plan are limited by the exclusion of Incentive Pay
from the definition of Earnings thereunder (or their spouses, as the case may
be) shall be eligible to receive benefits under the Plan provided such Employees
are (a) participating in the Plan at the time they terminate from an Affiliated
Employer and are retirement eligible or (b) die while in active service while
with an Affiliated Employer provided each such Employee's spouse is eligible to
receive a survivor benefit under Article VII of the Pension Plan at each
eligible Employee's death. Notwithstanding the foregoing sentence, any former
Employee who is rehired by an Affiliated Employer on or after January 1, 1997,
shall also be required to complete one (1) year of continuous paid service with
an Affiliated Employer before being eligible to participate in the Plan.

         4.2 Determination of Eligibility. The Administrative Committee shall
determine which Employees are eligible to participate. Upon becoming a
Participant, an Employee shall be deemed to have assented to the Plan and to any
amendments hereafter adopted. The Administrative Committee shall be authorized
to rescind the eligibility of any Participant if necessary to ensure that the
Plan is maintained primarily for the purpose of providing deferred compensation
to a select group of management or highly compensated employees under the
Employee Retirement Income Security Act of 1974, as amended.

<PAGE>

                              ARTICLE V - BENEFITS

         5.1 SERP Benefit.

         (a) Subject to Article XV of the Pension Plan, a Participant shall be
entitled to a monthly SERP Benefit equal to:

                  (1)      1.70% (1.0% if subject to Article XV of the Pension
                           Plan) of the Participant's Average Monthly Earnings
                           multiplied by his years (and fraction of a year) of
                           Accredited Service to his Retirement Date, death or
                           other termination of service, including a Social
                           Security Offset, as adjusted, if necessary, under the
                           terms of the Pension Plan for commencement prior to
                           the Participant's Normal Retirement Date; less

                  (2)      such Participant's Retirement Income that is payable
                           under the Pension Plan; less

                  (3)      such Participant's Supplemental Pension Benefit.

         (b) For purposes of Section 5.1(a)(1), the Participant's Average
Monthly Earnings shall be calculated based on the Participant's Earnings that
are considered under the Pension Plan in calculating his Retirement Income, but
without regard to the limitation of Section 401(a)(17) of the Code, and
including the following additional amounts:

                  (1)      any portion of such Participant's base pay that he
                           may have elected to defer under The Southern Company
                           Deferred Compensation Plan, but excluding Incentive
                           Pay he deferred under such plan; and

                  (2)      any Incentive Pay which was earned as of the
                           applicable Plan Year in excess of 25% of the
                           Participant's corresponding base pay for the
                           applicable Plan Year determined under this Section
                           5.1(b).

In addition, to determine the Plan Years which produce the highest monthly
average to calculate Average Monthly Earnings under the Plan, a Participant's
Earnings should include those additional amounts provided for in Section 5.1(b).

         (c) For purposes of Section 5.1(a)(1), the Participant's years of
Accredited Service shall include any deemed Accredited Service provided under
the terms of any agreement concerning supplemental pension payments between the
Participant and an Affiliated Employer.

         (d) To the extent that a Participant's Retirement Income under the
Pension Plan is recalculated as a result of an amendment to the Pension Plan in
order to increase the amount of his Retirement Income, the Participant's SERP
Benefit shall also be recalculated in order to properly reflect such increase in
determining payments of the Participant's SERP Benefit made on or after the
effective date of such increase.

         5.2      Distribution of Benefits.

         (a) The SERP Benefit, as determined in accordance with Section 5.1,
shall be payable in monthly increments on the first day of the month
concurrently with the Participant's Retirement Income under the Pension Plan.
The form in which the SERP Benefit is paid will be the same as elected by the
Participant under the Pension Plan except that the amount of the monthly benefit
will be modified at the appropriate time based on the commencement of payments
as follows. Payments shall be adjusted to include three components:

                  (1)      The amount necessary to pay the tax due under the
                           Federal Insurance Contributions Act with respect to
                           the accrued SERP Benefit determined upon retirement
                           (or such other appropriate "resolution date" as
                           defined under Treasury Regulation Section
                           31.3121(v)-2) calculated in accordance with Section
                           5.1;

                  (2)      The amount estimated to pay the federal and state
                           income tax withholding liability due on the amount
                           paid under paragraph (1) above; and

                  (3)      An adjusted monthly benefit determined on an
                           actuarially equivalent basis in accordance with the
                           terms of the Pension Plan which takes into account
                           the amounts paid under paragraph (1) and (2) above
                           and taking into account the form of benefit elected
                           by the Participant under the Pension Plan.

Upon adjustment, the remaining monthly payments shall equal the amount described
in paragraph (3) above. The Beneficiary of a Participant's Pension Benefit shall
be the same as the Provisional Payee, if any, of the Participant's Retirement
Income under the Pension Plan.

         5.3 Allocation of SERP Benefit Liability. In the event that a
Participant eligible to receive a SERP Benefit has been employed at more than
one Affiliated Employer, the SERP Benefit liability shall be apportioned so that
each such Affiliated Employer is obligated in accordance with Section 5.4 to
cover the percentage of the total SERP Benefit as determined below. Each
Affiliated Employer's share of the SERP Benefit liability shall be calculated by
multiplying the SERP Benefit by a fraction where the numerator of such fraction
is the pay, as defined by the Administrative Committee, received by the
Participant at the respective Affiliated Employer multiplied by the Accredited
Service earned by the Participant at the respective Affiliated Employer and
where the denominator of such fraction is the sum of all numerators calculated
for each respective Affiliated Employer for which the Participant has been
employed. In the event that a Participant receives additional Accredited Service
in accordance with Section 5.1(c), for purposes of determining liability under
this Section 5.3, such Accredited Service shall be allocated to each Affiliated
Employer which has contracted with the Participant in accordance with such
contract and this allocation will be utilized to adjust the appropriate
components of the fraction in the preceding sentence in determining each
Affiliated Employer's share of the SERP benefit liability.

         5.4 Funding of Benefits. The Company shall not reserve or otherwise set
aside funds for the payment of its obligations under the Plan, and such
obligations shall be paid solely from the general assets of the Company.

         5.5 Withholding. There shall be deducted from the payment of any SERP
Benefit due under the Plan the amount of any tax required by any governmental
authority to be withheld and paid over by the Company to such governmental
authority for the account of the Participant or Beneficiary entitled to such
payment.

<PAGE>

                           ARTICLE VI - MISCELLANEOUS

         6.1 Assignment. Neither the Participant, his Beneficiary nor his legal
representative shall have any rights to sell, assign, transfer or otherwise
convey the right to receive the payment of any SERP Benefit due hereunder, which
payment and the right thereto are expressly declared to be nonassignable and
nontransferable. Any attempt to assign or transfer the right to payment under
the Plan shall be null and void and of no effect.

         6.2 Amendment and Termination. The Plan may be amended or terminated at
any time by the Board of Directors, provided that no amendment or termination
shall cause a forfeiture or reduction in any benefits accrued as of the date of
such amendment or termination.

         6.3 No Guarantee of Employment. Participation hereunder shall not be
construed as creating any contract of employment between an Affiliated Employer
and a Participant, nor shall it limit the right of an Affiliated Employer to
suspend, terminate, alter or modify, whether or not for cause, the employment
relationship between the Affiliated Employer and a Participant.

         6.4 Construction. This Plan shall be construed in accordance with and
governed by the laws of the State of Georgia, to the extent such laws are not
otherwise superseded by the laws of the United States.

<PAGE>

         IN WITNESS WHEREOF, the Plan has been executed by duly authorized
officers of Southern Company Services, Inc. pursuant to resolutions of the Board
of Directors of Southern Company Services, Inc. this 15th day of April, 1999.

                                        SOUTHERN COMPANY SERVICES, INC.

                                      By: ____________________________________

                                      Its:____________________________________

ATTEST:

By:  ____________________________

Its: ____________________________

<PAGE>

                                   APPENDIX A

                        THE SOUTHERN COMPANY SUPPLEMENTAL
                            EXECUTIVE RETIREMENT PLAN

                     AFFILIATED COMPANIES AS OF JULY 1, 1998

         Alabama Power Company
         Georgia Power Company
         Gulf Power Company
         Mississippi Power Company
         Savannah Electric and Power Company
         Southern Communications Services, Inc.
         Southern Company Energy Solutions, Inc.
         Southern Company Services, Inc.
         Southern Energy Resources, Inc.
         Southern Nuclear Operating Company, Inc.

<PAGE>

                                   APPENDIX B

                        THE SOUTHERN COMPANY SUPPLEMENTAL
                            EXECUTIVE RETIREMENT PLAN

                               INCENTIVE PAY PLANS

         Effective as of January 1, 1999, all awards under the following
incentive pay plans shall be counted for purposes of Section 2.9 of the Plan:

         The Southern Company Performance Pay Plan
         The Southern Company Productivity Improvement Plan
         The Southern Company Executive Productivity Improvement Plan
         Georgia Power Company 1998 Customer Partnership Teams Incentive Plan
         Georgia Power Company 1998 Residential Customer Partnership Team
         Incentive Plan Georgia Power Company 1998 Northwest Region Residential
         Sales Team Incentive Plan Georgia Power Company Customer Choice Group
         1998 Compensation Plan Georgia Power Company Olympic Project Management
         Group 1998 Short Term Incentive Plan
         Southern Company National Accounts 1998 Incentive Plan
         Southern Company Energy Solutions, Inc. 1998 Officer and Staff
         Incentive Compensation Plan
         Southern Linc Short Term Incentive Plan

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