Document:

Exhibit 10(b)1

                              AMENDED AND RESTATED

                         SUPPLEMENTAL PENSION AGREEMENT

         THIS AMENDED AND RESTATED SUPPLEMENTAL PENSION AGREEMENT, made as of
the 12th day of May, 2003, by and between SOUTHERN COMPANY SERVICES, INC.
("SCS"), SOUTHERN NUCLEAR OPERATING COMPANY, INC. ("Nuclear"), ALABAMA POWER
COMPANY ("Alabama") (SCS, Nuclear and Alabama are each referred to herein
individually as "Company" and collectively as "Companies"), and JAMES H. MILLER,
III (the "Employee").

                                 WITNESSETH THAT

         WHEREAS, the Employee is currently employed by SCS as a highly
compensated employee and a member of its management;

         WHEREAS, the Employee was previously employed by Alabama and, before
such employment with Alabama, by Nuclear;

         WHEREAS, pursuant to the Employee's prior employment with Nuclear,
Nuclear and the Employee entered into a Supplemental Pension Agreement dated May
26, 1994 for the provision of certain supplemental retirement benefits ("Nuclear
Agreement"); and

         WHEREAS, the Companies and the Employee wish to amend and restate the
Nuclear Agreement in order to recognize the Employee's transfers of employment
from Nuclear to Alabama and from Alabama to SCS and to provide for the payment
by SCS, Alabama and Nuclear of their proportionate shares of the benefits
provided hereunder.

         NOW, THEREFORE, in consideration of the premises and of the mutual
covenants herein contained, the parties agree as follows:

         1. If the Employee shall continue to serve SCS faithfully, diligently
and competently to the best of his ability from the date of this Agreement until
either

                  a. such date after his service as an employee shall terminate;
         or

                  b. his retirement in accordance with the provisions of The
         Southern Company Pension Plan ("Plan"); or

                  c. his death while in the service of the Company if his spouse
         is entitled to benefits as a Provisional Payee under the Plan; then the
         provisions of Paragraphs 2 and 3 hereof shall be operative.

         2. The Companies shall pay to the Employee an amount per month equal to
the difference between the monthly amount payable to the Employee under the Plan
as it shall then be in effect at the time any monthly amount shall be payable in
accordance with this Paragraph and the monthly amount which would have been
payable to him under the Plan if the Employee were given credit for ten
additional years of Accredited Service under the Plan, less any deductions
hereinafter provided. The benefit provided in the preceding sentence shall be
paid to the Employee in monthly installments on the first day of each month in
the same manner and commence at the same time as the Employee's election to
receive Retirement Income under the Plan. For the purpose of computing a monthly
amount payable to the Employee under the Plan, no limitation on benefits imposed
by the Internal Revenue Code as it now exists or is hereafter amended or any
other limiting legislation shall be taken into account. The computations
required for the determination of the monthly payments hereunder and the periods
used as periods of Accredited Service shall be calculated so as to give
appropriate effect in each instance to the exclusion of any portions of such
period on account of eligibility, military service, leave of absence, or
otherwise as may be required under the Plan as it shall be in effect at the time
such monthly payment is to be made.

         3. If, in accordance with the terms of the Plan, the Employee shall
have a Provisional Payee entitled to receive payments thereunder, then the
Provisional Payee shall be entitled to payments under this Agreement which, when
added to payments to her under the Plan, would be appropriate if the Employee
were given credit for ten additional years of Accredited Service under the Plan.

         4. SCS, Nuclear and Alabama agree to share the cost of any payments to
the Employee and his Provisional Payee under Paragraphs 2 and 3 of this
Agreement in accordance with the terms of this Paragraph 4. Each Company's share
of any payment to the Employee or his Provisional Payee under Paragraphs 2 and 3
herein shall be calculated by multiplying such payment by a fraction, where the
numerator of such fraction is the base rate of pay received by the Employee from
the respective Company on his date of transfer or termination, as applicable,
multiplied by the Employee's Accredited Service at such Company, and where the
denominator of such fraction is the sum of all numerators calculated for SCS,
Nuclear and Alabama.

         5. Neither the entering into nor the termination of this Agreement for
any cause shall affect the Employee's right to such salary, fees or other
compensation for his services as an employee, officer or director of SCS as it
has agreed or may agree to pay him prior to or subsequent to his termination of
service nor the Employee's right to participate in and receive benefits under
any plan or plans of SCS now existing, or which may hereafter exist, providing
benefits for its employees.

         6. The Employee shall not, under any circumstances, have any option or
right to require payments hereunder otherwise than in accordance with the terms
hereof and after the terms and contingencies herein specified have been met.
Except as specifically allowed by law, neither the Employee nor any Provisional
Payee shall have any power of anticipation, alienation, mortgage, pledge,
encumbrance or assignment of payments contemplated hereunder, and all rights and
benefits of the Employee and of any Provisional Payee shall be for his or her
sole personal benefit, and no other person shall acquire any right, title or
interest hereunder by reason of any sale, assignment, mortgage, pledge,
encumbrance, transfer, claim or judgment or bankruptcy proceedings against the
Employee or his Provisional Payee.

         7. Nothing contained in this Agreement shall be construed to affect in
any manner the existing rights of SCS or the Employee to suspend, terminate,
alter or modify, whether or not for cause, the employment relationship
contemplated by Paragraph 1 hereof.

         8. The failure of either party to insist in any one or more instances
upon performance of any of the terms or conditions of this Agreement shall not
be construed as a waiver or a relinquishment of any right granted hereunder or
of the future performance of any such term, covenant or condition, but the
obligation of either party with respect thereto shall continue in full force and
effect.

         9. The parties hereto agree that the validity of this Agreement or any
of the provisions hereof shall be determined under and according to the laws of
the State of Alabama, and that the Agreement and its provisions shall be
interpreted and construed in accordance with the laws of that State.

         10. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and any successor to the business of SCS, Nuclear or Alabama,
but neither this Agreement nor any right hereunder may be assigned by the
Employee, and in any event, the Agreement shall, if not sooner terminated,
terminate for all purposes upon the death of the Employee or, if his Provisional
Payee shall survive the Employee and shall be entitled to receive any payments
hereunder, upon the death of the Provisional Payee, and the satisfaction by SCS,
Nuclear and Alabama of their obligations arising theretofore under the
Agreement.

         IN WITNESS WHEREOF, SCS, Nuclear and Alabama have caused this Amended
and Restated Supplemental Pension Agreement to be executed by their duly
authorized officers and the Employee has executed this Agreement in
quadruplicate on or as of the day and year first above written.

ATTEST:                                     SOUTHERN COMPANY SERVICES, INC.

/s/Sam H. Dabbs, Jr.                        By:      /s/G. Edison Holland, Jr.
                                            Its:     EVP

ATTEST:                                     ALABAMA POWER COMPANY

/s/William E. Zales, Jr.                    By:      /s/William B. Hutchins, III
                                            Its:     EVP

ATTEST:                                     SOUTHERN NUCLEAR OPERATING
                                            COMPANY, INC.

/s/Sherry A. Mitchell                       By:      /s/W. G. Hairston, III
                                            Its:     President & CEO

/s/Karan T. Thompson                        /s/James H. Miller, III
Witness                                     EMPLOYEEExhibit 10.35

Exhibit 10.35

NINTH AMENDMENT TO
CREDIT AGREEMENT 

        This
Ninth Amendment to Credit Agreement (the “Amendment”) is made as of this 25th
day of July, 2003 by and among ASCENT FUNDING, INC. (the “Borrower”), and
LASALLE BANK NATIONAL ASSOCIATION (the “Bank”). 

W I T N E S S E T H: 

        WHEREAS,
the Borrower and the Bank are parties to that certain Credit Agreement, dated as of June
6, 1997, as amended by that certain First Amendment to Credit Agreement, dated as of
September 8, 1998, as further amended by that certain Second Amendment to Credit
Agreement, dated as of August 12, 1999, as further amended by that certain Third Amendment
to Credit Agreement, dated as of November 30, 2000 with an effective date of September 30,
2000, as further amended by that certain Fourth Amendment to Credit Agreement, dated as of
April 17, 2001, as further amended by that certain Fifth Amendment to Credit Agreement,
dated as of November 27, 2001, as further amended by that certain Sixth Amendment to
Credit Agreement, dated as of May 15, 2002, as further amended pursuant to that certain
Seventh Amendment to Credit Agreement, dated as of November 20, 2002, and as further
amended pursuant to that certain Eighth Amendment to Credit Agreement, dated as of January
27, 2003 (collectively, the “Credit Agreement”); and 

        WHEREAS,
the Borrower and the Bank desire to further amend the Credit Agreement as more fully set
forth herein; 

        NOW,
THEREFORE, in consideration of the mutual agreements herein contained and other good
and valuable consideration, the adequacy of which is hereby acknowledged, and subject to
the terms and conditions hereof, the parties hereto agree as follows: 

SECTION I.      DEFINITIONS.  Unless  otherwise  defined herein,  all  capitalized  terms shall have the meaning given to them in the
Credit Agreement. 

SECTION II.     AMENDMENTS TO CREDIT AGREEMENT.

             2.1     The definition of “Commitment” in Section 1.1 of the Credit
          Agreement is hereby deleted in its entirety and amended by inserting the
          following in its stead: 

        “Commitment
means the commitment of the Bank to make Revolving Loans hereunder in the aggregate amount
of $3,000,000, as the same may be adjusted from time to time pursuant to Section 2.4 or by
written agreement between the Borrower and the Bank.” 

        2.2     
The definition of “Revolving Loan Termination Date” in Section 1.1 of the Credit
Agreement is hereby deleted in its entirety and amended by inserting the following in its
stead: 

        “Revolving
Loan Termination Date means January 5, 2004; provided, however, if not
fewer than two (2) months nor more than four (4) months prior to any Anniversary Date, the
Borrower requests the Bank to extend the Revolving Loan Termination Date for an additional
year and if the Bank in its sole discretion in writing within thirty (30) days of such
request, grants such request, the Revolving Loan Termination Date means the date to which
the Revolving Loan Termination Date has been so extended. If such date is not a Business
Date, the Revolving Loan Termination Date shall be the next preceding Business Day.” 

        2.3     Section 2.1 of the Credit Agreement is hereby deleted in its entirety and replaced by inserting the following in its stead:

        “2.1
The Revolving Loans. Subject to the terms and conditions of this Agreement, the
Bank agrees to make revolving loans to the Borrower (hereinafter collectively referred to
as the “Revolving Loan” or “Revolving Loans”) from time to time from
the date hereof until and including the Revolving Loan Termination Date, but not exceeding
in the aggregate principal amount at any one time outstanding, the lesser of (i) an amount
equal to the Borrowing Base or (ii) the amount of THREE MILLION AND NO/100 DOLLARS
($3,000,000). Each Borrowing under this Section 2.1 of (i) a Base Rate Loan shall be in
the principal amount of not less than $200,000; or (ii) a LIBOR Rate Loan shall be in the
principal amount of not less than $200,000. During the Commitment Period and subject to
the foregoing limitations, the Borrower may borrow, repay and reborrow Revolving Loans,
all in accordance with the terms and conditions of this Agreement.” 

        2.3     
Exhibit D, numeric paragraph 2 to the Credit Agreement is hereby deleted in its entirety
and amended by inserting the following in its stead: 

             “2.       
          has a Cut-Off Date (as defined in the Receivables Purchase Agreements) relating
          to the sale of such Receivable not later than two months prior to the Revolving
          Loan Termination Date;" 

SECTION III.   CONDITIONS PRECEDENT. The  effectiveness  of this  Amendment  is expressly  conditioned  upon  satisfaction  of the
following conditions precedent:

        3.1       The Bank shall have received a copy of this Amendment duly executed by the Borrower.

        3.2     
The Bank shall have received such other documents, certificates and assurances as it shall
reasonably request, all of which shall have been delivered on or prior to the date hereof. 

SECTION IV.    REAFFIRMATION OF
THE BORROWER. The Borrower hereby represents and warrants to the Bank that
(i) the warranties set forth in Article 5 of the Credit Agreement are true and
correct on and as of the date hereof, except to the extent (a) that any such warranties
relate to a specific date, or (b) changes thereto are a result of transactions for which
the Bank has granted its consent; (ii) the Borrower is on the date hereof in
compliance with all of the terms and provisions set forth in the Credit Agreement as
hereby amended; and (iii) upon execution hereof no Event of Default has occurred and is
continuing or has not previously been waived. 

SECTION V.     
EXPENSES. The Borrower shall pay, upon demand, all reasonable
attorneys’ fees and out-of-pocket costs of the Bank in connection with this Amendment
and the agreements, documents and other items contemplated hereunder. 

SECTION VI.   
 FULL FORCE AND EFFECT.  Except as herein  amended,  the Credit  Agreement and all other Loan Documents shall remain in full
force and effect.

SECTION VII.  
 COUNTERPARTS. This  Amendment  may be executed in two or more  counterparts,  each of which shall be deemed an original,
but all of which together shall constitute one and the same document.

        
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the day
and year specified above. 

	 	ASCENT FUNDING, INC. 
	 
	 
	 
	 	By:

Name:

Title:
	/ Patrick Mitchell / 

Patrick Mitchell 

 President 

	 	LASALLE BANK NATIONAL
ASSOCIATION
	 
	 
	 
	 	By:

Name:

Title:
	/ Bradley Kronland /

Bradley Kronland 

Assistant Vice President 

ACKNOWLEDGMENT AND
AGREEMENT OF GUARANTOR 

        The
undersigned, ASCENT ASSURANCE, INC. (formerly Westbridge Capital Corp.), hereby ratifies
and reaffirms that certain Guaranty dated June 6, 1997 (as amended from time to time, the
“Guaranty”) made by the undersigned in favor of LaSalle Bank National
Association (the “Bank”) and each of the terms and provisions contained therein,
and agrees that the Guaranty continues in full force and effect following the execution
and delivery of the foregoing Amendment. The undersigned represents and warrants to the
Bank that the Guaranty was, on the date of the execution and delivery thereof, and
continues to be, the valid and binding obligation of the undersigned enforceable in
accordance with its terms and that the undersigned has no claims or defenses to the
enforcement of the rights and remedies of the Bank under the Guaranty. 

        IN
WITNESS WHEREOF, this Acknowledgment and Agreement of Guarantor has been duly authorized
as of this 25th day of July, 2003. 

	 	ASCENT ASSURANCE, INC.
	 
	 
	 
	 	By:

Name:

Title:
	/ Patrick Mitchell /

Patrick Mitchell 

President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00054-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00054-of-00352.parquet"}]]