[Federal Register Volume 64, Number 195 (Friday, October 8, 1999)]
[Notices]
[Page 54939]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-26254]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27080]


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

October 1, 1999.
    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 declaration(s) for complete statements of the 
proposed transaction(s) summarized below. The application(s) and/or 
declaration(s) and any amendments 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 October 26, 1999, to the Secretary, Securities and Exchange 
Commission, Washington, DC 20549-0609, and serve a copy on the relevant 
applicant(s) and/or declarant(s) at the address(es) specified below. 
Proof of service (by affidavit or, in 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 October 26, 1999, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

Alabama Power Company (70-9547)

    Alabama Power Company (``APC''), 600 North 18th Street, Birmingham, 
Alabama 35291, a wholly owned public utility subsidiary of The Southern 
Company, a registered holding company, has filed an application-
declaration under sections 9(a), 10 and 12(d) of the Act, and rules 44 
and 54 under the Act.
    By Alabama state statute (``Territorial Act''), Alabama grants the 
primary electric supplier within each municipality in Alabama the 
option (``Option'') to acquire all distribution facilities of any 
secondary electric supplier used to supply retail electric service 
within the particular municipal limits.\1\ The Territorial Act also 
establishes a method for detemining the price to be paid for those 
facilities. APC and other primary electric suppliers have exercised the 
Option in a timely fashion.
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    \1\ The primary and secondary electric suppliers in the 
municipalities affected by the Territorial Act, other than Alabama 
Power, are comprised of electric membership corporations, rural 
electric cooperatives and/or municipally owned electric 
distributors.
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    APC has exercised the Option in those municipalities where it is 
the primary electric supplier, and, accordingly, proposes to purchase 
the distribution facilities of the secondary electric supplier in 
accordance with the provisions of the Territorial Act. The 
consideration APC will pay for these facilities will not exceed, in the 
aggregate, $20 million. Once APC acquires the facilities, it will 
immediately connect them to other distribution facilities owned by APC.
    In some municipalities APC is the secondary electric supplier, and 
has received timely notice of the exercise of the Option from the 
primary electric supplier in the particular municipality. In these 
cases, APC proposes to sell the facilities for amounts to be determined 
in accordance with the Territorial Act, which amounts will not exceed 
$10 million in the aggregate. Once these facilities are sold, they will 
be disconnected from APC's distribution system.

    For the Commission by the Division of Investment Management, 
under delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 99-26254 Filed 10-7-99; 8:45 am]
BILLING CODE 8010-01-M