SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 16, 2005
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Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
1-3526 The Southern Company 58-0690070
(A Delaware Corporation)
270 Peachtree Street, N.W.
Atlanta, Georgia 30303
(404) 506-5000
1-6468 Georgia Power Company 58-0257110
(A Georgia Corporation)
241 Ralph McGill Boulevard, N.E.
Atlanta, Georgia 30308
(404) 506-6526
The addresses of the registrants have not changed since the last report.
This combined Form 8-K is filed separately by two registrants: The Southern
Company and Georgia Power Company. Information contained herein relating to each
registrant is filed by each registrant solely on its own behalf. Each registrant
makes no representation as to information relating to the other registrant.
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
For information on Georgia Power Company's ("Georgia Power") current
fuel cost recovery rate, see Note 3 to the financial statements of Georgia Power
under "Fuel Cost Recovery" in Item 8 of the Annual Report on Form 10-K for the
year ended December 31, 2003. Also see MANAGEMENT'S DISCUSSION AND ANALYSIS -
FUTURE EARNINGS POTENTIAL - "FERC and State PSC Matters - Retail Fuel Cost
Recovery" and - "FERC and Georgia PSC Matters - Retail Fuel Cost Recovery,"
respectively, in The Southern Company's and Georgia Power's Quarterly Reports on
Form 10-Q for the quarter ended September 30, 2004 for information on actual
recent fuel costs.
On February 18, 2005, Georgia Power will file a request with the
Georgia Public Service Commission ("PSC") for a fuel cost recovery rate
increase. In the ordinary course, these new rates will be effective June 1, 2005
following a hearing before and approval by the Georgia PSC. In its filing,
Georgia Power will ask that the Georgia PSC accept the new rate, effective April
1, 2005, prior to a formal hearing on Georgia Power's request. This action, if
taken by the Georgia PSC, would serve to mitigate expected increases in the
under recovered balance during April and May, but will not preclude the Georgia
PSC from subsequently adjusting the rates. The requested increase, representing
an annual increase in revenues of approximately 11.7%, will allow for the
recovery of fuel costs based on an estimate of future fuel costs, as well as the
collection of the existing under recovery of fuel costs. Georgia Power's under
recovered fuel costs as of January 31, 2005 totaled $390 million. A final
decision from the Georgia PSC is expected in May 2005. The final outcome of the
filing cannot be determined at this time.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, each of the registrants has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: February 16, 2005 THE SOUTHERN COMPANY
By /s/W. Dean Hudson
W. Dean Hudson
Comptroller
GEORGIA POWER COMPANY
By /s/Wayne Boston
Wayne Boston
Assistant Secretary