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) May 17, 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.
See Item 7 - MANAGEMENT'S DISCUSSION AND ANALYSIS - FUTURE EARNINGS
POTENTIAL - "FERC and Georgia PSC Matters - Retail Fuel Cost Recovery" of
Georgia Power Company ("Georgia Power") and - "FERC and State PSC Matters -
Retail Fuel Cost Recovery" of The Southern Company ("Southern Company") and Note
3 to the financial statements of Georgia Power and Southern Company under "Fuel
Cost Recovery" and "Georgia Power Retail Rate Activity," respectively, in Item 8
of the Annual Report on Form 10-K for the year ended December 31, 2004. 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" of Southern Company and Georgia Power,
respectively, and Note (I) to the Condensed Financial Statements in the
Quarterly Report on Form 10-Q for the quarter ended March 31, 2005 for
information on Georgia Power's existing fuel cost recovery rate order and its
fuel cost recovery rate increase request filed with the Georgia Public Service
Commission ("GPSC") in February 2005.
On May 17, 2005, the GPSC voted to allow Georgia Power to increase
customer fuel rates to recover estimated under-recovered fuel costs of
approximately $508 million as of May 31, 2005 over the period from June 1, 2005
through May 31, 2009, as well as future projected fuel costs based on a June
2005 through May 2006 test period. The new fuel rate will become effective June
1, 2005 and represents an average annual increase in revenues of approximately
9.5%, or approximately $473 million.
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: May 17, 2005 THE SOUTHERN COMPANY
By /s/W. Dean Hudson
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W. Dean Hudson
Comptroller
GEORGIA POWER COMPANY
By /s/Wayne Boston
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Wayne Boston
Assistant Secretary