UNITED
STATES
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) August 12,
2010
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Commission
File
Number
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Registrant,
State of Incorporation,
Address and Telephone Number
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I.R.S.
Employer
Identification
No.
|
|
1-3526
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The
Southern Company
(A
Delaware Corporation)
30
Ivan Allen Jr. Blvd., N.W.
Atlanta,
Georgia 30308
(404)
506-5000
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58-0690070
|
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1-6468
|
Georgia
Power Company
(A
Georgia Corporation)
241
Ralph McGill Boulevard, N.E.
Atlanta,
Georgia 30308
(404)
506-6526
|
58-0257110
|
|
0-2429
|
Gulf
Power Company
(A
Florida Corporation)
One
Energy Place
Pensacola,
Florida 32520
(850)
444-6111
|
59-0276810
|
|
001-11229
|
Mississippi
Power Company
(A
Mississippi Corporation)
2992
West Beach
Gulfport,
Mississippi 39501
(228)
864-1211
|
64-0205820
|
The names
and addresses of the registrants have not changed since the last
report.
This
combined Form 8-K is filed separately by four registrants: The Southern Company,
Georgia Power Company, Gulf Power Company and Mississippi 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
registrants.
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:
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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|
[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01. Other
Events.
See MANAGEMENT’S DISCUSSION AND
ANALYSIS – FINANCIAL CONDITION AND LIQUIDITY – “Credit Rating Risk” of each of
The Southern Company (“Southern Company”), Georgia Power Company (“Georgia
Power”), Gulf Power Company (“Gulf Power”) and Mississippi Power Company
(“Mississippi Power”) in their respective Quarterly Report on Form 10-Q for the
quarter ended June 30, 2010 for information regarding the review by Moody’s
Investors Service (“Moody’s”) of the securities ratings of Southern Company,
Georgia Power, Gulf Power and Mississippi Power for a possible
downgrade.
On August 12, 2010, Moody’s announced
that it had downgraded the issuer and long-term debt ratings of Southern Company
(senior unsecured to Baa1 from A3), Georgia Power (senior unsecured to A3 from
A2), Gulf Power (senior unsecured to A3 from A2) and Mississippi Power (senior
unsecured to A2 from A1). Moody’s also announced that it had
downgraded the short-term ratings of Southern Company and a financing subsidiary
of Southern Company that issues commercial paper for the benefit of Southern
Company subsidiaries (including Georgia Power, Gulf Power and Mississippi Power)
to P-2 from P-1. In addition, Moody’s announced that it had
downgraded the variable rate demand obligation ratings of Georgia Power, Gulf
Power and Mississippi Power to VMIG-2 from VMIG-1 and the preferred stock
ratings of Georgia Power (to Baa2 from Baa1), Gulf Power (to Baa2 from Baa1) and
Mississippi Power (to Baa1 from A3). Moody’s also downgraded the
trust preferred securities rating of Georgia Power to Baa1 from A3.
Moody’s announced that the ratings
outlook for Southern Company, Georgia Power, Gulf Power and Mississippi Power is
stable.
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SIGNATURE
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.
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Date: August
13, 2010
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THE
SOUTHERN COMPANY
GEORGIA
POWER COMPANY
GULF
POWER COMPANY
MISSISSIPPI
POWER COMPANY
By /s/Melissa
K.
Caen
Melissa K. Caen
Assistant Secretary
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