Exhibit 23






                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS





      As independent public accountants, we hereby consent to the incorporation
of our report dated February 15, 1995 on the financial statements of Gulf Power
Company, included in this Form 8-K, into Gulf Power Company's previously filed
Registration Statement File No. 33-50165.



/s/  Arthur Andersen LLP

Atlanta, Georgia
March 1, 1995