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) November 6, 1996
GULF POWER COMPANY
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(Exact name of registrant as specified in its charter)
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Maine 0-2429 59-0276810
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(State or other jurisdiction (Commission File (IRS Employer Identification
of incorporation) Number) No.)
500 Bayfront Parkway, Pensacola, Florida 32501
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (904) 444-6111
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N/A
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(Former name or former address, if changed since last report.)
Item 5. Other Events.
On November 6, 1996, Gulf Power Company (the "Company") entered
into a Purchase Contract covering the issue and sale of $25,000,000 aggregate
principal amount of First Mortgage Bonds, 6 1/2% Series due November 1, 2006.
Said First Mortgage Bonds were registered under the Securities Act of 1933, as
amended, pursuant to the Company's shelf registration statement (Registration
Statement No. 33-50165).
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
1 Form of Proposal for Purchase of First Mortgage Bonds, dated
November 6, 1996, between the Company and the Purchaser
named therein, with Purchase Contract attached thereto.
4 Supplemental Indenture, dated as of November 1, 1996, between
the Company and The Chase Manhattan Bank, as Trustee.
12 Computation of ratio of earnings to fixed charges.
23 (a) Consent of Beggs & Lane.
23 (b) Consent of Arthur Andersen LLP.
26 (a) Notice of Invitation for Proposals.
26 (b) Terms and Conditions Relating to Proposals.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Date: November 19, 1996 GULF POWER COMPANY
By /s/ Wayne Boston
Wayne Boston
Assistant Secretary