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) July 28, 1997
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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 (850) 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 July 28, 1997, Gulf Power Company (the "Company") entered
into an Underwriting Agreement covering the issue and sale by the Company of
$20,000,000 aggregate principal amount of its Series B 7.50% Junior Subordinated
Notes due June 30, 2037. Said Notes were registered under the Securities Act of
1933, as amended, pursuant to the shelf registration statement (Registration
Statement Nos. 333-19271, 333-19271-01 and 333-19271-02) of the Company. Item 7.
Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
1 Underwriting Agreement, dated July 28, 1997, between
the Company and The Robinson-Humphrey Company, Inc.
4.2 Second Supplemental Indenture dated as of August 1,
1997, providing for the issuance of the Company's
Series B 7.50% Junior Subordinated Notes due June 30,
2037.
4.7 Form of Series B 7.50% Junior Subordinated Note
(included in Exhibit 4.2 above).
12.1 Computation of ratio of earnings to fixed charges.
12.2 Computation of ratio of earnings to fixed charges plus
preferred dividend requirements (pre-income tax basis).
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: July 31, 1997 GULF POWER COMPANY
By /s/Wayne Boston
Wayne Boston
Assistant Secretary