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 8, 2001
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SAVANNAH ELECTRIC AND POWER COMPANY
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(Exact name of registrant as specified in its charter)
Georgia 1-5072 58-0418070
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
600 East Bay Street, Savannah, Georgia 31401
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (912) 232-7171
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N/A
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(Former name or former address, if changed since last report.)
Item 5. Other Events.
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On May 8, 2001, Savannah Electric and 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 5.12%
Senior Notes due May 15, 2003 and $45,000,000 aggregate principal amount of its
Series C 6.55% Senior Notes due May 15, 2008. Said Notes were registered under
the Securities Act of 1933, as amended, pursuant to the shelf registration
statement (Registration Statement Nos. 333-57886 and 333-57886-01) of the
Company.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits.
1 Underwriting Agreement, dated May 8, 2001, among the
Company and ABN AMRO Incorporated and SunTrust Equitable
Securities Corporation, as the Underwriters.
4.2(a) Second Supplemental Indenture to Senior Note
Indenture dated as of May 17, 2001, providing for
the issuance of the Company's Series B 5.12%
Senior Notes due May 15, 2003.
4.2(b) Third Supplemental Indenture to Senior Note
Indenture dated as of May 17, 2001, providing for
the issuance of the Company's Series C 6.55%
Senior Notes due May 15, 2008.
4.7(a) Form of Series B 5.12% Senior Note due May 15, 2003
(included in Exhibit 4.2(a) above).
4.7(b) Form of Series C 6.55% Senior Note due May 15, 2008
(included in Exhibit 4.2(b) above).
12.1 Computation of ratio of earnings to fixed charges.
2
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 hereunto duly authorized.
Date: May 17, 2001 SAVANNAH ELECTRIC AND POWER COMPANY
By /s/ Wayne Boston
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Wayne Boston
Assistant Secretary