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Article: Savannah Electric to merge into Southern Company System.
- Article from:
- PR Newswire
- Article date:
- November 2, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAVANNAH ELECTRIC TO MERGE INTO SOUTHERN COMPANY SYSTEM
ATLANTA, Nov. 2 /PRNewswire/ -- The boards of directors of The Southern Company (NYSE: SO) and Savannah Electric and Power Company (NYSE: SAV) today announced an agreement to merge Savannah Electric into the Southern electric system.
When the merger is finalized, Savannah Electric will join Alabama Power, Georgia Power, Gulf Power, and Mississippi Power as an independent operating subsidiary of The Southern Company. Savannah Electric will continue to be headquartered in Savannah and that company's current management will retain responsibility for operating the utility.
The merger is ...