Southern Energy Inc. (SEI), one of Southern Co.’s mainsubsidiaries, named S. Marce Fuller its new CEO Tuesday. Under theleadership of the former CEO, Tom Boren, SEI reported $69 millionin second-quarter 1999 earnings, compared with $25 million for thesame period last year. Now it is up to Fuller to continue hissuccess.

“[Boren] brought Southern Energy along from its infancy to whereit is today, one of the world’s largest independent power producerswith assets of nearly $14 billion. With Tom’s aggressive guidance,he helped make Southern Company an international energy company,”said Bill Dahlberg, Southern Co. CEO.

Boren announced he was resigning last week in order to pursueother opportunities.

Fuller, 39, has been serving as executive vice president ofSouthern Energy and president and CEO of affiliate Southern CompanyEnergy Marketing. In her new role, Fuller will direct SouthernEnergy’s worldwide operations, which include electric powerproduction, delivery or trading facilities in the United States andabroad.

Overall, Southern Co. earned $314 million or 45 cents/share inthe second quarter of 1999, compared with $270 million or 39cents/share for the comparable period a year earlier. Dahlberg saidSEI was the main cog in the parent company’s success.

“Our strategy has been to expand our growth in the competitiveenergy supply business, and Southern Energy continues to help us dothat successfully and profitably,” Dahlberg said.

After adjusting for interest on inter-company debt, SouthernEnergy reported $77 million in earnings, compared with $35 millionfor the second quarter of 1998.

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