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Southern Energy Taking New Atlanta Office Space

March 29, 1999
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Southern Energy Taking New Atlanta Office Space

Seeking to accommodate growth, Southern Energy Inc. will move to a new Atlanta office, with the Southern Company Energy Marketing unit relocating by December and the headquarters going a year later.

Southern Company Energy Marketing, the trading and marketing arm jointly owned with Vastar Resources Inc., will place its trading operations on a state-of-the-art, 40,000-square-foot trading floor, scheduled for completion Dec. 1. The marketing company will have the option to add another 66,000 square feet if needed. The move will involve more than 500 employees, some of whom will go to the new trading floor in December.

Southern Energy's 370 headquarters employees, working in North American and international business units and corporate functions, will occupy 168,000 square feet (the lobby floor and six other floors) of an adjacent 12-story tower in late 2000. Remaining Southern Company Energy Marketing employees also will move into the tower at that time.

"This new complex will give Southern Energy the room it needs as it continues to grow at a dramatic pace," said Tom Boren, Southern Energy CEO. "Our space needs became particularly evident in the past year as we expanded in North America, where we've pursued a strategy of acquiring new assets in key markets and integrating those assets with our energy trading and marketing business."

The relocation also will play a key role in the growth of Southern Company Energy Marketing, which recently consolidated its Houston and Atlanta trading offices in Atlanta, said CEO Marce Fuller. "We'll have one of the largest energy trading floors in the nation, and we'll also have the latest energy trading technology."

The complex will be located at 1155 Perimeter Center West. Construction has begun on the first phase of the project, which includes the energy trading center and an eight-story parking garage.

Joe Fisher, Houston

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