Seeking to accommodate growth, Southern Energy Inc. will move toa new Atlanta office, with the Southern Company Energy Marketingunit relocating by December and the headquarters going a yearlater.

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

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

“This new complex will give Southern Energy the room it needs asit continues to grow at a dramatic pace,” said Tom Boren, SouthernEnergy CEO. “Our space needs became particularly evident in thepast year as we expanded in North America, where we’ve pursued astrategy of acquiring new assets in key markets and integratingthose assets with our energy trading and marketing business.”

The relocation also will play a key role in the growth ofSouthern Company Energy Marketing, which recently consolidated itsHouston and Atlanta trading offices in Atlanta, said CEO MarceFuller. “We’ll have one of the largest energy trading floors in thenation, 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, whichincludes the energy trading center and an eight-story parkinggarage.

Joe Fisher, Houston

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