Coned

Southern Energy Inc., a unit of Southern Co., will buy 1,776 MWof gas, oil, coal and hydropower generation from Orange andRockland Utilities Inc. and Consolidated Edison Inc. in New YorkState for about $480 million. Southern also plans to spend $390million to upgrade the plants and build up to 710 MW of newgas-fired generation. Southern Energy affiliate Southern CompanyEnergy Marketing will market output from the plants.