SEI now controls SWEB

Southern Electric International announced today that its revised offer to acquire South Western Electricity plc has been declared wholly unconditional in all respects. As a result of an unconditional bid, Southern Electric International now controls South Western.

Southern Electric International is in receipt of shares or acceptances for South Western totaling 84 percent of the company’s issued share capital.

South Western, based in Bristol, England, is the electric distribution company serving 1.3 million customers in the counties of Avon, Somerset, Devon, and Cornwall.

Southern Electric International, a unit of The Southern Company of Atlanta, Ga., develops, builds, owns, and operates power production and delivery facilities and provides a broad range of technical services in the U.S. and international markets.

The Southern Company (NYSE: SO) is also the parent firm of five electric utilities: Alabama Power, Georgia Power, Gulf Power, Mississippi Power, and Savannah Electric. Other subsidiaries include Southern Nuclear, Southern Development and Investment Group, and Southern Company Services. Together, these companies make up one of the largest electric utility groups in the United States.