SOUTHERN CO | 2013 | FY | 3


The fair value is considered a Level 2 disclosure for financial reporting purposes. Accordingly, Plant Daniel Units 3 and 4 were reflected in the Company's financial statements as follows:
 
(in thousands)

Assumption of debt obligations
$
270,000

Fair value adjustment at date of purchase
76,051

Total debt
346,051

Cash payment for the purchase
84,803

Total value of Plant Daniel Units 3 and 4
$
430,854


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