SOUTHERN CO
| 2013 | FY |
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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