ATLANTA, May 25 /PRNewswire-FirstCall/ -- Georgia Power
today announced the planned redemption June
24, 2010 of all $150 million
aggregate principal amount of its Series O 5.90% Senior Notes due
April 15, 2033 and all $200 million aggregate principal amount of its
Series R 6% Senior Notes due October 15,
2033.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20050216/CLW066LOGO)
The redemption price for the full redemption of the Series O
5.90% Senior Notes due April 15, 2033
(NYSE: GPD) and the Series R 6% Senior Notes due October 15, 2033 (NYSE: GPJ) will be 100% of the
principal amount thereof ($25 per
senior note), plus accrued and unpaid interest to the date of
redemption.
As trustee, The Bank of New York Mellon is expected to notify
each registered holder by first class mail on or about May 25, 2010. The Bank of New York Mellon
is located at 101 Barclay Street, 1st Floor
East, New York, New York
10286.
Georgia Power is the largest subsidiary of Southern Company, one
of the nation's largest generators of electricity. The
company is an investor-owned, tax-paying utility with rates well
below the national average. Georgia Power serves 2.3 million
customers in all but four of Georgia's 159 counties.
www.georgiapower.com
SOURCE Georgia Power