ATLANTA - April 27, 2007 - Georgia Power announced today the planned redemption on June 21, 2007 of all $440 million aggregate liquidation amount of the Georgia Power Capital Trust V 7-1/8% Trust Preferred Securities.  

The redemption price for the Georgia Power Capital Trust V 7-1/8% Trust Preferred Securities will be $25 per Trust Preferred Security plus accrued and unpaid distributions thereon to the date of redemption.  

It is expected that The Bank of New York, as Property Trustee, will notify each registered holder by first class mail on or about April 27, 2007.  The Bank of New York is located at 101 Barclay Street, 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.