ATLANTA – Georgia Power announced today the planned redemption on November 25, 2003 of all $200 million aggregate liquidation amount of the Series B 6.60% Senior Notes due December 31, 2038. Such redemption is conditioned upon the issuance and sale of $200 million aggregate principal amount Georgia Power Company Series R 6% Senior Notes due October 15, 2033, which issuance is scheduled to occur on October 23, 2003.

The redemption price for the full redemption of the Series B 6.60% Senior Notes due December 31, 2038 will be 100% of the principal amount thereof ($25 per Senior Note), plus accrued interest to the date of redemption.

It is expected that JPMorgan Chase Bank, as Property Trustee, will notify each registered holder by first class mail on or about October 23, 2003. JPMorgan Chase Bank is located at 4 New York Plaza, New York, New York 10005.