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Georgia Power Announces Planned Redemption of Series O 5.90% Senior Notes and Series R 6% Senior Notes
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. 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. SOURCE Georgia Power |