0000041091-01-500032.txt : 20011018
0000041091-01-500032.hdr.sgml : 20011018
ACCESSION NUMBER: 0000041091-01-500032
CONFORMED SUBMISSION TYPE: U-6B-2
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011009
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: GEORGIA POWER CO
CENTRAL INDEX KEY: 0000041091
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 580257110
STATE OF INCORPORATION: GA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: U-6B-2
SEC ACT: 1935 Act
SEC FILE NUMBER: 040-00076
FILM NUMBER: 1755516
BUSINESS ADDRESS:
STREET 1: 241 RALPH MCGILL BOULEVARD
CITY: ATLANTA
STATE: GA
ZIP: 30308
BUSINESS PHONE: 4045066526
U-6B-2
1
gau6pcb_burkemonroe1001.txt
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed by
GEORGIA POWER COMPANY
(the "Company")
This certificate is notice that the above named company has issued,
renewed or guaranteed the security or securities described herein which issue,
renewal or guaranty was exempted from the provisions of Section 6(a) of the Act
and was neither the subject of a declaration or application on Form U-1 nor
included within the exemption provided by Rule U-48.
Item 1. Type of security or securities.
In connection with the issuance and sale by the Development
Authority of Burke County (the "Burke Authority") of $133,535,000
Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle
Project), First Series 2001 (the "Burke Revenue Bonds") and the
Development Authority of Monroe County (the "Monroe Authority") of
$83,515,000 Pollution Control Revenue Bonds (Georgia Power Company
Plant Scherer Project), Third Series 2001 (the "Monroe Revenue
Bonds" and, together with the Burke Revenue Bonds, the "Revenue
Bonds"), the Company issued the following:
(a) promissory note dated October 3, 2001 in the principal
amount of $133,535,000 (the "Burke Note"), evidencing the
obligation of the Company to repay the Burke Authority's
loan (the "Burke Loan") to it of the proceeds of the Burke
Revenue Bonds, and
(b) promissory note dated October 3, 2001 in the principal
amount of $83,515,000 (the "Monroe Note"), evidencing the
obligation of the Company to repay the Monroe Authority's
loan (the "Monroe Loan") to it of the proceeds of the Monroe
Revenue Bonds.
Item 2. Issue, renewal or guaranty.
Issue.
Item 3. Principal amount of each security.
See Item 1 hereinabove.
Item 4. Rate of interest per annum of each security.
Each of the Notes will bear interest at the rate or rates of
interest borne by the corresponding series of Revenue Bonds.
Initially, the Burke Revenue Bonds will bear interest from the date
of their original issuance and delivery at a Commercial Paper Rate
for a Commercial Paper Period ending January 2, 2002. Thereafter,
the interest determination method on the Burke Revenue Bonds will
be adjusted and the Bonds will bear interest at a Long-Term
Interest Rate of 4.45% per annum ending November 30, 2008.
Initially, the Monroe Revenue Bonds will bear interest from the
date of their original issuance and delivery at a Commercial Paper
Rate for a Commercial Paper Period ending January 2, 2002.
Thereafter, the interest determination method on the Monroe Revenue
Bonds will be adjusted and the Bonds will bear interest at a
Long-Term Interest Rate of 4.20% per annum ending November 30,
2008.
After December 1, 2008, the Company may from time to time change
the method of determining the interest rate on any series of the
Revenue Bonds to a Daily, Weekly, Commercial Paper or Long-Term
Interest Rate.
Item 5. Date of issue, renewal or guaranty of each security.
October 3, 2001.
Item 6. If renewal of security, give date of original issue.
Not Applicable.
Item 7. Date of maturity of each security.
The Burke Note - January 1, 2032, subject to prepayment
or prior redemption.
The Monroe Note - January 1, 2012, subject to prepayment
or prior redemption.
Item 8. Name of person to whom each security was issued, renewed or
guaranteed.
The Notes were issued in favor of the respective Authorities and
assigned by each of them to The Bank of New York, as trustee (the
"Revenue Bond Trustee") for the benefit of the holders of the
respective series of Revenue Bonds.
Item 9. Collateral given with each security, if any.
None.
Item 10. Consideration received for each security.
The Company issued the Notes in consideration of the Loans
aggregating $217,050,000 (the "Loans' Proceeds").
Item 11. Application of proceeds of each security.
The Loans' Proceeds have been deposited with the Revenue Bond
Trustee and will be applied to the refunding redemptions of
$60,000,000 outstanding 5 3/4% Development Authority of Burke
County Pollution Control Revenue Bonds (Georgia Power Company Plant
Vogtle Project), First Series 1993; $73,535,000 outstanding 6.10%
Development Authority of Burke County Pollution Control Revenue
Bonds (Georgia Power Company Plant Vogtle Project), First Series
1995; $11,935,000 outstanding 5 3/4% Development Authority of
Monroe County Pollution Control Revenue Bonds (Georgia Power
Company Plant Scherer Project), First Series 1993; and $71,580,000
outstanding 6% Development Authority of Monroe County Pollution
Control Revenue Bonds (Georgia Power Company Plant Scherer
Project), Third Series 1995.
Item 12. Indicate by a check after the applicable statement below
whether the issue, renewal or guaranty of each security was exempt
from the provisions of Section 6(a) because of:
a. the provisions contained in the first sentence of
Section 6(b)___
b. the provisions contained in the fourth sentence of
Section 6(b)___
c. the provisions contained in any rule of the
Commission other than Rule U-48_X_
Item 13. Not Applicable.
Item 14. Not Applicable.
Item 15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than Rule
U-48, designate the rule under which exemption is claimed.
Rule 52.
Date: October 9, 2001 GEORGIA POWER COMPANY
By: /s/Wayne Boston
Wayne Boston
Assistant Secretary