-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LleqChalTl53yMq04TTdYc1GaZmHbHIcvs3AIuPIhv3cHY1jP4HSmgzsEVOEUMud U5xuCw6TD/c3lhKLu9x/hg== 0000092122-07-000083.txt : 20071003 0000092122-07-000083.hdr.sgml : 20071003 20071003171846 ACCESSION NUMBER: 0000092122-07-000083 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071003 DATE AS OF CHANGE: 20071003 SUBJECT COMPANY: 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: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-140954 FILM NUMBER: 071154553 BUSINESS ADDRESS: STREET 1: 241 RALPH MCGILL BOULEVARD CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 4045066526 MAIL ADDRESS: STREET 1: 241 RALPH MCGILL BOULEVARD CITY: ATLANTA STATE: GA ZIP: 30308 FILED BY: 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: FWP BUSINESS ADDRESS: STREET 1: 241 RALPH MCGILL BOULEVARD CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 4045066526 MAIL ADDRESS: STREET 1: 241 RALPH MCGILL BOULEVARD CITY: ATLANTA STATE: GA ZIP: 30308 FWP 1 ga2007apreffwp.htm

Filed Pursuant to Rule 433

Registration No. 333-140954

October 3, 2007

 

PRICING TERM SHEET

 

(To Preliminary Prospectus Supplement dated October 3, 2007)

 

Issuer:

Georgia Power Company

Security:

6.50% Series 2007A Preference Stock, Non-Cumulative, Par Value $100 Per Share

Expected Ratings*:

Baa1/BBB+/A (Moody’s/Standard & Poor’s/Fitch)

Size:

2,250,000 shares of Preference Stock

Par Value:

$100.00 per share

Public Offering Price:

$100.00 per share

Dividend Rate:

6.50% per annum

Dividend Payment Dates when, as and if declared:

January 1, April 1, July 1 and October 1

Optional Redemption:

Callable in whole or in part, from time to time:

•      prior to October 1, 2017, at the greater of (1) $100.00 per share to be redeemed or (2) the sum of the present values of the liquidation amount and the remaining scheduled dividend payments on the shares to be redeemed (excluding any accrued and unpaid dividends) to October 1, 2017, discounted to the redemption date on a quarterly basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the treasury yield plus 25 basis points; or

•      on or after October 1, 2017, at $100.00 per share,

plus, in each case, accrued and unpaid dividends for the current quarterly dividend period.

Proceeds to the Issuer:

$221,062,500

Transaction Date:

October 3, 2007

Expected Settlement Date:

October 11, 2007 (T+5)

CUSIP:

373334 119

Joint Book-Running and

Lead Managers:

Citigroup Global Markets Inc.

Lehman Brothers Inc.

 

Co-Managers:

Cabrera Capital Markets, LLC

CastleOak Securities, L.P.

Loop Capital Markets, LLC

Toussaint Capital Partners, LLC

The Williams Capital Group, L.P.

 

 

 

 

 

 

 

* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Georgia Power Company collect at 1-404-506-0759, Citigroup Global Markets Inc. toll free at 1-877-858-5407 or Lehman Brothers Inc. toll-free at 1-888-603-5847.

 

 

 

NY1 1133377v1

 

 

 

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