ATLANTA, Oct. 1, 2013 /PRNewswire/ -- Georgia Power announced today the planned redemption on November 1, 2013 of all $100 million aggregate principal amount of its Series 2008C 8.20% Senior Notes due November 1, 2048.
The redemption price for the full redemption of the Series 2008C 8.20% Senior Notes due November 1, 2048 (NYSE Symbol: GAT) will be 100% of the principal amount thereof ($25 per senior note), plus accrued and unpaid interest to the date of redemption.
It is expected that The Bank of New York Mellon, as Trustee, will notify each registered holder by first class mail on or about October 1, 2013. The Bank of New York Mellon is located at 101 Barclay Street, 1st Floor East, New York, New York 10286.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power