ATLANTA, June 15, 2012 /PRNewswire/ -- Georgia Power announced today the planned redemption on July 16, 2012 of all $300 million aggregate principal amount of its Series 2007D 6.375% Senior Notes due July 15, 2047.
The redemption price for the full redemption of the Series 2007D 6.375% Senior Notes due July 15, 2047 (NYSE Symbol: GAR) 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 June 15, 2012. 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 below the national average. Georgia Power serves 2.4 million customers in all but four of Georgia's 159 counties.
SOURCE Georgia Power