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Georgia Power Company Series 2008 C 8.20% Senior Note Due November 1, 2048

Georgia Power Company Series 2008 C 8.20% Senior Note Due November 1, 2048 (GAT)

26.03
0.00
( 0.00% )
Updated: 20:00:00

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GAT Discussion

View Posts
johnsyn johnsyn 13 years ago
Vogtle Unit 1 Automatically Shuts Down, Safety Systems Respond as Designed
Aug 31, 2011

BIRMINGHAM, Ala. -- At 9:06 a.m. ET, while plant workers were performing equipment maintenance, Plant Vogtle Unit 1 automatically shut down.

All Plant Vogtle safety systems operated as designed and expected. The unit is safe and stable, and plant personnel are investigating the cause of the shut down. There was no risk to the public.

Unit 2 currently is at 97 percent power in preparation for a routine, scheduled refueling outage.

About Southern Nuclear:

Southern Nuclear, a subsidiary of Southern Company, operates the Edwin I. Hatch Nuclear Plant near Baxley, Ga., the Joseph M. Farley Nuclear Plant near Dothan, Ala. and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga.

About Southern Company:

With 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company was named the World's Most Admired Electric and Gas Utility by Fortune magazine in 2011, and is consistently listed among the top U.S. electric service providers in customer satisfaction by the American Customer Satisfaction Index. Visit our website at www.southerncompany.com.

For further information: Amoi S. Geter, +1-205-992-5395


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johnsyn johnsyn 13 years ago
Georgia PSC Approves Vogtle Construction Costs
Aug 16, 2011

ATLANTA -- The Georgia Public Service Commission, in a 5-0 vote, approved Georgia Power's spending on Vogtle units 3 & 4 for the period including July 1, 2010, through Dec. 31, 2010.

The construction of Vogtle units 3 and 4 is monitored by the Georgia Public Service Commission via monthly filings and construction monitoring reports filed every six months. Moreover, additional tools are in place to help protect customers, including $1 billion in savings from U.S. Department of Energy loan guarantees, production tax credits and CWIP (Construction Work in Progress).

Georgia Power, a subsidiary of Southern Company (NYSE: SO), is preparing the Vogtle site in order to begin full scale construction of the first new nuclear power plants in the U.S. in more than 25 years upon receipt of a Combined Construction and Operating License (COL) from the Nuclear Regulatory Commission (NRC).

The project is moving forward toward issuance of the Vogtle COL. The company expects to receive the Vogtle COL around the end of 2011 with Unit 3 becoming operational in 2016 and Unit 4 in 2017.

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 2.4 million customers in all but four of Georgia's 159 counties.


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johnsyn johnsyn 13 years ago
Georgia Power Announces Planned Redemption of Georgia Power Capital Trust VII 5-7/8% Trust Preferred Securities
Aug 23, 2011

ATLANTA -- Georgia Power announced today the planned redemption on Sept. 23, 2011 of all $200 million aggregate liquidation amount of the Georgia Power Capital Trust VII 5-7/8% Trust Preferred Securities (NYSE Symbol: GPEPRX).

The redemption price for the Georgia Power Capital Trust VII 5-7/8% Trust Preferred Securities will be $25 per Trust Preferred Security plus accrued and unpaid distributions thereon to the date of redemption.

It is expected that The Bank of New York, as Property Trustee, will notify each registered holder by first class mail on or about Aug. 23, 2011. The Bank of New York is located at 101 Barclay Street, 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 2.4 million customers in all but four of Georgia's 159 counties.

For further information: Georgia Power Media Relations, +1-404-506-7676 or 1-800-282-1696


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johnsyn johnsyn 13 years ago
Carla Pasternak 9Street Autority) highlights GAT in her "Best Utilities You Can Buy Now"
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