ATLANTA, April 27 /PRNewswire/ -- Georgia Power announced today the
planned redemption on June 21, 2007 of all $440 million aggregate
liquidation amount of the Georgia Power Capital Trust V 7-1/8% Trust
Preferred Securities.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/CLW066LOGO)
The redemption price for the Georgia Power Capital Trust V 7-1/8% 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 April 27,
2007. 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 2.3 million customers in all but four of
Georgia's 159 counties.
SOURCE Georgia Power
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Related links:
http://www.georgiapower.com/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/CLW066LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
John Sell, +1-404-506-3005, +1-800-282-1696,
corpcomm@georgiapower.com, or Kay Wann, +1-404-506-4278
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