Fitch rates Georgia Power preferreds A

Fitch Ratings said it assigned an A rating to Georgia Power Co.'s new issue of 2,250,000 shares of 6½% series 2007A perpetual preference stock. Dividends on the preferreds are not cumulative.

The outlook is stable.

Proceeds will be used to partially fund the redemption of the company's $300 million series F junior subordinated notes due 2042 in November and the related flexible trust preferred securities of Georgia Power Capital Trust VI.

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