New Issue: Georgia Power issues $250 million in 6% senior insured monthly notes due 2040

By Andrea Heisinger

Omaha, Aug. 24 - Georgia Power Company issued $250 million in 6% senior insured monthly notes (Aaa/AAA) due Sept. 1, 2040.

The underwriter on the deal was Edward D. Jones & Co., LP.

The notes have an estate feature beginning Sept. 1, 2012, with an annual limit of $5 million.

Issuer:	Georgia Power Company
Issue:	Series 2007E senior insured monthly notes
Amount:	$250 million
Maturity:	Sept. 1, 2040
Underwriter:	Edward D. Jones & Co., LP
Coupon:	6%
Estate feature:	Begins Sept. 1, 2012, annual limit of $5 million
Trade date:	Aug. 23
Settlement date:	Aug. 30
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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