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Fitch rates Georgia Power notes A+
Fitch Ratings said it assigned a rating of A+ to the 5.4% notes issued by Georgia Power Co. due June 1, 2018.
The outlook is stable.
Proceeds will be used to repay a portion of short-term notes.
Ratings reflect the continued strong plant operating performance, growing service territory economy and a strong, stable financial condition, the agency said.
Concerns are the lack of a permanent environmental cost-adjustment mechanism in the face of rising emissions compliance-related spending and carbon uncertainty, as well as escalating costs for fuel, operations and maintenance, Fitch said.
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