Georgia Power plans to redeem preferreds, preference stock on Oct. 24

By Sarah Lizee

Olympia, Wash., Sept. 21 – Georgia Power Co. issued a notice of redemption for its 6.125% class A noncumulative preferred stock and its 6.5% series 2007A noncumulative preference stock, according to a press release.

The preferred and preference stock will be redeemed on Oct. 24.

The preferred stock will be redeemed at $25 per share plus accrued dividends of $0.098783 per share up to but excluding the redemption date. The preference stock will be redeemed at $100 per share plus accrued dividends of $0.0415278 per share up to but excluding the redemption date.

Georgia Power is an Atlanta-based electric utility and a subsidiary of Southern Co.

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