19 03 2016

Georgia Power Company's $650 million Senior Notes Offering

Hunton & Williams LLP advised Merrill Lynch, Pierce Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc., as representatives of the underwriters on an SEC-registered offering by Georgia Power Company of $325 million aggregate principal amount of its Series 2016A 3.250% Senior Notes due 2026 and $325 million aggregate principal amount of its Series 2016B 2.400% Senior Notes due 2021.


The Series 2016A Senior Notes are Green Bonds. An amount equal to the net proceeds of the Series 2016A Senior Notes will be allocated to renewable energy generation projects, including financing of, or investments in, solar power generation facilities located in the state of Georgia or elsewhere in the United States, electric vehicle charging infrastructure located in the United States, or payments under Power Purchase Agreements served by solar power or wind power generation facilities. Georgia Power is a wholly owned subsidiary of The Southern Company. Georgia Power is engaged in the generation and purchase of electricity and the transmission, distribution and sale of such electricity within the State of Georgia at retail in over 600 communities (including Athens, Atlanta, Augusta, Columbus, Macon, Rome and Savannah), as well as in rural areas, and at wholesale currently to Oglethorpe Power Company, the Municipal Electric Authority of Georgia, Dalton Utilities, various electric membership corporations and non-affiliated utilities. The Hunton & Williams team included Bud Ellis (Picture), Steven Friend and Patrick Jamieson. Cary Tolley and Anna Page provided tax advice Involved fees earner: Bud Ellis - Hunton & Williams LLP; Steven Friend - Hunton & Williams LLP; Patrick Jamieson - Hunton & Williams LLP; Cary Tolley - Hunton & Williams LLP; Anna Knecht Page - Hunton & Williams LLP;

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