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Fitch Rates New Georgia Power Senior Notes 'A+'

Business Wire, April 14, 2005

NEW YORK -- Fitch Ratings has assigned an 'A+' rating to the $125,000,000 of 5.80% senior notes issued by the Georgia Power Company. The senior notes are unsecured and rank equally with existing unsecured debt of Georgia Power Company. The Rating Outlook is Stable.

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The proceeds from the sale of the series Y senior notes will be applied by the company to repay a portion of its outstanding commercial paper, $50 million of which will be used to redeem $50 million series P senior notes on April 15. The remainder will be used for general corporate purposes, including funding the utility's construction program.

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COPYRIGHT 2008 Gale, Cengage Learning

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