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Georgia Power Announces Planned Redemption of Georgia Power

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johnsyn   Thursday, 09/01/11 03:06:58 PM
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Georgia Power Announces Planned Redemption of Georgia Power Capital Trust VII 5-7/8% Trust Preferred Securities
Aug 23, 2011

ATLANTA -- Georgia Power announced today the planned redemption on Sept. 23, 2011 of all $200 million aggregate liquidation amount of the Georgia Power Capital Trust VII 5-7/8% Trust Preferred Securities (NYSE Symbol: GPEPRX).

The redemption price for the Georgia Power Capital Trust VII 5-7/8% Trust Preferred Securities will be $25 per Trust Preferred Security plus accrued and unpaid distributions thereon to the date of redemption.

It is expected that The Bank of New York, as Property Trustee, will notify each registered holder by first class mail on or about Aug. 23, 2011. The Bank of New York is located at 101 Barclay Street, New York, New York 10286.

Georgia Power is the largest subsidiary of Southern Company, one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility with rates well below the national average. Georgia Power serves 2.4 million customers in all but four of Georgia's 159 counties.

For further information: Georgia Power Media Relations, +1-404-506-7676 or 1-800-282-1696




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