| Filed Pursuant to Rule 433 | |
| Registration No. 333-209779 | |
| September 18, 2017 | |
| PRICING TERM SHEET | |
| (To Preliminary Prospectus Supplement dated September 18, 2017) | |
| Issuer: | Georgia Power Company |
| Security: | Series 2017A 5.00% Junior Subordinated Notes due October 1, 2077 |
| Format: | SEC Registered |
| Trade Date: | September 18, 2017 |
| Expected Settlement Date: | September 21, 2017 (T+3) |
| Listing: | Intend to apply to list on the New York Stock Exchange; if approved for listing, trading expected to begin within 30 days of issuance |
| Expected Ratings:* | Baa1 (Negative)/BBB (Negative)/A- (Rating Watch Negative) (Moody’s/Standard & Poor’s/Fitch) |
| Principal Amount: | $270,000,000 |
| Over-allotment Option: | None |
| Denominations: | $25.00 and integral multiples of $25.00 in excess thereof |
| Initial Public Offering Price: | $25.00 per security |
| Purchase Prices: | $24.2125 per security (for sales to non-institutions) |
| $24.50 per security (for sales to institutions) | |
| Maturity Date: | October 1, 2077 |
| Coupon: | 5.00% |
| Optional Deferral: | Up to 40 consecutive quarterly periods per deferral |
| Optional Redemption: | Redeemable, in whole or in part, on or after October 1, 2022 at 100% of the principal amount, plus any accrued and unpaid interest |
| Call for Tax Event: | Prior to October 1, 2022, at any time at 101% of the principal amount, plus any accrued and unpaid interest |
| Call for Rating Agency Event: | Prior to October 1, 2022, at any time at 102% of the principal amount, plus any accrued and unpaid interest |
| Interest Payment Dates: | January 1, April 1, July 1 and October 1 of each year, beginning January 1, 2018 |
| CUSIP/ISIN: | 373334 440/US3733344408 |
| Joint Book-Running Managers: | Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC UBS Securities LLC Wells Fargo Securities, LLC |
| Senior Co-Managers: | BNP Paribas Securities Corp. MUFG Securities Americas Inc. |
| Co-Managers: | Blaylock Van, LLC CastleOak Securities, L.P. CIBC World Markets Corp. Fifth Third Securities, Inc. TD Securities (USA) LLC |
| * Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling The Southern Company collect at 1-404-506-0776, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322, Morgan Stanley & Co. LLC toll-free at 1-800-584-6837, UBS Securities LLC toll-free at 1-888-827-7275 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751. |
