Filed Pursuant to Rule 433
Registration No. 333-140954
March 6, 2007
PRICING TERM SHEET
(To Preliminary Prospectus Supplement dated March 6, 2007)
Issuer: | Georgia Power Company |
Security: | Series 2007A 5.65% Senior Notes due March 1, 2037 |
Ratings: | A2/A/A+ (Moody’s/Standard & Poor’s/Fitch) |
Size: | $250,000,000 |
Public Offering Price: | 99.559% |
Maturity: | March 1, 2037 |
Treasury Benchmark: | 4.50% due February 15, 2036 |
US Treasury Yield: | 4.681% |
Spread to Treasury: | 100 basis points |
Re-offer Yield: | 5.681% |
Redemption Terms: | At any time at a discount of Treasury plus 25 basis points |
Coupon: | 5.65% |
Interest Payment Dates: | March 1 and September 1 of each year beginning September 1, 2007 |
Format: | SEC Registered |
Transaction Date: | March 6, 2007 |
Expected Settlement Date: | March 13, 2007 |
Joint Lead Managers: | Banc of America Securities LLC J.P. Morgan Securities Inc. |
Co-Managers: | Calyon Securities (USA) Inc. CastleOak Securities, L.P. HSBC Securities (USA) Inc |
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 Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Georgia Power Company collect at 1-404-506-0759 or Banc of America Securities LLC toll-free at 1-800-294-1322 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.