Filed Pursuant to Rule 433
Registration No. 333-140954
June 4, 2007
PRICING TERM SHEET | |
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(To Preliminary Prospectus Supplement dated June 4, 2007) | |
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Issuer: | Georgia Power Company |
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Security: | Series 2007B 5.70% Senior Notes due June 1, 2017 |
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Ratings: | A2/A/A+ (Moody’s/Standard & Poor’s/Fitch) |
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Size: | $450,000,000 |
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Public Offering Price: | 99.784% |
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Maturity: | June 1, 2017 |
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Treasury Benchmark: | 4.50% due May 15, 2017 |
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US Treasury Yield: | 4.929% |
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Spread to Treasury: | 80 basis points |
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Re-offer Yield: | 5.729% |
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Redemption Terms: | At any time at a discount of Treasury plus 15 basis points |
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Coupon: | 5.70% |
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Interest Payment Dates: | June 1 and December 1 of each year beginning December 1, 2007 |
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Format: | SEC Registered |
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Transaction Date: | June 4, 2007 |
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Expected Settlement Date: | June 12, 2007 (T+6) |
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Joint Book-Running and Lead Managers: | Goldman, Sachs & Co. |
Lehman Brothers Inc. | |
Joint Lead Manager: | J.P. Morgan Securities Inc. |
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Co-Managers: | Deutsche Bank Securities Inc. |
| Greenwich Capital Markets, Inc. |
| HSBC Securities (USA) Inc. |
| Mizuho 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, Goldman, Sachs & Co. toll-free at 1-866-471-2526 or Lehman Brothers Inc. toll-free at 1-888-603-5847.