Filed Pursuant to Rule 433
Registration No. 333-140954
May 27, 2008
PRICING TERM SHEET | |
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(To Preliminary Prospectus Supplement dated May 27, 2008) | |
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Issuer: | Georgia Power Company |
Security: | Series 2008B 5.40% Senior Notes due June 1, 2018 |
Expected Ratings*: | A2/A/A+ (Moody’s/Standard & Poor’s/Fitch) |
Size: | $250,000,000 |
Public Offering Price: | 99.551% |
Maturity | June 1, 2018 |
Treasury Benchmark: | 3.875% due May 15, 2018 |
US Treasury Yield: | 3.909% |
Spread to Treasury: | 155 basis points |
Re-offer Yield: | 5.459% |
Make-Whole Call: | T+ 25 basis points |
Coupon: | 5.40% |
Interest Payment Dates: | June 1 and December 1 of each year beginning December 1, 2008 |
Format: | SEC Registered |
Transaction Date: | May 27, 2008 |
Expected Settlement Date: | June 5, 2008 (T+7) |
Joint Book-Running Managers: | Banc of America Securities LLC |
Co-Managers: | Deutsche Bank Securities Inc. |
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* 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. | |
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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, Banc of America Securities LLC toll-free at 1-800-294-1322 or Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649. | |
