Filed Pursuant to Rule 433
Registration No. 333-140954
February 4, 2009
PRICING TERM SHEET | |
(To Preliminary Prospectus Supplement dated February 4, 2009) | |
Issuer: | Georgia Power Company |
Security: | Series 2009A 5.95% Senior Notes due February 1, 2039 |
Expected Ratings*: | A2/A/A+ (Moody’s/Standard & Poor’s/Fitch) |
Size: | $500,000,000 |
Public Offering Price: | 99.628% |
Maturity Date: | February 1, 2039 |
Treasury Benchmark: | 4.375% due February 15, 2038 |
US Treasury Yield: | 3.727% |
Spread to Treasury: | 225 basis points |
Re-offer Yield: | 5.977% |
Make-Whole Call: | T+40 basis points |
Coupon: | 5.95% |
Interest Payment Dates: | February 1 and August 1 of each year beginning August 1, 2009 |
Format: | SEC Registered |
Denominations: | $1,000 and any integral multiple thereof |
CUSIP: | 373334 JN2 |
Trade Date: | February 4, 2009 |
Expected Settlement Date: | February 10, 2009 (T+4) |
Joint Book-Running Managers: | Barclays Capital Inc. Mitsubishi UFJ Securities International plc SunTrust Robinson Humphrey, Inc. Wachovia Capital Markets, LLC |
Co-Managers: | Calyon Securities (USA) Inc. Utendahl Capital Group, LLC
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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. | |
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 the offering will arrange to send you the prospectus if you request it by calling Georgia Power Company collect at 1-404-506-0759, Barclays Capital Inc. toll free at 1-888-227-2275, Ext. 2663, Mitsubishi UFJ Securities International plc collect at 1-212-782-6949, SunTrust Robinson Humphrey, Inc. toll free at 1-800-685-4786 or Wachovia Capital Markets, LLC toll-free at 1-800-326-5897. |