Filed Pursuant to Rule 433
Registration No. 333-140954
December 8, 2009
PRICING TERM SHEET | |
(To Preliminary Prospectus Supplement dated December 8, 2009) | |
Issuer: | Georgia Power Company |
Security: | Series 2009B 4.25% Senior Notes due December 1, 2019 |
Expected Ratings:* | A2/A/A+ (Moody’s/Standard & Poor’s/Fitch) |
Size: | $500,000,000 |
Public Offering Price: | 99.744% |
Maturity Date: | December 1, 2019 |
Treasury Benchmark: | 3.375% due November 15, 2019 |
US Treasury Yield: | 3.382% |
Spread to Treasury: | +90 basis points |
Re-offer Yield: | 4.282% |
Make-Whole Call: | T+15 basis points |
Coupon: | 4.25% |
Interest Payment Dates: | June 1 and December 1 of each year beginning June 1, 2010 |
Format: | SEC Registered |
Denominations: | $1,000 and any integral multiple thereof |
CUSIP: | 373334 JP7 |
Trade Date: | December 8, 2009 |
Expected Settlement Date: | December 15, 2009 (T+5) |
Joint Book-Running Managers: | Banc of America Securities LLC Citigroup Global Markets Inc. J.P. Morgan Securities Inc. |
Co-Managers: | RBS Securities Inc. Wells Fargo Securities, LLC Commerzbank Capital Markets Corp. |
*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, Banc of America Securities LLC toll free at 1-800-294-1322, Citigroup Global Markets Inc. toll free at 1-877-858-5407, J.P. Morgan Securities Inc. at 212-834-4533 or Mizuho Securities USA Inc. toll-free at 1-866-271-7403. | |
