Filed Pursuant to Rule 433
Registration No. 333-165133
September 20, 2010
(To Preliminary Prospectus Supplement dated September 20, 2010)
Issuer: | Georgia Power Company |
Security: | Series 2010D 1.30% Senior Notes due September 15, 2013 |
Expected Ratings:* | Moody’s: A3 (Stable Outlook) Standard & Poor’s: A (Stable Outlook) Fitch: A+ (Negative Outlook) |
Size: | $500,000,000 |
Initial Public Offering Price: | 99.887% |
Maturity Date: | September 15, 2013 |
Treasury Benchmark: | 0.75% due September 15, 2013 |
US Treasury Yield: | 0.739% |
Spread to Treasury: | +60 basis points |
Re-offer Yield: | 1.339% |
Coupon: | 1.30% |
Make-Whole Call: | T+10 basis points |
Interest Payment Dates: | March 15 and September 15 of each year beginning March 15, 2011 |
Format: | SEC Registered |
Denominations: | $1,000 and any integral multiple thereof |
CUSIP: | 373334JT9 |
Trade Date: | September 20, 2010 |
Expected Settlement Date: | September 23, 2010 (T+3) |
Joint Book-Running Managers: | Banc of America Securities LLC Barclays Capital Inc. Mizuho Securities USA Inc. |
Co-Manager: | Commerz Markets LLC |
* 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, Barclays Capital Inc. toll free at 1-888-603-5847 and Mizuho Securities USA Inc. toll free at 1-866-271-7403.