Exhibit 23.2
                                                        

                          INDEPENDENT AUDITORS' CONSENT



The Board of Directors
Ambac Assurance Corporation:

We consent to the incorporation by reference in the registration statement (Nos.
333-43895, 333-43895-01, 333-43895-02, 333-43895-03) of Georgia Power Company,
Georgia Power Capital Trust IV, Georgia Power Capital Trust V and Georgia Power
Capital Trust VI (the "Registrants"), and the Prospectus Supplement of the
Registrants (the "Prospectus Supplement"), via the Form 8-K of the Registrants
dated November 19, 1998, of our report dated January 29, 1998 on the
consolidated financial statements of Ambac Assurance Corporation as of December
31, 1997 and 1996, and for each of the years in the three-year period ended
December 31, 1997, which report appears in the Form 10-K of Ambac Financial
Group, Inc. dated March 31, 1998 and to the reference to our firm under the
heading "Experts" in the Prospectus Supplement.

                                   KPMG Peat Marwick LLP


New York, New York
November 24, 1998