Georgia Power Announces Planned Redemption of Series X 5.70% Senior Notes Due January 15, 2045, Series W 6% Senior Notes Due August 15, 2044, Series T 5.75% Senior Public Income NotES (PINES) Due January 15, 2044 and Savannah Electric and Power Company Series G 5.75% Senior Notes Due December 1, 2044

ATLANTA, Aug. 26 /PRNewswire/ -- Georgia Power today announced the planned redemption September 27, 2010 of all $250 million aggregate principal amount of its Series X 5.70% Senior Notes due January 15, 2045, all $125 million aggregate principal amount of its Series W 6% Senior Notes due August 15, 2044, all $100 million aggregate principal amount of its Series T 5.75% Senior Notes due January 15, 2044 and all $35 million aggregate principal amount of Savannah Electric and Power Company Series G 5.75% Senior Notes due December 1, 2044.

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The redemption price for the full redemption of each series of Senior Notes due will be 100% of the principal amount thereof ($25 per senior note), plus accrued and unpaid interest to the date of redemption.

As trustee, The Bank of New York Mellon is expected to notify each registered holder by first class mail on or about August 27, 2010.  The Bank of New York Mellon is located at 101 Barclay Street, 1st Floor East, New York, New York 10286.

Georgia Power is the largest subsidiary of Southern Company, one of the nation's largest generators of electricity.  The company is an investor-owned, tax-paying utility with rates well below the national average.  Georgia Power serves 2.3 million customers in all but four of Georgia's 159 counties.  

www.georgiapower.com

SOURCE Georgia Power Co.