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Georgia Power Co., 6.375% Series 2007D Senior Notes due 7/15/2047
Ticker Symbol: GAR* CUSIP: 373334465 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/17/2012
Security has been Called for: Monday, July 16, 2012
June 15, 2012 -- Georgia Power announced today the planned redemption on July 16, 2012 of all $300 million aggregate principal amount of its Series 2007D 6.375% Senior Notes due July 15, 2047. The redemption price for the full redemption of the Series 2007D 6.375% Senior Notes due July 15, 2047 (NYSE Symbol: GAR) will be 100% of the principal amount thereof ($25 per senior note), plus accrued and unpaid interest to the date of redemption. It is expected that The Bank of New York Mellon, as Trustee, will notify each registered holder by first class mail on or about June 15, 2012. The Bank of New York Mellon is located at 101 Barclay Street, 1st Floor East, New York, New York 10286.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Georgia Power Co., 6.375% Series 2007D Senior Notes due 7/15/2047, issued in $25 denominations, redeemable at the issuer's option on or after 7/15/2012 at $25 per share plus accrued and unpaid interest, and maturing 7/15/2047. Distributions of 6.375% ($1.59375) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date 15 calendar days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and is also NOT eligible for the dividend received deduction for corporate holders. Payment of the principal of and interest on the notes when due are insured by a financial guaranty insurance policy to be issued by MBIA Insurance Corporation. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (SO)
IPO - 7/11/2007 - 12.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Previous Ticker Symbol: GPCDP Changed: 7/31/2007
Market Value $300.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 30 Ivan Allen Jr. Boulevard, N.W., Atlanta, GA 30308 |
| Main Phone Number |
404-506-5000 |
| Fax Number |
404-506-0455 |
| Investor Relations
Glen Kundert
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404-506-5135
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| Toll Free Phone Number |
866-762-6411 |
| CEO - Thomas A. Fanning |
CFO - Richard S. Teel |
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