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Georgia Power Co., 6 5/8% Series D Senior Notes due 2039
Ticker Symbol: GPF* CUSIP: 373334549 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/09/2004
Security has been Called for: Tuesday, March 9, 2004
Jan 20, 2004 -- Georgia Power announced today the planned redemption on March 9, 2004 of all $100 million aggregate principal amount of its Series D 6-5/8% Senior Notes due March 31, 2039. Such redemption is conditioned upon the issuance and sale of $100 million aggregate principal amount of Georgia Power Company Series T 5.75% Senior Public Income Notes due January 15, 2044, which issuance is scheduled to occur on January 23, 2004. The redemption price for the full redemption of the Series D 6-5/8% Senior Notes due March 31, 2039 will be 100% of the principal amount thereof ($25 per Senior Note), plus accrued and unpaid interest thereon to the date of redemption.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Georgia Power Co., Series D, 6 5/8% Senior Notes, issued in $25 denominations, redeemable at the issuer's option on or after 3/09/2004 at $25 per share plus accrued and unpaid interest, maturing 3/31/2039, distributions of 6 5/8% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the 15th calendar date prior to the payment date. Payments of principal and interest are guaranteed by a Financial Guaranty Insurance Policy issued by MBIA Insurance Corp. 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 obligations of the company and will rank equally with all existing and future unsecured obligations of the company. See the IPO prospectus for further information on the senior notes by clicking on the ‘Link to IPO Prospectus’ provided below. Georgia Power Co. is a wholly-owned subsidiary of The Southern Co. (NYSE: SO).
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Go to Parent Company's Record (SO)
IPO - 3/5/1999 - 4.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $101.0 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 - David M. Ratcliffe |
CFO - Thomas A. Fanning |
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