Aug. 26, 2010 -- 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. 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. ____________ From the Georgia Power Form 8-K filed with the SEC on 7/3/2006 -- Effective July 1, 2006, pursuant to the Merger Agreement, Savannah Electric was merged with and into Georgia Power, with Georgia Power as the surviving corporation in the Merger. Savannah Electric operated as a vertically integrated utility providing electricity to retail customers within a five-county area in southeastern Georgia and to wholesale customers in the Southeast. Prior to the Merger, Southern Company was the sole shareholder of Georgia Power and was the sole common shareholder of Savannah Electric. At the effective time of the Merger, each outstanding share of Savannah Electric common stock was cancelled and Southern Company was issued an additional 1,500,000 shares of Georgia Power common stock, no par value per share. In addition, at the effective time of the Merger, each outstanding share of Savannah Electric 6.00% Series Preferred Stock, Non-Cumulative, Par Value $25 Per Share, was cancelled and was converted into the right to receive one share of Georgia Power 6 1/8% Series Class A Preferred Stock, Non-Cumulative, Par Value $25 Per Share. Following completion of the Merger, the outstanding capital stock of Georgia Power consists of 9,261,500 shares of Georgia Power common stock, all of which are held by Southern Company, and 1,800,000 shares of Georgia Power 6 1/8% Series Class A Preferred Stock. In connection with the Merger, pursuant to an Eighth Supplemental Indenture, dated as of July 1, 2006, between Georgia Power and The Bank of New York, as Trustee, Geo0rgia Power expressly assumed all of Savannah Electric’s obligations under the Senior Note Indenture, dated as of December 1, 1998, between Savannah Electric and The Bank of New York, as Trustee, and all indentures supplemental thereto. Savannah Electric had five series of senior notes outstanding under the Senior Note Indenture. __________ Savannah Electric and Power Company was merged with and into Georgia Power Company effective July 1, 2006, with Georgia Power Company as the surviving corporation in the merger. Under the merger agreement, Southern Company will continue to own all of the outstanding common stock of Georgia Power, which will be the surviving corporation in the merger. Preferred shareholders of Savannah Electric will receive shares of Georgia Power preferred stock in exchange for their Savannah Electric preferred stock, and Georgia Power will assume Savannah Electric’s obligations under its outstanding debt securities.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Savannah Electric & Power Company, 5.75% Series G Senior Notes due 12/1/2044, issued in $25 denominations, redeemable at the issuer's option on or after 12/09/2009 at $25 per share plus accrued and unpaid interest, maturing 12/01/2044, distributions of 5.75% ($1.4375) per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the 15th calendar day prior to the payment date. Payment of the principal and interest on the notes when due are insured by a financial guaranty insurance policy to be issued by Financial Guaranty Insurance Company. 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.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	5.75% $1.4375	$25.00 $25.00	Called for 9/27/2010 12/01/2044	A3 NF 10/14/2010	3/1, 6/1, 9/1 & 12/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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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	404-506-5135
Toll Free Phone Number	866-762-6411

CEO - David M. Ratcliffe

CFO - Thomas A. Fanning