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Georgia Power announces redemption of preferred and preference stock

ATLANTA, Sept. 21, 2017 /PRNewswire/ -- Georgia Power today announced that it issued a notice of redemption for the following series of preferred and preference stock:

  • 6⅛% Series Class A Preferred Stock, Non-Cumulative, Par Value $25 Per Share CUSIP No. 373334473 (NYSE: GPE PR A)
  • 6.50% Series 2007A Preference Stock, Non-Cumulative, Par Value $100 Per Share CUSIP No. 373334119

The redemption date for each of the above series of preferred and preference stock will be October 24, 2017. The redemption price per share for each series of preferred and preference stock to be redeemed shall be as follows:

  • 6⅛% Series Class A Preferred Stock: $25 per share plus accrued and unpaid dividends of $0.09783 per share
  • 6.50% Series 2007A Preference Stock: $100 per share plus accrued and unpaid dividends of $0.415278 per share

Regular dividends on the preferred and preference stock being redeemed are payable Oct. 1, 2017 to each holder of record on Sept. 15, 2017. No dividends on the preferred and preference stock being redeemed will accrue on or after the redemption date, nor will any interest accrue on amounts held to pay the redemption price.

Questions relating to this redemption and requests for copies of the notice of redemption should be directed to Wells Fargo Shareowner Services at 1-800-468-9716.

About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

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SOURCE Georgia Power