Georgia Power: Recent Developments in Financing and Community Engagement

Georgia Power, a leading electric utility company in the state of Georgia, has made several significant announcements in recent days. On November 8, 2024, the company filed a Form 8-K with the Securities and Exchange Commission, detailing an underwriting agreement for the issue and sale of $117 million aggregate principal amount of its Series 2024C Floating Rate Senior Notes due November 15, 2074. These notes, registered under the Securities Act of 1933, will be used to repay outstanding commercial paper borrowings and for other general corporate purposes, including the company’s continuous construction program.

In addition to this financial move, Georgia Power has also been involved in community-oriented initiatives. The company is set to sponsor the return of IllumiNights: A Lantern Festival at Zoo Atlanta, which will open to the public on November 20, 2024. This festive event features over 200 new lanterns and scenes celebrating the biodiversity of the planet, all powered by environmentally friendly LED lights. The festival includes various attractions such as roasted marshmallows, warm beverages, and a holiday virtual reality experience.

CEO Kim Greene has also emphasized the company’s commitment to the community, stating that Georgia Power is dedicated to serving the state and its residents. Greene’s message underscores the company’s role in providing essential services and supporting local events and initiatives.

These developments highlight Georgia Power’s active engagement in both financial markets and community activities, reflecting its multifaceted role in the state’s economy and social fabric.