Georgia Power Company $46,000,000 Tax-Exempt Bond Remarketing

Time 1 Minute Read
November 19, 2015
News

Hunton & Williams LLP acted as counsel to J.P. Morgan Securities LLC as remarketing agent for the remarketing of $46,000,000 Development Authority of Burke County Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), First Series 1996. The Bonds were originally issued by the Development Authority of Burke County, Georgia and the proceeds were loaned to Georgia Power Company (Georgia Power) to provide funds to refinance the acquisition, construction, installation and equipping of Georgia Power’s interest in certain air and water pollution control and sewage and solid waste disposal facilities located at the Vogtle steam electric generating plant in Burke County, Georgia.

Georgia Power is a wholly owned subsidiary of The Southern Company. Georgia Power is engaged in the generation and purchase of electricity and the transmission, distribution and sale of such electricity within the State of Georgia at retail in over 600 communities (including Athens, Atlanta, Augusta, Columbus, Macon, Rome and Savannah), as well as in rural areas, and at wholesale currently to Oglethorpe Power Company, the Municipal Electric Authority of Georgia, Dalton Utilities, various electric membership corporations and non-affiliated utilities.

The Hunton & Williams team included Bud Ellis, Steven Friend and Patrick Jamieson. Chris Kulp provided tax advice.

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