Hunton Advises on Georgia Power Company’s Tax-Exempt Remarketings
Hunton Andrews Kurth LLP represented Morgan Stanley & Co. LLC as the remarketing agent in connection the remarketing of $71.7 million of Development Authority of Bartow County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Bowen Project), First Series 2013 (“the “Bartow Bonds”) and $85 million of Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), First Series 2012 (the “Burke Bonds” and together with the Bartow Bonds, the “Bonds”).
The Burke Bonds were initially issued to refinance the acquisition, construction, installation and equipping of the interest of Georgia Power Company (“GPC”) 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. The Bartow Bonds were initially issued to provide funds to refinance the cost of the acquisition, construction, installation and equipping of certain air and water pollution control and sewage and solid waste disposal facilities located at GPC’s Bowen steam electric generating plant in Bartow County, Georgia.
GPC is a wholly-owned subsidiary of The Southern Company. GPC is engaged in the generation, transmission, distribution and purchase of electricity and the sale of electric service within the State of Georgia at retail in over 530 cities and towns (including Athens, Atlanta, Augusta, Columbus, Macon, Rome and Savannah), as well as in rural areas and at wholesale.
The Hunton team included Steven C. Friend, Monika M. Dziewa, Gabrielle Kraushaar and Catherine Bulger. Chris Kulp provided tax advice.
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