Hunton Andrews Kurth Advises on Georgia Power Company $115,000,000 Tax Exempt Bond
Hunton Andrews Kurth LLP acted as counsel to Barclays Capital Inc., as remarketing agent, for the remarketings of (i) $10,000,000 Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), Second Series 1994, (ii) $55,000,000 Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), Fourth Series 1994, (iii) $20,000,000 Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), Ninth Series 1994 and (iv) $30,000,000 Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), Fourth Series 1995 (collectively, the “Bonds”). The Bonds are tax-exempt obligations of Georgia Power Company (“Georgia Power”).
The Bonds were initially issued to provide funds to refinance the acquisition, construction, installation and equipping of the interest of Georgia Power 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, transmission, distribution, and purchase of electricity and the sale of electric service 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 OPC, MEAG Power, Dalton, various EMCs, and non-affiliated utilities.
The Hunton Andrews Kurth team included Bud Ellis, Patrick Jamieson and Michelle Chan. Chris Kulp provided tax advice.
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