Hunton Andrews Kurth Advises on Georgia Power Company $256,735,000 Tax Exempt Bond Remarketings

Time 2 Minute Read
August 22, 2019
News

Hunton Andrews Kurth LLP acted as counsel to Morgan Stanley & Co. LLC, as remarketing agent, in connection with the remarketings of $85,000,000 Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project) First Series 2012 (the Burke County First Series 2012 Bonds) and $71,735,000 Development Authority of Bartow County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Bowen Project) First Series 2013 (the Bartow County First Series 2013 Bonds) and as counsel to Goldman Sachs & Co. LLC, as remarketing agent, in connection with the remarketing of $100,000,000 Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project) Second Series 2012 (the Burke County Second Series 2012 Bonds and, together with the Burke County First Series 2012 Bonds and the Bartow County First Series 2013 Bonds, the Bonds). The Bonds are tax-exempt obligations of Georgia Power Company (Georgia Power).

The Burke County First Series 2012 Bonds and the Burke County Second Series 2012 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. The Bartow County First Series 2013 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 Bowen steam electric generating plant in Bartow 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.

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