Hunton Andrews Kurth Advises on Georgia Power Company Tax Exempt Bond Remarketings

Time 2 Minute Read
June 13, 2019
News

Hunton Andrews Kurth LLP acted as counsel to J.P. Morgan Securities LLC, as remarketing agent, for the remarketings of (i) $55,000,000 Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), Fifth Series 1994 (the “Burke County Bonds” and (ii) $45,000,000 Development Authority of Monroe County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Scherer Project), First Series 1995 (the “Monroe County Bonds” and, together with the Burke County Bonds, the “Bonds”). The Bonds are tax-exempt obligations of Georgia Power Company (Georgia Power).

The Burke County 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 Monroe County 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 at the Scherer steam electric generating plant in Monroe 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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