Hunton Andrews Kurth Represents Remarketing Agents in Connection with Georgia Power Company’s Tax-Exempt Remarketings

Hunton Andrews Kurth LLP represented the remarketing agents in connection with Georgia Power Company’s tax-exempt remarketings. The firm acted as counsel to:

(i) Barclays Capital Inc., as representative of the remarketing agents for the remarketing of $28.065 million Development Authority of Monroe County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Scherer Project), Second Series 2006 (the “Monroe Second Series 2006 Bonds”) and $17.5 million Development Authority of Monroe County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Scherer Project), First Series 2013 (the “Monroe First Series 2013 Bonds”);

(ii) Goldman Sachs & Co. LLC, as representative of the remarketing agents for the remarketing of $89.2 million Development Authority of Monroe County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Scherer Project), Second Series 2009 (the “Monroe Second Series 2009 Bonds”);

(iii) BofA Securities, Inc., as representative of the remarketing agents for the remarketing of $48.72 million Development Authority of Monroe County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Scherer Project), First Series 2012 (the “Monroe First Series 2012 Bonds”, together with the Monroe Second Series 2006 Bonds, the Monroe First Series 2013 Bonds and the Monroe Second Series 2009 Bonds, the “Monroe Bonds”); and

(iv) J.P. Morgan Securities LLC, as representative of the remarketing agents for the remarketing of $46 million Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), First Series 1996 (the “Burke Bonds” and together with the Monroe Bonds, the “Bonds”).

The Monroe Bonds were originally issued to provide funds to finance or refinance a portion of the cost of the acquisition, construction, installation and equipping of Georgia Power’s interest in certain solid waste disposal facilities located at the Scherer steam electric generating plant in Monroe County, Georgia. 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.

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 Andrews Kurth team included Steven C. Friend, Patrick C. Jamieson, Michelle G. Chan and Monika M. Dziewa.