Every 8-K that Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077 (GPJA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow GPJA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GPJA filings page.
Georgia Power Company disclosed that it has entered into several underwriting agreements to issue additional long-term debt. The company agreed to sell an additional $150,000,000 of its Series 2025B 4.85% Senior Notes due March 15, 2031, bringing the total outstanding for this series to $900,000,000 after the offering. Georgia Power also entered into agreements to issue $600,000,000 of Series 2026A Floating Rate Senior Notes due November 22, 2027 and $550,000,000 of Series 2026B 4.60% Senior Notes due June 15, 2029. All of these senior notes were registered under an existing shelf registration statement, and the filing lists the related underwriting agreements, supplemental indentures, note forms, and legal and tax opinions as exhibits.
Alabama Power and Georgia Power, subsidiaries of Southern Company, entered into U.S. Department of Energy loan guarantee arrangements that back large new term loan credit facilities from the Federal Financing Bank. The Alabama Power facility allows advances up to approximately $4.1 billion, while the Georgia Power facility allows advances up to approximately $22.4 billion.
Borrowings reimburse up to 80% of eligible energy project costs, including gas generation, transmission, storage, nuclear upgrades and grid enhancements. Georgia Power has already requested initial advances of about $1.0 billion. The loans mature on December 10, 2055, accrue interest at the applicable U.S. Treasury rate plus 0.375%, and carry DOE guarantees, extensive covenants, mandatory prepayment triggers and change-of-control and voluntary prepayment provisions.
Georgia Power Company, a subsidiary of The Southern Company, reports that the Georgia Public Service Commission has approved a settlement covering its latest long-term resource plan. The decision certifies all 9,885 megawatts of requested capacity from the 2029-2031 all-source process and supplemental resources for 2028-2031 at each project’s individual cost.
The approved plan includes Company-owned projects with approximately $16.3 billion of projected capital investment, excluding financing costs, with about $14 billion expected to be spent from 2026 through 2029. These projects will be subject to construction monitoring by the state regulator.
As part of the agreement, Georgia Power has committed to file its next base rate case so that incremental revenue from large load customers creates customer benefits of at least $556 million per year on a levelized basis for 2029-2031, equal to about $8.50 per month (roughly $102 per year) in bill reductions for a typical residential customer using 1,000 kilowatt-hours per month.
Georgia Power Company entered into underwriting agreements to issue several new senior notes. The company added $250,000,000 of Series 2025B 4.85% Senior Notes due March 15, 2031, increasing the total outstanding for that series to $750,000,000. Georgia Power also agreed to issue $750,000,000 of Series 2025D 4.00% Senior Notes due October 1, 2028 and $500,000,000 of Series 2025E 5.50% Senior Notes due October 1, 2055. All of these senior notes were registered under an existing shelf registration statement, with multiple underwriting banks participating under detailed underwriting and indenture supplemental agreements.