Georgia Power Company
05/19/2026 | Press release | Distributed by Public on 05/19/2026 15:06
Free Writing Prospectus (Form FWP)
| Filed Pursuant to Rule 433 | ||
| Registration No. 333-285111 | ||
| May 19, 2026 | ||
| PRICING TERM SHEET | ||
| (To Preliminary Prospectus Supplement dated May 19, 2026) | ||
| Issuer: | Georgia Power Company | ||||
| Security: | Series 2026A Floating Rate Senior Notes due November 22, 2027 | ||||
| Expected Ratings:* | A3(Stable)/A(Stable)/A(Stable) (Moody's/Standard & Poor's/Fitch) | ||||
| Principal Amount: | $600,000,000 | ||||
| Initial Public Offering Price: | 100% | ||||
| Maturity Date: | November 22, 2027 | ||||
| Call for Tax Credit Event: | In whole, but not in part, at 101% of the principal amount, plus any accrued and unpaid interest thereon (notice may be issued no later than December 31, 2026, for a redemption not less than 15 nor more than 60 days after such notice) | ||||
| Interest and Interest Payment Dates: | Floating rate based on Compounded SOFR (calculated as described in the Preliminary Prospectus Supplement), plus 42 basis points, calculated quarterly, and payable on February 22, May 22, August 22 and November 22 of each year, beginning August 22, 2026 | ||||
| Format: | SEC Registered | ||||
| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | ||||
| CUSIP/ISIN: | 373334 LF6/US373334LF65 | ||||
| Trade Date: | May 19, 2026 | ||||
| Expected Settlement Date: | May 22, 2026 (T+3) | ||||
| Joint Book-Running Managers: |
BMO Capital Markets Corp. Mizuho Securities USA LLC MUFG Securities Americas Inc. RBC Capital Markets, LLC SMBC Nikko Securities America, Inc. |
||||
| Co-Managers: |
BNY Mellon Capital Markets, LLC Intesa Sanpaolo IMI Securities Corp. Regions Securities LLC Siebert Williams Shank & Co., LLC Independence Point Securities LLC Samuel A. Ramirez & Company, Inc. Security Capital Brokerage, Inc. |
||||
| Concurrent Offerings: | $150,000,000 additional amount of Series 2025B 4.85% Senior Notes due March 15, 2031 and $550,000,000 Series 2026B 4.60% Senior Notes due June 15, 2029, expected to be issued on May 22, 2026. The closing of the offering of the Series 2026A Senior Notes is not contingent on the closing of the concurrent offerings. | ||||
| * Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. | ||
| The term "Tax Credit Event" has the meaning ascribed to it in the issuer's Preliminary Prospectus Supplement dated May 19, 2026. | ||
| The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling Georgia Power Company collect at 1-404-506-5579, BMO Capital Markets Corp. toll-free at 1-888-200-0266, Mizuho Securities USA LLC toll-free at 1-866-271-7403, MUFG Securities Americas Inc. toll-free at 1-877-649-6848, RBC Capital Markets, LLC toll-free at 1-866-375-6829 or SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856. | ||
Georgia Power Company published this content on May 19, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 19, 2026 at 21:06 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]