Georgia Power to file decertification request for Plant Mitchell Unit 3

   Georgia Power to file decertification request for Plant Mitchell Unit 3

Proposed conversion to biomass deemed not cost effective for its customers

PR Newswire

ATLANTA, Jan. 10, 2014

ATLANTA, Jan. 10, 2014 /PRNewswire/ --Georgia Power announced today that it
plans to file a request in 2014 with the Georgia Public Service Commission
(PSC) to decertify Unit 3 at Plant Mitchell in Albany, Ga. The company is also
cancelling the previously proposed conversion of the coal-fired unit to
biomass after extensive review and analysis deemed the conversion would not be
cost effective for its customers. If the request to decertify the 155 megawatt
(MW) unit is approved, it will be retired by April 16, 2015 – the compliance
date of the United States Environmental Protection Agency's (EPA) Mercury and
Air Toxics Standards (MATS) Rule.

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"We are continuously evaluating our generation mix to determine what sources
provide the best long-term value for our customers," said John Pemberton,
senior vice president and senior production officer for Georgia Power. "Fuel
diversity is key in providing clean, safe, reliable and affordable energy and
we will continue to leverage natural gas, coal, nuclear and renewables, as
well as energy efficiency programs, as part of our robust portfolio."

Since proposing the conversion to biomass in 2008, Georgia Power has worked to
assess the project in light of new EPA regulations, as well as changing market
and economic conditions. In addition to increased capital costs and costs
related to environmental compliance, multiple other factors, such as the
recent economic downturn and lower natural gas prices, have significantly
reduced the project's value and benefits for customers. The company also
considered switching the unit to Powder River Basin (PRB) coal or natural gas,
neither of which proved viable.

Georgia Power is in the midst of a significant transition to the company's
generation fleet. As part of its 2013 Integrated Resource Plan (IRP), the
company received approval from the PSC to decertify and retire more than 2,000
MW of coal- and oil-fired generation at facilities across the state.

Georgia Power continues to add cost-effective renewable generation to its
portfolio. By 2017, the company is expected to have more than 2,300 MW of
generation from renewable sources in operation or under contract including
hydro, biomass, landfill gas, solar and wind generation. The company recently
added 250 MW of wind generation to its portfolio and will soon have nearly 800
MW of solar capacity under contract.

About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of
the nation's largest generators of electricity. Value, Reliability, Customer
Service and Stewardship are the cornerstones of the company's promise to 2.4
million customers in all but four of Georgia's 159 counties. Committed to
delivering clean, safe, reliable and affordable energy at rates below the
national average, Georgia Power maintains a diverse, innovative generation mix
that includes nuclear, 21st century coal and natural gas, as well as
renewables such as solar, hydroelectric and wind. Consistently recognized as
a leader in customer service, Georgia Power was recently ranked highest in
overall business customer satisfaction among large utilities in the South by
J.D. Power and Associates. For more information, visit www.GeorgiaPower.com
and connect with the company on Facebook (Facebook.com/GeorgiaPower) and
Twitter (Twitter.com/GeorgiaPower).

Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information
based on current expectations and plans that involve risks and uncertainties.
Forward-looking information includes, among other things, statements
concerning plant retirement, anticipated fuel mix, estimated purchases under
power purchase agreements, and future regulatory actions. Georgia Power
Company cautions that there are certain factors that can cause actual results
to differ materially from the forward-looking information that has been
provided. The reader is cautioned not to put undue reliance on this
forward-looking information, which is not a guarantee of future performance
and is subject to a number of uncertainties and other factors, many of which
are outside the control of Georgia Power Company; accordingly, there can be no
assurance that such suggested results will be realized. The following factors,
in addition to those discussed in Georgia Power Company's Annual Report on
Form 10-K for the year ended December 31, 2012, and subsequent securities
filings, could cause actual results to differ materially from management
expectations as suggested by such forward-looking information: the impact of
recent and future federal and state regulatory changes, including legislative
and regulatory initiatives regarding deregulation and restructuring of the
electric utility industry, environmental laws including regulation of water,
coal combustion byproducts, and emissions of sulfur, nitrogen, carbon, soot,
particulate matter, hazardous air pollutants, including mercury, and other
substances, and also changes in tax and other laws and regulations to which
Georgia Power Company is subject, as well as changes in application of
existing laws and regulations; current and future litigation, regulatory
investigations, proceedings, or inquiries; variations in demand for
electricity, including those relating to weather, the general economy and
recovery from the recent recession, population and business growth (and
declines), the effects of energy conservation measures, and any potential
economic impacts resulting from federal fiscal decisions; available sources
and costs of fuels; advances in technology; state and federal rate regulations
and the impact of future rate cases and negotiations; and the ability of
Georgia Power Company to obtain additional generating capacity at competitive
prices. Georgia Power Company expressly disclaims any obligation to update
any forward-looking information.

SOURCE Georgia Power

Website: http://www.georgiapower.com
Contact: Media Relations, (404) 506-7676 or (800) 282-1696,
www.georgiapower.com
 
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