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May 05, 2015 3:03 PM ET

Electric Utilities

Company Overview of Georgia Power Co.

Company Overview

Georgia Power Company generates, purchases, transmits, distributes, and sells electricity in Georgia. The company generates electricity from nuclear fuel, coal, and natural gas, as well as renewable sources, such as solar, hydroelectric, and wind. It serves to 2.4 million customers in 4 of Georgia's 159 counties. The company sells electricity at retail in approximately 600 communities, including Athens, Atlanta, Augusta, Columbus, Macon, Rome, and Savannah, as well as in rural areas; and at wholesale to various electric membership corporations and non-affiliated utilities. It primarily serves residential, commercial, and industrial clients. The company was founded in 1927 and is based in Atl...

241 Ralph McGill Boulevard, N.E.

Atlanta, GA 30308

United States

Founded in 1927

7,909 Employees

Phone:

404-506-6526

Key Executives for Georgia Power Co.

Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Age: 57
Chief Financial Officer, Executive Vice President and Treasurer
Age: 57
Executive Vice President of Customer Service & Operations
Age: 50
Executive Vice President of Nuclear Development
Age: 52
Senior Vice President and Senior Production Officer of Generation - Southern Company
Age: 45
Compensation as of Fiscal Year 2014.

Georgia Power Co. Key Developments

Georgia Power Announces Management Changes, Effective May 9, 2015

Georgia Power announced that Craig Barrs has been named Executive Vice President of the company's Customer Service & Operations organization. Barrs replaces Anthony Wilson, who recently accepted the role of Executive Vice President of operations at Georgia Power's sister company, Mississippi Power. Chris Cummiskey has been elected by the company's board of directors to succeed Barrs as Executive Vice President of Georgia Power's External Affairs organization. Barrs and Cummiskey will assume their new roles effective May 9, 2015. In his new position, Barrs will lead Georgia Power's customer service efforts for 2.4 million customers and oversee the construction, design and maintenance of the company's electric system, as well as direct region operations and corporate services.

Georgia Power Reports Earnings Results for the First Quarter Ended March 31, 2015

Georgia Power reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenues of USD 1,978 million against USD 2,269 million a year ago. Earnings before income taxes were USD 380 million compared to USD 436 million a year ago. Net income available to common shareholders was USD 236 million compared to USD 266 million a year ago.

Georgia Power Starts Construction of New 30 MW Fort Benning Solar Project

Georgia Power has begun the construction of a new 30MW Fort Benning solar project at the Georgia Army base. The Fort Benning solar facility is the first of three separate Georgia Power solar projects currently in development on Georgia Army bases. Each project will be 30 MW in size and use photovoltaic panels to produce energy for the state's electric grid. The projects are scheduled to be completed by the end of 2016. As part of the review and approval of the company's 2007 Integrated Resource Plan, the Georgia Public Service Commission (PSC) approved the development of three cost-effective renewable projects of up to 30 MW to be owned by Georgia Power. The three projects will be brought online at or below the company's avoided cost, the amount projected it would cost the company to generate comparable energy from other sources. Future groundbreaking events for the remaining two projects are expected to take place at Fort Gordon near Augusta and Fort Stewart near Savannah.

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