January 30, 2015 9:28 AM ET

Electric Utilities

Company Overview of Georgia Power Co.

Company Overview

Georgia Power Company generates, purchases, transmits, distributes, and sells electricity in Georgia. It generates electricity from coal and natural gas, as well as renewable sources, such as solar, hydroelectric, and wind. The company 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 Atlanta, Georgia. ...

241 Ralph McGill Boulevard, N.E.

Atlanta, GA 30308

United States

Founded in 1927

7,886 Employees

Phone:

404-506-6526

Key Executives for Georgia Power Co.

Chief Executive Officer
Age: 57
Chief Financial Officer
Age: 57
Executive Vice President of Customer Service & Operations
Age: 50
Director
Age: 57
Executive Vice President of External Affairs
Age: 56
Compensation as of Fiscal Year 2014.

Georgia Power Co. Key Developments

Georgia Power Appoints David Poroch as Vice President and Comptroller

Georgia Power announced that David Poroch has been named vice president and comptroller. Poroch will lead Georgia Power's corporate accounting organization, including financial reporting, accounting research and internal controls, as well as revenue tax, joint ownership, property and regulatory accounting. Poroch joins Georgia Power from Southern Company Services, where served as vice president and chief audit executive since January 2012.

Georgia Power Company Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Georgia Power Company announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, operating revenues were $2,186 against $2,042 million for the same period in the last year. Earnings before income taxes was $493 million against $464 million for the same period in the last year. Net income available to common was $311 million against $282 million for the same period in the last year. For the six months, operating revenues were $4,455 against $3,924 million for the same period in the last year. Earnings before income taxes was $929 million against $789 million for the same period in the last year. Net income available to common was $577 million against $479 million for the same period in the last year.

Georgia Power Co. Plans to Build Three Solar Generation Facilities on US Army Bases

Georgia Power Co. has announced plans to build, own and operate three separate solar generation facilities on US Army bases in Georgia. The generation facilities, each capable of producing approximately 30 megawatts (MW) AC of solar energy, will be located at Fort Stewart near Savannah, Fort Benning near Columbus and Fort Gordon near Augusta. Scheduled to be completed by the end of 2016, the facilities are expected to be the large solar generation facilities operating on US military bases. The announcement was made as part of the company's updated Renewable Resource. As part of the review and approval of the company's 2007 Integrated Resource Plan, the Georgia PSC approved the development of three cost-effective renewable projects of less than 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.

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