March 05, 2015 6:39 PM 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

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
Director, Chairman of Southern Company, Chief Executive Officer of Southern Company and President of Southern Company
Age: 57
Executive Vice President of External Affairs
Age: 56
Compensation as of Fiscal Year 2014.

Georgia Power Co. Key Developments

Georgia Power Co. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Georgia Power Co. announced earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported operating revenues of $1,902 million compared to $1,866 million a year ago. Earnings before income taxes were $196 million compared to $335 million a year ago. Net income available to common shareholders was $123 million compared to $208 million a year ago. For the year, the company reported operating revenues of $8,988 million compared to $8,274 million a year ago. Earnings before income taxes were $1,971 million compared to $1,914 million a year ago. Net income available to common shareholders was $1,225 million compared to $1,174 million a year ago.

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.

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