January 21, 2017 12:56 AM 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 coal, nuclear, and natural gas sources, as well as renewable sources, such as solar, hydroelectric, and wind. As of April 28, 2016, it served 2.5 million residential, commercial, industrial, and other clients in 4 of Georgia's 159 counties. Georgia Power 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 Oglethorpe Power Corporation, municipal electric authority of Georgia, city of Dalton, various electric membership...

241 Ralph McGill Boulevard, N.E.

Atlanta, GA 30308

United States

Founded in 1927

7,989 Employees

Phone:

404-506-6526

Key Executives for Georgia Power Co.

Chairman, Chief Executive Officer and President
Age: 59
Chief Financial Officer, Executive Vice President, Corporate Secretary and Treasurer
Age: 59
Executive Vice President of Nuclear Development, Chief Executive Officer of Southern Power Company and President of Southern Power Company
Age: 54
Executive Vice President of Customer Service and Operations
Age: 58
Senior Vice President and Senior Production Officer of Generation - Southern Company
Age: 47
Compensation as of Fiscal Year 2016.

Georgia Power Co. Key Developments

Georgia Power Will Pay $1.6 Million to Settle EEOC Discrimination Suit

Georgia Power Co. will pay about $1.6 million to settle a class disability discrimination lawsuit brought by the U.S. Equal Employment Oppor­tunity Commission. EEOC filed the suit in 2013, alleging the Southern Co. unit violated federal law by refusing to hire applicants and firing employees based on their disabilities or perceived disabilities. Georgia Power will change its seizure policy and its drug and alcohol policy to ensure compliance with the Americans with Disabilities Act. Georgia Power also will provide equal employment opportunity training to its employees and to post anti-discrimination notices at its facilities.

Georgia Power Co. Approves Amendments to the Bylaws

On November 9, 2016, the board of directors of Georgia Power Company approved certain amendments to the company's bylaws effective as of November 9, 2016. Sections 31, 32, 33 and 36 of the Bylaws were amended to allow for uncertificated shares.

Georgia Power Appoints Doug Hertz as Director

Georgia Power announced the election of Doug Hertz to the company's board of directors. Hertz is an Atlanta native and has served as president and CEO of United Distributors, since 1984. Prior to assuming a leadership role with United Distributors, Hertz worked in accounting and consulting services with KPMG in New Orleans.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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