SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-6B-2
Certificate of Notification
Filed by
GEORGIA POWER COMPANY
(the "Company")
This certificate is notice that the above named company has issued,
renewed or guaranteed the security or securities described herein which issue,
renewal or guaranty was exempted from the provisions of Section 6(a) of the Act
and was neither the subject of a declaration or application on Form U-1 nor
included within the exemption provided by Rule U-48.
Item 1. Type of security or securities.
In connection with the issuance and sale by the Development
Authority of Bartow County (the "Bartow Authority") of $46,790,000
Pollution Control Revenue Bonds (Georgia Power Company Plant Bowen
Project), First Series 1998 (the "Bartow First Series Revenue
Bonds"), the issuance and sale by the Bartow Authority of
$17,000,000 Pollution Control Revenue Bonds (Georgia Power Company
Plant Bowen Project), Second Series 1998 (the "Bartow Second Series
Revenue Bonds"), the Development Authority of Coweta County (the
"Coweta Authority") of $12,475,000 Pollution Control Revenue Bonds
(Georgia Power Company Plant Yates Project), First Series 1998 (the
"Coweta Revenue Bonds"), and the issuance and sale by the
Development Authority of Putnam County (the "Putnam Authority") of
$13,725,000 Pollution Control Revenue Bonds (Georgia Power Company
Plant Branch Project), First Series 1998 (the "Putnam Revenue
Bonds" and, together with the Bartow First Series Revenue Bonds,
the Bartow Second Series Bonds and the Coweta Revenue Bonds, the
"Revenue Bonds"), the Company issued the following:
(a) promissory note dated March 12, 1998 in the principal amount
of $46,790,000 (the "Bartow First Series Note"), evidencing
the obligation of the Company to repay the Bartow
Authority's loan (the "Bartow First Series Loan") to it of
the proceeds of the Bartow First Series Revenue Bonds,
(b) promissory note dated March 12, 1998 in the principal amount
of $17,000,000 (the "Bartow Second Series Note"), evidencing
the obligation of the Company to repay the Bartow
Authority's loan (the "Bartow Second Series Loan") to it of
the proceeds of the Bartow Second Series Revenue Bonds,
(c) promissory note dated March 12, 1998 in the principal amount
of $12,475,000 (the "Coweta Note"), evidencing the
obligation of the Company to repay the Coweta Authority's
loan (the "Coweta Loan") to it of the proceeds of the Coweta
Revenue Bonds, and
(d) promissory note dated March 12, 1998 in the principal amount
of $13,725,000 (the "Putnam Note"), evidencing the
obligation of the Company to repay the Putnam Authority's
loan (the "Putnam Loan") to it of the proceeds of the Putnam
Revenue Bonds.
Item 2. Issue, renewal or guaranty.
Issue.
Item 3. Principal amount of each security.
See Item 1 hereinabove.
Item 4. Rate of interest per annum of each security.
Each of the Notes will bear interest at the rate or rates of
interest borne by the corresponding series of Revenue Bonds.
Initially, the Bartow First Series Revenue Bonds will bear
interest from the date of their original issuance and delivery
at a Daily Rate determined by J. P. Morgan Securities Inc.,
the Remarketing Agent for the Bartow First Series Revenue
Bonds.
Initially, the Bartow Second Series Revenue Bonds will bear
interest from the date of their original issuance and delivery at a
Daily Rate determined by Lehman Brothers Inc., the Remarketing
Agent for the Bartow Second Series Revenue Bonds.
Initially, the Coweta Revenue Bonds and the Putnam Revenue Bonds
will bear interest from the date of their original issuance and
delivery at a Daily Rate determined by Citicorp Securities, Inc.,
the Remarketing Agent for the Coweta Revenue Bonds and the Putnam
Revenue Bonds.
The Company may from time to time change the method of determining
the interest rate on any series of the Revenue Bonds to a Daily,
Weekly, Commercial Paper or Long-Term Interest Rate.
Item 5. Date of issue, renewal or guaranty of each security.
March 12, 1998.
Item 6. If renewal of security, give date of original issue.
Not Applicable.
Item 7. Date of maturity of each security.
The Bartow First Series Note - March 1, 2024, subject to prepayment or prior
redemption.
The Bartow Second Series Note - March 1, 2025, subject to prepayment or prior
redemption.
The Coweta Note - March 1, 2024, subject to prepayment or prior
redemption.
The Putnam Note - March 1, 2024, subject to prepayment or prior
redemption.
Item 8. Name of person to whom each security was issued, renewed or guaranteed.
The Notes were issued in favor of the respective Authorities and
assigned by each of them to The Bank of New York, as trustee (the
"Revenue Bond Trustee") for the benefit of the holders of the
respective series of Revenue Bonds.
Item 9. Collateral given with each security, if any.
None.
Item 10. Consideration received for each security.
The Company issued the Notes in consideration of the Loans
aggregating $89,990,000 (the "Loans' Proceeds").
Item 11. Application of proceeds of each security.
The Loans' Proceeds have been deposited with the Revenue Bond
Trustee and will be applied to the refunding redemptions of
$46,790,000 outstanding 5 3/8% Development Authority of Bartow
County Pollution Control Revenue Bonds (Georgia Power Company Plant
Bowen Project), First Series 1993 due March 1, 2005; $10,000,000
outstanding 5.90% Development Authority of Bartow County Pollution
Control Revenue Bonds (Georgia Power Company Plant Bowen Project),
First Series 1994 due December 1, 2024; $7,000,000 outstanding
5.90% Development Authority of Bartow County Pollution Control
Revenue Bonds (Georgia Power Company Plant Bowen Project), Second
Series 1994 due December 1, 2024; $4,100,000 outstanding 6.20%
Development Authority of Coweta County Pollution Control Revenue
Bonds (Georgia Power Company Plant Yates Project), First Series
1992 due September 1, 2022; $8,375,000 outstanding 6% Development
Authority of Coweta County Pollution Control Revenue Bonds (Georgia
Power Company Plant Yates Project), First Series 1993 due March 1,
2018; and $13,725,000 outstanding 6% Development Authority of
Putnam County Pollution Control Revenue Bonds (Georgia Power
Company Plant Branch Project), First Series 1993 due March 1, 2018.
Item 12. Indicate by a check after the applicable statement below
whether the issue, renewal or guaranty of each security was exempt
from the provisions of Section 6(a) because of:
a. the provisions contained in the first sentence of Section
6(b)___
b. the provisions contained in the fourth sentence of Section
6(b)___
c. the provisions contained in any rule of the Commission other
than Rule U-48_X_
Item 13. Not Applicable.
Item 14. Not Applicable.
Item 15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than Rule
U-48, designate the rule under which exemption is claimed.
Rule 52.
Date: March 25, 1998 GEORGIA POWER COMPANY
By:/s/Wayne Boston
Wayne Boston
Assistant Secretary
