Georgia Power Files 8-K on Debt Offerings

TL;DR

Georgia Power's dropping notes, managing debt for the long haul.

AI Summary

Georgia Power Company, a subsidiary of Southern Co, filed an 8-K on December 19, 2025, to report other events. The filing references various series of junior subordinated notes, including Series 2017B 5.25% due 2077, Series 2020A 4.95% due 2080, Series 2020C 4.20% due 2060, and Series 2021B 1.875% due 2081.

Why It Matters

This filing indicates Georgia Power is actively managing its debt structure, which could impact its cost of capital and financial flexibility.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of debt-related information and does not indicate any immediate financial distress or significant new risks.

Key Players & Entities

• Georgia Power Company (company) — Filer
• Southern Co (company) — Parent Company
• Series 2017B 5.25% Junior Subordinated Notes Due 2077 (dollar_amount) — Debt Instrument
• Series 2020A 4.95% Junior Subordinated Notes Due 2080 (dollar_amount) — Debt Instrument
• Series 2020C 4.20% Junior Subordinated Notes Due 2060 (dollar_amount) — Debt Instrument
• Series 2021B 1.875% Junior Subordinated Notes Due 2081 (dollar_amount) — Debt Instrument

FAQ

Key Financial Figures

• $5 — outhern Company Common Stock, par value $5 per share SO New York Stock Exchange T
• $16.3 billion — y-owned projects totaling approximately $16.3 billion of projected capital investment, exclud
• $14 billion — ng construction, of which approximately $14 billion is expected to be incurred in 2026 thro
• $556 million — its), on a levelized basis, of at least $556 million per year, which is equivalent to $8.50
• $8.50 — illion per year, which is equivalent to $8.50 per month (or approximately $102 per ye
• $102 — nt to $8.50 per month (or approximately $102 per year) to the typical residential cu

Filing Documents

• so-20251219.htm (8-K) — 48KB
• 0000092122-25-000100.txt ( ) — 261KB
• so-20251219.xsd (EX-101.SCH) — 4KB
• so-20251219_def.xml (EX-101.DEF) — 20KB
• so-20251219_lab.xml (EX-101.LAB) — 39KB
• so-20251219_pre.xml (EX-101.PRE) — 21KB
• so-20251219_htm.xml (XML) — 10KB

01 Other Events

Item 8.01 Other Events. On December 19, 2025, the Georgia Public Service Commission ("PSC") voted to approve the settlement agreement between Georgia Power Company ("Georgia Power" or the "Company") and the Georgia PSC Public Interest Advocacy Staff, which was filed with the Georgia PSC on December 9, 2025 (the "Settlement Agreement"). The Settlement Agreement resolves the Company's Application for the Certification of Capacity from the 2029-2031 All-Source Request for Proposals and Application for the Certification of Supplemental Resources for 2028-2031 Capacity (collectively, the "All-Source Certification Proceeding"). Under the terms of the Settlement Agreement, all 9,885 megawatts of requested resources in the All-Source Certification Proceeding have been approved and certified at their respective individual project cost. Included in these resources are the Company-owned projects totaling approximately $16.3 billion of projected capital investment, excluding allowance for funds used during construction, of which approximately $14 billion is expected to be incurred in 2026 through 2029. The Company-owned projects will require construction monitoring by the Georgia PSC. The Company has agreed to file its next base rate case in a manner that will ensure the incremental revenue from large load customers has downward pressure (i.e., customer benefits), on a levelized basis, of at least $556 million per year, which is equivalent to $8.50 per month (or approximately $102 per year) to the typical residential customer using an average of 1,000 kilowatt-hours per month, for the years 2029, 2030 and 2031. Cautionary Note Regarding Forward-Looking Statements Certain information contained in this Current Report on Form 8-K is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning projected capital investment. The Southern Company and Georgi

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 19, 2025 THE SOUTHERN COMPANY GEORGIA POWER COMPANY By /s/Melissa K. Caen Melissa K. Caen Assistant Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR