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03.02.2015 19:12:00
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Georgia Power Company -- Moody's affirms Georgia Power's A3 rating; outlook stable
New York, February 03, 2015 -- Moody's Investors Service today affirmed Georgia Power Company's A3 senior unsecured and issuer rating and Baa2 preference stock rating upon its announcement that the contractors for the Vogtle new nuclear project had notified the utility of additional schedule delays, resulting in higher capital and financing costs for the project. Moody's also affirmed the A3/VMIG 2 ratings on Georgia Power's variable rate pollution control revenue bonds. The rating outlook remains stable.
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