GAH Georgia Power CO.

PRICING TERM SHEET

(To Preliminary Prospectus Supplement dated November 12, 2008)

Issuer:

Georgia Power Company

Security:

Series 2008C 8.20% Senior Notes due November 1, 2048

Expected Ratings*:

A2/A/A+ (Moody’s/Standard & Poor’s/Fitch)

Size:

$100,000,000

Price:

$25.00

Maturity:

November 1, 2048

Optional Redemption Terms:

Callable in whole or in part any time on or after November 1, 2013 at par

Coupon:

8.20%

CUSIP Number:

373334 457

Interest Payment Dates:

February 1, May 1, August 1 and November 1 of each year beginning February 1, 2009

Format:

SEC Registered

Expected Listing:

NYSE

Trade Date:

November 12, 2008

Expected Settlement Date:

November 19, 2008 (T+5)

Joint Book-Running and Lead Managers:

Citigroup Global Markets Inc.
Morgan Stanley & Co. Incorporated

UBS Securities LLC

Co-Manager:

Banc of America Securities LLC

* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Georgia Power Company collect at 1-404-506-0759, Citigroup Global Markets Inc. toll free at 1-877-858-5407, Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649 (institutional investors) or 1-800-584-6837 (retail investors) or UBS Securities LLC toll free at 1-877-827-6444, extension 561-3884.