Hunton Andrews Kurth Advises on Georgia Power Company’s Tax-Exempt Remarketings

Hunton Andrews Kurth LLP represented the remarketing agent in connection with Georgia Power Company’s tax-exempt remarketings. The firm acted as counsel to BofA Securities, Inc., as the remarketing agent for the remarketing of (i) $104.6 million of Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), First Series 2013 (the “Burke First Series 2013 Bonds”) and (ii) $65 million of Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Georgia Power Company Plant Vogtle Project), Second Series 2008 (the “Burke Second Series 2008 Bonds”, together with the Burke First Series 2013 Bonds, the “Bonds”).

The Bonds were initially issued to refinance the acquisition, construction, installation and equipping of the interest of Georgia Power Company (“GPC”) in certain air and water pollution control and sewage and solid waste disposal facilities located at the Vogtle steam electric generating plant in Burke County, Georgia.

GPC is a wholly owned subsidiary of The Southern Company. GPC is engaged in the generation, transmission, distribution, and purchase of electricity and the sale of electric service within the State of Georgia at retail in over 530 cities and towns (including Athens, Atlanta, Augusta, Columbus, Macon, Rome and Savannah), as well as in rural areas and at wholesale. 

The Hunton Andrews Kurth team included Steven C. Friend, Patrick C. Jamieson, Michelle G. Chan and Monika M. Dziewa. Brendan Staley provided tax advice.