Southern Power Company Euro-Denominated Green Bond Offering

Hunton & Williams LLP advised the underwriters in the sale of €1,100,000,000 aggregate principal amount of Southern Power Company Green Bonds in the Company’s inaugural euro-denominated debt offering. An amount equal to the US dollar equivalent of the net proceeds of the offering will be allocated to renewable energy generation projects, including financing of, or investments in, solar and wind power generation facilities located in the United States.

Southern Power Company is a wholly owned subsidiary of The Southern Company and an operating public utility. Southern Power Company and its subsidiaries construct, acquire, own and manage generation assets, including renewable energy projects, and sell electricity at market-based rates in the wholesale market. At March 31, 2016, Southern Power and its subsidiaries owned or had the right to own 36 facilities in ten states, with more than 10,600 megawatts of generating capacity operating or under construction in Alabama, California, Florida, Georgia, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina and Texas.

The Hunton & Williams team included Bud Ellis, Steven Friend and Patrick Jamieson. Cary Tolley and Emily Winbigler provided tax advice.