SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)     May 1, 2001
                                                 ------------------------------


                              GEORGIA POWER COMPANY
-------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

-------------------------------------------------------------------------------

     Georgia                         1-6468                        58-0257110
-------------------------------------------------------------------------------
  (State or other jurisdiction   (Commission File  (IRS Employer Identification
        of incorporation)            Number)                          No.)


       241 Ralph McGill Boulevard, NE, Atlanta, Georgia                  30308
-------------------------------------------------------------------------------
           (Address of principal executive offices)                 (Zip Code)


Registrant's telephone number, including area code           (404) 506-6526
                                                  -----------------------------


                                       N/A
-------------------------------------------------------------------------------
   (Former name or former address, if changed since last report.)



<PAGE>



Item 5.         Other Events.
                ------------

                On May 1, 2001, Georgia Power Company (the "Company") entered
into an Underwriting Agreement covering the issue and sale by the Company of
$90,000,000 aggregate principal amount of its Series I 5.25% Senior Notes due
May 8, 2003 (the "Series I Senior Notes"). Said notes were registered under the
Securities Act of 1933, as amended, pursuant to the shelf registration statement
(Registration Statement Nos. 333-57884, 333-57884-01, 333-57884-02, 333-57884-03
and 333-57884-04) of the Company.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

        (c) Exhibits.

          1     Underwriting Agreement, dated May 1, 2001, among the Company
                and Salomon Smith Barney Inc., Banc One Capital Markets, Inc.
                and Blaylock & Partners, L.P., as the Underwriters.


          4.2   Ninth Supplemental Indenture to Senior Note
                Indenture dated as of May 8, 2001, providing for
                the issuance of the Series I Senior Notes.

          4.7   Form of Series I Senior Note. (included in Exhibit 4.2 above).

         12.1   Computation of ratio of earnings to fixed charges.




<PAGE>



                                    SIGNATURE

                Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


Date:     May 8, 2001                              GEORGIA POWER COMPANY



                                                      By   /s/Wayne Boston
                                                           Wayne Boston
                                                         Assistant Secretary
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{"company-data": {"conformed-name": "GEORGIA POWER CO", "cik": "0000041091", "assigned-sic": "4911", "irs-number": "580257110", "state-of-incorporation": "GA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-06468", "film-number": "1624951"}, "business-address": {"street1": "241 RALPH MCGILL BOULEVARD", "city": "ATLANTA", "state": "GA", "zip": "30308", "phone": "4045066526"}}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)     May 1, 2001
                                                 ------------------------------

                              GEORGIA POWER COMPANY
-------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

-------------------------------------------------------------------------------

     Georgia                         1-6468                        58-0257110
-------------------------------------------------------------------------------
  (State or other jurisdiction   (Commission File  (IRS Employer Identification
        of incorporation)            Number)                          No.)

       241 Ralph McGill Boulevard, NE, Atlanta, Georgia                  30308
-------------------------------------------------------------------------------
           (Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code           (404) 506-6526
                                                  -----------------------------

                                       N/A
-------------------------------------------------------------------------------
   (Former name or former address, if changed since last report.)
Item 5.         Other Events.
                ------------

                On May 1, 2001, Georgia Power Company (the "Company") entered
into an Underwriting Agreement covering the issue and sale by the Company of
$90,000,000 aggregate principal amount of its Series I 5.25% Senior Notes due
May 8, 2003 (the "Series I Senior Notes"). Said notes were registered under the
Securities Act of 1933, as amended, pursuant to the shelf registration statement
(Registration Statement Nos. 333-57884, 333-57884-01, 333-57884-02, 333-57884-03
and 333-57884-04) of the Company.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

        (c) Exhibits.

          1     Underwriting Agreement, dated May 1, 2001, among the Company
                and Salomon Smith Barney Inc., Banc One Capital Markets, Inc.
                and Blaylock & Partners, L.P., as the Underwriters.

          4.2   Ninth Supplemental Indenture to Senior Note
                Indenture dated as of May 8, 2001, providing for
                the issuance of the Series I Senior Notes.

          4.7   Form of Series I Senior Note. (included in Exhibit 4.2 above).

         12.1   Computation of ratio of earnings to fixed charges.
SIGNATURE

                Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

Date:     May 8, 2001                              GEORGIA POWER COMPANY

                                                      By   /s/Wayne Boston
                                                           Wayne Boston
                                                         Assistant Secretary