<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s888dbcbb85414d5d9ddccba7e0efa53d"></a></div><div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;-sec-extract:summary;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Washington, D. C.  20549</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FORM 8-K</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">CURRENT REPORT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:314px;"></td><td style="width:368px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Date of Report (Date of earliest event reported)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 8, 2017</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:222px;"></td><td style="width:332px;"></td><td style="width:128px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Commission</font></div><div style="padding-bottom:2px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">File Number</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Registrant, State of Incorporation,</font></div><div style="padding-bottom:2px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Address and Telephone Number</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">I.R.S. Employer</font></div><div style="padding-bottom:2px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Identification No.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1-6468</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Georgia Power Company</font></div><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(A Georgia Corporation)</font></div><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">241 Ralph McGill Boulevard, N.E.</font></div><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Atlanta, Georgia 30308</font></div><div style="padding-bottom:2px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(404) 506-6526</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">58-0257110</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The name and address of the registrant have not changed since the last report.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:37px;"></td><td style="width:645px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#9744;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Written communications pursuant to Rule 425 under the Securities Act (17&#160;CFR&#160;230.425)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#9744;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17&#160;CFR&#160;240.14a-12)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#9744;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#9744;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Emerging growth company &#9744;</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:232%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Item 1.01.</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Entry Into a Material Definitive Agreement.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The information related to the LGA Amendment and the Settlement Agreement Amendment (each as defined herein) is incorporated by reference into this Item 1.01. </font></div><div style="line-height:232%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Item 8.01.</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Other Events.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">See MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS - FUTURE EARNINGS POTENTIAL - &#8220;Retail Regulatory Matters - Nuclear Construction&#8221; of Georgia Power Company (&#8220;Georgia Power&#8221;) in Item 7 and Note 3 to the financial statements of Georgia Power under &#8220;Retail Regulatory Matters - Nuclear Construction&#8221; in Item 8 of Georgia Power&#8217;s Annual Report on Form 10-K for the year ended December 31, 2016. See also MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS - FUTURE EARNINGS POTENTIAL - &#8220;Retail Regulatory Matters - Nuclear Construction&#8221; of Georgia Power and Note (B) to the Condensed Financial Statements under &#8220;Retail Regulatory Matters - Georgia Power - Nuclear Construction&#8221; in Georgia Power&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017 for additional information regarding the two new nuclear generating units under construction at Plant Vogtle (&#8220;Plant Vogtle Units 3 and 4&#8221;), including (1) the agreement among Georgia Power, acting for itself and as agent for Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia, and the City of Dalton, Georgia, acting by and through its Board of Water, Light, and Sinking Fund Commissioners, doing business as Dalton Utilities (collectively, the &#8220;Vogtle Owners&#8221;), and a consortium consisting of Westinghouse Electric Company LLC and WECTEC Global Project Services Inc. (together, &#8220;Westinghouse&#8221;), under which Westinghouse agreed to design, engineer, procure, construct, and test two AP1000 nuclear generating units and related facilities at Plant Vogtle (the &#8220;Vogtle 3 and 4 Agreement&#8221;); (2) the filing, by Westinghouse, for bankruptcy protection under Chapter 11 of the U.S. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:232%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bankruptcy Code and the rejection by Westinghouse of the Vogtle 3 and 4 Agreement; (3) the guarantee by Toshiba Corporation (&#8220;Toshiba&#8221;) of certain obligations of Westinghouse under the Vogtle 3 and 4 Agreement (the &#8220;Toshiba Guarantee&#8221;) and the settlement agreement among Georgia Power, the other Vogtle Owners, and Toshiba regarding the Toshiba Guarantee (the &#8220;Guarantee Settlement Agreement&#8221;); and (4) the $920 million of letters of credit from financial institutions delivered to the Vogtle Owners by Westinghouse (the &#8220;Letters of Credit&#8221;) to secure a portion of Westinghouse&#8217;s obligations under the Vogtle 3 and 4 Agreement.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Pursuant to the Guarantee Settlement Agreement, Toshiba acknowledged the amount of its obligation under the Toshiba Guarantee was $3.68 billion (the &#8220;Guarantee Obligations&#8221;), of which Georgia Power&#8217;s proportionate share was approximately $1.7 billion. The Guarantee Settlement Agreement provided for a schedule of payments for the Guarantee Obligations, beginning in October 2017 and continuing through January 2021. To date, Toshiba has made $455 million in scheduled payments of the Guarantee Obligations, of which Georgia Power&#8217;s proportionate share was approximately $208 million.  Toshiba&#8217;s remaining scheduled payment obligations under the Guarantee Settlement Agreement are $3.225 billion, of which Georgia Power&#8217;s proportionate share is approximately $1.47 billion.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">On December 8, 2017, Georgia Power, the other Vogtle Owners,</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;">MEAG Power SPVJ, LLC (&#8220;MEAG Power SPVJ&#8221;), MEAG Power SPVM, LLC (&#8220;MEAG Power SPVM&#8221;), MEAG Power SPVP, LLC (together with MEAG Power SPVJ and MEAG Power SPVM, the &#8220;MEAG SPVs&#8221;), and Toshiba entered into Amendment No. 1 to the Guarantee Settlement Agreement  (the &#8220;Settlement Agreement Amendment&#8221;).  The Settlement Agreement Amendment provides that, subject to the satisfaction or waiver of certain conditions precedent, the remaining payment obligations of Toshiba under the Guarantee </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:232%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Settlement Agreement (the &#8220;Remaining Scheduled Payments&#8221;) are due and payable in full on December 15, 2017.  If Toshiba makes payment of the Remaining Scheduled Payments to Georgia Power, for the benefit of itself, the other Vogtle Owners, and the MEAG SPVs, on or before December 15, 2017 and Toshiba delivers an officer&#8217;s certificate required under the Settlement Agreement Amendment, on the date of such payment, Toshiba will be deemed to be the owner of certain pre-petition bankruptcy claims of Georgia Power, the other Vogtle Owners, and the MEAG SPVs against Westinghouse (the &#8220;Assigned Rights&#8221;). In addition, the Settlement Agreement Amendment provides that upon payment by Toshiba of the Remaining Scheduled Payments, Georgia Power and the other Vogtle Owners will surrender the Letters of Credit.  If payment of the Remaining Scheduled Payments by Toshiba and delivery by Toshiba of the officer&#8217;s certificate have not occurred or been waived by the Vogtle Owners and the MEAG SPVs before December 16, 2017 (or such later date as the Vogtle Owners and the MEAG SPVs may designate), the Settlement Agreement Amendment will automatically terminate.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The foregoing summary of the Settlement Agreement Amendment is qualified in its entirety by reference to the full text of the Settlement Agreement Amendment, a copy of which is attached hereto as Exhibit 10.1.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In addition, on December 8, 2017, in connection with the Loan Guarantee Agreement dated February 20, 2014 (the &#8220;Loan Guarantee Agreement&#8221;), between Georgia Power and the United States Department of Energy (the &#8220;DOE&#8221;), the DOE consented to (i) Georgia Power&#8217;s entry into the Settlement Agreement Amendment, (ii) the release of the Assigned Rights from the lien of the security documents under the Loan Guarantee Agreement, and (iii) the surrender of the Letters of Credit (together, the &#8220;Consent Items&#8221;), and Georgia Power and the DOE entered into Amendment No. 4 (the &#8220;LGA </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:232%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Amendment&#8221;) to the Loan Guarantee Agreement, to address the Consent Items.  The LGA Amendment will become effective upon Georgia Power&#8217;s assignment of the Assigned Rights to Toshiba.  </font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The foregoing summary of the LGA Amendment is qualified in its entirety by reference to the full text of the LGA Amendment, a copy of which is attached hereto as Exhibit 4.1.</font></div><div style="line-height:232%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Item 9.01.</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Financial Statements and Exhibits.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)&#160;&#160;&#160;&#160;Exhibits</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:72px;"></td><td style="width:610px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="x4-1gamonetization8k12x17.htm"><font style="font-family:inherit;font-size:12pt;">Amendment No. 4, dated December 8, 2017, to the Loan Guarantee Agreement.</font></a></div><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="x10-1gamonetization8k12x17.htm"><font style="font-family:inherit;font-size:12pt;">Amendment No. 1 to Settlement Agreement, dated December 8, 2017, among Georgia Power Company, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia, MEAG Power SPVJ, LLC, MEAG Power SPVM, LLC, MEAG Power SPVP, LLC, the City of Dalton, Georgia, acting by and through its Board of Water, Light, and Sinking Fund Commissioners, doing business as Dalton Utilities, and Toshiba Corporation.</font></a></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:232%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SIGNATURE</font></div><div style="line-height:232%;padding-bottom:9px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">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.</font></div><div style="line-height:232%;text-align:left;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:312px;"></td><td style="width:32px;"></td><td style="width:338px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Date:&#160;&#160;&#160;December 11, 2017</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">GEORGIA POWER COMPANY</font></div><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">By</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">/s/Melissa K. Caen</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-top:2px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Melissa K. Caen</font></div><div style="padding-bottom:2px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Assistant Secretary</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:232%;padding-top:22px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:232%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5</font></div></div>	</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "gamonetization8-k12x17.htm", "description": "8-K", "secsgml_size_bytes": 28823}]
{"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": "171249143"}, "business-address": {"street1": "241 RALPH MCGILL BOULEVARD", "city": "ATLANTA", "state": "GA", "zip": "30308", "phone": "4045066526"}, "mail-address": {"street1": "241 RALPH MCGILL BOULEVARD", "city": "ATLANTA", "state": "GA", "zip": "30308"}}
Document
UNITED STATES
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)
December 8, 2017
Commission
File Number
Registrant, State of Incorporation,
Address and Telephone Number
I.R.S. Employer
Identification No.
1-6468
Georgia Power Company
(A Georgia Corporation)
241 Ralph McGill Boulevard, N.E.
Atlanta, Georgia 30308
(404) 506-6526
58-0257110
The name and address of the registrant have not changed since the last report.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01.
Entry Into a Material Definitive Agreement.
The information related to the LGA Amendment and the Settlement Agreement Amendment (each as defined herein) is incorporated by reference into this Item 1.01.
Item 8.01.
Other Events.
See MANAGEMENT'S DISCUSSION AND ANALYSIS - FUTURE EARNINGS POTENTIAL - "Retail Regulatory Matters - Nuclear Construction" of Georgia Power Company ("Georgia Power") in Item 7 and Note 3 to the financial statements of Georgia Power under "Retail Regulatory Matters - Nuclear Construction" in Item 8 of Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016. See also MANAGEMENT'S DISCUSSION AND ANALYSIS - FUTURE EARNINGS POTENTIAL - "Retail Regulatory Matters - Nuclear Construction" of Georgia Power and Note (B) to the Condensed Financial Statements under "Retail Regulatory Matters - Georgia Power - Nuclear Construction" in Georgia Power's Quarterly Report on Form 10-Q for the quarter ended September 30, 2017 for additional information regarding the two new nuclear generating units under construction at Plant Vogtle ("Plant Vogtle Units 3 and 4"), including (1) the agreement among Georgia Power, acting for itself and as agent for Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia, and the City of Dalton, Georgia, acting by and through its Board of Water, Light, and Sinking Fund Commissioners, doing business as Dalton Utilities (collectively, the "Vogtle Owners"), and a consortium consisting of Westinghouse Electric Company LLC and WECTEC Global Project Services Inc. (together, "Westinghouse"), under which Westinghouse agreed to design, engineer, procure, construct, and test two AP1000 nuclear generating units and related facilities at Plant Vogtle (the "Vogtle 3 and 4 Agreement"); (2) the filing, by Westinghouse, for bankruptcy protection under Chapter 11 of the U.S.
2
Bankruptcy Code and the rejection by Westinghouse of the Vogtle 3 and 4 Agreement; (3) the guarantee by Toshiba Corporation ("Toshiba") of certain obligations of Westinghouse under the Vogtle 3 and 4 Agreement (the "Toshiba Guarantee") and the settlement agreement among Georgia Power, the other Vogtle Owners, and Toshiba regarding the Toshiba Guarantee (the "Guarantee Settlement Agreement"); and (4) the $920 million of letters of credit from financial institutions delivered to the Vogtle Owners by Westinghouse (the "Letters of Credit") to secure a portion of Westinghouse's obligations under the Vogtle 3 and 4 Agreement.
Pursuant to the Guarantee Settlement Agreement, Toshiba acknowledged the amount of its obligation under the Toshiba Guarantee was $3.68 billion (the "Guarantee Obligations"), of which Georgia Power's proportionate share was approximately $1.7 billion. The Guarantee Settlement Agreement provided for a schedule of payments for the Guarantee Obligations, beginning in October 2017 and continuing through January 2021. To date, Toshiba has made $455 million in scheduled payments of the Guarantee Obligations, of which Georgia Power's proportionate share was approximately $208 million.  Toshiba's remaining scheduled payment obligations under the Guarantee Settlement Agreement are $3.225 billion, of which Georgia Power's proportionate share is approximately $1.47 billion.
On December 8, 2017, Georgia Power, the other Vogtle Owners,
MEAG Power SPVJ, LLC ("MEAG Power SPVJ"), MEAG Power SPVM, LLC ("MEAG Power SPVM"), MEAG Power SPVP, LLC (together with MEAG Power SPVJ and MEAG Power SPVM, the "MEAG SPVs"), and Toshiba entered into Amendment No. 1 to the Guarantee Settlement Agreement  (the "Settlement Agreement Amendment").  The Settlement Agreement Amendment provides that, subject to the satisfaction or waiver of certain conditions precedent, the remaining payment obligations of Toshiba under the Guarantee
3
Settlement Agreement (the "Remaining Scheduled Payments") are due and payable in full on December 15, 2017.  If Toshiba makes payment of the Remaining Scheduled Payments to Georgia Power, for the benefit of itself, the other Vogtle Owners, and the MEAG SPVs, on or before December 15, 2017 and Toshiba delivers an officer's certificate required under the Settlement Agreement Amendment, on the date of such payment, Toshiba will be deemed to be the owner of certain pre-petition bankruptcy claims of Georgia Power, the other Vogtle Owners, and the MEAG SPVs against Westinghouse (the "Assigned Rights"). In addition, the Settlement Agreement Amendment provides that upon payment by Toshiba of the Remaining Scheduled Payments, Georgia Power and the other Vogtle Owners will surrender the Letters of Credit.  If payment of the Remaining Scheduled Payments by Toshiba and delivery by Toshiba of the officer's certificate have not occurred or been waived by the Vogtle Owners and the MEAG SPVs before December 16, 2017 (or such later date as the Vogtle Owners and the MEAG SPVs may designate), the Settlement Agreement Amendment will automatically terminate.
The foregoing summary of the Settlement Agreement Amendment is qualified in its entirety by reference to the full text of the Settlement Agreement Amendment, a copy of which is attached hereto as Exhibit 10.1.
In addition, on December 8, 2017, in connection with the Loan Guarantee Agreement dated February 20, 2014 (the "Loan Guarantee Agreement"), between Georgia Power and the United States Department of Energy (the "DOE"), the DOE consented to (i) Georgia Power's entry into the Settlement Agreement Amendment, (ii) the release of the Assigned Rights from the lien of the security documents under the Loan Guarantee Agreement, and (iii) the surrender of the Letters of Credit (together, the "Consent Items"), and Georgia Power and the DOE entered into Amendment No. 4 (the "LGA
4
Amendment") to the Loan Guarantee Agreement, to address the Consent Items.  The LGA Amendment will become effective upon Georgia Power's assignment of the Assigned Rights to Toshiba.
The foregoing summary of the LGA Amendment is qualified in its entirety by reference to the full text of the LGA Amendment, a copy of which is attached hereto as Exhibit 4.1.
Item 9.01.
Financial Statements and Exhibits.
(d)    Exhibits
4.1
Amendment No. 4, dated December 8, 2017, to the Loan Guarantee Agreement.
10.1
Amendment No. 1 to Settlement Agreement, dated December 8, 2017, among Georgia Power Company, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia, MEAG Power SPVJ, LLC, MEAG Power SPVM, LLC, MEAG Power SPVP, LLC, the City of Dalton, Georgia, acting by and through its Board of Water, Light, and Sinking Fund Commissioners, doing business as Dalton Utilities, and Toshiba Corporation.
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:   December 11, 2017
GEORGIA POWER COMPANY
By
/s/Melissa K. Caen
Melissa K. Caen
Assistant Secretary
5