Georgia Power Company Price, Forecast, Insider, Ratings, Fundamentals & Signals

The third nuclear reactor at the Vogtle plant in Georgia began commercial operation on Monday, the first nuclear reactor to start in the US in almost 7 years.

A new nuclear reactor at the Vogtle plant in Georgia started splitting atoms. Full operation will begin in May or June, Georgia Power says.

Moody's Investors Service has affirmed the Baa3 rating for Municipal Electric Authority of Georgia's (MEAG Power) Plant Vogtle Units 3&4 Project J Bonds, affecting approximately $1.97 billion of outstanding rated debt. Concurrent with the rating affirmation, Moody's has changed the outlook for MEAG Power Project J Bonds to positive from negative.

Georgia Power Co:

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mackinaw Power, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

The rating on the principal only class, Cl. A-PO, was affirmed due to the sufficiency of the class's credit support and the pool's share of defeasance. The rating on the IO class, Cl. IO, was downgraded due to the decline in the credit quality of its reference classes resulting from principal paydowns of higher quality reference classes. The ratings of Credit Tenant Lease (CTL) deals are primarily based on the senior unsecured debt rating (or the corporate family rating) of the tenants leasing the real estate collateral supporting the bonds.

The rating on the principal only class, Cl. A-PO, was affirmed due to the sufficiency of the class's credit support and the pool's share of defeasance. The rating on the IO class, Cl. IO, was downgraded due to the decline in the credit quality of its reference classes resulting from principal paydowns of higher quality reference classes. The ratings of Credit Tenant Lease (CTL) deals are primarily based on the senior unsecured debt rating (or the corporate family rating) of the tenants leasing the real estate collateral supporting the bonds.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Southern Company (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

Moody's Investors Service has assigned a Baa3 rating to $570.925 million of Municipal Electric Authority of Georgia (MEAG Power) Plant Vogtle Units 3&4 Project J Bonds, Series 2019A, which were issued through a limited public debt offering in July 2019. The series 2019A bonds rank on par with about $1.4 billion of MEAG Power's other Project J revenue bonds outstanding at December 31, 2018, which are also rated Baa3.