A sustainability bond is a bond the proceeds of which are allocated towards the financing or refinancing of eligible projects with environmental and social benefits.

In February 2021, Georgia Power became the first domestic utility in the United States to issue a sustainability bond with proceeds allocated to eligible green and social spend, receiving net proceeds of approximately $743M from this issuance (Series 2021A). Georgia Power allocated an amount equal to these net proceeds to eligible green and social categories as defined in Southern Company’s Sustainable Financing Framework.

For more information regarding the environmental and social benefits for Georgia Power’s first sustainability bond, as well as the management assertion letter (together with the independent accountants' attestation report) for this issuance, please click the link below.

Georgia Power February 2021 Sustainability Bond Issuance