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GEORGIA POWER ANNOUNCES EARNINGS

 GEORGIA POWER ANNOUNCES EARNINGS
 ATLANTA, Oct. 28 /PRNewswire/ -- Georgia Power Co.'s net income


after preferred stock dividends was $434 million for the first nine months of 1992, approximately $83 million more than earnings for the same period last year.
 Net income for the 12 months ending Sept. 30 totaled $558 million, about $157 million more than earnings for the same period a year ago.
 The company attributed the nine-month earnings increase to an increase in retail revenues and lower operating expenses. The 12-month earnings include an after-tax increase of $89 million related to the settlement of a contract dispute with Gulf States Utilities.
 "Although milder weather has resulted in flat residential sales this year, sales to our commercial and industrial customers actually showed an increase over the first nine months of last year," said Bill Dahlberg, Georgia Power president and chief executive officer.
 Retail sales were 1.8 percent higher in the first nine months of 1992 than they were for the same period in 1991, increasing from 41.7 billion to 42.4 billion kilowatthours.
 Meanwhile, Georgia Power reported the addition of 25,666 customers from Oct. 1, 1991 to Sept. 30, 1992, a 1.6 percent increase over the previous year.
 -0- 10/28/92
 /CONTACT: Barry Inman of Georgia Power, 800-282-1696 or 404-526-7676/ CO: Georgia Power Company ST: Georgia IN: UTI SU: ERN


EA-BR -- AT004 -- 5896 10/28/92 10:35 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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