Fitch affirms Georgia Transmission

Fitch Ratings said it affirmed Georgia Transmission Corp.'s long-term outstanding bond rating at AA- and its commercial paper rating at F1+.

The outlook is stable.

The agency said the ratings on Georgia Transmission reflect the long-term, take or pay, joint and several member transmission service agreements with its member distribution cooperatives that currently extend through 2040; the essential nature of its network, the value of the transmission assets to the Georgia power market and participation in the Georgia Integrated Transmission System; Georgia Transmission's ability to set network service rates to recover all costs; and the service territory characteristics of its member base.

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