Exhibit 1 $150,000,000 Series M 5.40% Senior Insured Quarterly Notes due March 1, 2033 GEORGIA POWER COMPANY UNDERWRITING AGREEMENT February 21, 2003 Edward D. Jones & Co., L.P. Goldman, Sachs & Co. c/o Edward D. Jones & Co., L.P. 12555 Manchester...Underwriting Agreement • February 28th, 2003 • Georgia Power Co • Electric services • New York
