THE GEORGIA POWER COMPANY POST RETIREMENT LIFE INSURANCE BENEFITS TRUST IS A TRUST FORMED FOR THE PURPOSE OF RECEIVING, HOLDING, AND INVESTING FUNDS TRANSFERRED BY GEORGIA POWER COMPANY FOR THE PURPOSE OF PAYING POST RETIREMENT LIFE INSURANCE BENEFITS TO RETIRED GEORGIA POWER COMPANY EMPLOYEES. THE GEORGIA PUBLIC SERVICE COMMISSION REQUIRES GEORGIA POWER COMPANY TO PLACE THE AMOUNT OF THESE RETIREMENT BENEFITS INCLUDED IN ITS ELECTRIC RATES IN AN EXTERNAL TRUST. THE TRUST WAS FORMED SOLELY FOR THAT PURPOSE.