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Georgia Power

Logo: Georgia Power, Public domain, via Wikimedia Commons5

Electric utility in Atlanta, Georgia

Georgia Power is an electric utility headquartered in Atlanta, Georgia, United States. It was established as the Georgia Railway and Power Company and began operations in 1902 running streetcars in Atlanta as a successor to the Atlanta Consolidated Street Railway Company. Georgia Power is the largest of the four electric utilities that are owned and operated by Southern Company.3 It is part of Commonwealth & Southern Corporation.1 Its shares trade on NYSE under the symbol GPJA.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1902Founded1

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  • TickerGPJA on NYSE1
  • Industrypublic utility1
  • HeadquartersAtlanta1
  • Websitewww.georgiapower.com
  • Incorporated inGA6
  • Business address241 Ralph Mcgill Boulevard, Atlanta, Ga 303086
  • Legal formProfit Corporation4
  • LEID981X4Z4RWS7PDMJUZ034
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O KRISTI DOW, 30308 Atlanta, United States4
  • Registered withGeorgia Secretary of State Corporations Division, J7166054

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Georgia Power is an electric utility headquartered in Atlanta, Georgia, United States. It was established as the Georgia Railway and Power Company and began operations in 1902 running streetcars in Atlanta as a successor to the Atlanta Consolidated Street Railway Company.3

Corporate structure

Georgia Power is part of a group headed by Southern Company. 29 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Southern Company Atlanta, Georgia, United States
    • Georgia Power 100% · Atlanta, Georgia, United States
    • Mississippi Power 100% · Gulfport, Mississippi, United States
    • AGL Resources Atlanta, Georgia, United States
      • CENTRAL VALLEY GAS STORAGE, L.L.C. Subsidiary · Atlanta, Georgia, United States
      • GOLDEN TRIANGLE STORAGE, LLC Subsidiary · Wilmington, Delaware, United States
      • JEFFERSON ISLAND STORAGE & HUB L.L.C. Subsidiary · Houston, Texas, United States
      • NICOR ENERCHANGE, L.L.C. Subsidiary · Houston, Texas, United States
      • NORTHERN ILLINOIS GAS COMPANY Subsidiary · Naperville, Illinois, United States
      • SOUTHERN COMPANY GAS CAPITAL CORPORATION Subsidiary · Birmingham, Alabama, United States
      • SOUTHSTAR ENERGY SERVICES LLC Subsidiary · Wilmington, Delaware, United States
        • ILLINOIS ENERGY SOLUTIONS, USA, LLC Subsidiary · Wilmington, Delaware, United States
        • ILLINOIS ENERGY, USA, LLC Subsidiary · Atlanta, Georgia, United States
      • VIRGINIA NATURAL GAS, INC. Subsidiary · Virginia Beach, Virginia, United States
    • Southern Nuclear Subsidiary · 100% · Birmingham
    • Southern Linc Subsidiary · Atlanta
    • Alabama Power Company Subsidiary · 100% · Birmingham, Alabama, United States
    • ENERGY RESOURCE INSURANCE CORPORATION Subsidiary · Atlanta, Georgia, United States
    • Southern Electric Generating Company Subsidiary · Birmingham, Alabama, United States
    • SOUTHERN POWER COMPANY Subsidiary · Atlanta, Georgia, United States
      • GLASS SANDS WIND ENERGY, LLC Subsidiary · Atlanta, Georgia, United States
      • GRANT PLAINS WIND, LLC Subsidiary · Atlanta, Georgia, United States
      • MILLERS BRANCH SOLAR, LLC Subsidiary · Atlanta, Georgia, United States
      • PASSADUMKEAG WINDPARK, LLC Subsidiary · Wilmington, Delaware, United States
      • READING WIND ENERGY, LLC Subsidiary · Wilmington, Delaware, United States
      • SALT FORK WIND, LLC Subsidiary · Atlanta, Georgia, United States
      • SP ENERGY TRADING, LLC Subsidiary · Atlanta, Georgia, United States
      • TYLER BLUFF WIND PROJECT, LLC Subsidiary · Wilmington, Delaware, United States
      • WAKE WIND ENERGY LLC Subsidiary · Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Georgia Power reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

At December 31, 2025, the traditional electric operating companies, Southern Power, and SEGCO owned and/or operated the generating and battery energy storage facilities listed in the table below. The traditional electric operating companies have certain jointly-owned generating stations. For these facilities, the nameplate capacity shown represents the Registrant's portion of total plant capacity, with ownership percentages provided if less than 100%. See "Jointly-Owned Facilities" and "Titles to Property" herein and Note 5 to the financial statements under "Joint Ownership Agreements" in Item 8 herein for additional information.

Barry Units 6 through 8 · Mobile, AL · 1,706,424

The rest of Item 2

Central Alabama Generating Station · Autauga County, AL · 885,000

Lindsay Hill Generating Station · Autauga County, AL · 879,700

Calhoun Generating Station · Calhoun County, AL · 748,000

Greene County · Demopolis, AL · 720,000

Barry Units 1, 2, and 4 · Mobile, AL · 600,000

Greene County Units 1 and 2 (60%) · Demopolis, AL · 300,000

Total Natural Gas · 5,839,124

Barry Unit 5 · Mobile, AL · 700,000

Gaston Unit 5 · Wilsonville, AL · 880,000

Miller (91.8% of Units 1 and 2 and 100% of Units 3 and 4) · Birmingham, AL · 2,532,288

Total Coal · 4,112,288

Nuclear

Farley · Dothan, AL · 1,720,000

Anniston Army Depot · Calhoun County, AL · 7,380

Fort Rucker · Dale County, AL · 10,560

Total Solar · 17,940

Hydro

Bankhead · Holt, AL · 53,985

Bouldin · Wetumpka, AL · 225,000

Harris · Wedowee, AL · 132,000

Henry · Ohatchee, AL · 72,900

Holt · Holt, AL · 46,944

Jordan · Wetumpka, AL · 100,000

Lay · Clanton, AL · 177,000

Lewis Smith · Jasper, AL · 157,500

Logan Martin · Vincent, AL · 135,000

Martin · Dadeville, AL · 182,000

Mitchell · Verbena, AL · 170,000

Thurlow · Tallassee, AL · 81,000

Weiss · Leesburg, AL · 87,750

Yates · Tallassee, AL · 47,000

Total Hydro · 1,668,079

Cogeneration

Lowndes County · Burkeville, AL · 104,800

Theodore · Theodore, AL · 236,418

Washington County · Washington County, AL · 123,428

Total Cogeneration · 464,646

Total Alabama Power Generating Capacity · 13,822,077

McDonough-Atkinson Units 4 through 6 · Atlanta, GA · 2,520,000

McIntosh Units 10 and 11 · Effingham County, GA · 1,318,920

McDonough Unit 3 · Atlanta, GA · 78,800

McIntosh Units 1 through 8 · Effingham County, GA · 640,000

McManus · Brunswick, GA · 481,700

Robins · Warner Robins, GA · 158,400

Wilson · Augusta, GA · 354,100

Yates · Newnan, GA · 700,000

Total Natural Gas · 6,251,920

Bowen · Cartersville, GA · 3,160,000

Scherer (8.4% of Units 1 and 2 and 75% of Unit 3) · Macon, GA · 750,924

Total Coal · 3,910,924

Nuclear

Hatch (50.1%) · Baxley, GA · 899,612

Vogtle (45.7%) · Augusta, GA · 2,167,094

Total Nuclear · 3,066,706

Fort Benning · Columbus, GA · 30,005

Fort Gordon · Augusta, GA · 30,000

Fort Stewart · Fort Stewart, GA · 30,000

Fort Valley · Fort Valley, GA · 10,800

Kings Bay · Camden County, GA · 30,161

Marine Corps Logistics Base · Albany, GA · 31,161

McIntosh · Effingham County, GA · 10,000

Moody Air Force Base · Valdosta, GA · 49,500

Robins Air Force Base · Warner Robins, GA · 128,000

8 Other Plants · Various Georgia locations · 18,479

Total Solar · 368,106

Hydro

Bartletts Ferry · Columbus, GA · 173,000

Burton · Clayton, GA · 8,100

Flint River · Albany, GA · 5,400

Goat Rock · Columbus, GA · 40,500

Lloyd Shoals · Jackson, GA · 18,000

Morgan Falls · Atlanta, GA · 16,800

Nacoochee · Lakemont, GA · 4,800

North Highlands · Columbus, GA · 29,600

Oliver Dam · Columbus, GA · 60,000

Rocky Mountain (25.4%) · Rome, GA · 229,362 · (b)

Sinclair Dam · Milledgeville, GA · 45,000

Tallulah Falls · Clayton, GA · 72,000

Terrora · Clayton, GA · 20,800

Tugalo · Clayton, GA · 59,250

Wallace Dam · Eatonton, GA · 321,300

Yonah · Toccoa, GA · 22,500

Total Hydro · 1,126,412

Mossy Branch · Talbot County, GA · 65,000

Total Georgia Power Generating Capacity · 14,789,068

Daniel · Pascagoula, MS · 1,070,424

Ratcliffe · Kemper County, MS · 769,898

Sweatt · Meridian, MS · 39,400

Watson · Gulfport, MS · 39,360

Greene County Units 1 and 2 (40%) · Demopolis, AL · 200,000

Watson · Gulfport, MS · 750,000

Total Natural Gas · 2,869,082

Daniel · Pascagoula, MS · 1,000,000

Walnut Grove · Walnut Grove, MS · 1,500

Cogeneration

Chevron Cogenerating Station · Pascagoula, MS · 147,292 · (c)

Total Mississippi Power Generating Capacity · 4,017,874

Franklin · Smiths, AL · 1,857,820

Harris · Autaugaville, AL · 1,318,920

Rowan Unit 4 · Salisbury, NC · 530,550

Wansley Units 6 and 7 · Carrollton, GA · 1,073,000

Addison · Thomaston, GA · 668,800

Cleveland · Cleveland County, NC · 720,000

Dahlberg · Jackson County, GA · 756,000

Rowan Units 1 through 3 · Salisbury, NC · 455,250

Total Natural Gas · 7,380,340

Adobe · Kern County, CA · 20,000

Apex · North Las Vegas, NV · 20,000

Boulder I · Clark County, NV · 100,000

Butler · Taylor County, GA · 104,000

Butler Solar Farm · Taylor County, GA · 22,000

Calipatria · Imperial County, CA · 20,000

Campo Verde · Imperial County, CA · 147,420

Cimarron · Colfax County, NM · 30,640

Decatur County · Decatur County, GA · 20,000

Decatur Parkway · Decatur County, GA · 84,000

Desert Stateline · San Bernadino County, CA · 299,990

East Pecos · Pecos County, TX · 120,000

Garland · Kern County, CA · 205,290

Gaskell West I · Kern County, CA · 20,000

Granville · Granville County, NC · 2,500

Henrietta · Kings County, CA · 102,000

Imperial Valley · Imperial County, CA · 163,200

Lamesa · Dawson County, TX · 102,000

Lost Hills-Blackwell · Kern County, CA · 32,000

Macho Springs · Luna County, NM · 55,000

Morelos del Sol · Kern County, CA · 15,000

North Star · Fresno County, CA · 61,600

Pawpaw · Taylor County, GA · 30,480

Roserock · Pecos County, TX · 160,000

Rutherford · Rutherford County, NC · 74,800

Sandhills · Taylor County, GA · 148,000

South Cheyenne · Laramie County, WY · 150,000

Spectrum · Clark County, NV · 30,240

Item 2 of the 10-K filed Feb 19, 2026.8

The story

Originally the Georgia Railway and Power Company, it began in 1902 as a company running the streetcars in Atlanta and was the successor to the Atlanta Consolidated Street Railway Company. In the 1930s, the company published a free newsletter called Two Bells which was distributed on its streetcars. Two Bells was carried on being distributed into the 1960s on the buses of a successor Atlanta Transit Company (ATC). From 1937 until 1950, Georgia Power also operated trolleybuses in Atlanta, and in 1950 its network of 31 electric bus routes was the largest trolley bus system in the United States. After the Atlanta transit strike of 1950, the Atlanta Transit Company took over operations. In 2003, the nonprofit Atlanta Streetcar, Inc. was founded with a goal of returning streetcar service to the city, initially focused on a line along Peachtree Street; this advocacy eventually contributed to the opening of the modern Atlanta Streetcar system in downtown Atlanta in 2014.

The company built several dams, including the Morgan Falls Dam just north of the city, and some as far away as the Tallulah River in the northeast Georgia mountains. These hydroelectric dams form Lake Burton, Lake Seed, Lake Rabun, Lake Tallulah Falls, Lake Tugalo, and Lake Yonah, the last two of which straddle the Georgia – South Carolina border on the Tugaloo River.

Following cost increases in August 2018 for building two additional nuclear reactors at its Vogtle Electric Generating Plant, credit rating agency Moody's downgraded Georgia Power's credit ratings from A3 (upper medium) to Baa1 (lower medium).

In September 2018, in order to sustain the project, Georgia Power agreed to pay an additional proportion of the costs of the smaller project partners if completion costs exceeded $9.2 billion.

In 2019, Georgia Power's CEO, Paul Bowers, testified before state regulators seeking to get an approval for the company's request to add about $200 a year to the average residential customer's bills.

In June 2021, Georgia Power again sought a $235 million a year rates increase once Vogtle unit 3 starts operation, an overall 10% increase in rates, to recover capital construction costs and operating costs.

Kim Greene became chairman, president, and CEO of Georgia Power in 2023.

From Wikipedia’s article on Georgia Power, shared under CC BY-SA 4.0.7

Leadership

Who has led Georgia Power, and when. Pick a name to see everywhere that person has worked.

President

  1. Michael D. Garrett2004–2006

Chief financial officer

  1. Cliff S. Thrasher2005–2006
  2. Ronnie R. Labrato2009
  3. W. Ron Hinson2013
  4. Xia Liu2017

Chief operating officer

  1. William P. Bowers2010
197019801990200020102020
Board members and other officers (34)

Products and brands

Plant Vogtle nuclear expansion

In addition to its original two reactors, completed in 1987 and 1989, Georgia Power and its co-owners — Oglethorpe Power, the Municipal Electric Authority of Georgia, and Dalton Utilities — built two new nuclear units, Vogtle 3 and 4, at the plant near Waynesboro. The project was certified by the Georgia Public Service Commission in March 2009. It became the first new nuclear construction in the United States in more than three decades, but it was delayed by roughly seven years and ran far over its original budget, with total project costs eventually surpassing $35 billion — more than $20 billion above initial estimates. Unit 3 entered commercial operation on July 31, 2023, and Unit 4 followed on April 29, 2024, bringing Plant Vogtle's total capacity to nearly 5,000 megawatts and making it the largest nuclear power plant in the United States.

Late in 2023, state regulators approved a settlement allowing Georgia Power to recover $7.56 billion of the project's construction costs from ratepayers; combined with an earlier increase, the cumulative effect raised the average residential customer's monthly bill by about $14.38 once both new units were in service. Supporters credited the project with adding a large source of carbon-free baseload power amid rising statewide electricity demand, while critics — including commission staff who testified during the proceedings — argued ratepayers would have been better served by alternative resources such as natural gas or solar paired with battery storage.

Transition to renewables and Plant Mitchell shutdown

Georgia Power asked the state's public service commission for approval to convert the coal-fired Plant Mitchell to run on wood fuel. If approved, the retrofit would have begun in 2011 and the biomass plant would have started operating in mid-2012. The 96 MW (129,000 hp) biomass plant would have run on surplus wood from suppliers within a 100 mi (160 km) radius of the plant, which is located near Albany, Georgia. However, in 2014, the company announced it was decertifying the plant and intended to close its operations by April 2015; Plant Mitchell was shut down in 2016; as of 2022, discharged water from the plant's ash pond is being monitored. More recently, under the company's 2025 Integrated Resource Plan, regulators approved keeping several other coal-fired units online beyond their previously planned retirement dates in order to meet rising demand from data centers (see above).

Generating facilities

Georgia Power owns and operates a total of 46 generating plants which include hydroelectric dams, fossil fueled generating plants and nuclear power plants, which provide electricity to more than 2.8 million customers in all but four of Georgia's counties. As of December 31, 2024, the company's combined generating capacity was approximately 14.8 million kilowatts, and its 2024 energy mix was approximately 40 percent natural gas and oil, 29 percent nuclear, 16 percent coal, 8 percent renewables, and 2 percent hydroelectric.

Read the full text

Hydroelectric dams

Georgia Power Hydro incorporates 19 hydro electric generating units to produce a generation capacity of 1,087,536 kilowatts (KW). Georgia Power Hydro facilities also provide more than 45,985 acres (18,609 ha) of water and more than 1,057 mi (1,701 km) of shoreline for habitat and recreational use.

From Wikipedia’s article on Georgia Power, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Parent company

Owners

From Wikidata.1

Timeline

  1. May 22, 20268-K Other events46
  2. Sep 29, 20258-K Other events47
  3. Mar 3, 20258-K Other events48
  4. Dec 5, 20248-K Other events49
  5. Nov 13, 20248-K Other events50
  6. Feb 23, 20248-K Other events51
  7. Feb 1, 20248-K Financial statements and exhibits52
  8. Nov 8, 20238-K Other events53
  9. May 4, 20238-K Other events54
  10. May 4, 20228-K Other events55
  11. Feb 8, 2019Parent Directly consolidated by Southern Company4
  12. 1902Founded Founded1

Filings

69 filings to the SEC since October 2021: 10 major events, 59 other. The latest 20:

  1. May 22, 20268-K EDGAR
  2. May 20, 2026424B2 EDGAR
  3. May 20, 2026424B2 EDGAR
  4. May 20, 2026424B2 EDGAR
  5. May 19, 2026FWP EDGAR
  6. May 19, 2026FWP EDGAR
  7. May 19, 2026FWP EDGAR
  8. May 19, 2026424B5 EDGAR
  9. May 19, 2026424B5 EDGAR
  10. May 19, 2026424B5 EDGAR
  11. Nov 19, 2025305B2 EDGAR
  12. Sep 29, 20258-K EDGAR
  13. Sep 25, 2025424B2 EDGAR
  14. Sep 25, 2025424B2 EDGAR
  15. Sep 25, 2025424B2 EDGAR
  16. Sep 24, 2025FWP EDGAR
  17. Sep 24, 2025FWP EDGAR
  18. Sep 24, 2025FWP EDGAR
  19. Sep 24, 2025424B5 EDGAR
  20. Sep 24, 2025424B5 EDGAR

The 69 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Georgia Power is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGEORGIA POWER CO2
  • CIK0000041091
  • Employer ID (EIN)58-06900708
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company8
  • Incorporated inDelaware8
  • Fiscal year endsDecember 312
  • Industry code (SIC)4911 Electric Services2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address241 Ralph Mcgill Boulevard, Atlanta, GA 303082
  • Phone40450665262
  • Shares outstanding1,119,391,291 shares; 30,537,500 Alabama Power shares; 9,261,500 Georgia Power shares; 1,121,000 Mississippi Power shares; 1,000 Southern Power shares; 100 Southern Company Gas shares as of Jan 31, 20268
  • Public float$101.0B as of Jun 30, 20258
  • AuditorDeloitte & Touche LLP, Atlanta, Georgia PCAOB ID 34; it also attests to the company’s internal control over financial reporting8
  • On EDGAR sinceJan 28, 19942
  • Filings1,041 in all: 8-K (293), 10-Q (98), 424B5 (88), 424B2 (62), U-12-IB (61), 35-CERT (60), FWP (59), 3 (48)2
    All 41 form types

    U-6B-2 (42), 10-K (31), U-1/A (29), DEF 14C (17), ARS (14), UPLOAD (14), 8-A12B (12), CT ORDER (12), U-1 (11), CORRESP (10), S-3 (10), CERTNYS (9), 25-NSE (8), S-3ASR (7), 424B3 (6), S-3/A (6), POS AMC (5), 25 (3), 424B1 (3), 10-K405 (2), 10-Q/A (2), 3/A (2), 305B2 (2), 424A (2), 424B4 (2), 8-K/A (2), SC 13E4/A (2), SC 13G/A (2), 4 (1), PRES14C (1), S-4 (1), S-4/A (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Feb 19, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Latest 8-K (8-K) Jul 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $5 per shareSONew York Stock Exchange
Series 2017B 5.25% Junior Subordinated Notes due 2077SOJCNYSE
Series 2020A 4.95% Junior Subordinated Notes due 2080SOJDNYSE
Series 2020C 4.20% Junior Subordinated Notes due 2060SOJENYSE
Series 2021B 1.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2081SO 81NYSE
Series 2025A 6.50% Junior Subordinated Notes due 2085SOJFNYSE
2025 Series A Corporate UnitsSOMNNYSE
Series 2017A 5.00% Junior Subordinated Notes due 2077GPJANYSE
Series 2016B 1.850% Senior Notes due 2026SO/26ANYSE

From the cover page of the 10-K filed Feb 19, 2026 (Section 12(b) of the Exchange Act).8

Risk factors and legal proceedings

The risks Georgia Power names in Item 1A of its 10-K filed Feb 19, 2026: 29 risks under these headings, as written.8

  • UTILITY REGULATORY, LEGISLATIVE, AND LITIGATION RISKS
  • Southern Company and its subsidiaries are subject to substantial federal, state, and local governmental regulation, including with respect to rates. Compliance with current and future legal and regulatory requirements and procurement of necessary approvals, permits, and certificates may result in substantial costs to Southern Company and its subsidiaries. The reduction, elimination, or expiration of government incentives for, or regulations mandating or restricting the use of, renewable energy projects could reduce demand for renewable energy projects and harm the Registrants' businesses.
  • The Southern Company system's costs of compliance with environmental laws and regulations and satisfying related AROs are significant.
  • The Southern Company system may be exposed to regulatory and financial risks related to the impact of GHG legislation, regulation, and emission reduction goals.
  • OPERATIONAL RISKS
  • The financial performance of Southern Company and its subsidiaries may be adversely affected if the subsidiaries are unable to successfully operate their facilities or perform certain corporate functions.
  • Operation of nuclear facilities involves inherent risks, including environmental, safety, health, regulatory, natural disasters, cyber intrusions, physical attacks, and financial risks, that could result in fines or the closure of the nuclear units owned by Alabama Power or Georgia Power and which may present potential exposures in excess of insurance coverage.
  • Generation, transmission, and distribution of electricity and transportation and storage of natural gas involve risks that may result in accidents and other operating risks and costs and that may present potential exposures in excess of insurance coverage.
  • Physical attacks, both threatened and actual, could impact the ability of the Subsidiary Registrants to operate.
  • An information security incident, including a cybersecurity breach, or the failure of, or inability to remotely access, one or more key technology systems, networks, or processes could impact the ability of the Registrants to operate.
  • The Southern Company system may not be able to obtain adequate natural gas, fuel supplies, and other resources required to operate the traditional electric operating companies' and Southern Power's electric generating plants or serve Southern Company Gas' natural gas customers.
  • The revenues of Southern Company, the traditional electric operating companies, and Southern Power depend in part on sales under PPAs, the success of which depend on PPA counterparties performing their obligations, Southern Company subsidiaries satisfying minimum requirements under the PPAs, and renewal or replacement of the PPAs for the related generating capacity.
The other 19 risks
  • Increased competition from other companies that supply energy or generation and storage technologies and changes in customer demand for energy could negatively impact Southern Company and its subsidiaries.
  • The Subsidiary Registrants are subject to workforce factors that could affect operations.
  • Supply chain disruptions, inflation, elevated interest rates, trade policies (including tariffs and other trade measures), and other economic factors could negatively impact operations.
  • CONSTRUCTION RISKS
  • The Registrants have incurred and may incur additional costs or delays in the construction of new plants or other facilities and may not be able to recover their investments. Also, existing facilities of the Subsidiary Registrants require ongoing expenditures, including those to maintain reliability and meet AROs and other environmental standards and goals.
  • Southern Company Gas' significant investment in pipeline development projects involves financial and execution risks.
  • FINANCIAL, ECONOMIC, AND MARKET RISKS
  • The electric generation and energy marketing operations of the traditional electric operating companies and Southern Power and the natural gas operations of Southern Company Gas are subject to changes in energy prices and fuel costs.
  • The Registrants are subject to risks associated with a changing economic environment, customer behaviors, including increased energy conservation, and adoption patterns of technologies by customers.
  • The operating results of the Registrants are affected by weather conditions and may fluctuate on a seasonal basis. In addition, catastrophic events could result in substantial damage to or limit the operation of the properties of a Subsidiary Registrant.
  • Acquisitions, dispositions, or other strategic ventures or investments may not result in anticipated benefits and may present risks, including risks not originally contemplated.
  • Southern Company and Southern Company Gas are holding companies and Southern Power owns many of its assets indirectly through subsidiaries. Each of these companies is dependent on cash flows from their respective subsidiaries to meet their ongoing and future financial obligations.
  • A downgrade in the credit ratings of any of the Registrants, Southern Company Gas Capital, or Nicor Gas could negatively affect their ability to access capital at reasonable costs and/or could require posting of collateral or replacing certain indebtedness.
  • Uncertainty in demand for energy can result in lower earnings or higher costs.
  • The businesses of the Registrants and Nicor Gas are dependent on their ability to successfully access capital through capital markets and financial institutions.
  • Failure to comply with debt covenants or conditions could adversely affect the ability of the Registrants, SEGCO, Southern Company Gas Capital, or Nicor Gas to execute future borrowings.
  • Volatility in the securities markets, interest rates, and other factors could substantially increase defined benefit pension and other postretirement plan costs and affect the funding available for nuclear decommissioning.
  • Shareholder activism could cause Southern Company to incur significant expense, hinder execution of Southern Company's business strategy, and impact Southern Company's stock price.
  • The Registrants are subject to risks associated with their ability to obtain adequate insurance at acceptable costs.
  • The use of derivative contracts by Southern Company and its subsidiaries in the normal course of business could result in financial losses that negatively impact the net income of the Registrants or in reported net income volatility.
  • Future impairments of goodwill or long-lived assets could have a material adverse effect on the Registrants' results of operations.

Legal proceedings

See Note 3 to the financial statements in Item 8 herein for descriptions of legal and administrative proceedings discussed therein. The Registrants' threshold for disclosing material environmental legal proceedings involving a governmental authority where potential monetary sanctions are involved is $1 million.

The opening of Item 3, Legal Proceedings.8

Sources

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    SEC EDGAROther events
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