Overview
- IndustryElectric Services1
- HeadquartersAtlanta, Georgia1
- Business address30 Ivan Allen Jr. Blvd, Atlanta, Ga 303082
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When used in this Form 10-K, the following terms will have the meanings indicated.4 From its latest annual report
Corporate structure
SOUTHERN POWER CO is part of a group headed by Southern Company. 142 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 POWER CO Atlanta, Georgia
- Adobe Solar, LLC Subsidiary · Delaware, United States
- Alabama Property Company Subsidiary · Alabama, United States
- Apex Nevada Solar, LLC Subsidiary · Delaware, United States
- Atlanta Gas Light Company Subsidiary · Georgia, United States
- Beech Ridge Energy II Holdings, LLC Subsidiary · Delaware, United States
- Beech Ridge Energy II, LLC Subsidiary · Delaware, United States
- Bethel Wind Farm Class B Holdings LLC Subsidiary · Delaware, United States
- Bethel Wind Farm Holdings LLC Subsidiary · Delaware, United States
- Bethel Wind Farm LLC Subsidiary · Delaware, United States
- Blackwell Solar Holdings, LLC Subsidiary · Delaware, United States
- Blackwell Solar, LLC Subsidiary · Delaware, United States
- BNB Lamesa Solar, LLC Subsidiary · Delaware, United States
- Boulder Solar Power Parent, LLC Subsidiary · Delaware, United States
- Boulder Solar Power, LLC Subsidiary · Delaware, United States
- BSP Holding Company, LLC Subsidiary · Delaware, United States
- Cactus Flats Holdings, LLC Subsidiary · Delaware, United States
- Calipatria, LLC Subsidiary · Delaware, United States
- Campo Verde Solar, LLC Subsidiary · Delaware, United States
- Desert Stateline Holdings, LLC Subsidiary · Delaware, United States
- Desert Stateline, LLC Subsidiary · Delaware, United States
- Deuel Harvest Wind Energy Holdings, LLC Subsidiary · Delaware, United States
- Deuel Harvest Wind Energy, LLC Subsidiary · Delaware, United States
- Diamond State Generation Partners, LLC Subsidiary · Delaware, United States
- East Pecos Solar, LLC Subsidiary · Delaware, United States
- Evergreen Enterprise Holdings LLC Subsidiary · Georgia, United States
- and 87 more
- 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 listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.
What it owns
What SOUTHERN POWER CO 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, 2026.4
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Adobe Solar, LLC Delaware3
- Alabama Power Company Alabama3
- Alabama Property Company Alabama3
- Apex Nevada Solar, LLC Delaware3
- Atlanta Gas Light Company Georgia3
- BNB Lamesa Solar, LLC Delaware3
- BSP Holding Company, LLC Delaware3
- Beech Ridge Energy II Holdings, LLC Delaware3
- Beech Ridge Energy II, LLC Delaware3
- Bethel Wind Farm Class B Holdings LLC Delaware3
- Bethel Wind Farm Holdings LLC Delaware3
- Bethel Wind Farm LLC Delaware3
- Blackwell Solar Holdings, LLC Delaware3
- Blackwell Solar, LLC Delaware3
- Boulder Solar Power Parent, LLC Delaware3
- Boulder Solar Power, LLC Delaware3
- Cactus Flats Holdings, LLC Delaware3
- Calipatria, LLC Delaware3
- Campo Verde Solar, LLC Delaware3
- Desert Stateline Holdings, LLC Delaware3
- Desert Stateline, LLC Delaware3
- Deuel Harvest Wind Energy Holdings, LLC Delaware3
- Deuel Harvest Wind Energy, LLC Delaware3
- Diamond State Generation Partners, LLC Delaware3
All 118 listed subsidiaries
- East Pecos Solar, LLC Delaware3
- Evergreen Enterprise Holdings LLC Georgia3
- Georgia Natural Gas Company Georgia3
- Georgia Power Company Georgia3
- Glass Sands Wind Energy, LLC Delaware3
- Grant County Interconnect, LLC Delaware3
- Grant Plains Wind, LLC Delaware3
- Grant Wind, LLC Delaware3
- Granville Solar, LLC Delaware3
- Kay Wind, LLC Delaware3
- Lost Hills Blackwell Holdings, LLC Delaware3
- Lost Hills Solar Holdco, LLC Delaware3
- Lost Hills Solar, LLC Delaware3
- Macho Springs Solar 2, LLC Delaware3
- Macho Springs Solar, LLC Delaware3
- Millers Branch Solar, LLC Delaware3
- Mississippi Power Company Mississippi3
- Morelos Solar, LLC Delaware3
- NS Solar Holdings, LLC Delaware3
- North Star Solar, LLC Delaware3
- Northern Illinois Gas Company Illinois3
- Ottawa Acquisition LLC Illinois3
- Parrey Holding Company, LLC Delaware3
- Parrey Parent, LLC Delaware3
- Parrey, LLC Delaware3
- Passadumkeag Windpark, LLC Delaware3
- RE Garland A, LLC Delaware3
- RE Garland Holdings LLC Delaware3
- RE Garland, LLC Delaware3
- RE Gaskell West 1, LLC Delaware3
- RE Roserock Holdings, LLC Delaware3
- RE Roserock LLC Delaware3
- RE Silverlake Holdings, LLC Delaware3
- RE Tranquillity BAAH, LLC Delaware3
- RE Tranquillity Holdings, LLC Delaware3
- RE Tranquillity, LLC Delaware3
- Reading Wind Energy Class B Holdings, LLC Delaware3
- Reading Wind Energy Holdings, LLC Delaware3
- Reading Wind Energy, LLC Delaware3
- Rutherford Farm, LLC Delaware3
- SG2 Holdings, LLC Delaware3
- SG2 Imperial Valley LLC Delaware3
- SP Butler Solar Farm, LLC Delaware3
- SP Butler Solar, LLC Delaware3
- SP Cactus Flats Class B Holdings, LLC Delaware3
- SP Cactus Flats Wind Energy, LLC Delaware3
- SP Cimarron Capital, LLC Delaware3
- SP Cimarron I, LLC Delaware3
- SP Decatur County Solar, LLC Delaware3
- SP Decatur Parkway Solar, LLC Delaware3
- SP Deuel Harvest Wind Energy Class B Holdings, LLC Delaware3
- SP Deuel Harvest Wind Energy Holdings, LLC Delaware3
- SP Diamond State Class B Holdings, LLC Delaware3
- SP Garland Solar Storage, LLC Delaware3
- SP Gaskell West 1 Class B Holdings, LLC Delaware3
- SP Gaskell West 1 Holdings, LLC Delaware3
- SP Pawpaw Solar, LLC Delaware3
- SP Roserock Investment, Inc. Delaware3
- SP Sandhills Solar, LLC Delaware3
- SP Skookumchuck Holdings, LLC Delaware3
- SP Skookumchuck Investment, LLC Delaware3
- SP Skookumchuck Wind Energy Project, LLC Delaware3
- SP Solar Farms, LLC Delaware3
- SP Solar GP, Inc. Delaware3
- SP Solar Holdings I, LP Delaware3
- SP Solar Storage Class B Holdings, LLC Delaware3
- SP Solar Storage OpCo, LLC Delaware3
- SP TEP Class B Holdings I, Inc. Delaware3
- SP TEP Formations, Inc. Delaware3
- SP Tranquillity Solar Storage, LLC Delaware3
- SP Wildhorse Class B Holdings, LLC Delaware3
- SP Wildhorse Holdings, LLC Delaware3
- SP Wind Development Holdings, LLC Delaware3
- SP Wind Holdings II, LLC Delaware3
- Salt Fork Wind, LLC Delaware3
- South Cheyenne Solar, LLC Delaware3
- SouthStar Energy Services LLC Delaware3
- Southern Company Gas Georgia3
- Southern Company Gas Capital Corporation Alabama3
- Southern Company Gas Investments, Inc. Georgia3
- Southern Company Gas Pipeline Holdings LLC Georgia3
- Southern Electric Generating Company Alabama3
- Southern Power Company Delaware3
- Southern Renewable Energy, Inc. Delaware3
- Southern Renewable Partnerships, LLC Delaware3
- Spectrum Nevada Solar, LLC Delaware3
- The Southern Company Delaware3
- Tyler Bluff Wind Project, LLC Delaware3
- Virginia Natural Gas, Inc. Georgia3
- WWH LLC Delaware3
- Wake Wind Class B Holdings LLC Delaware3
- Wake Wind Energy LLC Delaware3
- Wake Wind Holdings LLC Delaware3
- Wildhorse Wind Energy, LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jul 30, 20268-K Results of operations5
- Jun 4, 20268-K Other events6
- Apr 30, 20268-K Results of operations7
- Feb 19, 20268-K Results of operations8
- Oct 30, 20258-K Results of operations9
- Sep 19, 20258-K Other events10
- Jul 31, 20258-K Results of operations11
- May 1, 20258-K Results of operations12
- Feb 20, 20258-K Results of operations13
- Oct 31, 20248-K Results of operations14
- Aug 1, 20248-K Results of operations15
- May 2, 20248-K Results of operations16
Calendar
Coming up
- Around Oct 29, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Jul 30, 2026Reported quarterly or annual results5
- Apr 30, 2026Reported quarterly or annual results7
- Feb 19, 2026Reported quarterly or annual results8
- Oct 30, 2025Reported quarterly or annual results9
- Jul 31, 2025Reported quarterly or annual results11
- May 1, 2025Reported quarterly or annual results12
- Feb 20, 2025Reported quarterly or annual results13
- Oct 31, 2024Reported quarterly or annual results14
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
60 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 22 major events, 18 other. The latest 20:
- Aug 19, 2026S-3ASR EDGAR
- Jul 30, 20268-K EDGAR
- Jul 30, 202610-Q EDGAR
- Jun 4, 20268-K EDGAR
- Jun 2, 2026424B2 EDGAR
- Jun 1, 2026FWP EDGAR
- Jun 1, 2026424B5 EDGAR
- Apr 30, 20268-K EDGAR
- Apr 30, 202610-Q EDGAR
- Feb 19, 20268-K EDGAR
- Feb 19, 202610-K EDGAR
- Oct 30, 20258-K EDGAR
- Oct 30, 202510-Q EDGAR
- Sep 19, 20258-K EDGAR
- Sep 17, 2025424B2 EDGAR
- Sep 17, 2025424B2 EDGAR
- Sep 16, 2025FWP EDGAR
- Sep 16, 2025FWP EDGAR
- Sep 16, 2025424B5 EDGAR
- Sep 16, 2025424B5 EDGAR
The 60 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 SOUTHERN POWER CO is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSOUTHERN POWER CO1
- CIK0001160661
- Employer ID (EIN)58-06900704
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Industry code (SIC)4911 Electric Services1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address30 Ivan Allen Jr. Blvd, Atlanta, GA 303081
- Phone40450650001
- 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, 20264
- Public float$101.0B as of Jun 30, 20254
- AuditorDeloitte & Touche LLP, Atlanta, Georgia PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceOct 11, 20011
- Filings353 in all: 8-K (139), 10-Q (72), 10-K (24), 424B2 (18), UPLOAD (18), FWP (17), 424B5 (16), CORRESP (15)1
All 21 form types
EFFECT (7), S-3 (7), U-1/A (3), 25-NSE (2), 424B3 (2), CT ORDER (2), S-3/A (2), S-3ASR (2), S-4 (2), U-1 (2), 8-A12B (1), CERTNYS (1), U-12-IB (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
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $5 per share | SO | New York Stock Exchange |
| Series 2017B 5.25% Junior Subordinated Notes due 2077 | SOJC | NYSE |
| Series 2020A 4.95% Junior Subordinated Notes due 2080 | SOJD | NYSE |
| Series 2020C 4.20% Junior Subordinated Notes due 2060 | SOJE | NYSE |
| Series 2021B 1.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2081 | SO 81 | NYSE |
| Series 2025A 6.50% Junior Subordinated Notes due 2085 | SOJF | NYSE |
| 2025 Series A Corporate Units | SOMN | NYSE |
| Series 2017A 5.00% Junior Subordinated Notes due 2077 | GPJA | NYSE |
| Series 2016B 1.850% Senior Notes due 2026 | SO/26A | NYSE |
From the cover page of the 10-K filed Feb 19, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks SOUTHERN POWER CO names in Item 1A of its 10-K filed Feb 19, 2026: 29 risks under these headings, as written.4
- 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.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5SEC EDGARResults of operations
- 6SEC EDGAROther events
- 7SEC EDGARResults of operations
- 8SEC EDGARResults of operations
- 9SEC EDGARResults of operations
- 10SEC EDGAROther events
- 11SEC EDGARResults of operations
- 12SEC EDGARResults of operations
- 13SEC EDGARResults of operations
- 14SEC EDGARResults of operations
- 15SEC EDGARResults of operations
- 16SEC EDGARResults of operations