Georgia Power placed Unit 4 in service on April 29, 2024, and continues to integrate it into operations. The company also recorded a pre-tax credit to income of approximately $21 million related to the estimated probable loss on Plant Vogtle Units 3 and 4.

The FERC approved five affiliate PPAs with Southern Power with capacities of 1,258 MWs beginning in 2024, 380 MWs beginning in 2025, and 228 MWs beginning in 2028, procured through requests for proposals authorized in the 2019 IRP.

Mississippi Power filed its 2024 IRP with the Mississippi PSC. The filing includes a schedule to retire Plant Watson Unit 4 and Plant Greene County Units 1 and 2 by the end of 2028, and to retire early Plant Daniel Units 1 and 2 by the end of 2028.

Other operations and maintenance expenses decreased to $1.41 billion for the three months ended June 30, 2024, compared to $1.49 billion for the same period in 2023, indicating improved operational efficiency.

Georgia Power's operating expenses decreased to $1.82 billion for the three months ended June 30, 2024, compared to $1.75 billion for the same period in 2023, indicating effective cost management despite ongoing Vogtle project.

Southern Company and its subsidiaries are investing in renewable energy projects and grid modernization initiatives, as evidenced by the new PPAs with Southern Power and ongoing infrastructure projects.

The company faces risks related to ongoing litigation and regulatory proceedings, particularly concerning the Kemper County energy facility and Plant Vogtle Units 3 and 4, as well as environmental regulations.

The company acknowledges the risk of increased competition in its markets, including from the development and deployment of alternative energy sources, which could impact future growth.

The company highlights the risk of cyber intrusion or physical attacks on its systems, which could have a direct or indirect effect on the Southern Company system's business.

The company continues to operate as a leading provider of electricity and natural gas in the Southeast, with a strong market position in its regulated utility businesses.

Southern Power is actively expanding its renewable energy portfolio and securing new PPAs, indicating a growing presence in the competitive wholesale market.

Southern Company Gas faces competition from other energy sources, and the ability of Southern Company Gas' gas marketing services business to capture value from locational and seasonal spreads.

Southern Company's operating expenses decreased to $4.52 billion for the three months ended June 30, 2024, compared to $4.46 billion for the same period in 2023, indicating effective cost management.

Georgia Power's operating expenses decreased to $1.82 billion for the three months ended June 30, 2024, compared to $1.75 billion for the same period in 2023, indicating effective cost management.

Mississippi Power's operating expenses decreased to $279 million for the three months ended June 30, 2024, compared to $260 million for the same period in 2023, indicating effective cost management.

Southern Company and its subsidiaries are investing in technology upgrades to improve grid reliability and efficiency, as evidenced by ongoing infrastructure projects.

Georgia Power is investing in technology upgrades to improve grid reliability and efficiency, as evidenced by ongoing infrastructure projects.

Southern Power is actively investing in renewable energy technologies, including solar and wind, to meet growing demand for clean energy.

Southern Company issued $2.3 billion in senior notes and borrowed $300 million pursuant to a short-term uncommitted bank credit arrangement, indicating a focus on debt financing to support operations and growth.

Georgia Power issued $1.4 billion in senior notes and borrowed $150 million pursuant to a short-term uncommitted bank credit arrangement, indicating a focus on debt financing to support operations and growth.

Mississippi Power issued $150 million in senior notes and borrowed $250 million pursuant to a short-term uncommitted bank credit arrangement, indicating a focus on debt financing to support operations and growth.

The company highlights its commitment to complying with environmental laws and regulations, including those related to coal combustion residuals and greenhouse gas emissions.

Georgia Power continues to integrate renewable energy sources into its generation mix, as evidenced by the approval of new PPAs and investments in battery energy storage.

Mississippi Power continues to focus on environmental compliance, as evidenced by the approval of its annual ECO Plan filing.

The company acknowledges the impact of global and U.S. economic conditions, including inflation and interest rate fluctuations, on its business.

The company acknowledges the impact of recent and future federal and state regulatory changes, including tax and environmental laws and regulations, on its business.

The company acknowledges the risk of increased competition in its markets, including from the development and deployment of alternative energy sources.