On October 24, 2024, Alabama Power entered into an agreement to acquire all of the equity interests in Tenaska Alabama Partners, L.P., which owns and operates Lindsay Hill Generating Station, an approximately 855-MW combined cycle generation facility. The acquisition is expected to close by the end of the third quarter 2025.

On April 16, 2024, the Georgia PSC approved Georgia Power's updated IRP (2023 IRP Update) which includes the authority to develop, own, and operate up to 1,400 MWs from three simple cycle combustion turbines at Plant Yates and up to 500 MWs of battery energy storage facilities.

During the nine months ended September 30, 2024, Southern Power completed construction of and placed in service the 150-MW South Cheyenne solar facility. In addition, Southern Power continued construction of the 200-MW first phase, the 180-MW second phase, and the 90-MW third phase of the Millers Branch solar facility.

Georgia Power placed Plant Vogtle Units 3 and 4 in service on July 31, 2023 and April 29, 2024, respectively. The project's remaining costs are being recovered through retail rates.

Following Unit 4's in-service date, Southern Nuclear evaluated the remaining expected site demobilization costs and other contractor obligations and reduced the remaining estimate to complete forecast by approximately $21 million, resulting in a pre-tax credit to income of approximately $21 million.

On October 25, 2024, Mississippi Power filed an updated depreciation study with the Mississippi PSC requesting an $11 million increase in total annual depreciation.

A civil action alleges violations of the False Claims Act by fraudulently inducing the DOE to disburse funds pursuant to grants related to the Kemper County energy facility. The plaintiff seeks to recover damages incurred personally and on behalf of the federal government. The defendants have asserted counterclaims for conversion and misappropriation of trade secrets.

Mobile Baykeeper filed a citizen suit alleging that Alabama Power's plan to close the Plant Barry surface impoundment violates the Resource Conservation and Recovery Act. The plaintiff has appealed the dismissal of the case.

Multiple complaints were filed against Georgia Power alleging that releases from Plant Scherer have impacted groundwater and air, resulting in alleged personal injuries and property damage. The plaintiffs seek an unspecified amount of monetary damages.

The traditional electric operating companies face competition from the development and deployment of alternative energy sources. Variations in demand for electricity and natural gas also impact market share dynamics.

Southern Power faces competition in the wholesale market from various sources, including the development and deployment of alternative energy sources. The entry of additional competition could impact Southern Power's ability to compete.

Southern Company Gas faces competition from other energy sources and policies designed to promote electrification, which may impact its long-term competitive position.

The Registrants continue to focus on several key performance indicators, including customer satisfaction, plant availability, electric and natural gas system reliability, and execution of major construction projects. Southern Company Gas also continues to focus on several operating metrics, including Heating Degree Days, customer count, and volumes of natural gas sold.

Georgia Power is implementing cost optimization initiatives to manage costs and avoid cost overruns during the development, construction, and operation of facilities or other projects.

Mississippi Power is focused on controlling costs and avoiding cost and schedule overruns during the development, construction, and operation of facilities or other projects.

The Registrants are investing in low-to-no carbon energy and battery energy storage technologies, as well as negative carbon concepts. These investments are intended to meet future energy needs and environmental requirements.

Southern Company Gas is exploring new technologies to improve its infrastructure and reduce emissions, including the use of advanced materials and digital technologies.

Georgia Power is implementing advanced nuclear technology at Plant Vogtle Units 3 and 4, which are expected to provide reliable, low-carbon energy for decades to come.

The Registrants are focusing on investments in infrastructure projects, including new electric generating facilities, transmission and distribution systems, and natural gas distribution systems.

The Registrants are issuing debt to fund their capital expenditures, including senior notes, first mortgage bonds, and short-term borrowings.

The Registrants are paying common stock dividends to their shareholders. The dividend rate for Southern Company's common stock was $0.72 per share for the third quarter 2024.

The Registrants are committed to complying with environmental laws and regulations, including those related to air quality, water quality, and coal combustion residuals. They are also investing in renewable energy and other low-carbon technologies.

The Registrants are focused on maintaining a safe and reliable energy system, including investing in infrastructure upgrades and implementing safety programs.

The Registrants are committed to social responsibility, including supporting their communities and providing affordable energy to their customers.

The Registrants are impacted by inflation and rising interest rates, which can increase their operating costs and financing costs. They are also impacted by fluctuations in commodity prices, which can affect their fuel costs.

The Registrants are subject to regulation by state and federal regulatory agencies, which can impact their ability to recover costs and earn a return on investment. Changes in regulations can also impact their operations and compliance costs.

The Registrants are exposed to geopolitical risks, including the potential for disruptions in energy supplies and changes in global economic conditions. These risks can impact their operations and financial performance.