Georgia Power placed Plant Vogtle Units 3 and 4 in service on July 31, 2023 and April 29, 2024, respectively. This represents a significant milestone in the company's long-term growth strategy and transition to cleaner energy sources.

Southern Power continued the development project to repower 200 MWs of the 299-MW Kay Wind facility and continues construction of the Millers Branch solar facility. This highlights the company's commitment to expanding its renewable energy portfolio.

Mississippi Power entered into an agreement with FP&L to acquire FP&L's 50% ownership interest in Plant Daniel Units 1 and 2. This acquisition will increase Mississippi Power's generating capacity and strategic assets.

Southern Company increased operating revenues by 17% while operating expenses increased by 16.6%. This shows that management is successfully managing costs while growing the business.

Southern Company Gas' net income increased even though there was a decrease in expenses. This shows that management is successfully managing costs while growing the business.

The Registrants are involved in various matters being litigated and regulatory matters. The ultimate outcome of such pending or potential litigation or regulatory matters against each Registrant and any subsidiaries cannot be determined at this time.

The document mentions ongoing litigation regarding the 2015 Ozone NAAQS Good Neighbor federal implementation plan (FIP) and the 2024 ELG Rule litigation. The ultimate impact of these matters cannot be determined, but they may result in significant compliance costs.

The U.S. District Court for the Northern District of Georgia unsealed a civil action in which defendants Southern Company, SCS, and Mississippi Power are alleged to have violated certain provisions of the False Claims Act. An adverse outcome could have a material impact on Southern Company's and Mississippi Power's financial statements.

On March 31, 2025, the Mississippi Department of Revenue (Mississippi DOR) completed an audit of sales and use taxes paid by Mississippi Power from October 2019 to July 2024 and entered a final assessment, indicating a total amount due of $29 million, including associated penalties and interest.

The effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate, including from the development and deployment of alternative energy sources. The company must continue to innovate and provide value to customers to compete effectively.

Southern Power continued the development project to repower 200 MWs of the 299-MW Kay Wind facility and continues construction of the Millers Branch solar facility. This highlights the company's commitment to expanding its renewable energy portfolio, which could improve its competitive position in the long term.

The effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate, including from the development and deployment of alternative energy sources. The company must continue to innovate and provide value to customers to compete effectively.

Fuel and purchased power expenses increased significantly, indicating potential challenges in managing fuel costs. This could impact profitability if not effectively managed.

Other operations and maintenance expenses increased, indicating potential inefficiencies or increased investment in maintenance activities. Further analysis is needed to determine the cause and whether it is a positive or negative development.

Southern Company Gas' net income increased even though there was a decrease in expenses. This shows that management is successfully managing costs while growing the business.

Georgia Power continues construction of Plant Vogtle Units 3 and 4, which are new nuclear power plants. This shows a commitment to investing in new technologies to provide electricity.

Southern Power continues the development project to repower 200 MWs of the 299-MW Kay Wind facility and continues construction of the Millers Branch solar facility. This highlights the company's commitment to investing in renewable energy.

The Registrants are involved in various matters being litigated and regulatory matters. The ultimate outcome of such pending or potential litigation or regulatory matters against each Registrant and any subsidiaries cannot be determined at this time.

Georgia Power continues construction of Plant Vogtle Units 3 and 4, Southern Power continues development of renewable energy projects, and Mississippi Power to acquire FP&L's interest in Plant Daniel Units 1 and 2. This shows a commitment to investing in new projects.

Southern Company issued $565 million aggregate principal amount of Series 2025A 6.50% Junior Subordinated Notes due March 15, 2085. This shows the company's ability to raise capital.

Southern Company's common stock dividend for the first quarter 2025 was $0.72 per share compared to $0.70 per share in the first quarter 2024. This shows a commitment to returning capital to shareholders.

Georgia Power continues construction of Plant Vogtle Units 3 and 4, which are new nuclear power plants. This shows a commitment to investing in cleaner energy sources.

Southern Power continues the development project to repower 200 MWs of the 299-MW Kay Wind facility and continues construction of the Millers Branch solar facility. This highlights the company's commitment to investing in renewable energy.

Mobile Baykeeper filed a citizen suit alleging that Alabama Power's plan to close the Plant Barry surface impoundment utilizing a closure-in-place methodology violates the Resource Conservation and Recovery Act (RCRA). This shows a potential risk to the company's environmental compliance.

Significant changes in fiscal, monetary, or trade policies could disrupt anticipated economic outlooks. This uncertainty in economic growth, interest rates, tariffs, and inflation could impact customer demand for energy, access to capital markets, and the cost of doing business.

The shifting economic policy variables and weakening of historic relationships among economic activity, prices, and employment have increased the uncertainty of future levels of economic activity, which will directly impact future energy demand and operating costs.

The Registrants are exposed to fuel, labor, and material prices in an environment of heightened inflation and material and labor supply chain disruptions. This could increase costs and impact profitability.