Summary
Southern Company is an electric and gas utility and wholesaler with nine million customers and 41,000 megawatts of generating capacity. Electric customers are primarily located in Mississippi, Alabama, and Georgia. Its gas utilities provide distribution and wholesale gas services to about 4.4 million regulated customers with operations in Georgia, Tennessee, Illinois, and Virginia. The company also offers digital wireless and fiber-optic services.
In 2024, electric revenues accounted for about 80% of consolidated revenues, of which retail electricity accounted for about 65%. Its largest utility, Georgia Power, accounted for about 40% of 2024 revenue. The company also reports fuel and non-fuel retail electric revenues for reporting purposes.
SO’s 2023 fuel mix is 52% gas, 17% coal, 17% nuclear, and 14% renewables. It is working to achieve net-zero greenhouse-gas emissions by 2050, later than peers without coal generation. The company has faced rising costs and pandemic delays with these reactors – the first U.S. nuclear units built in the last 30 yea
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