Table of Contents
Table of Contents 2
List of Tables 4
Company Snapshot 7
Key Information 7
Company Overview 7
SWOT Snapshot 7
Operational Metrics 8
Southern Co, Operational Metrics, By Capacity 8
Southern Co, Operational Metrics, By Generation 8
Southern Co, Operational Metrics, By Segmental Information 8
Southern Co, Operational Metrics, By Sales 9
Southern Co, Wind Farms 10
Southern Co, Wind Farms, United States 10
Southern Co, Solar PV Parks 13
Southern Co, Solar PV Parks, United States 13
Southern Co, Hydro Power Plants 23
Southern Co, Hydro Power Plants, United States 23
Southern Co, Biopower Plants 25
Southern Co, Biopower Plants, United States 25
Southern Co, Thermal Power Plants 27
Southern Co, Thermal Power Plants, United States 27
Southern Co, Commercial Reactors 33
Southern Co, Commercial Reactors, United States 33
Business Description 35
Business Overview 35
All Other 35
Southern Company Gas 35
Southern Power Business 35
Traditional Electric Operating Companies 36
Major Products and Services 37
History 38
SWOT Analysis 48
Overview 48
Southern Co Strengths 48
Southern Co Weaknesses 49
Southern Co Opportunities 49
Southern Co Threats 49
Financial Ratios – Capital Market Ratios 51
Financial Ratios – Annual Ratios 51
Financial Ratios – Interim Ratios 53
Key Employees 54
Key Employee Biographies 56
Company Statement 57
Locations And Subsidiaries 60
Head Office 60
Other Locations & Subsidiaries 60
Financial Deals Landscape 61
Southern Co, Deals Summary 61
Southern Co, Power, Deal Details 65
Asset Transactions 65
Venture Financing 106
Partnerships 108
Equity Offering 112
Debt Offering 124
Asset Transactions 239
Acquisition 241
Recent Developments 253
Southern Co – Recent Developments 253
Appendix 407
Report Scope 407
GlobalData Coverage 407
GlobalData’s Methodology 407
Contact Us 408
Disclaimer 408
Southern Co, Key Facts 17
Southern Co, Operational Metrics, Capacity 18
Southern Co, Operational Metrics, Generation 18
Southern Co, Operational Metrics, Segmental Information 18
Southern Co, Operational Metrics, Sales 19
Southern Co, Wind Farms, United States 20
Southern Co, Solar PV Parks, United States 23
Southern Co, Hydro Power Plants, United States 33
Southern Co, Biopower Plants, United States 35
Southern Co, Thermal Power Plants, United States 37
Southern Co, Commercial Reactors, United States 43
Major Products and Services 47
Southern Co, SWOT Analysis 58
Southern Co, Ratios based on current share price 61
Southern Co, Annual Ratios 61
Southern Co, Interim Ratios 63
Southern Co, Key Employees 64
Southern Co, Subsidiaries 70
Southern Co, Deals Summary 71
Southern Power Acquires Wildhorse Mountain Wind Farm Project in Oklahoma, US from Renewable Energy Systems Americas and Vestas 75
Southern Power Acquires Gaskell West 1 Solar Facility in California, US from Recurrent Energy 77
Southern Power Acquires Cactus Flats Wind Facility in Texas, US from Renewable Energy Systems 78
Southern Power Acquires Bethel Wind Energy Center in Texas, US from Invenergy Services 79
Southern Power Acquires Controlling Interest in Boulder Solar I Facility in Nevada, US from SunPower 80
Southern Power Completes Acquisition of 90.1% Stake in Wake Wind Energy Center in Texas, US from Invenergy Wind for USD469 Million 81
Southern Power Acquires Mankato Energy Center in Minnesota, US from Calpine 82
Southern Power and Turner Renewable Energy Acquire Rutherford Solar Facility in North Carolina, US from Cypress Creek Renewables 83
Southern Power Acquires Lamesa Solar Project in Texas, US from RES America Developments 84
Southern Power Acquires Majority Stake in Henrietta Solar Project in California, US from SunPower 85
Southern Power Acquires Passadumkeag Wind Farm in Penobscot County, Maine, US from Quantum Utility 86
Southern Power Acquires 51% Stake in Tranquillity Solar Power Project in California, US from Recurrent Energy 87
Southern Power Acquires Butler Solar Farm in Georgia, US from Strata Solar 88
Centaurus Renewable and Alabama Power Invest USD140 Million in Alabama Solar A project in Chambers County, Texas, US 89
Georgia Power to Invest USD200 Million in Solar Power Plant in Georgia, US 90
Southern Power Acquires Grant Plains Wind Farm in Oklahoma, US from Apex Clean Energy 91
Georgia Power Invests USD75 Million in Solar Power Plant in Fort Benning, US 92
Georgia Power to Invest USD75 Million in MCLB Albany Solar Power Project in Georgia, US 93
Southern Power Acquires East Pecos Solar Facility in Texas, US from First Solar 94
Southern Power and Turner Renewable Energy Acquire Calipatria Solar Facility in California, US from Solar Frontier Americas 95
Southern Power Acquires 51% Stake in Garland Solar Power Project in Kern, California, US from Recurrent Energy 96
Southern Power Company to Acquire 51% Stake in Roserock Solar Power Plant in Texas, US from Recurrent Energy 97
Southern Power and Turner Renewable Energy Acquire Morelos del Sol Solar Power Plant in California, US from Solar Frontier Americas 98
Southern Power to Acquire Grant Wind Farm in Oklahoma, US from Apex Clean Energy 99
Department of the Navy and Georgia Power to Invest USD75 Million in Subase Kings Bay Solar Power Plant in Georgia, US 100
Southern Power Acquires Pawpaw Solar Power Plant in Georgia, US from Longview Solar 101
Southern Power Acquires Butler Solar Power Plant in Georgia, US, from Community Energy 102
Georgia Power to Invest USD225 Million in Three Solar Power Plants in Georgia, US 103
Southern Power Acquires Majority Stake in North Star Solar Facility in California, US from First Solar 104
Southern Power Acquires Lost Hills-Blackwell Solar Power Plant in California, US from First Solar 105
Southern Power Acquires Decatur Parkway Solar Power Project in Georgia, US from TradeWind Energy 106
Southern Power Acquires Decatur County Solar Power Project in Georgia, US from TradeWind Energy 107
Southern Power Acquires Solar Gen 2 Solar Power Plant in California, US from First Solar 108
Southern Power And Turner Renewable Energy Completes Acquisition Of Adobe Solar Plant From SunEdison In California 109
Southern Power And Turner Renewable Energy Acquire Campo Verde Solar Project From First Solar In California, US 110
First Solar And Southern Company Acquire Granville Solar Power Plant In North Carolina, US 111
Southern Company And First Solar Acquire Spectrum Solar Project In Nevada, US 112
Southern Company And First Solar Electric Acquire Apex Solar Project From SunEdison In Nevada, US 113
Georgia Power And SD&D To Invest US$60 Million Solar Power Projects In Georgia, US 114
Mississippi Power Company Receives Grant of USD245 Million for Coal Gasification Combined Cycle Project in Kemper County, US 115
Advanced Microgrid Solutions Raises USD34 Million in Series B Round of Financing 116
Southern Power Forms Partnership with Wartsila 118
Southern Power to Form Partnership with Renewable Energy Systems Americas 119
Mississippi Power to Form Partnership with Strata Solar to Develop Solar Power Plant in Hattiesburg, Mississippi, US 120
Mississippi Power to Form Partnership with Hannah Solar and US Navy to Develop Solar Power Plant in Mississippi, US 121
Southern Company Files Shelf Registration Statement for Public Offering of Securities 122
Alabama Power Prices Public offering of Preferred Shares for USD250 Million 124
Gulf Power Raises USD175 Million in Private Placement of Shares 126
Southern Company Raises USD1.6 Billion in Public Offering of Shares 127
Southern Company Raises USD889 Million in Public Offering of Shares 129
Southern Company Files Prospectus for Public Offering of Shares 131
Gulf Power Completes Public Offering Of Preference Shares For US$50 Million 132
Alabama Power Prices Public Offering of 4.3% Series 2018A Notes Due 2048 for USD500 Million 134
Mississippi Power Raises USD300 Million Public Offering of 3.95% Series 2018B Notes Due 2028 136
Mississippi Power Raises USD300 Million in Public Offering of Series 2018A Notes Due 2020 138
Alabama Power Prices Public Offering of 3.7% Series 2017B Notes Due 2047 for USD550 Million 140
Georgia Power Raises USD270 Million in Public Offering of 5% Series 2017A Notes Due 2077 142
Georgia Power Prices Public Offering of 2% Series 2017C Notes Due 2020 for USD500 Million 144
Southern Company Raises USD500 Million in Public Offering of 5.325% Bonds Due 2057 146
Gulf Power Prices Public Offering of 3.3% Series 2017A Notes Due 2027 for USD300 Million 147
Georgia Power Prices Public Offering of 2% Series 2017A Notes Due 2020 for USD450 Million 149
Georgia Power Prices Public Offering of 3.25% Series 2017B Notes Due 2027 for USD400 Million 151
Alabama Power Prices Public Offering of 2.45% Series 2017A Notes Due 2022 for USD550 Million 153
Southern Company Raises USD550 Million in Public Offering of Series 2016B Notes Due 2057 155
Southern Power Raises USD300 Million in Public Offering of 2.5% Notes Due 2021 157
Southern Power Raises USD400 Million in Public Offering of 4.95% Notes Due 2046 159
Southern Power Raises USD600 Million in Public Offering of 1.95% Notes Due 2019 161
Southern Company Raises USD800 Million in Public Offering of 5.25% Series 2016-A Notes Due 2076 163
Southern Power Raises USD562.5 Million in Public Offering of 1.85% Series 2016-B Notes Due 2026 165
Southern Power Raises USD675 Million in Public Offering of 1% Series 2016-A Notes Due 2022 167
Southern Company Raises USD500 Million in Public Offering of 1.55% Senior Notes due 2018 169
Southern Company Raises USD1 Billion in Public Offering of 1.85% Senior Notes due 2019 171
Southern Company Raises USD1.5 Billion in Public Offering of 2.35% Senior Notes due 2021 173
Southern Company Raises USD1.25 Billion in Public Offering of 2.95% Senior Notes due 2023 175
Southern Company Raises USD1.75 Billion in Public Offering of 3.25% Senior Notes due 2026 177
Southern Company Raises USD500 Million in Public Offering of 4.25% Senior Notes due 2036 179
Southern Company Raises USD2 Billion in Public Offering of 4.4% Senior Notes due 2046 181
Georgia Power Raises USD325 Million in Public Offering of 2.4% Notes Due 2021 183
Georgia Power Raises USD325 Million in Public Offering of 3.25% Notes Due 2026 185
Alabama Power Raises USD400 Million in Public Offering of 4.3% Notes Due 2046 187
Georgia Power Raises USD500 Million in Public Offering of 1.95% Notes Due 2018 189
Southern Power Raises USD500 Million in Public Offering of 1.85% Notes Due 2017 191
Southern Power Raises USD500 Million in Public Offering of 4.15% Notes Due 2025 193
Southern Company Raises USD1 Billion in Public Offering of 6.25% Notes Due 2075 195
Southern Company Raises USD600 Million in Public Offering of 2.75% Notes Due 2020 197
Southern Power Raises USD350 Million in Public Offering of 1.5% Senior Notes Due 2018 199
Southern Power Raises USD300 Million in Public Offering of 2.375% Senior Notes Due 2020 201
Alabama Power Raises USD250 Million in Public Offering of 2.8% Notes Due 2025 203
Alabama Power Raises USD175 Million in Public Offering of 3.75% Notes Due 2045 205
Alabama Power Raises USD550 Million in Public Offering of 3.75% 2015A Series Senior Notes Due 2045 207
Gulf Power Prices Public Offering of 4.55% Notes Due 2044 for USD200 Million 209
Southern Company Raises USD400 Million in Public Offering of 1.3% Notes Due 2017 211
Southern Company Raises USD350 Million in Public Offering of 2.15% Notes Due 2019 213
Alabama Power Raises USD300 Million in Public Offering of 3.55% Notes Due 2023 215
Southern Company Raises USD500 Million in Public Offering of 2.45% Notes Due 2018 217
Georgia Power Raises USD200 Million in Public Offering of Series 2013C Floating Rate Senior Notes Due 2016 219
Southern Power Raises USD300 Million in Public Offering of 5.25% Notes Due 2043 221
Gulf Power Completes Public Offering Of 5% Notes Due 2043 For US$90 Million 223
AGL Resources Announces Public Offering Of 4.4% Notes Due 2043 For US$500 Million 225
Georgia Power Raises USD400 Million in Public Offering of 4.3% Notes Due 2043 227
Georgia Power Raises USD250 Million in Public Offering of Series 2013B Floating Rate Senior Notes Due 2016 229
Alabama Power Completes Public Offering Of 3.85% Notes Due 2042 For US$350 Million 231
Georgia Power Raises USD400 Million in Public Offering of 0.625% Notes Due 2015 233
Alabama Power Completes Public Offering Of 0.55% Notes Due 2015 For US$400 Million 235
Mississippi Power Completes Public Offering Of 4.25% Senior Notes Due 2042 For US$200 Million 237
Georgia Power Completes Public Offering Of 0.75% Notes Due 2015 For US$400 Million 239
Georgia Power Completes Public Offering Of 2.85% Series 2012B Notes Due 2022 For US$400 Million 241
Georgia Power Completes Public Offering Of 4.3% Series 2012A Notes Due 2042 For US$350 Million 242
Gulf Power Completes Public Offering Of 3.1% Senior Notes For US$100 Million 243
Mississippi Power Completes Public Offering of 4.25% Notes Due 2042 For US$250 Million 244
Mississippi Power Completes Public Offering Of 2.35% Series 2011A Notes Due 2016 For US$150 Million 245
Georgia Power Completes Public Offering Of 4.3% Series 2012A Notes Due 2042 For US$750 Million 246
Alabama Power Completes Public Offering Of 4.1% Notes Due 2042 For US$250 Million 248
Global Atlantic Financial Group to Acquire 33% Interest in Portfolio of Solar Projects in The US from Souther Power for USD1.17 Billion 249
American Water Works Completes Acquisition of Pivotal Home Solutions from Southern Company Gas for USD363.7 Million 251
NextEra Energy to Acquire Gulf Power, Florida City Gas and Certain Florida Based Power Generating Assets from Southern Co for USD6.47 Billion 253
Southern Company Completes Acquisition of AGL Resources for USD8 Billion 256
Southern Company Acquires PowerSecure International for USD425 Million 259
Integrys Energy Services Acquires Compass Energy Services From AGL Resources 261
