Southern Company Boosts Capital Plan
Southern Company (NYSE:SO) reported its second quarter 2025 earnings on July 31, 2025, announcing a $13 billion increase in its five-year base capital plan to $76 billion. The company highlighted approximately 10 gigawatts (GW) of new generation requests under review as of the second quarter of 2025.
Additionally, management announced a potential $5 billion further in capital investment through 2029, and disciplined funding actions to support a 17% FFO-to-debt target in the latter part of the forecast horizon. Key strategic milestones and updated forward guidance signal enhanced long-term visibility and risk-adjusted investment opportunities.
Georgia Power reached a unique settlement extending its alternate rate plan, nullifying the need for a 2025 base rate case filing and anchoring regulatory predictability for the next three years. This agreement establishes customer affordability while enabling the company to proceed with aggressive long-term capital deployment within a stable regulatory environment.
Source Fool.com
