CLAIM #53952 · Southern Company (SO) · 2022Q3 earnings call · Oct 27, 2022 · due Feb 28, 2023
“And what we are also likely to do in February is we will narrow that $4 to $4.30 based on what we see at the time.”
Dan Tucker · CFO
In context
“'ve had this 4.15% marker out there for 2024. I think on previous calls, you kind of talked about bridging the gap to that 4.15, but you have the ROE penalty, maybe some potential higher financing costs. Your sales commentary seems pretty strong, and you also have new rates at Georgia Power. So just any other considerations to be thinking of? Tom Fanning: Yes. And not to pick at your question, but all we've ever said about 2024 is $4 to $4.30. I think you were just picking the midpoint. Our range has always been $4 to $4. 30. We put that in place some years ago. Dan? Dan Tucker: Yes. And Nick, we're not going to change course here. We always provide our annual guidance on our fourth quarter call. So we'll do that again here in February and put our 2023 number out there for the first time. And what we are also likely to do in February is we will narrow that $4 to $4.30 based on what we see at the time. One of the important factors and uncertainties that existed three years ago when we put that in place, was knowing we'd have another Georgia Power rate case, and then, of course, everything else that has transpired in those three years. So once we get past that, we'll be positioned to narrow that down. Nick Campanella: That's helpful. And yes, I was just picking the midpoint, but understood for the $4.30. I guess just on the sales growth, your kind of commentary on the economy and your current footprint was notable and just we've seen some of your peers starting to revise longer-term sales load higher. Just how are you kind of thinking about that as we prepare for more of a longer-term update in the fourth quarter call? Tom Fanning: Yes. I don't know whether you saw my saying on CNBC this”
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SEC filings for SO ↗ · Claim quote is verbatim from the 2022Q3 earnings call.