“This plan, which is consistent with our updated capital investment plan and the potential capital investment opportunities that we have highlighted continues to assume no equity need over our five-year planning horizon.”

In context

“an with approximately $500 million in 2023 and $750 million annually for the remainder of the forecast period. These allocations of capital are not included in our base capital forecast. Our financial plan is anchored to our base capital forecast of $43 billion. As I have already suggested, we believe upside potential exists in our state-regulated subsidiary forecast and our Southern Power allocation, which, if realized, would result in total spend of over $46 billion. We also continue to believe many of the same drivers for additional potential investment over the next five years could translate to investment opportunities beyond 2027, as we continue our journey to achieve net zero greenhouse gas emissions. We've included a three year financing plan in the appendix to today's slide deck. This plan, which is consistent with our updated capital investment plan and the potential capital investment opportunities that we have highlighted continues to assume no equity need over our five-year planning horizon. As always, we will maintain our discipline and the flexibility to use all the financing tools at our disposal to drive value for shareholders. Credit quality and strong investment-grade credit ratings remain a top priority and we continue to believe that to be a high-quality equity investment, a company must maintain a strong credit profile. As we complete Plant Vogtle Units 3 and 4, we believe the expected reduction in construction risk and the projected improvement in FFO to debt metrics further position us to support our credit quality objectives. Tom, I will now turn the call back over to you. Tom Fanning: Thank you, Dan. Southern Company strives to deliver superior risk-adjusted total shareholder returns, and I believe the plan we've laid out will support that objective. Our customer”