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CLAIM #54047 · Southern Company (SO) · 2023Q3 earnings call · Nov 2, 2023 · due Dec 31, 2026

I think as we lay out the plan and what the needs are, probably in the '26 time frame, I think, we'll see some of this play out could be as late as '25.

Christopher Womack · CEO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Weather-normalized retail electric sales growth (year-over-year %)

It came true if: Weather-normalized sales growth turns positive and trends toward upper-single-digit levels by late 2025 to 2026

Where: Company-disclosed weather-normalized sales data (10-K/10-Q or quarterly earnings materials)

In context

erest rate sensitivity. And we're not interest rate forecasters. We're just basically using kind of public forecasts that are out there in terms of our planning. Shar Pourreza: Okay. Perfect. That was all I had. I appreciate it. Thanks for the color and see you about in a week. Operator: Our next question is coming from the line of David Arcaro with Morgan Stanley. Please go ahead. David Arcaro: Maybe starting on the load growth side of things first. When do you think you'll start to see that coming through in the quarter? I guess, the actual weather-normal sales were down over the last 12 months kind of a similar experience. So when do you think that inflection kind of comes to start to point the underlying electric load growth getting towards that upper single-digit level? Chris Womack: I think as we lay out the plan and what the needs are, probably in the '26 time frame, I think, we'll see some of this play out could be as late as '25. I mean as plants begin and they've got to be constructed. They've got to go online. So yes, we look at late '25, the early '26 time frame. I think before you will see this kind of show up in those increased sales? Dan Tucker: Yes. When you hear us talk about economic development activity and announcements, Dave, typically, that is three, four, five years from announcement time for facilities to get built, to get staffed to get trained and operating at a capacity that's meaningful to our load. David Arcaro: Yes, got it. That's helpful color and context there. And then -- was just wondering if you could maybe elaborate a little bit on the pump issue on Unit 4. Does this look -- are there any indications that it could be a design issue with the pumps has this happened at other AP1000 units?

Verify independently

SEC filings for SO · Claim quote is verbatim from the 2023Q3 earnings call.