MAAT INDEX

CLAIM #54173 · Southern Company (SO) · 2024Q4 earnings call · Feb 20, 2025 · due Dec 31, 2025

I will say what you'll see in 2025 is a little bit of, I don't know, flattish kind of trend in the FFO to debt and it's -- and again, from that adjusted number that you mentioned, David, that's the right place to start.

Dan Tucker · CFO

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graded after results covering Dec 31, 2025 are reported

In context

that we have. Dan Tucker: And we're doing the exact same thing, Dave, with EPC providers. David Arcaro: Okay. Excellent. And let me see, Dan, I was curious, just looking at FFO to debt in the path here, 15.5% when you exclude the storm impact, could you talk about the trajectory when you'd be aiming for that 17% FFO to debt level and kind of describe the path to get there from here? Dan Tucker: Yes, absolutely, Dave. Look, I'd characterize it, particularly with our base forecast kind of the middle to late part of our 5-year horizon is certainly reasonable and achievable. And again, I mentioned if we have this increased capital need, the objective doesn't change, but we're going to take a measured approach as to how we get there. I think back half of the plan is still perfectly reasonable. I will say what you'll see in 2025 is a little bit of, I don't know, flattish kind of trend in the FFO to debt and it's -- and again, from that adjusted number that you mentioned, David, that's the right place to start. And that's really attributable to the same thing. It's the fact that there will be some lag in the storm cost getting addressed, and it's unlikely they'll begin to get recovered in 2025. Operator: Our next question comes from Jeremy Tonet with JPMorgan Chase. Please proceed with your question. Jeremy Tonet: A lot of growth coming through there. And maybe just want to peel back a little bit more on Alabama in Mississippi there. I think you talked about data centers, a bit of growth there. But just wondering I guess, if you could provide a bit more color on what you're seeing there, what could the upside be there over time? It seems like these states are Mississippi in particular, is really kind of pursuing some of growth more aggressively than others? And just any other thoughts would be h

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SEC filings for SO · Claim quote is verbatim from the 2024Q4 earnings call.