MAAT INDEX

CLAIM #54185 · Southern Company (SO) · 2025Q1 earnings call · May 1, 2025 · due Dec 31, 2027

All else being equal, this potential incremental capital and continued economic development momentum are key to supporting our potential reevaluation of the base for our long-term EPS growth as early as 2027.

Dan Tucker · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
potential reevaluation of the base for our long-term EPS growth as early as 2027
Reported
average annual adjusted earnings growth profile of 8% from the 2026 guidance midpoint to 2030

How to check this claim

Look at: Company-disclosed long-term EPS growth rate base/guidance (annual growth rate off which future EPS targets are set)

It came true if: Company announces a revised/reevaluated long-term EPS growth base (i.e., a new stated growth rate or new base year) by year-end 2027, compared to the growth base in effect as of this call

Where: Company earnings calls and investor presentations (Southern Company long-term EPS growth guidance)

In context

n mid-July. Also in Georgia, the regulatory process continues for 13 gigawatts of new energy resources via competitive request for proposals or RFPs. Various company-owned resources were submitted into these valuations. Successful bidders are expected to be notified in the coming months for a substantial portion of these RFPs, including 8.5 gigawatts of all source or technology-agnostic energy resources. Georgia Power expects to file for certification of all projects awarded under these RFPs with the Georgia Public Service Commission in July. Considering the time line of these ongoing Georgia regulatory processes, we expect to be positioned to provide additional color on potential updates to our capital expenditure outlook and associated financing plan on our second quarter earnings call. All else being equal, this potential incremental capital and continued economic development momentum are key to supporting our potential reevaluation of the base for our long-term EPS growth as early as 2027. Before I turn the call back over to Chris, I'd like to provide an update on our financing activities through the first quarter. Our state-regulated electric subsidiaries have issued $2.2 billion of long-term debt year-to-date, which is nearly half of 2025's projected financing needs for those entities in our base plan. Quality and credit strength of our subsidiaries continue to draw robust investor interest, providing strong excess to capital and supporting lower interest cost for the benefit of customers. At the parent company, we have issued approximately $2.4 billion of junior subordinated notes or JSNs year-to-date, which received 50% equity treatment from the rating agencies. We've also entered into forward contracts through our at-the-market program, or ATM, for the sale of an addit

Verify independently

SEC filings for SO · Claim quote is verbatim from the 2025Q1 earnings call.