“This incremental investment is projected to add approximately $700 million to our capital plan over the next several years.”

In context

“rojected to be in service in 2032 to 2033. Generation procurement through RFPs delivers substantial value to customers and is a testament to the transparent and orderly processes in our vertically integrated state-regulated markets with long-range integrated resource planning. To the extent that company-owned resources are selected through Alabama Power’s and Georgia Power’s active RFP processes and ultimately authorized by their respective PSC, these generation investments would represent incremental investment above our current base capital plan. Turning to Southern Power, we are moving forward to add 400 megawatts of additional capacity through natural gas turbine upgrades in multiple existing facilities in Alabama and Georgia, with commercial operation projected between 2029 and 2031. This incremental investment is projected to add approximately $700 million to our capital plan over the next several years. We continue to evaluate other growth investment opportunities at Southern Power, including an additional 300 megawatts of natural gas uprates, as well as other new generation opportunities in both the Southeast and other markets to meet future demand. Before I turn the call back over to Chris, I would like to provide an update on our financing activities through the first quarter. We continue to proactively address equity needs that support our strong credit quality and path towards 17% FFO to debt by 2029. Over the last quarter, we sourced an incremental $500 million of equity through our at-the-market, or ATM, program with forward contracts that settle at our discretion by 2028. Combined with the significant amount of equity previously sourced, and including the incremental $700 million”