Southern Company (the) · NYSE:SO

Southern Company (the) — Q3 2011 Earnings Presentation

9 slides from Southern Company (the)'s earnings presentation, Oct 26, 2011

  1. Slide 1: 3rd Quarter 2011 Earnings Conference Call

    3rd Quarter 2011 Earnings Conference Call October 26, 2011 The Glen A. Kundert Earnings Call

  2. Slide 2: Cautionary Note Regarding Forward-Looking Statements

    Cautionary Note Regarding Forward-Looking Statements Certain information contained in this presentation is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning earning

  3. Slide 3: Storm Restoration

    Storm Restoration 3

  4. Slide 4: Q3 2011 vs. Q3 2010 Earnings Drivers

    Q3 2011 vs. Q3 2010 Earnings Drivers 17¢ (7¢) 1¢ (1¢) (1¢) 3¢ (3¢) Interest Income Southern Weather Non-Fuel $1.07 Taxes Power Shares O&M $0.98 Retail Revenue Impacts Traditional Operating Companies +13¢¢ Q3 2010 Q3 2011 4

  5. Slide 5: Retail KWh Sales Growth

    Retail KWh Sales Growth As Reported Weather‐normal Q3 YTD Q3 YTD Residential (6.9%) (6.3%) (0.3%) (0.1%) Commercial (3 4%) (3.4%) (2 4%) (2.4%) 0 0% 0.0% (0 2%) (0.2%) Industrial 1.6% 3.7% 2.0% 3.9% Total Retail (3.3%) (1.9%) 0.5% 1.1% Industrial Sector Highlights • Growth in all major segments exce

  6. Slide 6: Southeast Continues to Grow

    Southeast Continues to Grow Over 6,000 job additions announced since the start of Q3 (Selected new projects in RED) Porsche: 100 jobs Triumph: 250 jobs Mercedes Benz: 1,400 jobs Kia: 1,000 jobs Hyundai: 400 jobs Seung Chang Airtech: 200 jobs Pharmavite: 280 jobs Gulfstream: 1,000 jobs Stion: 1,000 j

  7. Slide 7: 2011 EPS Guidance

    2011 EPS Guidance Annual Guidance = $2.48 - $2.56 per share Q4 Estimate = $0.29 $0 29 per share Long-term $2.56 Growth = 5% to 7% $2 48 $2.48 $2.36 $2 30 $2.30 2010 2011 7

  8. Slide 8: Appendix

    Appendix 8

  9. Slide 9: Kemper County vs. Edwardsport

    Kemper County vs. Edwardsport Comparison Items Edwardsport IGCC Kemper Project Gasifier Type GE TRIG Capacity 618 MW 582 MW Primaryy Fuel Type yp Bituminous Coal Lignite g Slagging (burner) Non-slagging (no burner) Maintenance O2 Blown / Air separation unit Air Blown / No ASU needed Duke, GE, Bechte

Southern Company — Q3 2011 Earnings Presentation on 6ix