Southern Company (the) · NYSE:SO
Southern Company (the) — ESG Presentation (June 2026)
21 slides from Southern Company (the)'s sustainability presentation, June 2026
Slide 1: Shareholder Engagement Update
Shareholder Engagement Update June 2026
Slide 2: We provide clean, safe, reliable, affordable energy and customized solutions
We provide clean, safe, reliable, affordable energy and customized solutions Capabilities in 50 States 7 Electric & Natural Gas Utilities 9 Million Customers Approximately 30,000 Employees Over 46,000 MW of Generating Capacity As of February 2026 In this presentation, the terms “we”, “us” and “our”
Slide 3: Southern Company Value Proposition
Southern Company Value Proposition: Objective of Regular, Predictable and Sustainable STRATEGY: Maximize long-term value to shareholders through a customer-, community-, and relationship-focused business model that produces sustainable levels of return for investors Objective of maintaining a high d
Slide 4: Retail Electricity Sales and Projected Growth
Retail Electricity Sales and Projected Growth Large load customers materializing into higher projected sales 2025 Retail Sales Sales Forecast Large Load Customers Electric sales growth in 2025 was Projected Retail Electric Sales Growth Over 11 GW of contracts signed with large- more than double the
Slide 5: Protecting customers and delivering benefits
Protecting customers and delivering benefits Approach To Contracting Large Loads Enabling Value for All Customers Contract Length July Rate plan extension freezes At least 15 years for data centers 2025 base rates1 until at least 2029 and 10 years for all others All components of retail rates Pricin
Slide 6: Governance & Sustainability Highlights
Governance & Sustainability Highlights Southern Company engages with a broad range of stakeholders to develop strategic solutions for our customers that will enable our transition to a new energy economy and create long-term value Governance (Slides 7-12) Regular Board refreshment, through strategic
Slide 7: Governance: Director nominees demonstrate range and depth of experience
Governance Director nominees demonstrate range and depth of experience and expertise Janaki Akella Shantella E. Cooper Anthony F. Earley, Jr. James O. Etheredge Independent Independent Independent Independent Former Digital Founder & CEO, Chairman, President Managing Director, Transformation Journey
Slide 8: Governance: Qualifications, attributes, skills and experience of Director nominees
Governance Qualifications, attributes, skills and experience of Director nominees Southern Company's Board of Director nominees possess a range and depth of expertise and experience to effectively oversee the Company’s operations, risks and long- term strategy Additional skills information provided
Slide 9: Governance: Focus on regular, thoughtful board refreshment
Governance Focus on regular, thoughtful board refreshment New Directors Added in 2025 Director Nominee Tenure James O. Etheredge Managing Director, Monarch Private Capital The Board aims to strike a and former CEO - North America balance between the knowledge Accenture plc that comes from longer-ter
Slide 10: Governance: Robust role of the Lead Independent Director
Governance Robust role of the Lead Independent Director and strong independent Directors Senior Advisor at Blackstone Inc. Former Chairman and Chief Executive Officer of Protective John D. “Johnny” Johns was elected Lead Life Corporation Independent Director in May 2026 by Previously served on the B
Slide 11: Governance: Thoughtful Board oversight of key risks and opportunities
Governance Thoughtful Board oversight of key risks and opportunities The full Board regularly discusses key topics as part of its regular agenda. Board committees take a deeper dive into risks and opportunities and report out to the Board. William G. Smith, Jr. Shantella E. Cooper David J. Grain Liz
Slide 12: Governance: Corporate governance standards and practices
Governance Corporate governance standards and practices designed to create long-term value for our stockholders Annual election of Directors 100% independent Board committees Majority voting standard for Director election Regular Board refreshment Seeks candidates with diverse range of backgrounds,
Slide 13: Environment: Continued Deployment of Lower-Emitting Resources
Environment Continued Deployment of Lower-Emitting Resources Long-term GHG Goal: Net zero by 2050 Total Scope 1 GHG Emissions Annual Energy Mix for Electric Generation* (based on equity share) 1% 47% 14% 15% 157 Metric tons of C02e (millions) Renewables/Other 16% 19% Nuclear 83 48% 69% Natural Gas 1
Slide 14: Environment: Diverse resources and technologies
Environment Diverse resources and technologies Technologies and Tools to Facilitate Affordable Decarbonization Decarbonization considerations include: ► Efficient use of natural gas ► Continued assessment of coal-fired generating assets, with the use of environmental control technologies ► Further g
Slide 15: Environment: Thoughtful scenario planning process guides resource mix
Environment Thoughtful scenario planning process guides resource mix Scenario planning process has been in place since 2008 Each operating company is committed to reliability and serves as basis for integrated resource planning at and affordability while adopting new technologies state-regulated ele
Slide 16: Environment: Coal reduction and renewables and storage growth
Environment Reduction in coal units since 2007 resulting Strong historical growth in renewables and storage portfolio, with from economic retirements significant future additions expected Coal Capacity (MW — Nameplate) Renewable and Energy Storage Resources for the Electric Operations (MW) 20,457 MW
Slide 17: Environment: Focusing on the full value chain of GHG emissions
Environment Focusing on the full value chain of GHG emissions Comprehensive GHG emissions reporting along with a focus on reducing emissions from operations and driving upstream and downstream emissions reductions Disclose Scope 1, Scope 2 and all relevant Scope 3 emissions for 2024* GHG Emissions b
Slide 18: Human Capital
Human Capital Focus on attracting, developing and retaining a sustainable workforce Our employees are one of our greatest assets, and our actions demonstrate the value we place on our people Fully committed to attracting, developing, including and retaining an engaged workforce Invest in our employe
Slide 19: Transparency
Transparency Disclosures responsive to investor interest Sustainability Website available here Key Data and Reports available here We recognize the value our investors and stakeholders place on transparency, and we are committed to continued enhancements. Our ongoing conversations with investors and
Slide 20: 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, long-term projected adjusted
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