SOUTHERN CO

Southern Company operates as an energy holding company that provides electricity and natural gas services across multiple business segments. Through its traditional electric operating utilities, the company generates, transmits, and distributes electric power. Its Southern Power subsidiary develops, constructs, operates, and manages power generation facilities, including battery energy storage projects, selling wholesale electricity under long-term power purchase agreements. Another key segment, Southern Company Gas, distributes natural gas and provides complementary services including pipeline investments and gas marketing. The company serves retail residential, commercial, and industrial consumers, alongside wholesale purchasers such as municipalities, electric cooperatives, and independent power producers.

The company's traditional electric service territory covers approximately 116,000 square miles across Alabama, Georgia, and southeastern Mississippi, serving approximately 4.6 million retail electric customers. Its natural gas distribution network maintains nearly 77,900 miles of pipelines and 14 storage facilities, serving approximately 4.4 million customers across Illinois, Georgia, Virginia, and Tennessee. Additionally, its digital wireless communications system spans approximately 122,000 square miles in the Southeast. Southern Company's corporate headquarters is not stated in the text.

Summary of the business section of Southern's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“The Southern Company system had approximately 29,800 employees on its payroll at December 31, 2025 comprised of the following:”