Southern Company delivered robust financial performance in fiscal year 2024, with operating revenues climbing 8.0% YoY to $21.6B and net income surging 10.7% YoY to $4.4B. Earnings per share increased 10.4% to $4.02, while the dividend payout ratio improved to 71% from 76% in 2023. Retail electric revenues showed strong growth of 8.9% YoY to $17.8B, accompanied by a 2.2% increase in total generation to 188B KWHs.A significant operational milestone was achieved with Plant Vogtle Units 3 and 4 being placed in service in July 2023 and April 2024, respectively. The company's generation mix comprised 52% gas, 20% nuclear, 18% coal, and 10% others, while achieving approximately 49% reduction in GHG emissions since 2007.The company has set ambitious environmental targets, aiming for 50% GHG reduction by 2030 and net zero by 2050. Southern Power is advancing renewable projects, including the Millers Branch solar facility, while Southern Company Gas is expanding infrastructure improvement programs. Key challenges include regulatory compliance costs, environmental regulations, cybersecurity threats, and inflation pressures.

Southern Company delivered robust financial performance in fiscal year 2024, with operating revenues climbing 8.0% YoY to $21.6B and net income surging 10.7% YoY to $4.4B. Earnings per share increased 10.4% to $4.02, while the dividend payout ratio improved to 71% from 76% in 2023. Retail electric revenues showed strong growth of 8.9% YoY to $17.8B, accompanied by a 2.2% increase in total generation to 188B KWHs.A significant operational milestone was achieved with Plant Vogtle Units 3 and 4 being placed in service in July 2023 and April 2024, respectively. The company's generation mix comprised 52% gas, 20% nuclear, 18% coal, and 10% others, while achieving approximately 49% reduction in GHG emissions since 2007.The company has set ambitious environmental targets, aiming for 50% GHG reduction by 2030 and net zero by 2050. Southern Power is advancing renewable projects, including the Millers Branch solar facility, while Southern Company Gas is expanding infrastructure improvement programs. Key challenges include regulatory compliance costs, environmental regulations, cybersecurity threats, and inflation pressures.