Investor Presentaiton
2021 Year-Over-Year Adjusted Drivers¹
39¢
(22¢)
5¢
2¢
(2¢)
$3.25
(5¢)
O&M²
Southern
Weather
Rates, Pricing,
Usage & Other
Company
Gas
Southern
Power
Parent &
(1¢)
Shares
$3.41
Other
State-Regulated Electrics
2020
2021 Drivers
+ Retail sales recovery in 2021
+ Strong customer growth
+ Investment in state-regulated utilities
Weather (-14 cents vs. normal in 2021)
O&M reflecting 2020 COVID-19 mitigation efforts
2021
¹Excludes charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to the Kemper IGCC, charges associated with the construction of Plant Vogtle Units 3 and 4, acquisition and
disposition impacts, earnings from Wholesale Gas Services, impairment charges associated with the PennEast pipeline project and leveraged lease investments, and costs associated with the extinguishment of debt at Southern Company.
2Includes non-service cost-related benefits income.
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