Investor Presentaiton
4.5%
Average Coupon (%)
4.0%
3.5%
3.0%
Peer 14
2.5%
10
Peer 5
Long-term Debt Peer Comparison
As of 12/31/2021
Peer 3
Peer 20
Peer 18
Peer 1
Peer 12
Peer 11
Peer 4
Peer 2
Peer 8
Peer 13
Peer 16
Peer 19
Peer 15
Peer 6
Peer 7
Peer 10
Southern
Company
12
14
16
18
Average Time to Maturity (yrs)
20
20
Source: Bloomberg and SO Internal Records
Black line represents average A/BBB+ utility curve for 5 pervious years
Includes all Corporate Long-term Debt, whether secured, unsecured or subordinated
For Southern Company system, includes the final maturity date for certain floating rate senior notes, fixed to floating and fixed to fixed junior subordinated notes, and pollution control bonds, the interest rates of which are subject to periodic reset.
Peer 9
22
22
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