SO · News · 20260811N
Regulated Capital Investment Plan
SOUTHERN CO · 2026-08-11 · Importance 69 · Surprise 50 · No source text
Southern Company is targeting approximately 9% annual rate-base growth through 2030. The plan is supported by more than $80 billion of capital expenditures and regulatory approvals. Allowed returns on equity average about 11% and reach as high as 14.5% in key markets, supporting expansion of regulated utility earnings capacity.
Key facts
- Southern Company plans more than $80 billion in capital expenditures ("$80B+ in capex"). source
- SO targets a 9% annual rate base growth through 2030. source
- Allowed ROEs average 11% and reach up to 14.5% in key markets. source
- The Southern Company is upgraded to Buy. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | — | Southern Company plans more than $80 billion in capital expenditures ("$80B+ in capex"). |
| cash | negative | probable | — | Southern Company plans more than $80 billion in capital expenditures ("$80B+ in capex"). |
| assets | positive | probable | — | SO targets a 9% annual rate base growth through 2030. |