Southern Company Outlines $100 Billion Five-Year Capital Plan and Long-Term Financial Targets
Southern Company (SO) has signaled a significant expansion in its capital expenditure strategy, indicating that its investment plan could approach $100 billion over the next five years. This aggressive spending is aimed at supporting long-term growth and infrastructure needs while maintaining strict financial discipline. The company aims to reach a specific financial milestone of 17% Funds From Operations (FFO) to debt by 2029. Management expressed high confidence in their current momentum, suggesting that the utility's performance is strong enough to potentially exceed original adjusted earnings guidance for 2026.
Tickers: $SO