Carlyle Davenport's questions to Southern Co (SO) leadership • Q2 2025
Question
Carlyle Davenport from Goldman Sachs inquired about the impact of the updated capital plan and 8% rate base growth on the 2027 earnings rebasing timeline and long-term growth outlook. She also asked about the procurement status for turbines and gas supply for the newly planned combined cycle facilities.
Answer
David Poroch, SVP & incoming CFO, stated that while the company is encouraged by market momentum, it will stick to its plan of assessing sustainability before revisiting the 5-7% growth rate set point, potentially as early as 2027. He confirmed a full financial update would come in Q4. CEO Chris Womack added that the company has secured reservations and paid fees for turbines and has strong relationships with OEMs and EPCs, ensuring their ability to execute.