Steve D'Ambrosio

Steve D'Ambrosio asked for more details on the Southern Power opportunity, specifically the recontracting of 1 GW capacity at 2x-3x higher prices, the significant 4 GW opening in 2035, and the potential impact. He also questioned the size and requirements for new gas expansion at six brownfield sites and the ability to marry these with data center offtakers.

Answer

David P. Poroch, CFO, confirmed opportunities for recontracting at 2-3 times current rates, citing market examples of $20-$25 per kilowatt-month. Christopher C. Womack, Chairman, President and CEO, reiterated that Southern Power's risk profile would not change, focusing on long-term contracts with creditworthy counterparties for new gas development at brownfield sites.

Steve D'Ambrosi inquired about the Southern Power opportunity, specifically the recontracting of 1 GW of capacity at 2-3x higher prices and the potential impact, as well as the scope and strategy for new gas expansion at six brownfield sites, including potential partnerships with data center off-takers.

Answer

CFO David P. Poroch confirmed Southern Power sees opportunities to recontract capacity at 2-3 times current rates, citing market examples of $20-$25 per kilowatt-month. Chairman, President, and CEO Christopher C. Womack emphasized that Southern Power's risk profile will remain unchanged, requiring long-term contracts with creditworthy counterparties for any new gas development at brownfield sites, based on market evaluation and customer needs.