Generations 2012 Annual Report
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Innovation Video 1

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Innovation Video 2

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Vision

Three men brought life to an American legacy by seeing what others could not
and harnessed the courage of their collective will to electrify an underdeveloped region and inspire a growing workforce.

James Mitchell had done it beforedeveloping hydroelectric dams and electric tramways in the wilds of South Americaand now he stood before yet another untouched landscape, in the Deep South of the United States. And Mitchell saw the possibilities, and he knew where to find the money that would make them real.

Soon he was committing his ideas to paper, and his energy to an enterprise. He envisioned a vast interconnected network of dams and transmission lines bringing prosperity to a part of the country that sorely needed it, and before long, he had become personally invested in making it happen.

But much is demanded of dreamers, and Mitchell could not do it alone. He recruited the young attorney Thomas Martin, whose exhaustive work ethicmuch like Mitchell’shelped bring strength and substance to the fledgling company. Martin steered the firm through a number of legal, financial and political challenges, and when Mitchell died at the untimely age of 54, Martin assumed the helm, and spent the next five decades as one of the guiding industrial forces of the American South.

If Mitchell and Martin represented the soul of the company, then Preston Arkwright provided its heart. The Georgia Power president coined the term “A Citizen Wherever We Serve” and defined the character of the business for generations to come. He believed that a sacred trust existed between an electric provider and its customers, and employees found great meaning in that simple concept. Arkwright’s values became the foundation for Southern Company’s signature commitment to customers and communities, and framed a corporate identity that went far beyond turbines and wires.

The sacrifices of visionaries often go unnoticed, but their effect on posterity cannot be denied. Mitchell, Martin and Arkwrighteach in his own unique fashionpioneered a way through uncharted territory and forged a path for others to follow. And follow it they did.

Vision

A diverse portfolio is the key to America’s energy futureand Southern Company
is charting the course for an entire nation.

It’s perhaps the most basic rule of equity investingnever put all your money into just one stock. And the same principle applies in planning for electric generation.

Southern Company, through its operating subsidiaries, is the only electric utility in America that is building a truly diverse generation portfolio, one that makes use of all available fuel sources. We’re building the first new U.S. nuclear units in a generation of Americans at Georgia Power’s Plant Vogtle. We’ve developed 21st century coal technology that we will use at Mississippi Power’s facility in Kemper County, Mississippi, in 2014. We’re replacing several coal-fired units with

cleaner-burning natural gas. We’re adding renewable generation in the form of solar, wind and biomass. And we’re raising the bar on energy efficiency, with plans to spend $1 billion through 2020 to help customers use our product more effectively.

All of this takes time, and planning, and, yesvision. Our engineers are continuously projecting energy demand over 10- and 20-year horizons, and devising the best combination of clean, safe, reliable, affordable generation to meet that demand. In the process, we focus on maintaining the greatest possible flexibility, so that we can adjust our generation mix in the face of changing environmental and economic considerations.

It’s all designed with the same end in mindto better serve customers while continuing to foster the growth of strong, healthy communities. After all, that’s what our founders taught us to doand so far, it’s worked pretty well.

PICTURED: David Moncus, nuclear construction compliance manager, helped to build the first two nuclear units at Plant Vogtleand now he’s bringing the task full circle, as part of the development team for units 3 and 4. Paulo Albuquerque, performance improvement and corrective action program manager, is part of the next generation of experts helping to lead a U.S. renaissance in nuclear energy.

1912

JAMES MITCHELL

Known for his boundless energy and infectious enthusiasm, Mitchell fashioned an economic wellspring from an undeveloped wildernessbringing the promise of prosperity to hundreds of communities and millions of people. His plan for a vast energy network became the genesis for a regional rebirth and laid the foundation for a thriving enterprise.

1920

Thomas W. Martin

Martin embraced Mitchell’s dream and helped make it real, guiding the young company through its earliest challenges and leaving his mark on a burgeoning industry. He integrated operations between subsidiaries, lowered costs and initiated the concept of maintaining a diverse fuel mix. He was also a champion of rural electrification and economic development.

1927

PRESTON S. ARKWRIGHT

Arkwright believed in serving “the rich and the poorall alikewith the same adequacy of service and at the same rates.” He wanted to do more than just provide energy; he wanted Southern Company to be a catalyst for making communities stronger and better than they had ever been before.

1960s - 70s

THE BOOM GOES ON

The ever-expanding Southeast is on a feverish pace, and the need for energy is greater than ever before. Southern Company’s traditional operating subsidiaries proceed with plans to build a diverse range of new electric generation, including their first nuclear units.

1975

A NEW ERA

The nuclear age for the Southern Company system begins at Plant Hatch in Georgia, followed by plants Farley in Alabama and Vogtle in Georgia. However, U.S. nuclear construction grinds to a virtual halt in the late 80s and early 90s, due to regulation-driven cost increases.

2012

DIVERSITY RULES

Georgia Power sparks a nuclear renaissance as construction begins on units 3 and 4 at Plant Vogtle. Overall, the Southern Company system commits $20 billion to the building of a truly diverse generation mix that includes new nuclear, 21st century coal, natural gas, renewables and energy efficiency.

2000s

EVOLVING POSSIBILITIES

The increasing availability of diverse fuel sources gives rise to new thinking about how to generate electricity. Advanced techniques for extracting natural gas reserves and technology improvements in renewable energy figure heavily in the debate. Meanwhile, nuclear energy begins a long-awaited comeback.