The stock market doesn't seem to be rewarding our growth.
It isn't. Our high-growth competitive business has created value. But our shareholders haven't been rewarded for that yet. So we are looking at ways to unlock that value. We will continue to consider various options that will enhance shareholder value. We want our shareholders to benefit from the value our growth has created.

Where does our growth come from?
It comes from providing energy reliably and at low cost to large energy users in markets where it's needed most. And that's what we do best. We've been doing that for a long time with our wholesale operations in the Southeast. Deregulation of wholesale electricity created opportunities for us to expand throughout North America. We've done that. And we've also taken advantage of opportunities to do that in areas we've targeted throughout the world.

How is our regulated business doing?
I judge the success of the regulated business by reliability and cost. Our system is well operated, and we have maintained it well. It's a very successful business.

What are we doing to make the electricity we produce cleaner?
We're making changes to existing plants. All the new generation we're building will use state-of-the-art environmentally friendly technology. Our goal is to make every megawatt-hour cleaner – on average – than it was the year before. And we're doing that.

What is the biggest change in Southern Company?
Not long ago, we were a southeastern regulated utility business. Now we're an international competitive energy giant with some southeastern regulated utility operations.