The Southern Company (SO) 1 Aug 242024 Q2 Earnings call transcript

Good afternoon. My name is Sherry, and I will be your conference operator today. At this time, I would like to welcome everybody to The Southern Company's Second Quarter 2024 Earnings Call. [Operator Instructions]

I would now like to turn the call over to Mr. Investor Treasurer. President, Vice Gammill, Relations and Scott Please sir. go ahead,

Good and you, Southern Company's Thank to Second afternoon, Call. welcome Sherry. Earnings Quarter XXXX

me and Womack, Officer Joining Officer. Chris and are Executive Chief Chairman, of Tucker, Dan President Company; Chief Financial Southern today

we'll differ remind forward-looking making Form indicated statements our materially providing from you, addition could cause including statements important forward-looking in XX-K, information. those XX-Q Various Let filings. factors in our those actual to be me today historical subsequent results Form discussed to and in

available In addition, morning this at website the applicable are we the which will financial on this information investor.southerncompany.com. both this in well as present GAAP our call. on non-GAAP for Investor financial included released call, slides the Relations Reconciliations we as information to conference measure are

now over the Chris. call turn I'll to

Scott, us joining Thank you afternoon, today. good you, thank and for and

can As provided are earnings territories. the especially morning, adjusted released positioned our objectives economic we All strong well ahead you the and electric resilience reported Meaningfully businesses, see the see we believe we from quarter. well, for quarter. economic continue are We of financial for this performing results and materials second growth, to our last gas and service both XXXX. Southeast we achieve estimate our to within

customers coordinated the most the for our ensured planning electric to our communities dedicated recent and serve. system are by resiliency privileged During heat outstanding supported wave our across that Southeast, employees delivered reliability we the and

June to record pride We Southern XX,XXX megawatts, our tremendous a operating in system. quarter peak Last conditions. through highest all quarter over serve electric last peak take our the load in XX the third on Company of ability customers for load electric with reliably second warmest the represented the years

and to natural generation highlight storage the integrated continues capacity of portfolio gas as transmission the Coordinating of for as demand and framework us needs. manage to planning in our effectively we robust transportation, which value peak operate. have Our positioned well regulated performance

processes This we're same also demand framework, reliably opportunity including and planning our over positions regulatory An decisions about. growth serve what well the load orderly resource and decade. next so excited the to us for long-term external significant electric projected internal is

turn to financial over you now the I'll Dan, call a update. for

and Chris, everyone. good afternoon, Thanks,

For This utilities to compared quarter per adjusted the of XXXX, $X.XX second quarter our investment higher depreciation interest primary per above warmer-than-normal earnings The was of $X.XX quarter our and by were last the than of share was estimate. somewhat our state-regulated second our weather XXXX in drivers the $X.XX higher for electric and expenses. our performance and continued offset subsidiaries. year for share,

included earnings reconciliation complete is morning. released this in of A materials we year-over-year the

quarter the Our third $X.XX per adjusted EPS is estimate share. for

financial leading adjusted As second results contributed all second experienced higher businesses of of our warmer-than-normal on Chris to noted, per quarter, as $X.XX a results to estimate operating costs. as focus strong managing our in share. quarter the well continued these The meaningfully than our weather

a our sales data we combination increased customer well were economies, customers. as These many of class. the sales second experienced center by higher-than-expected during strength existing quarter, our local higher in driven by electricity Additionally, our of continued in weather-adjusted usage commercial as

year-over-year. net expansions in sales the in-migration and continues were climates centers including existing quarter up Southeast drive XX% to In growth. data and fact, economy, business customer for approximately strong favorable manufacturing The to

customer businesses quarter, in in saw XX,XXX second our distribution and residential natural of gas we additions businesses. X,XXX For our the electric

nearly gigawatts electric next over utility across so. over footprint service activity X to strong or the economic load projects We electric of potential our customers The and across pipeline see our aggregate XXX territories. industrial XX and also for decade includes new development continue commercial potential state

prospective some degree historically. some include projects seen higher for as multiple states we've are their what customers facilities. While it's numbers significantly numbers we these than These likely duplication are evaluating of serve that potential in

in the of electric the XX% data of XX% pipeline the About and centers. projects potential load are

In and heavy due be our diverse expand to networks, all clean to continue businesses manufacturing, reliable locate energy, other data to and attracted Southeastern states. and low to addition cost port-related industries robust transportation, our centers, reasons to a compelling a in of workforce, living, transportation states energy or

The of our in is only this potential fraction load full reflected growth in potential. a is this currently pipeline forecast that

February, projected in reflect approximately a The over X% is growth is As a from that retail reminder, this period. Power projected Georgia of to sales decade, X% part to earnings our XXXX of forecast expected year-end accelerate growth projected growth during electric we the rate XXXX. our underlying the approximately same latter with call updated in to sales

this peak the time of has committed pipeline of the same Power Resource over totaling additions grown frame Service now Georgia year, and the XX% In gigawatts. Public X more load filed doubled, this Power's amount growth, response approximately Integrated potential last Since time and the to approved Georgia earlier XXXX year, subsequently Commission mid-XXXXs, of by than Plan Georgia demand its over has filing update. the the large original

potential in on we we continue the last should to only customers new existing but incremental expect to disciplined cover electric our these As in our earnings incremental approach pricing, to detail disciplined continue economic this revenues to serve attracting, load serving, new provides result and call, our that pricing on cost forecasting customers. to load. also approach described benefits to we execute this And not that

the turn you. now back to over I'll Chris, call

Dan. Thanks,

capture well Southern on benefits future. the positioned and we of value all this focused the of for about Company remains electricity stakeholders. we're the execution, excited demand We significant to believe are

resource our engaging our for our from customers mitigate needs with Southern with differentiates processes risk Company proven and regulators, and and orderly to customers for prospective investors. helps our Our peers and addressing for

regulated our utility integrated customers model. vertically operate electric the The in increasingly and value of prospective states experience great the are of of recognizing Additionally, the value wherewithal. value institutional the we and

hundreds Alabama Hurricane Power, devastation the Mississippi recognize after home from restorations power members returned and of Power who this take like Beryl. recently Georgia taking your caused I'd to Before questions Power, by in moment following in team Texas afternoon, a aiding to the

teams and industry, throughout restoration that at our successful relief to are stands very affected to when performance conditions a bring our communities effort others employees best the across at testament worst. their These work and as from their their are tirelessly

by conclude very me strong saying, have the and year. for delivered results Let we first of financial this half operational

we execute you the well remainder continuing year. remain will performance on extraordinarily of expect and believe for are to to We we deliver the positioned that the on that superior plan, us our from focused

ready take Operator, questions. we're your to now

Sachs. Carly Davenport Goldman [Operator Instructions] Our first question is from with

the guess with $X.XX just beat significant I relative to start to your on quarter the just initial itself, Maybe guidance.

execution at Sort thinking year this about the of puts takes point? there how are and full and you your guidance the around

being very with And summer -- we're utilities we're revenue our the electric halfway period in through year is the pretty always cautious a Southeast, Look, to while go. lot the particular, year, a perspective. there's this a left in of from big

So deliver a and positioning for we really taking on improve we've to that but and that year, an everything quarter years. is on use your a specific as our of to only kind well kind doing future And more also the to anything not our are We're of that doing current opportunity start. third after opportunity we can history expectation call. off point, of have to what incredibly positioned. great in a hone typically we That said,

some work kind look our that into future So states. getting of of opportunity might ahead we are in like other out or reserves, on of optimize advancing reliability to XXXX maintenance There years the programs. have

on And up I we so with we're in do how on the end half year, But things, our long given Chris, focus all started, if working we top focus that how of positioned, hard to we're the this ]. disciplined those be of that to [ term. would don't think range, say, but all

internally as a fix think, opportunity shining. I have the when roof lot, the Dan, the I to But is we think sun say while we

about so year. we'll And 'XX as thinking 'XX, to those move we consider continue and through -- forward some are this 'XX things

to as love as And focus it continues follow-up what on here. Great. industry Appreciate of the would play Georgia that role any nuclear? your XXXX nuclear nuclear to a do the And the about support see color. think to filing, to you potential just I there get needs -- build-out think then there? is to do the guess you gain perspective IRP new large-scale

the has to industries to I industry be. do planning, continue all all got think may I the working mean reviews, to the what possibilities all look Carly, with the at

risk. the reality. think We incredible government we've momentum know build this make to have support and mitigate the leadership of government all some a can and must the to ultimately got find get help think we I think ways and their out I to that risk, get I from that from

done what and critical the to is that gaining Units completing by terms really X Vogtle on think in I got build momentum of So element the we X.

a to -- think that the of mean that be government leave to this future, very to part the great I help diverse that it's of play kind to to to see. got got part demand in think build really resources it's part of to I I got see role. nuclear I got have a got need be I'll we there's needs mix. be momentum forward meet the leadership it. to But We've and the and we to going prominent a be from

Guggenheim from Partners. is with Our next question Shar Pourreza

maybe totally quick appreciate you're maybe stronger, like this sustainability EEI planning update think you this longer-range conservativeness can are revisit really trigger one sort I guys I time are assumptions, Dan. you much potentially the seeing guidance. about this and you've a plan? an messaging guess stronger reality much how what is you of of other can we sort But your the around of in load frame Dan, your in around of or backdrop your right? looking what how means of about I for know of outside And footprint I talked year. fourth to that kind past all the provide than points your a quarter longer-range kind like obviously, to can of for the

will it does about that's feel know and you notion of of in into [ it what see of sustainability, provide decade. and think in that part latter of ahead Georgia in continued of us, next know besides the this but Look, of We've XXXX a proceeding. and up think an addressed to right I rooted front Shar, part good momentum. the we got decade us and is further opportunity that I large we really I kind ] said what recent the button the IRP we

For here opportunity, know today, and is we certainly feels of continued like increased sitting the there again, momentum. kind what it

system. the there in load 'XX growth, decade a generation inevitably financial out all -- of the continued this the This this. profile in needed because This data serve want that is of 'XX, certainly long-term later is thing. will of forecast to we've phenomenon. is transmission improvements that's beyond and long-term period, that is capital The around be new and the building opportunity whether nature to starting form of that an not of that opportunity to think these really balance assuming And nature current is the continues, the investment see. of to because This that continued bleed capital the but investments, of we more the but I a I say centers, with strength into these thing sustains kind resources,

come GRC That's coming. your end. equity ROEs overly obviously, been think. know Chris, being There's than some around on Okay. and It's Got sooner of And then noise Georgia sort ratios maybe to got helpful. we've maybe I going it. a just, adequate. we

online be Now to this of that Is Vogtle maybe just prep Can begun just you bit? for commissioners. an case? from of us some talk with this Have ahead a filing. of issue you discussions you kind as going stakeholders through the is the

as conversations those always matters we go through there's mean proceedings. I Shar, And those about

from would about and of And provide so we mean, not good of in we level tax reform nature we we run how ratio surprised. lot came terms service not equity just I from those also Vogtle. and always are of recognizing that I where the deliberations there issue a premium I issues a business. mean, be so the I this mean implications. have are of

as a 'XX, And thoroughly all I so and say, once will how think, again, recognize and I debated, also we as thoroughly be perform we as through recognizes go issues, these company. usual, of vetted as

itself. in do kind nothing The were states. to but is just tax construction It Vogtle broad-based, Georgia all This during that was was the of right? made And reform. was with the changes equity of for It point had ratio the not our of construction conversation. coincidentally Vogtle, Chris

major start some where there's change has unless I implications defending think to from. the will So is tax that policy we that

with Jefferies. Julien question is from next Our Dumoulin-Smith

Look, speaking turn the nice well. question. year specific have to Maybe starting into having pretty you guys off the a of to It's that sunshine, see.

there. this out got You've $X.XX

Just some more you continuation XQ. already XQ Is to kick good second from in that it versus that $X.XX into of off, in you've is there reflected probably already seen that upside $X.XX some had there? quarter? Because normal or weather the

and typically anecdotally, that in X put case So Julien, put in do, left what There's first it a rained hasn't least this I we the what still just day at when would think we say, quarterly weeks this out is is Atlanta. quarter months would is here out I that certainly we've the estimate about weather normal. always X done these and in in

has sure I'm that So so looked like June. not July

Anyway, . going just keep like Texas It to on that. sounds

some backdrop we loan phenomenal than a I you some extent growth, of acceleration mean much kind continue lot guys clearly consistently right? The that about in about an through here obviously there's I of growth period talk here, a healthy or you very how way growth this, could longer sure are here? the of see medium the want to number terms tangible provided do I'm load expect In peers. the data compound number we to and your it and that to because just building term? what loan of XX% is in longer-term numbers. realizing terms you've of the infrastructure, more perhaps And Should of hearing to think actually make on the center to on that

question. Great

process not to centers that me on existing and ground on clarify let So the the either of believe full capabilities, they're just That also as is process. the are dynamics their processing also kind to referred centers ground, happening. we that utilizing load the that's ramping but have of bit are happening in or what in that data we only the are the in some more XX% data is in improving with technology of been cases, actually some these the little a increasing electricity

While component today. of is 'XX, centers. dynamic of from growth everything X% happen is sales small 'XX there, will overall will What forward? talking Those are sales going in -- be what terms a our to Georgia we've X% this The that about this data been commercial drives Power. new

And their happen beyond, completed in the a that these digits. X% in significant growth overall to will and 'XX, they sales 'XX will implicit ramp-ups frame where 'XX, begins so acceleration be be it time double the that will have to the as and own in point are data centers commercial too

ramping we XX% point existing that continued the base, obviously existing acceleration is in could see is, But in while Right. phenomenal looks 'XX. And accentuated of to the 'XX. base

become... will It

is with question next Our from David Stanley. Morgan Arcaro

assumption? are stronger there I pretty fluid could load the X% that that moving tracking here Are from you of growth commentary. like indications just that feel quickly. it on in and commentary seeing be Are here? Great data ahead center you're things

the I how term are think the indications pipeline stronger. could long certainly there evolving, given be is

So into into again, XXXXs way the very the talking building decade, the is that we're and is promising. momentum the

about kind in the going little the terms data the were that few big of impact capital It a piece bit talking that today, being to are due the XX% a it's near of a In meaningful online current little be Dave, not centers a really a hyperscale in very term, if on such results. to years. is just deployed it's small here about, like even bit, swung we have

other there issue see, sense. thinking growth load And Vogtle just overall. makes I item recently. That the let's valve about check the other a the I to And wanted was it. Got on, -- was Yes. X at

extent Just wondering of feedback And any that issue? watch you had anything for on the there. else if of to that kind

operated Vogtle more they the that its Dave, No, X period. over Yes. of unit and factor has the online through and back now worked is than capacity XX% issue

performance new things very we're X happen, Vogtle pleased but So those with of X. with will and units, Vogtle the

Fleishman with question Research. Our from Wolfe Steve next is

center. clarify to wanted on the just First, data

So Does I right? XX gigawatts that those are What firm QX think number by gave on X.X pipeline now? you sound numbers of a gigawatts, mid-XXXXs. commitment of call, the of the

Sure.

take further I'm going even little to think so back progression I you a the to here it is And bit because important.

Georgia originally So was you mentioned of at XX filed IRP the update that gigawatts were our to and where when back as XXXX last we call, we compared gigawatts XX Power. that's the

grown had gigawatts. it So X,XXX

the As here that in we of sit gigawatts is gigawatts today, XX XX.X pipeline. total terms

original commitments last The commitments. a the significant filing change were the mentioned quarter. You from

X.X from earnings today, from gigawatts that X.X then X.X. And last X.X it to went is to call now So gigawatts. the

it. Got

Okay. call, could billion, I system represent And that that? think, on -- The then that they with investment and Morgan's talk on and mentioned just I And That's half growth helpful. implied you likelihood do kind totally your Kinder to SONAT question. of, thoughts would the it? $X of you'll expanding separate think, you

Yes. for Look, early it's really that.

Southern partner $X So total a project yes, billion. capital we're on that XX% that proposed There is is is Natural. a

be share really Our $X.X would It's days. billion. just early

You we're way, brownfield, XX-plus percent, there. it. evolve. rights very know encouraged I these a believe, tremendous how projects of by opportunity existing Look, it's

from solidified right that But bit outlook. in once opportunity. of will perspective, approval road this reflect has it's a all more, time, FERC of down kind at of our still thing more a said, some terms We encouraging the in an that's the that kind little traction -- there's

I thing early on think process. that it's in only but very Dan I just add, the would Steve, it, said

just the thing diligence time, I I But in to that there's point be a note in deal early on think great at think to that's is done. very consideration. think I of this

question... last And Okay.

the this extent wise, be to load the say opportunity we're the everything has capacity can to gas policy excited like is important. served this about else the is it's large important road is done, really we To that just that mean get this more happening, right? to for it extent all I Going that down with

And so supportive. we're super

we a building let that. add more lot of Steven, mean and thing talk one the me -- country, on Yes, infrastructure. I about importance this

it's kind some this embrace So early for move but But economy on. that need going these forward. happen support very to and must us, it's country forward must on, to things things of this just

data remind data back for pipeline Okay. just centers. One on you define what last question, topic centers? relative first firm you -- to to commitments Can going just my how me

Yes.

we're for commitment essentially our a the to a particular at provide So commitment is commitment us territory. characterizing be to these It's within signed elements level have And customer of commitments by request service the around pricing, by service where commitments a the service. commitments goes local key if ramp. those of for commitments then papering, around the kind further lot kind infrastructure, of to will, that a you beyond it's

here. stages different there's So clearly

And are I because completely time, because word is takes takes. we right this, services were puts fact, unreversible. megawatts think, the in you over for really But and characterize the I for with a argue commitments, still ago, importantly, Reality commitment in there have what going net-net, fixed and there's is up. what's and like right sounds these the Steve, something these that's in requests with to there. we and the ourselves shared nomenclature minutes few numbers puts this

in this orderly load is, process, went we of through process real. go confirming last in internal fact, that call, this guess, we this, through I And Steve, that earnings terms

they to in these selected disciplined make they've if that to we you look through demonstrated go real, each are as development understand as market a utility know I the at how orderly plays it of very business for what's -- in that, process very a we're well and of because terms that commitment I time. state, real so so we us long for [indiscernible] mean which companies. I -- works We kind our how mean, look the and actually, so some and day with the to for they've every a discipline out. been means very, sure remember engaging we've that's to projects that And mean, know of and have in what commitment. But it's in we it important the customers. them, this

So we working on this. spend time a lot of

load, things last may the commitment but get load There's just does just further we -- risk that Steve, so for alluded but to not our that importantly, We mean much. I'll There's clarify, that adjustment And will peak not in know there. to extent, know I'll it's delayed. to show from not be actual forecast. up thing, us that there'll

this also we adjusting risk we're be the forecast. as with but beyond level can conservative as to So pragmatic commitment

growth initial you're the Georgia lastly, that of rate, at filing. 'XX based end that then Power X% off numbers when the was for And you the at gave of the

So that was...

potential the is we Yes, the I filing. are there and evolve, at what for where those that's XXXX to will think time IRP we see of

next Our with is from Nick Barclays. Campanella question

affect that questions coming how could but potential A anything? be if could plans the remind portfolio the you what answered, lot table, for been DOE there's your just of us I hopefully, up guess financing soon. just on maybe just have and been But know that enter and overall to I that's loans can

Sure. Nick, happy to.

qualifying billion numbers, know, to could -- as the there's qualified so to range be we qualify [ could for -- in allows round years amount. we I with look, and of the to capital loan this. details don't eligible the this program $XX X devil that be to XX% over process through capital ] There believe $XX next, office. of the or X in financed big the work DOE billion that the And up the be So

X created to benefit of a could Xx, X potentially with program Xx terms over which that's the through debt Again, customers. loan source what markets. could of relative and X had a X not financing the there. customers amount Vogtle that done size Vogtle the be program program, in is of savings capital unlike we low-cost So potential tremendous this and for very a be significant Implication to the time, that of tremendous

pandemic. the -- economic side? lowest economic guess just maybe notice question that. indicators this your very help your heard all indicators can't I to roll. some peers' and on strong. industrial be the about calls earnings appreciate on that one call, conceptual development just continue And now of are starting season, tailwinds this we've ISM to here, I but morning waiting On is, then their you this and development think? maybe the since X% all to for territory, question in economic I kind X% were you And of up And this what's your to at come. it just is being differentiating just my guys conservative outlook to service chalking

talked call No, the the on climate, performance it about state Alabama a reliability the business to in. have here, and recognized by as company, and CNBC living we top do of earlier our and was that this of transportation about access kind the the territory, of and the business recently cost resources in we hubs

advancements And so there. great

this very that I part made So the to occurring a of and of make has long time the continues across country of think collection been period southeastern things attractive a attractive. really territory -- has for

things think so And good going lot forward. I we a of have

so projects And about shows currently Southeastern our the excited the in -- of of in the our of states. all up kind we're states it in all of are. And that in are pipeline queue business, where we

of for also integrated we well a think states speaks And it model vertically good this and the business. think kind supports are. come to characteristics and I is also, place our of So I where -- do our

ISI. Evercore next Chopra Our with Durgesh from question is

there think above there phenomenal XXXX the but materially we your like and obviously your base, plan, the about year-to-date weather. guidance year are you've some forward-looking started as one-timers Dan, Just in

benefits and just trying we to to I'm are X%, as you be guidance our at 'XX So should 'XX, about the X% rebate EPS one-time you -- you and beyond, the exclude will. you QX, think of you think provide to if what are estimates this or XXXX? going when whenever these of in new models base

kind years of for of base way us heard you X% X% is and is sun think to the notion weather to current $X.XX. year. $X.XX Durgesh, the so describe fixing XXXX, shining, mentioned in about maintenance the this the -- advancing as an roof guidance The example, out you the of The while future to

opportunities course weather, On is taking the over have what of you If managing we're O&M sign short years, where a the our probably other spend time. XXXX time like at less. flexibility term, more that to summers, we Year-to-year, over of again, example, wave, milder flattish to down back spend. look in it's being doing of average, because the winters, warmer-than-normal a we advantage colder-than-normal such have great it's

And so of a results things. year we're year regular characterized to be kind and sustainable in despite might managing one- what as out predictable

then And debt. FFO to follow-up one and on credit metrics quick just

outperformance is get here and the as XX% this year, believe, given the of of think I XXXX. about the trending by QX we outlook towards the end XXXX? of this in strengthened the end of I by to end year-to-date think -- you from the call, that but planning were year XX% kind XX% this then in period does How

are we were. where think I we

Chris allude being range. and maybe in not heard the to I You the we're top half if of disappointed

terms where described of it. XXXX. how incremental are exactly we benefit for on, maybe were you the in some But trajectory So we're there's and we I think

Our next with Tonet JPMorgan. question from Jeremy is

that if in come season. I back Southern to to could, was just SONAT wondering share others was with wanted or Just you're came if expansion, I was largely that [indiscernible] the any open and there. good able there the interest in whether demand color there to for on

premature. early it's that insight at this process. very just on very It's mean we perspective the I Jeremy, have in time. or think no I

that backdrop interested back then of rotation current for as the you And you wondering, assets Fair the think as about sit exposure here? any changing load is how in enough. just growth. business you it. Got Is -- jurisdictional today, electric mix might there be in

hone we're We've today. the mean lot got jurisdictions over we is to I and Southern complements it Power. I have. great We've portfolio the to there. think large. years it kind done gas of Yes. of the we work great electric love a don't portfolio with got at We've

there's here we as designs So on today. anything like no that sit certainly no,

question Miller next from our Travis with And is Inc. Morningstar

conversation. center to the data Back

those of coming you hurdles and and through those risk regulatory of hurdles, face fruition? numbers are that you the numbers to what that, the adjustment in of go terms you about actually regulatory state some talked As and that adjusting risk about all thinking

take [indiscernible] Travis it's our as of the that. costs understanding are projects, costs to pricing load, the commissions that also incremental marginal are, customers these make needs what and risks price last are confirm had reality really sure to are we what the on to fully working that and their pretty we place we with go understand detailed to a understanding to we back conversation the going that the call, how the

to we we that this, to of rest we're pressure. sometimes providing downward when benefits of -- we what terms refer in the customers the also do So as

So jurisdictions to reality just having adjusting, then and do commitments, also same the of and the but then reality process with we conversation financial that the understanding pricing and and in of risk regulatory kind implications. confirm as work understanding terms

feel their this but work that work thing through have kind also good respective so ability commissions, to And really this the one I about orderly customers. that this through is the process with to with we of

marketplace. looks chaos to just our a like of sometimes feel give of lot I in So kind real process order what this good about to

framework wherewithal, we all think we to the and a sure provides constructive have in orderly I have benefits is makes stakeholders. I way these environments, that we the the to this, have and disciplined regulatory we have and that do experience, think,

official state sign-off? regulatory? regulatory you of each those Or can contracts without do And those sign-off negotiate regulatory sure. need Sure,

negotiate Yes, without approval. we regulatory that can

data Alabama real total might the then Mississippi there? long-term or C&I And good. get growth center timing in quick, in Very planning when what's terms information and of more on load Okay. we load process

I basis, at mean, happens their But those commissions on we it's regular on You'll for look issues at plans a and that think, take annually. show and needs I different as a I than conversations, what that in mean the little Georgia. certification. to see they'll the look up,

conclude are any And question-and-answer that today's will closing Sir, remarks? there session.

and be we performing Thanks with for about good we're being where future. the we're as be everybody, excited time for company us. incredibly We thanks, taking us today feel executing are safe. to and about with and Again, how and a

Company's Southern Earnings The Second Quarter and Call. XXXX Ladies Thank concludes you. gentlemen, this

disconnect. now may You