Consolidated Net Income and EPS Growth
Consolidated net income attributable to Southern Company reached $1.2 billion ($1.03 per share) in 2026-Q2 compared to $0.9 billion ($0.80 per share) in 2025-Q2, representing a 33.4% increase driven by sales growth, base rate adjustments, lower income taxes, and lower interest expense.
Data Center Acceleration Drives Commercial Demand
Weather-adjusted commercial KWH electricity sales grew 7.4% in 2026-Q2 and 6.0% year-to-date 2026, primarily propelled by expanding power consumption from data centers at Georgia Power.
Georgia Regulatory Stipulation Approved
On May 28, 2026, the Georgia PSC approved a stipulation reducing annual fuel billings by 12.9% (~$394 million) effective June 1, 2026, while authorizing annual cost recoveries of $31 million for ongoing storm restoration and $156 million for accumulated storm assets.