The Southern Company (SO) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

August 3, 2023 1:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon. My name is Tommy, and I will be your conference operator today. At this time, I would like to welcome everyone to The Southern Company Second quarter 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded, Thursday, August 3rd, 2023.

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

Scott Gammill

Thank you, Tommy. Good afternoon and welcome to Southern Company’s second quarter 2023 earnings call. Joining me today are Chris Womack, President and Chief Executive Officer of Southern Company, and Dan Tucker, Chief Financial Officer.

Let me remind you, we’ll be making forward-looking statements today in addition to providing historical information. Various important factors could cause actual results to differ materially from those indicated in the forward-looking statements, including those discussed in our Form 10-K, Form 10-Q, and subsequent filings.

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

At this time, I’ll turn the call over to Chris Womack.

Chris Womack

Thank you, Scott and good afternoon and thank you for joining us for what is such a pivotal and exciting time for our company. As many of you know, on Monday, we announced that Plant Vogtle Unit 3 successfully achieved commercial operation.

While work remains to bring Unit 4 online, this incredible milestone is something to be celebrated. This decade-plus journey which involved development in global supply chain, managing through a global pandemic, tens of thousands of American craft workers and engineers and millions of labor hours, combined with a group of committed co-owners and regulators that had the courage to support new nuclear power as an option when others didn't prove that we can accomplish monumental things when we share a common vision. Vogtle Unit 3 is now serving Georgia customers with over 1,100 megawatts, a 24-hour, seven-day a week carbon-free electricity.