GEORGIA POWER Business Summary

Georgia Power Company, the largest subsidiary of Southern Company (NYSE: SO), operates as a vertically integrated regulated utility providing electricity to approximately 2.8 million customers across 155 of Georgia’s 159 counties. The company generates revenue through a cost-of-service regulatory model, where rates for residential, commercial, and industrial segments are determined by the Georgia Public Service Commission. Its primary business segments encompass the generation, transmission, and distribution of electric power, supported by a diverse energy portfolio that includes natural gas, coal, solar, and the nation’s newest nuclear units at Plant Vogtle (Units 3 and 4). In the regional energy landscape, Georgia Power competes for industrial load and infrastructure investment against major Southeast peers such as Duke Energy, NextEra Energy, and Dominion Energy. It maintains a dominant market position as the primary electricity provider in Georgia, distinguished by its massive scale and recent multi-billion dollar investments in nuclear baseload and grid modernization. The executive leadership team is led by Chairman, President, and CEO Kim Greene, a 34-year industry veteran who previously served as CEO of Southern Company Gas and held executive roles at the Tennessee Valley Authority (TVA). Supporting the financial strategy is Tyler Cook, Senior Vice President, CFO, and Treasurer, who has held various leadership positions within Southern Company since 2000, focusing on enterprise transformation and financial planning. The company is overseen by Southern Company’s corporate leadership, including CEO Christopher Womack, and is governed by a board of directors featuring prominent regional figures and external advisors from the Georgia business community. As a wholly owned subsidiary, Georgia Power’s capital structure is anchored by Southern Company, which is heavily held by institutional investors including Vanguard, BlackRock, and State Street.