SOUTHERN CO
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
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Acquisitions and Dispositions
(K)ACQUISITIONS AND DISPOSITIONS
See Note 15 to the financial statements in Item 8 of the Form 10-K for additional information.
Construction Projects
During the three months ended March 31, 2024, Southern Power continued construction of the Millers Branch and South Cheyenne solar facilities. At March 31, 2024, total costs of construction incurred for these projects were $272 million, which is primarily included in CWIP.
| Project Facility | Resource | Approximate Nameplate Capacity (MW) | Location | Projected/Actual COD | PPA Contract Period |
|---|---|---|---|---|---|
| Projects Under Construction at March 31, 2024 | |||||
| Millers Branch(a) | |||||
| Phase I | Solar | 200 | Haskell County, TX | Fourth quarter 2025 | 20 years |
| Phase II | Solar | 180 | Haskell County, TX | Second quarter 2026 | 15 years |
| South Cheyenne | Solar | 150 | Laramie County, WY | Second quarter 2024(b) | 20 years |
(a)The Millers Branch project includes an option to expand capacity up to a total of approximately 500 MWs.
(b)Subsequent to March 31, 2024, Southern Power completed construction of and placed in service the 150-MW South Cheyenne solar facility.
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