ALABAMA POWER CO
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
View on SEC.govAbout this filing
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, 2026 · Filed Apr 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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, 2026, Southern Power completed construction of and placed in service the 200-MW first phase and continued construction of the 180-MW second phase and 132-MW third phase of the Millers Branch solar facility. At March 31, 2026, the total cost of construction incurred for the Millers Branch project was $692 million, of which $387 million remains in CWIP. The ultimate outcome of these matters cannot be determined at this time.
| ProjectFacility | Resource | ApproximateNameplate Capacity(MW) | Location | Actual/ProjectedCOD | PPAContractPeriod |
|---|---|---|---|---|---|
| Projects Under Construction at March 31, 2026 | |||||
| Millers Branch | |||||
| Phase II | Solar | 180 | Haskell County, TX | Second quarter 2026 | 15 years |
| Phase III | Solar | 132 | Haskell County, TX | Fourth quarter 2026 | 15 years |
| Projects Completed During the Three Months Ended March 31, 2026 | |||||
| Millers Branch | |||||
| Phase I | Solar | 200 | Haskell County, TX | February 2026 | 20 years |
Wind Repowering Projects
During the three months ended March 31, 2026, Southern Power continued the development projects to repower the Kay, Grant, Grant Plains, Wake, and Bethel wind facilities. At March 31, 2026, the total cost of construction incurred related to the projects was $432 million, which is primarily included in CWIP. The repowered output of the facilities is contracted under new and amended PPAs. The ultimate outcome of these matters cannot be determined at this time.
| Project Facility | Resource | Approximate NameplateCapacity(MW) | Location | ProjectedCompletion Date |
|---|---|---|---|---|
| Projects Under Construction at March 31, 2026 | ||||
| Kay(*) | Wind | 200 | Kay County, OK | Third quarter 2026 |
| Grant | Wind | 152 | Grant County, OK | Fourth quarter 2026 |
| Grant Plains | Wind | 147 | Grant County, OK | Fourth quarter 2026 |
| Wake | Wind | 257 | Crosby & Floyd Counties, TX | Second quarter 2027 |
| Bethel | Wind | 276 | Castro County, TX | Third quarter 2027 |
(*)The facility has a total capacity of 299 MWs, of which 200 MWs is projected to be repowered and is contracted under a PPA. During the first quarter 2026 and subsequent to March 31, 2026, Southern Power placed 51 MWs of repowered capacity in service.
Natural Gas Turbine Upgrade Projects
During the three months ended March 31, 2026, Southern Power committed to projects to upgrade certain turbines at its existing Franklin and Wansley natural gas facilities, located in Lee County, Alabama and Heard County, Georgia, respectively. The upgrades are projected to add up to 400 MWs of incremental capacity, with commercial operations projected to begin between the second quarter 2029 and the first quarter 2031. At March 31, 2026, the total cost of construction incurred related to the projects wasimmaterial. The ultimate outcome of these matters cannot be determined at this time.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.