ALABAMA POWER CO
For the period ended Jun 30, 2026. Filed Jul 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.
Jun 30, 2026 · Filed Jul 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 six months ended June 30, 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 June 30, 2026, the total cost of construction incurred for the Millers Branch project was $718 million, of which $408 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 June 30, 2026 | |||||
| Millers Branch | |||||
| Phase II | Solar | 180 | Haskell County, TX | Third quarter 2026 | 15 years |
| Phase III | Solar | 132 | Haskell County, TX | Fourth quarter 2026 | 15 years |
| Projects Completed During the Six Months Ended June 30, 2026 | |||||
| Millers Branch | |||||
| Phase I | Solar | 200 | Haskell County, TX | February 2026 | 20 years |
Wind Repowering Projects
During the six months ended June 30, 2026, Southern Power continued the development projects to repower the Kay, Grant, Grant Plains, Wake, and Bethel wind facilities. At June 30, 2026, the total cost of construction incurred related to the projects was $598 million, of which $409 million remains 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 | Actual/ProjectedCompletion Date |
|---|---|---|---|---|
| Projects Under Construction at June 30, 2026 | ||||
| Kay(a) | Wind | 200 | Kay County, OK | July 2026(b) |
| 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 |
(a)The facility has a total capacity of 299 MWs, of which 200 MWs was projected to be repowered and is contracted under a PPA.
(b)During the first six months of 2026 and subsequent to June 30, 2026, Southern Power placed all 200 MWs of repowered capacity in service.
Natural Gas Turbine Upgrade Projects
In the first quarter 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 fourth quarter 2030. At June 30, 2026, the total cost of construction incurred related to the projects was $82 million, which is included in CWIP. 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.