A sustainability bond is a bond the proceeds of which are allocated towards the financing or refinancing of eligible projects with environmental and social benefits. Through our subsidiaries Georgia Power and Mississippi Power, the Southern Company system has issued 2 series of sustainability bonds totaling nearly $1.1 billion.
Southern Company System Sustainability Bonds: Issuance Information1
$ amounts in Millions
Issuer |
Date Issued |
Series2 |
Coupon |
Principal Amount Issued |
Maturity |
CUSIP |
Net Proceeds |
% Allocated to Green Spend |
% Allocated to Social Spend |
Georgia Power |
Feb-2021 |
2021A |
3.25% |
$750 |
Mar-2051 |
373334KP5 |
$742.7 |
65% |
35% |
Mississippi Power3 |
Jun-2021 |
2021B |
3.10% |
$325 |
Jul-2051 |
605417CD4 |
$318.7 |
TBD |
TBD |
Southern Company System (Total Principal Amount) |
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$1,075 |
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Per our Sustainable Financing Framework, an issuer has up to 12 months from the time of issuance to allocate net proceeds. As of 2/25/2022, Georgia Power has completed its allocation of an amount equal to the net proceeds it received in its Series 2021A issuance. We expect Mississippi Power to complete its allocation for its Series 2021B issuance prior to July 2022.
Southern Company Sustainability Bonds Impact Summary1
Issuer |
Series2 |
Category |
Number of Suppliers |
Type / Designation |
Net Proceeds Allocated ($M) |
Project |
In-Service Date |
Fact Sheet |
Capacity (MW) |
Electricity Generated (GWh)1 |
Total CO2 Offset (mt)3 |
Total Home Power Equivalent4 |
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Renewable Energy |
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Owned Solar |
$161 |
Robins Air Force Base |
Apr-2021 |
Click Here |
128 |
243 |
172,165 |
22,660 |
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$72 |
Moody Air Force Base |
Jun-2020 |
Click Here |
50 |
95 |
67,044 |
8,824 |
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Solar PPA |
$171 |
Various (GA) |
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Wind PPA |
$76 |
Various (OK) |
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Georgia Power |
2021A |
Diverse / Small Business Suppliers |
55 |
Minority-Owned |
$58 |
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3 |
Woman-Owned |
$139 |
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13 |
Veteran-Owned |
$2 |
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11 |
Small Business Enterprise |
$64 |
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Renewable Energy |
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Mississippi Power |
2021B |
Diverse / Small Business Suppliers |
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TBD |
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The net proceeds from these sustainability bonds have been allocated to eligible projects that provide significant environmental and social benefits, underscoring the Southern Company system’s commitment to not only providing clean, safe, reliable and affordable electricity to customers and communities, but also our company’s goal of achieving net zero carbon emissions by 2050 and being a citizen wherever we serve.
For more information on sustainability bonds at Georgia Power, click here.
For more information on the Southern Company system’s green bond issuances, please click here.
To learn more about Southern Company’s decarbonization efforts, please click here to review our environmental reports.