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 three series of sustainability bonds totaling nearly $1.9 billion.

Southern Company System Sustainability Bonds: Issuance Information1

$ amounts in Millions
Issuer Date Issued2 Series3 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 Power Jun-2021 2021B 3.10% $325 Jul-2051 605417CD4 $318.7 75% 25%
Georgia Power4 May-2022 2022B 5.125% $800 May-2052 373334KR1 $787.2 TBD TBD
Southern Company System (Total Principal Amount) $1,875 $1,849

1 As of 6/29/2022

2 Click a Date Issued to view the webpage associated with that issuance

3 Click a Series to view its Prospectus Supplement

4 Georgia Power is expected to complete the webpage allocation of proceeds for its Series 2022B Equality Progress Sustainability Bond by May 4, 2023


Per our Sustainable Financing Framework, an issuer has up to 12 months from the time of issuance to allocate net proceeds. As of 6/29/2022, the Southern Company system has completed the allocation of nearly $1.1 billion in sustainability bonds consisting of Georgia Power's Series 2021A ($743 million) and Mississippi Power's Series 2021B ($319 million). We expect Georgia Power to complete its allocation for its Series 2022B Equality Progress Sustainability Bonds issuance by May 4, 2023. As shown below, approximately $720 million and $342 million of net proceeds from sustainability bonds have been allocated to eligible green and social spend, respectively.

Southern Company Sustainability Bonds Impact Summary1

$720 Million

of Net Proceeds

allocated to Eligible Green Spend from
Sustainability Bonds

Carbon Free Electricity

337 Gigawatt Hours

of Carbon-Free Electricity Generated by
Sustainability Bond Projects

Tree

239,209 Metric Tons2

of CO2 Emissions Offset by
Sustainability Bond Projects

Home

31,485 Thousand Homes 3

Powered by
Sustainability Bond Projects

$342 Million

of Net Proceeds

allocated to Eligible Social Spend from
Sustainability Bonds

Minority and Women figures united

87 Minority- and Women-Owned Suppliers

Supported by Sustainability Bonds

Soldier

22 Veteran-Owned Suppliers

Supported by
Sustainability Bonds

Figures with increasing graph line

22 Small Business Suppliers

Supported by
Sustainability Bonds

1 Environmental data as of 12/31/2021; excludes Mississippi Power's 2021B environmental data and Georgia Power's 2022B allocation data, both of which are expected to be reported in 2Q 2023

2 Carbon offset factor = 0.709 based on 2019 methodology per EIA online calculator https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator

3 Number of homes factor = 0.09332 based on EIA average 893 kWh per month electricity consumption for 2020 https://www.eia.gov/tools/faqs/faq.php?id=97&t=3


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.

More information on sustainability bonds at Georgia Power can be found here. More information on sustainability bonds at Mississippi Power can be found 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.