In August 2022, Alabama Power issued its first sustainability bond, receiving net proceeds of approximately $447M from this issuance (Series 2022C). Alabama Power allocated an amount equal to these net proceeds to eligible green and social categories as defined in Southern Company’s Sustainable Financing Framework.

As shown below, Alabama Power allocated an amount equal to ~$287M of net proceeds to eligible green spend (64%), while the balance of the net proceeds (~$160M, or 36%) was allocated to eligible social spend.

APC 2022C Sustainability Bond Net Proceeds Allocation: $447M

$0 $50 $100 $150 $200 $250 $300 $350 $400 $450
Green: $287M
(64%)		 Social: $160M
(36%)
Renewable PPA:
$287M (64%)		 Diverse Supplier Spend:
$160M (36%)		 Small Business
Supplier Spend:
$1M (<1%)
Wind PPA:
$273M (61%)		 Solar PPA:
$14M (3%)		 Minority-Owned: $25M (6%) Woman-Owned
$128M (29%)		 Veteran Owned: $7M (2%)
Small Business Supplier: $1M (<1%)
Note: totals may not foot due to rounding

Alabama Power allocated an amount equal to the net proceeds to various renewable energy PPAs as well as to a number of diversity-owned and small-business enterprises. As shown below, the environmental and social benefits from this sustainability bond underscore Alabama Power’s commitment to The Power of Good, supporting and improving the communities it is privileged to serve.

Alabama Power 2022C Sustainability Bond Impact Summary

Issuer Series1 Category Number of Suppliers Type /
Designation		 Net Proceeds
Allocated ($M)		 Project In-Service Date Fact Sheet Capacity (MW) Electricity
Generated (GWh)		 Total CO2 Offset
(mt)		 Home Power
Equivalent
Renewable Energy Solar PPA $14 Various (AL)
Wind PPA $273 Various (KS, OK)
Alabama Power 2022C Diverse / Small Business Suppliers 30 Minority-Owned $25
65 Woman-Owned $128
11 Veteran-Owned $7
16 Small Business Enterprise $1

1 Click on the Series to view the Prospectus Supplement

For more information, click here for the Management Assertion and Independent Accountants' Attestation Report.