Southern Company Raises Dividend Rate 12th Straight Year; Annual Rate Goes to $2.03 Per Share

Mon Apr 15, 2013 3:45pm EDT

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ATLANTA,  April 15, 2013  /PRNewswire/ -- Southern Company said today it is
increasing its annual dividend by  7 cents  per share to a rate of  $2.03  per
share.

(Logo:   http://photos.prnewswire.com/prnh/20080801/SOCOLOGO  )

The increase marks the 12th straight year that Southern Company has raised the
dividend on its common stock.

Southern Company also announced today a regular quarterly dividend - including
an increase of  1.75 cents  per share on a quarterly basis - of  50.75 cents 
per share, payable  June 6, 2013, to shareholders of record as of  May 6, 2013.
This  marks 262  consecutive quarters - dating back to 1948 - that Southern
Company will have paid a dividend to its shareholders.

"For more than 100 years, Southern Company has provided consistent value for
customers and shareholders alike," said  Thomas A. Fanning, chairman, president
and CEO. "Our long history of providing clean, safe, reliable and affordable
electricity - combined with our industry-leading financial integrity and
commitment to providing solutions through innovation - leaves us well-positioned
to meet the energy and business challenges of the future."

With 4.4 million customers and nearly 46,000 megawatts of generating capacity, 
Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving
the Southeast through its subsidiaries. A leading U.S. producer of clean, safe,
reliable and affordable electricity, Southern Company owns electric utilities in
four states and a growing competitive generation company, as well as fiber
optics and wireless communications. Southern Company brands are known for energy
innovation, excellent customer service, high reliability and retail electric
prices that are below the national average. Southern Company and its
subsidiaries are leading the nation's nuclear renaissance through the
construction of the first new nuclear units to be built in a generation of
Americans and are demonstrating their commitment to energy innovation through
the development of a state-of-the-art coal gasification plant. Southern Company
has been recognized by the U.S. Department of Defense and  G.I. Jobs  magazine
as a top military employer and listed by DiversityInc as a top company for
Blacks. The company received the 2012 Edison Award from the Edison Electric
Institute for its leadership in new nuclear development, was named Electric
Light & Power magazine's Utility of the Year for 2012 and is continually ranked
among the top utilities in Fortune's annual  World's Most Admired Electric and
Gas Utility  rankings. Visit our website at  www.southerncompany.com.

Cautionary Note Regarding Forward-Looking Statements:

Certain information contained in this release is forward-looking information
based on current expectations and plans that involve risks and uncertainties.
Forward-looking information includes, among other things, information regarding
the company's future performance. Southern Company cautions that there are
certain factors that can cause actual results to differ materially from the
forward-looking information that has been provided. The reader is cautioned not
to put undue reliance on this forward-looking information, which is not a
guarantee of future performance and is subject to a number of uncertainties and
other factors, many of which are outside the control of Southern Company;
accordingly, there can be no assurance that such suggested results will be
realized. The following factors, in addition to those discussed in Southern
Company's Annual Report on Form 10-K for the year ended  December 31, 2012, and
subsequent securities filings, could cause actual results to differ materially
from management expectations as suggested by such forward-looking information:
the impact of recent and future federal and state regulatory changes, including
legislative and regulatory initiatives regarding deregulation and restructuring
of the electric utility industry, environmental laws including regulation of
water, coal combustion byproducts, and emissions of sulfur, nitrogen, carbon,
soot, particulate matter, hazardous air pollutants, including mercury, and other
substances, financial reform legislation, and also changes in tax and other laws
and regulations to which Southern Company and its subsidiaries are subject, as
well as changes in application of existing laws and regulations; current and
future litigation, regulatory investigations, proceedings, or inquiries,
including the pending Environmental Protection Agency civil actions against
certain Southern Company subsidiaries, Federal Energy Regulatory Commission
matters, and Internal Revenue Service and state tax audits; the effects, extent,
and timing of the entry of additional competition in the markets in which
Southern Company's subsidiaries operate; variations in demand for electricity,
including those relating to weather, the general economy and recovery from the
recent recession, population and business growth (and declines), the effects of
energy conservation measures, and any potential economic impacts resulting from
federal fiscal decisions; available sources and costs of fuels; effects of
inflation; ability to control costs and avoid cost overruns during the
development and construction of facilities, including the development and
construction of facilities with designs that have not been finalized or
previously constructed, to construct facilities in accordance with the
requirements of permits and licenses, and to satisfy any operational and
environmental performance standards, including the requirements of tax credits
and other incentives; investment performance of Southern Company's employee
benefit plans and nuclear decommissioning trust funds; advances in technology;
state and federal rate regulations and the impact of pending and future rate
cases and negotiations, including rate actions relating to fuel and other cost
recovery mechanisms; regulatory approvals and actions related to the Plant
Vogtle expansion, including Georgia Public Service Commission approvals, Nuclear
Regulatory Commission actions, and potential U.S. Department of Energy loan
guarantees; regulatory approvals and legislative actions related to the Kemper
County integrated coal gasification combined cycle facility, including
Mississippi Public Service Commission approvals and legislation relating to cost
recovery for the Kemper County integrated coal gasification combined cycle
facility, the South Mississippi Electric Power Association purchase decision,
satisfaction of requirements to utilize investment tax credits and grants, and
the outcome of any proceedings regarding the Mississippi Public Service
Commission's issuance of the certificate of public convenience and necessity for
the Kemper County integrated coal gasification combined cycle facility; the
inherent risks involved in operating and constructing nuclear generating
facilities, including environmental, health, regulatory, natural disaster,
terrorism, or financial risks; the performance of projects undertaken by the
non-utility businesses and the success of efforts to invest in and develop new
opportunities; internal restructuring or other restructuring options that may be
pursued; potential business strategies, including acquisitions or dispositions
of assets or businesses, which cannot be assured to be completed or beneficial
to Southern Company or its subsidiaries; the ability of counterparties of
Southern Company and its subsidiaries to make payments as and when due and to
perform as required; the ability to obtain new short- and long-term contracts
with wholesale customers; the direct or indirect effect on the Southern Company
system's business resulting from terrorist incidents and the threat of terrorist
incidents, including cyber intrusion; interest rate fluctuations and financial
market conditions and the results of financing efforts, including Southern
Company's and its subsidiaries' credit ratings; the impacts of any potential
U.S. credit rating downgrade or other sovereign financial issues, including
impacts on interest rates, access to capital markets, impacts on currency
exchange rates, counterparty performance, and the economy in general, as well as
potential impacts on the availability or benefits of proposed U.S. Department of
Energy loan guarantees; the ability of Southern Company and its subsidiaries to
obtain additional generating capacity at competitive prices; catastrophic events
such as fires, earthquakes, explosions, floods, hurricanes, droughts, pandemic
health events such as influenzas, or other similar occurrences; the direct or
indirect effects on the Southern Company system's business resulting from
incidents affecting the U.S. electric grid or operation of generating resources;
and the effect of accounting pronouncements issued periodically by standard
setting bodies. Southern Company expressly disclaims any obligation to update
any forward-looking information.

SOURCE  Southern Company


Southern Company Media Relations, 404-506-5333 or 1-866-506-5333, or Investor
Relations, Dan Tucker, 404-506-5310, dstucker@southernco.com

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