Risk Factors Update Summary
- The company incurred a pre-tax charge of $1 billion to reflect revised estimates for Plant Vogtle Units 3 and 4.
- Coal deliveries were delayed due to labor shortages, but returned to normal levels by the end of 2023.
- Southern Power's top three customers now comprise 19% of total revenues, down from 22%.
- Southern Nuclear now operates seven existing units, generating 27% of total KWHs, up from 22%.
- Forward curves project natural gas prices to remain in the mid-to-high $3 per mmBtu range through 2030.
- The company incurred a pre-tax charge of $2.4 billion to reflect revised estimates for Plant Vogtle Units 3 and 4.
- The company's goodwill decreased from $5.2 billion in 2022 to an undisclosed value in 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=41091&owner=exclude
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