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Southern Electric Generating Co.
600 North 18th Street
Phone: 205-250-1000p:205-250-1000 Birmingham, AL  35291  United States
This is a Subsidiary, click here for the Parent Company
Business Summary
Southern Electric Generating Company ("SEGCO") operates as a joint venture of Alabama Power Co. and Georgia Power Co. SEGCO's primary asset consists of 1,020 MWs of coal-fired units, which have a power purchase agreement (PPA) with Alabama Power and Georgia Power under which each utility is entitled to 50% of the capacity and energy from the units. Alabama Power manages the operation of the units and provides fuel to the units. The PPA provides SEGCO with sufficient payment to cover its operating expenses, taxes, interest expense and an 11% return on equity (ROE). The terms of the PPA extend automatically for two-year periods, subject to either party's right to cancel upon two years' written notice. Both Alabama Power and Georgia Power recover the capacity and energy purchased from SEGCO through their own capacity and purchased power clauses.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
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Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
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Industries
SIC Code Description
4911 Electric services


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Tuesday, April 9, 2024