Acquisitions and Dispositions

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Acquisitions and Dispositions

ACQUISITIONS AND DISPOSITIONSSee Note 15 to the financial statements in Item 8 of the Form 10-K for additional information.

Southern Power

Asset Acquisitions

Southern Power's asset acquisitions during the nine months ended September 30, 2023 are detailed in the following table:

Project Facility	Resource	Seller	Approximate Nameplate Capacity (MW)	Location	Southern Power Ownership Percentage	Expected COD	PPA Contract Period
Millers Branch(*)	Solar	EDF Renewables, Inc.	200	Haskell County, TX	100%	Fourth quarter 2025	20 years
South Cheyenne	Solar	Hanwha Q Cells USA Corp.	150	Laramie County, WY	100%	First quarter 2024	20 years

(*)The project includes an option to expand capacity up to an additional 300 MWs.

The aggregate purchase price for the two projects was $193 million, which is primarily recorded within construction work in progress on the balance sheet.

Southern Company Gas

On September 22, 2023, Southern Company Gas completed the sale of its California natural gas storage facility, resulting in an immaterial loss.