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

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

PR Newswire

ATLANTA, April 15, 2013

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

Website: http://www.southerncompany.com
Contact: Southern Company Media Relations, 404-506-5333 or 1-866-506-5333, or
Investor Relations, Dan Tucker, 404-506-5310, dstucker@southernco.com