Southern Company announces changes to executive management team
PRNewswire-FirstCall
NYSE: SO

ATLANTA - Jan. 28, 2008 - Southern Company Chairman, Chief Executive Officer and President David M. Ratcliffe today announced a number of changes to the company's executive management team.

"These changes are part of our on-going effort to develop the next generation of Southern Company leaders while continuing to focus on delivering superior service, customer satisfaction and shareholder value," said Ratcliffe.

The following appointments will be effective Feb. 1

  • W. Paul Bowers will become executive vice president and chief financial officer of Southern Company. Bowers currently serves as president of Southern Company Generation.
  • Thomas A. "Tom" Fanning will become chief operating officer of Southern Company. Fanning will have responsibility for Southern Company Generation -- which includes non-nuclear generating facilities and environmental affairs -- Southern Power and Southern Company Transmission. Fanning will continue to lead Southern Company's efforts on business strategy and associated planning issues. Fanning currently serves as executive vice president and chief financial officer.
  • G. Edison "Ed" Holland will continue in his role as executive vice president and general counsel but will assume additional responsibilities for external affairs.
  • C. Alan Martin will become president and CEO of Southern Company Services. In this role, Martin will oversee SouthernLINC Wireless, the company's wireless communication subsidiary, as well as be responsible for the information technology, procurement, market research, and air transportation functions, along with a soon-to-be combined human resources function. Martin currently serves as executive vice president, corporate services, Alabama Power.

Effective April 1, all of human resources will be combined under Marsha Johnson, senior vice president of human resources and chief diversity officer, who currently has responsibility for the company's talent acquisition and diversity functions within HR.

In addition, Ratcliffe announced that Dwight Evans, executive vice president, external affairs; Anthony James, executive vice president and president, shared services; and Robert Bell, senior vice president, human resource services, will each retire effective April 1.

"Dwight, Anthony and Robert have more than 100 years of combined service to Southern Company," Ratcliffe said. "Over those years, they made many valuable contributions to our company's success through their leadership, integrity and business acumen."

About Southern Company

With 4.3 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast, one of America's fastest-growing regions. A leading U.S. producer of 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 excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for eight consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at http://www.southerncompany.com/.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained herein is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements regarding shareholder value. 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 of 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, 2006, 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 change, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry and implementation of the Energy Policy Act of 2005, environmental laws including regulation of emissions of sulfur, nitrogen, mercury, carbon, soot or particulate matter and other substances, 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 EPA civil actions against certain Southern Company subsidiaries, FERC matters, IRS audits and Mirant matters; 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, population and business growth (and declines) and the effects of energy conservation measures; available sources and costs of fuels; ability to control costs; investment performance of Southern Company's employee benefit plans; 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 storm restoration cost recovery; 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; the ability to obtain new short- and long-term contracts with neighboring utilities; the direct or indirect effect on Southern Company's business resulting from terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts, including Southern Company's and its subsidiaries' credit ratings; 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 an avian influenza, or other similar occurrences; the direct or indirect effects on Southern Company's business resulting from incidents similar to the August 2003 power outage in the Northeast; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.

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SOURCE: Southern Company

CONTACT: Jason Cuevas of Southern Company, +1-404-506-5333 or
1-866-506-5333, media@southerncompany.com