Southern Company announces dividend

ATLANTA – Southern Company’s board of directors today approved a quarterly dividend of 33½ cents a share, payable Dec. 6, 1999, to shareholders of record Nov. 1, 1999.

This marks the 208th consecutive quarter – dating back to 1948 – that Southern Company has paid a dividend to its shareholders.

Southern Company (NYSE: SO) is an international energy company with more than $35 billion in assets through regional utilities and operations around the world. It is the largest producer of electricity in the United States and one of the world’s leading independent power producers. Based in Atlanta, Southern Company is the parent firm of Alabama Power, Georgia Power, Gulf Power, Mississippi Power and Savannah Electric.

Through its Southern Energy subsidiary, Southern Company supplies electricity in 10 countries on four continents and has a growing presence in North America with assets in the Northeast, the Midwest, California and Texas. Southern Company also provides energy-related marketing, trading and technical services in the United States and Europe and offers Southern LINC wireless telecommunications.