Southern Company approves 211th consecutive quarterly dividend

ATLANTA – Southern Company’s board of directors today approved a regular quarterly dividend of 33½ cents a share on the company’s common stock, payable Sept. 6, 2000, to shareholders of record Aug. 7, 2000.

This marks the 211th consecutive quarter – dating back to 1948 – that Southern Company has paid a dividend to its shareholders. The quarterly dividend equals an annual rate of $1.34 per share.

Southern Company plans to announce its second-quarter 2000 financial performance results July 18.

Southern Company (NYSE: SO) is an international energy company that operates more than 48,000 megawatts of electric generating capacity worldwide. It is the largest producer of electricity in the United States and one of the world’s largest independent power producers. Southern Company subsidiaries and their affiliates serve 12 million retail customers worldwide and millions more through the wholesale market. Based in Atlanta, Southern Company is the parent firm of Alabama Power, Georgia Power, Gulf Power, Mississippi Power and Savannah Electric.

Southern Company has operations in 13 countries on five continents and has a growing presence in North America outside the Southeast. Southern Company also provides energy-related marketing, risk management and technical services in the United States and Europe and offers Southern LINC wireless telecommunications.