Southern Company receives subpoena concerning investigation in California

ATLANTA – Southern Company has received a subpoena to provide information to a federal grand jury in the Northern District of California (San Francisco). The subpoena covers a number of broad areas, including specific information regarding electricity production and sales activities in California. Southern Company’s former subsidiary, Mirant Corp., participated in energy marketing and trading in California during the period relevant to the subpoena. Mirant was spun off from Southern Company in April 2001. Southern Company will cooperate fully in the investigation.

With 4 million customers and nearly 37,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier super-regional energy company in the Southeast and a leading U.S. producer of electricity. Southern Company owns electric utilities in four states, a fast-growing competitive generation company, an energy services business and a competitive retail natural gas business, 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 15 percent below the national average. Southern Company has been named No. 1 on Fortune magazine’s 2002 “America’s Most Admired Companies” list in the Electric and Gas Utility industry. Southern Company has more than 500,000 shareholders, making its common stock one of the most widely held in the United States. Visit the Southern Company Web site at www.southerncompany.com.

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