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Southern Company has raised its five-year capital expenditure plan from $76 billion to $81 billion to address increasing electricity demand from data centers and industrial sites across the Southeast U.S. The utility has contracted 10 gigawatts of large-load demand and anticipates significant growth in commercial sales.

Despite a slight miss in earnings per share expectations for Q4, the company expects adjusted profits to rise by 2026. Southern is also enhancing its natural gas capacity to meet future demands.