Utility CEO pay surges amid higher profits, customer struggles
April 21, 2026
Utilities saw poor customer outcomes, lowered standards as they gave CEOs raises
Southern Company is a holding company for electric and gas utilities that serve approximately 9 million customers and businesses. Southern Company operates three electric subsidiaries (Alabama Power, Georgia Power, and Mississippi Power), four gas distribution subsidiaries (Atlanta Gas Light, Chattanooga Gas, Nicor Gas, and Virginia Natural Gas). Southern also operates an unregulated energy development subsidiary known as Southern Power.