Southern Company Provides Earnings Guidance for the Year and First Quarter of 2013 and Provides 3-Year Forecast for Capital Expenditures
For first quarter 2013 earnings per share estimate is $0.51.
The company 3-year forecast for capital expenditures totals $16.5 billion. As in previous years, the largest component of forecast is maintenance, which totals $4.2 billion for the 3-year period. Of the $2.4 billion 3-year total CapEx for Southern Power, approximately $2 billion is allocated as placeholders for potential acquisitions for new self-build projects that fit Southern Power's rigid investment criteria, including the requirement for long-term contracts with creditworthy counterparties.