|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the SO 10-K filed Feb 27, 2007. Overview
The major changes in the Company’s financial condition
during 2006 have been the acquisitions of Plant DeSoto in June
and Plant Rowan in September, the continued construction of
Plant Franklin Unit 3, Plant Oleander Unit 5, and the
IGCC, and the completion of the sale of Cherokee Falls
Development of South Carolina LLC (a former subsidiary of the
Company) and its assets to Southern Company’s nuclear
development affiliate. The acquisitions of Plant DeSoto and
Plant Rowan resulted in $409.2 million of utility plant and
working capital in 2006. Total expenditures on current
construction projects are $225.0 million. Other changes
have included the payment of $77.7 million in dividends to
Southern Company and the issuance of $200 million of senior
notes. The Company has received investment grade ratings from
the major rating agencies with respect to its debt.
Table of Contents
MANAGEMENT’S
DISCUSSION AND ANALYSIS
(continued)
Southern Power Company and Subsidiary Companies 2006 Annual Report
|
| |||||||
