ALABAMA POWER CO

Item 8.01. Other Events . On December 2, 2025, the Alabama Public Service Commission (“Alabama PSC”) approved a plan for Alabama Power Company (“Alabama Power”) to keep retail rates stable through 2027. As a part of this plan, Alabama Power will agree to: • A moratorium on any upward rate adjustments associated with Rate Stabilization and Equalization (“Rate RSE”) through 2027; • Maintain the current Rate Certificated New Plant (“Rate CNP”) Compliance factors through December 2027; • Delay the effective date of the Rate CNP New Plant adjustment to recover costs associated with the Lindsay Hill Generation Station acquisition until January 2028 billings; • Maintain the current Rate CNP Power Purchase Agreements factor through March 2028; and • Maintain the current Rate Energy Cost Recovery (“Rate ECR”) interim factor through December 2027. To implement this plan, the Alabama PSC authorized Alabama Power to: • Apply any customer refund amount resulting from Alabama Power’s Rate RSE actual result calculation for 2025 to the Natural Disaster Reserve; and • Utilize the regulatory liability associated with the 2024 nuclear production tax credits (“PTCs”), when monetized, to offset retail cost of service in 2027. Additionally, any future regulatory liabilities associated with nuclear PTCs from 2025, 2026 and 2027, when monetized, will be utilized to offset future retail cost of service (including any under-recovered balances under Rate CNP and Rate ECR), all of which will be subject to Alabama PSC oversight. The Alabama PSC, as part of its routine oversight of Alabama Power’s regulated activities, will monitor weather, natural disasters, changes in fuel markets and other significant unforeseen events that may impact this plan. Should events of that nature occur, Alabama Power will work with the Alabama PSC to determine what responsive steps would be reasonable and appropriate under the circumstances.