Georgia Power Pension Plan

Dekia Scott, CIO of Southern Company, oversees the plan's investment strategy. Scott is a CFA charterholder and also serves as co-chair of the Investment Committee for the Community Foundation for Greater Atlanta. Chris Womack, CEO of Southern Company, has ultimate corporate oversight of the pension structure.

The Georgia Power Nuclear Decommissioning Trust is a separate vehicle from the pension plan, holding assets reserved for decommissioning Plant Vogtle and Plant Hatch. It is governed by NRC and FERC regulations rather than ERISA. The pension plan and the decommissioning trust operate as distinct pools under the Southern Company investment umbrella managed by CIO Dekia Scott.

No. Georgia Power maintains its own subsidiary-level defined-benefit plan that is segregated from the pension plans covering employees of Alabama Power, Mississippi Power, and the parent Southern Company. Each utility subsidiary's plan operates with its own asset pool and funding structure under Georgia-specific regulatory oversight.

The plan holds a global private-market real estate portfolio and a dedicated special-situations allocation. This private-markets posture is notable relative to the fixed-income-heavy allocations more common among regulated-utility pension plans, reflecting a deliberate illiquidity budget within the broader asset mix.

As a regulated utility subsidiary, Georgia Power's pension funding levels and asset allocation are subject to scrutiny from the Georgia Public Service Commission. This regulatory overlay creates constraints on risk-taking and liquidity management that differ from those faced by unregulated corporate plans, influencing the plan's liability-driven investment approach.