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Variable rate pollution control revenue bonds outstanding

Southern Company Variable rate pollution control revenue bonds outstanding decreased by 11.8% to $1.5B in Q1 2026 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2026Apr 30, 2026

How to read this metric

Lower levels reduce exposure to rising interest rates, while higher levels increase sensitivity to market rate changes.

Detailed definition

The total outstanding balance of debt securities issued to fund environmental compliance projects that carry a variable...

Peer comparison

Many utilities utilize pollution control bonds; the mix of fixed versus variable rates varies based on corporate interest rate hedging strategies.

Metric ID: other_amount_of_variable_rate_pollution_control_revenue__495527

Historical Data

8 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q3 '23Q1 '26
Value$1.4B$1.6B$1.5B$1.5B$1.5B$1.4B$1.7B$1.5B
QoQ Change+14.3%-6.3%+0.0%+0.0%-6.7%+21.4%-11.8%
YoY Change+7.1%-12.5%+21.4%
Range$1.4B$1.7B
CAGR+4.0%
Avg YoY Growth+5.4%
Median YoY Growth+7.1%

Frequently Asked Questions

What is Southern Company's variable rate pollution control revenue bonds outstanding?
Southern Company (SO) reported variable rate pollution control revenue bonds outstanding of $1.5B in Q1 2026.
What does variable rate pollution control revenue bonds outstanding mean?
The amount of debt for environmental projects that has a changing interest rate.