Item 2.03 — Creation of a Direct Financial Obligation

A new debt obligation was incurred — credit facility, convertible note, term loan, or guarantee.

Item 9.01Financial Statements and Exhibits.10.1Loan Guarantee Agreement, dated as of February 20, 2026, between Alabama Power and the DOE, as guarantor10.2Note Purchase Agreement, dated as of February 20, 2026, among Alabama Power, the FFB and the Secretary of Energy, acting through the DOE 10.3Form of Promissory Note of Alabama Power to the FFB10.4Loan Guarantee Agreement, dated as of February 20, 2026, between Georgia Power and the DOE, as guarantor10.5Note Purchase Agreement, dated as of February 20, 2026, among Georgia Power, the FFB and the Secretary of Energy, acting through the DOE 10.6Form of Promissory Note of Georgia Power to the FFB104Cover Page Interactive Data File – The cover…

Item 1.01 — Entry into a Material Definitive Agreement

A new material agreement was signed — financing facility, partnership, license, or major contract.

Item 2.03Creation of a Direct Financial Obligation or an Obligation Under an Off‑Balance Sheet Arrangement.Credit Facilities The Alabama Power FFB Credit Facility Documents provide for a multi-advance term loan facility under which Alabama Power may make term loan borrowings through the FFB (the “Alabama Power Credit Facility”). The Georgia Power FFB Credit Facility Documents provide for a multi-advance term loan facility under which Georgia Power may make term loan borrowings through the FFB (the “Georgia Power Credit Facility” and, together with the Alabama Power Credit Facility, the “Credit Facilities”).