Document:

Exhibit

Exhibit 10(a)26

FIFTH AMENDMENT TO THE SOUTHERN COMPANY 
SUPPLEMENTAL BENEFIT PLAN

WHEREAS, Southern Company Services, Inc. heretofore established and adopted the Southern Company Supplemental Benefit Plan, as amended and restated effective June 30, 2016 (the “Plan”); 
WHEREAS, under Section 6.2 of the Plan, the Benefits Administration Committee (“Administrative Committee”) may amend the Plan, provided the amendment either (a) does not involve a substantial increase in cost to any Employing Company (as defined in the Plan), or (b) is necessary, proper, or desirable in order to comply with applicable laws or regulations enacted or promulgated by any federal or state governmental authority; and
WHEREAS, the Administrative Committee by Resolutions on August 1, 2018 and October 22, 2018, has determined it is appropriate to amend the Plan to clarify certain provisions relating to business divestitures that occurred during 2018 and to provide for cessation of participation for Gulf Power Company Participants due to the divestiture that occurred on January 1, 2019, and to provide for full vesting for such Participants and transfer of their benefits to the buyer’s nonqualified plan.
NOW, THEREFORE, effective as of January 1, 2019, the Plan is hereby amended as follows:
1.
The Plan is hereby amended by deleting paragraphs (c) and (d) of Section 4.3 and replacing them with the following:
 (c)    Florida City Gas.
(1)    Cessation of Participation.  Effective as of July 29, 2018, (i) Pivotal Utility Holdings, Inc. will cease to be an affiliated company of Southern Company Gas for purposes of determining Employing Company status under the Plan; and (ii) Participants who cease to be Employees due to the sale of the stock of Pivotal Utility Holdings, Inc. (holding the Florida City Gas division) or who are included on the list of “Pension Participants” under the Stock Purchase Agreement dated as of May 20, 2018, providing for the sale of the stock of Pivotal Utility Holdings, Inc. will cease to be eligible to participate in the Plan.
(2)    Vesting Acceleration.  Effective as of July 29, 2018, Participants who cease to be Employees due to the sale of the stock of Pivotal Utility Holdings, Inc. (holding the Florida City Gas division) will be deemed to be fully vested in their benefits and Accounts for all purposes hereunder.  

(3)    Spinoff to Buyer’s Plan.  Effective as of July 29, 2018, all liabilities for the payment of benefits accrued under the Plan with respect to Participants who cease to be Employees due to the sale of the stock of Pivotal Utility Holdings, Inc. (holding the Florida City Gas division), or who are included on the list of “Pension Participants” under the Stock Purchase Agreement dated as of May 20, 2018, providing for the sale of the stock of Pivotal Utility Holdings, Inc., will be transferred to one or more nonqualified deferred compensation plans maintained by NextEra Energy, Inc.
(d)    Southern Power Company.
(1)    Cessation of Participation.  Effective as of December 4, 2018, Participants who cease to be Employees due to the sale of Southern Power Company’s equity interests in Southern Company – Florida LLC (holding the Stanton Facility) and Southern Company – Oleander LLC (holding the Oleander Facility), or who are included on the list of “Pension Participants” under the Equity Interest Purchase Agreement dated as of May 20, 2018, providing for the sale of the sale of such equity interests of Southern Company – Florida LLC (holding the Stanton Facility) and Southern Company – Oleander LLC (holding the Oleander Facility) will cease to be eligible to participate in the Plan.
(2)    Vesting Acceleration.  Effective as of December 4, 2018, Participants who cease to be Employees due to the sale of Southern Power Company’s equity interests in Southern Company – Florida LLC (holding the Stanton Facility) and Southern Company – Oleander LLC (holding the Oleander Facility) will be deemed to be fully vested in their benefits and Accounts for all purposes hereunder.  
(3)    Spinoff to Buyer’s Plan.  Effective as of December 4, 2018, all liabilities for the payment of benefits accrued under the Plan with respect to Participants who cease to be Employees due to the sale of Southern Power Company’s equity interests in Southern Company – Florida LLC (holding the Stanton Facility) and Southern Company – Oleander LLC (holding the Oleander Facility), or who are included on the list of “Pension Participants” under the Equity Interest Purchase Agreement dated as of May 20, 2018, providing for the sale of the sale of such equity interests of Southern Company – Florida LLC (holding the Stanton Facility) and Southern Company – Oleander LLC (holding the Oleander Facility) will be transferred to one or more nonqualified deferred compensation plans maintained by NextEra Energy, Inc.

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(e)    Gulf Power Company.
(1)    Cessation of Participation.  Effective as of January 1, 2019, (i) Gulf Power Company will cease to be an Employing Company under the Plan; and (ii) Participants who cease to be Employees due to the sale of Gulf Power Company, or who are included on the list of “Pension Participants” under the Stock Purchase Agreement dated as of May 20, 2018, providing for the sale of Gulf Power Company will cease to be eligible to participate in the Plan.
(2)    Vesting Acceleration.  Effective as of January 1, 2019, Participants who cease to be Employees due to the sale of Gulf Power Company will be deemed to be fully vested in their benefits and Accounts for all purposes hereunder.  
(3)    Spinoff to Buyer’s Plan.  Effective as of January 1, 2019, all liabilities for the payment of benefits accrued under the Plan with respect to Participants who cease to be Employees due to the sale of Gulf Power Company, or who are included on the list of “Pension Participants” under the Stock Purchase Agreement dated as of May 20, 2018, providing for the sale of Gulf Power Company will be transferred to one or more nonqualified deferred compensation plans maintained by NextEra Energy, Inc.
2.
The Plan is hereby amended by deleting Gulf Power Company from the list of Employing Companies in Appendix A.
3.
Except as amended herein by this Fifth Amendment, the Plan shall remain in full force and effect.
IN WITNESS WHEREOF, the Administrative Committee, through its authorized representative, has adopted this Fifth Amendment to the Southern Company Supplemental Benefit Plan, as amended and restated as of June 30, 2016, this 29th day of January, 2019.

	
			
	 
	BENEFITS ADMINISTRATION COMMITTEE

	

	By:
	/s/James M. Garvie

	

	

Name:
	James M. Garvie

	

	

Its:
	Chairperson

3Exhibit

Exhibit 10(a)27

SECOND AMENDMENT TO THE 
DEFERRED STOCK TRUST AGREEMENT 
FOR DIRECTORS OF SOUTHERN COMPANY AND ITS SUBSIDIARIES
WHEREAS, the Grantors entered into the Deferred Stock Trust Agreement for Directors of Southern Company and its Subsidiaries (the “Trust”) as amended and restated effective January 1, 2000, and subsequently further amended effective January 1, 2009; and
WHEREAS, the Grantors desire to amend the Trust in order to reflect Southern Company’s divestiture of one of the Grantors, Gulf Power Company, the removal of Gulf Power Company as a Grantor under the Trust, the addition of Southern Company Gas as a Grantor under the Trust, the transfer of sponsorship of the Deferred Compensation Plan from Gulf Power Company to Southern Company, and the addition of the Deferred Compensation Plan sponsored by Southern Company Gas as a plan subject to the Trust; and
WHEREAS, pursuant to Section 4 of the Trust, the Grantors have the authority to amend the Trust at any time prior to a Preliminary CIC, and in the event of a Preliminary CIC may amend the Trust with the agreement of a majority of the Beneficiaries of the Trust, provided in either case the amendment does not increase the duties of the Trustee; and 
WHEREAS, this Second Amendment to the Trust will not result in an increase to the duties of the Trustee; and
WHEREAS, Sections 1 and 17(k) of the Trust provide that Beneficiaries for these purposes are Directors of the applicable Grantor who are eligible for a benefit under the applicable Plan, and for whom all amounts due under such Plan have not been satisfied; and
WHEREAS, only Gulf Power Company has experienced a Preliminary CIC.
NOW, THEREFORE, the Grantors hereby amend the Trust as follows:
1.
Effective as of the date Gulf Power Company ceases to be a subsidiary of Southern Company, Gulf Power Company shall cease to be a Grantor of the Trust and all references to Grantor thereunder shall no longer include Gulf Power Company.
2.
Effective as of the date of execution of this Amendment by all Grantors, Southern Company Gas shall be a Grantor of the Trust and all references to Grantor thereunder shall include Southern Company Gas.

3.
Effective as of the date of execution of this Amendment by all Grantors, the last sentence of Section 5 of the Trust is amended by removing the word “or” prior to subsection (d) and adding the following at the end of such sentence:
“or (e) upon written representation to the Trustee that all benefits have been paid to Beneficiaries by a Grantor such that the Grantor has no remaining obligations to any Beneficiary covered by the Trust, assets allocated to the Grantor’s separate Trust account shall be returned to the Grantor regardless of any targeted funding level.”
4.
Effective as of the date Gulf Power Company ceases to be a subsidiary of Southern Company, Exhibit A is deleted in its entirety and replaced with the following:
EXHIBIT A
Plans and Arrangements Subject to the Trust

Deferred Compensation Plan for Directors of Alabama Power Company 
Deferred Compensation Plan for Directors of Georgia Power Company
Deferred Compensation Plan for Directors of Mississippi Power Company
Deferred Compensation Plan for Directors of Savannah Electric and Power Company
Deferred Compensation Plan for Directors of Southern Company Gas
Deferred Compensation Plan for Directors of The Southern Company
Deferred Compensation Plan for Directors of Gulf Power Company 
(sponsored by Southern Company)

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5.
Effective as of the date of execution of this Amendment, Section 16(i) of the Trust is deleted in its entirety and replaced with the following:
“(i)    The Grantors:
Southern Company 
Myra C. Bierria
Corporate Secretary
30 Ivan Allen Jr. Boulevard NW
Atlanta, GA 30308”
6.
Effective as of the date of execution of this Amendment, all amounts held by the Trustee under the Trust for the account of Gulf Power Company shall be held by the Trustee under the Trust for the account of Southern Company as plan sponsor of the Deferred Compensation Plan for Directors of Gulf Power Company.
7.
Except as amended herein by this Second Amendment, the Trust shall remain in full force and effect as adopted by the Grantors prior to the adoption of this Second Amendment.

[SIGNATURES ON FOLLOWING PAGE]

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IN WITNESS WHEREOF, the undersigned have executed this Second Amendment to the Trust Agreement as of the 29th day of December, 2018.

	
					
	ALABAMA POWER COMPANY
	 
	MISSISSIPPI POWER COMPANY

	By:
	/s/Ceila H. Shorts
	 
	By:
	/s/Jeffrey A. Stone

	Name:
	Ceila H. Shorts
	 
	Name:
	Jeffrey A. Stone

	Title:
	Corporate Secretary
	 
	Title:
	Vice President & Corporate Secretary

	 
	 
	 
	 
	 

	GEORGIA POWER COMPANY
	 
	SOUTHERN COMPANY GAS

	By:
	/s/Kristi L. Dow
	 
	By:
	/s/Myra C. Bierria

	Name:
	Kristi L. Dow
	 
	Name:
	Myra C. Bierria

	Title:
	Assistant Secretary
	 
	Title:
	Assistant Secretary

	 
	 
	 
	 
	 

	GULF POWER COMPANY
	 
	SOUTHERN COMPANY

	By:
	/s/Jeffrey A. Stone
	 
	By:
	/s/Myra C. Bierria

	Name:
	Jeffrey A. Stone
	 
	Name:
	Myra C. Bierria

	Title:
	Vice President & Corporate Secretary
	 
	Title:
	Secretary

	 
	 
	 
	 
	 

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ACKNOWLEDGMENT AND AGREEMENT
The undersigned, constituting all of the potential Beneficiaries related to Gulf Power Company, hereby acknowledge and agree to this Second Amendment as of the 29th day of December, 2018.
	
		
	 
	/s/Allan G. Bense

	 
	Allan G. Bense

	 
	 

	 
	/s/Deborah H. Calder

	 
	Deborah H. Calder

	 
	 

	 
	/s/Julian B. MacQueen

	 
	Julian B. MacQueen

	 
	 

	 
	/s/J. Mort O’Sullivan

	 
	J. Mort O’Sullivan

	 
	 

	 
	/s/Michael T. Rehwinkel

	 
	Michael T. Rehwinkel

	 
	 

	 
	 

	 
	William A. Pullum

	 
	 

	 
	 

	 
	William C. Cramer, Jr.

Signature Page to Second Amendment to 
Director Deferred Stock Trust Agreement
NAI-1505932775v1

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