Southern Company CEO on Earnings, Climate Trade

This morning Southern Company's Chairman & CEO David Ratcliffe joined me exclusively to talk about the company's earning announcement and, more importantly, the future of climate trade.

We covered a lot of ground from the health of the economy to the issues associated with cap-n-trade.

With regard to the U.S. consumer, Mr. Ratcliffe said, "the consumer is very cautious. They're hunkering down. Hoping we get some stability here."

Mr. Ratcliffe on the economy: "I believe like most economists that we've reached the bottom and we're beginning to see some improvement but this is a very fragile environment. I think next year will be a pretty flat year."

Take a look at what he says about how we consume electricity and why he's building the first nuclear power plan built in this country in 30 to 40 years.