Southern Stock Price, News & Analysis

Georgia Power, a subsidiary of Southern Company (NYSE: SO), has appointed Arthur Tripp as vice president of Economic Development, succeeding Walt Farrell. Tripp, who previously served as state executive director of the USDA Farm Service Agency in Georgia, will lead initiatives to enhance the state's economic prosperity. Georgia Power's economic development team has supported over 1,100 projects, generating more than 214,000 jobs and nearly $89 billion in capital investment. The company serves 2.8 million customers across Georgia and has maintained its position as a top utility for economic development for over 25 years. Tripp brings extensive experience in economic development and policy, having worked as a senior policy advisor and held various leadership positions.

Georgia Power announces its preparedness for the 2025 Atlantic Hurricane Season, which NOAA predicts will be above average. The company highlights its grid infrastructure improvements, including smart automated devices and remote-control capabilities, following their experience with Hurricane Helene in 2024 - the most destructive storm in company history. During Helene, over 1 million Georgians lost power, requiring replacement of 11,000 power poles, repairs to 21,000 spans of wire, and 5,000 transformers. The company received the Edison Electric Institute Emergency Recovery Award for their restoration efforts. Georgia Power emphasizes customer safety and communication through multiple channels including their Outage Alert service, mobile app, and social media platforms. The company serves 2.8 million customers across Georgia and maintains a diverse energy generation portfolio including nuclear, coal, natural gas, and renewables.

PowerSecure, a Southern Company subsidiary, has expanded its alliance with Edged to provide advanced power distribution solutions for sustainable data centers across the United States. The collaboration, which began with the Edged Atlanta campus in 2024, now spans seven major U.S. markets including Chicago, Columbus, Dallas, Des Moines, Kansas City, and Phoenix, with PowerSecure providing 152 MW of critical load capacity. Edged's data centers feature zero water cooling technology, reducing overhead energy use by 74% while supporting AI workloads. PowerSecure's EPA-certified Tier 4 Final PowerBlocks and microgrid solutions deliver ultra-low emissions and enhanced efficiency. The partnership aims to advance sustainable, resilient energy infrastructure for next-generation data centers.

SouthStar Energy Services, a subsidiary of Southern Company (NYSE: SO), has become the first retail energy marketer in the U.S. to pilot MiQ's MethaneScout™ platform, a new methane and greenhouse gas emissions tracking tool. The platform, developed by methane emissions certification leader MiQ, helps assess natural gas supply chain emissions using qualified data sources. MethaneScout evaluates enhanced emissions data throughout the natural gas and LNG supply chains using Data Quality Indicators based on ISO standards. The platform focuses on data reliability, considering factors like recency, geographic relevance, and verification levels. This pilot program precedes MethaneScout's full market launch in summer 2025, demonstrating SouthStar's commitment to emissions transparency and sustainable energy sourcing.

Southern Company announced the pricing of $1.45 billion Series 2025A 3.25% Convertible Senior Notes due June 15, 2028, representing a $200 million upsize from the initial offering. The notes will have a 3.25% annual interest rate paid semiannually and an initial conversion rate of 8.8077 shares per $1,000 principal amount (conversion price ~$113.54 per share). The company expects ~$1.44 billion in net proceeds, with plans to use $1.25 billion to repurchase existing convertible notes. The remaining funds will be used to repay commercial paper borrowings and for general corporate purposes. The offering is expected to close on May 23, 2025.

PowerSecure, a Southern Company subsidiary, has partnered with the PGA TOUR to provide backup power generation for the new PGA TOUR Studios. The 165,000-square-foot multimedia production facility features three PowerSecure PowerBlocks delivering 3750kW of backup capacity, with room for two additional generators. The facility includes eight production rooms, eight audio control rooms, and seven LED studios, capable of managing thousands of feeds and supporting up to 144 cameras.

The setup includes 24/7 monitoring, real-time alerts, and Storm Mode capability for proactive power switching. The Tier 4 Final engines are compatible with both diesel and hydrotreated vegetable oil. This collaboration reinforces Southern Company's existing relationship with PGA TOUR as its Official Energy Company and partner in various golf initiatives.

Southern Company (NYSE: SO) has announced a $1.25 billion offering of convertible senior notes due June 15, 2028, with an additional option for purchasers to acquire up to $200 million more. The notes will be senior, unsecured obligations with semiannual interest payments. Prior to March 15, 2028, conversion will be limited to specific events and periods. Upon conversion, Southern Company will pay cash up to the principal amount and may settle the remainder in cash, common stock, or a combination. The company plans to use the proceeds to repurchase portions of its existing convertible notes (Series 2023A and 2024A), repay commercial paper borrowings, and for general corporate purposes. The offering is being made through private placement to qualified institutional buyers under Rule 144A.

Georgia Power (NYSE: SO) has commenced construction on 765 megawatts (MW) of battery energy storage systems (BESS) across four Georgia counties. The projects, authorized by the Georgia Public Service Commission, include: Robins BESS (128 MW) in Bibb County, Moody BESS (49.5 MW) in Lowndes County, Hammond BESS (57.5 MW) in Floyd County, and McGrau Ford Phase I & II BESS (530 MW) in Cherokee County. All projects are expected to be operational by late 2026.

The company plans to procure an additional 1,000 MW of battery storage in coming years, including a 13 MW demonstration project at Fort Stewart Army Installation. Georgia Power is also launching customer-focused initiatives, including a Customer-Sited Solar Plus Storage Pilot targeting 50 MW of capacity for residential and small commercial customers.

Southern Company (SO) reported strong Q1 2025 earnings of $1.3 billion, or $1.21 per share, up from $1.1 billion ($1.03 per share) in Q1 2024. Excluding certain items, adjusted earnings were $1.4 billion ($1.23 per share), compared to $1.1 billion ($1.03 per share) in the previous year. Operating revenues saw significant growth, reaching $7.8 billion, a 17% increase from $6.6 billion in Q1 2024. The improved performance was driven by higher utility revenues, partially offset by increased non-fuel operations, maintenance expenses, and depreciation. The company continues to focus on serving its 9 million customers while emphasizing reliable and affordable energy delivery.