The Southern Company reports news about an energy provider serving 9 million customers through electric operating companies in three states, natural gas distribution companies in four states, Southern Power, PowerSecure, fiber optics and telecommunications services. Recurring updates cover earnings, dividend actions and operating developments across Alabama Power, Georgia Power, Mississippi Power, Southern Power and Southern Company Gas.
Company news also includes Georgia Power matters before the Georgia Public Service Commission, including resource planning, capacity procurement, solar resources, transmission and distribution upgrades, grid reliability programs, storm readiness and customer safety communications. PowerSecure updates focus on distributed energy solutions such as utility-scale battery storage, solar generation, backup power and resiliency projects.
Southern Company (NYSE: SO) plans a public offering of equity units with an aggregate stated amount of $1.75 billion. The proposed sale comprises 35 million units at a stated amount of $50 each. Each unit combines a future common-stock purchase contract with two 1/40 beneficial ownership interests in remarketable senior notes, each with $1,000 principal.
The company expects to grant underwriters an option for another 5 million units, representing $250 million, solely to cover over-allotments. It intends to use proceeds to repurchase part of its Series 2024A 4.50% Convertible Senior Notes due June 15, 2027, repay all or part of its short-term debt, and fund general corporate purposes. Repurchase terms remain subject to individual negotiations.
Southern Company (NYSE: SO) reported third-quarter 2026 net income of $2,046 million, up from the same quarter a year earlier. Basic earnings per share rose to $1.77 from $1.55, while net income increased from $1,711 million. Operating revenue grew 13.0% to $8.8 billion. Adjusted earnings, which exclude specified items, reached $2,242 million, or $1.94 per share, versus $1,766 million, or $1.60 per share.
For the nine months ended September 30, net income rose to $4,577 million from $3,925 million; basic earnings per share increased to $4.02 from $3.56. Revenue increased 7.3% to $24.2 billion. Southern Company attributed quarterly adjusted earnings growth to warmer weather, increased usage and customer growth, large commercial and industrial customers, and Southern Power. Higher non-fuel operating expenses, taxes other than income taxes and additional shares partly offset those gains.
Southern Company (SO) announced leadership and operational changes effective January 1, 2027, including Kim Greene becoming president of Southern Company Operations.
Greene will oversee enterprise strategy and the entire generation fleet, including nuclear. Stan Connally will become Georgia Power's chairman, president and CEO. Sterling Spainhour will add responsibility for the Technology Organization, while Sloane Drake will take responsibility for systemwide training.
Mississippi Power, a subsidiary of Southern Company (SO), named Jamie M. Miller senior director of Economic, Workforce and Community Development. The expanded role combines economic development, workforce development, community development and philanthropy under one leader, reporting directly to President and CEO Pedro Cherry. Miller joins from the Gulf Coast Business Council, where he served as president and CEO.
Southern Company (SO) announced a regular quarterly dividend of 76 cents per common share, payable December 7, 2026.
Shareholders of record as of November 16, 2026 will receive the payment. For 79 consecutive years, the company has paid a dividend every quarter equal to or greater than the previous quarter.
Georgia Power, a subsidiary of Southern Company (SO), highlighted customer assistance and energy-saving resources during Energy Efficiency Month. Programs include free home energy audits, rebates and income-qualified assistance.
Typical residential customers using 1,000 kilowatt-hours monthly began seeing approximately $50 in annual savings from lower fuel costs earlier this summer. Georgia Power has committed to stable, predictable rates through at least 2028 following its 2025 base rate freeze. The company expects typical residential customers to save approximately $15 monthly, or about $180 annually, beginning in 2029.
Eligible home improvements may qualify for rebates covering 50% of costs, capped at $1,850 for single-family homes and $1,250 for multifamily units. Qualifying customers may receive a $33.50 monthly discount or free home energy improvements through income-qualified programs.
Alabama Power (SO) completed its Hurricane Isaias restoration efforts on October 14 after the storm caused more than 400,000 customer outages. Crews restored service to approximately 95% of affected customers within roughly 36 hours of beginning restoration efforts.
The most severe damage occurred in Escambia and Monroe counties, where crews rebuilt portions of the electric system. Outage prevention technology helped more than 69,000 customers avoid extended outages, preventing more than 11 million minutes of service interruption. More than 7,400 mutual assistance personnel from 28 states supported restoration. Some families across south Alabama may still be without power despite completion of the company's efforts.
Southern Company (SO) has restored power to approximately 420,000 customers across Alabama, Georgia and Mississippi following Hurricane Isaias. That total was measured as of 6 p.m. ET on October 10, 2026. Approximately 80,000 customer outages remained, primarily in Alabama. More than 6,400 outside personnel are supporting restoration, with utility crews and contractors from 25 states involved.
Alabama Power is staging crews and equipment ahead of Hurricane Isaias to respond in affected areas after the storm passes. More than 5,700 additional resources from 25 states are coming in to help. The company is adjusting work schedules and positioning teams to respond if outages occur, as conditions allow.
As of Friday morning, Isaias had strengthened into a Category 3 hurricane and was expected to approach the northern Gulf Coast Friday night. A hurricane warning covers Alabama's coastal counties and several inland counties. Coastal storm surges of 5–7 feet could occur tonight into early Saturday, with 4–6 feet possible in Mobile Bay.
Georgia Power, a subsidiary of Southern Company (SO), is preparing personnel and resources for potential Hurricane Isaias outages over the weekend.
The company expects damaging winds, heavy rainfall and possible tornadoes in portions of its service territory. Teams have been preparing over the last week for storm damage and outages. Customers are encouraged to prepare now and use GeorgiaPower.com/Storm for safety information and outage updates.