Welcome to our dedicated page for Southern news (Ticker: SO), a resource for investors and traders seeking the latest updates and insights on Southern stock.
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 Power (NYSE:SO) announced that the Southern Power Foundation has awarded a grant to the Haskell Volunteer Fire Department in Haskell County, Texas. According to Southern Power, the funds were used to equip a quick response brush truck serving areas near the Millers Branch Solar Facility.
The truck features a high-capacity pump, remote-controlled nozzles, a front-mounted winch and enhanced lighting, aimed at improving emergency response. The Foundation supports educational, environmental and community-focused initiatives across the company’s service footprint.
Southern Company (NYSE: SO) priced $725 million of Series 2026A 2.125% Convertible Senior Notes due December 15, 2027 and $1.65 billion of Series 2026B 3.50% Convertible Senior Notes due September 15, 2029 in Rule 144A private placements, upsized by $75 million and $150 million, respectively.
Initial purchasers have 13 days to buy up to an additional $108.75 million of 2026A and $247.5 million of 2026B notes. The 2026A notes convert at 9.5641 shares per $1,000 (conversion price ~$104.56, a 12.5% premium); 2026B at 8.4389 shares (conversion price ~$118.50, a 27.5% premium), subject to adjustment. Net proceeds are estimated at ~$721 million (2026A) and ~$1.63 billion (2026B), to be used to repurchase about $369 million principal of 4.50% Series 2024A notes for ~$403 million, repay short-term debt and for general corporate purposes.
Southern Company (NYSE: SO) announced private offerings of $650 million aggregate principal amount of Convertible Senior Notes due December 15, 2027 and $1.5 billion due September 15, 2029 to qualified institutional buyers under Rule 144A. Initial purchasers are expected to receive options to buy up to an additional $97.5 million of 2027 notes and $225 million of 2029 notes.
The notes will be senior, unsecured obligations, pay semiannual interest, and be convertible under specified conditions, with settlement in cash, common stock, or a combination at Southern Company’s election. According to Southern Company, net proceeds will be used to repurchase portions of its outstanding convertible notes, repay short-term debt, and for general corporate purposes.
Southern Company (NYSE: SO) subsidiary Georgia Power is reinvesting in Plant Bowen in northwest Georgia, marking construction of two new combined-cycle natural gas units adding nearly 1,500 MW of generation and a 500 MW battery energy storage system to meet rising electricity demand.
The projects are part of Georgia PSC‑approved plans and an up to $26.5 billion DOE loan package supporting eligible reliability, transmission and grid modernization investments in Georgia and Alabama. According to Georgia Power, over the loans’ roughly 30‑year term, customers are expected to see about $7.3 billion in electricity savings.
Georgia Power highlights more than 95% reductions in key air emissions at Plant Bowen, recycling of 85% of ash and gypsum, and community impacts including over 400 current jobs, about 1,000 construction roles and property tax contributions in Bartow County expected to more than double.
Southern Company (NYSE: SO) reported second-quarter 2026 net income of $1.2 billion, or $1.03 per share, up from $0.9 billion, or $0.80 per share, in 2025. For the first half of 2026, net income was $2.5 billion, or $2.24 per share, compared with $2.2 billion, or $2.01 per share, a year earlier.
On a non-GAAP basis, net income excluding items was $1.289 billion, or $1.13 per share, versus $1.014 billion, or $0.92 per share, in Q2 2025; year-to-date, this measure was $2.775 billion, or $2.46 per share, versus $2.369 billion, or $2.15 per share. Q2 2026 operating revenues were $6.98 billion versus $6.97 billion, with year-to-date revenues of $15.4 billion versus $14.7 billion. Traditional electric operating companies increased net income to $1.269 billion in Q2 2026, while Southern Power reported a $25 million loss and Southern Company Gas earned $126 million.
Georgia Power (NYSE: SO) has inaugurated the Moody Battery Facility near Valdosta, adding 49.5 MW of battery energy storage paired with solar, capable of discharging over four hours. The project, completed ahead of schedule, supports grid resiliency and helps meet Georgia PSC-approved growing power needs.
The Moody BESS is part of a broader program that includes nearly 715 MW of battery projects nearing completion and more than 3,000 MW of additional approved storage statewide, plus 350 MW of new solar-plus-storage capacity at sites across Georgia.
Alabama Power (SO) announced that Tom Hand and Mike Kemp Sr. have been elected to its board of directors. Hand leads professional services firm Volkert and holds multiple industry and civic roles. Kemp is CEO of KMS Family of Companies and serves on several corporate and community boards.
Southern Company (NYSE: SO) has joined President Donald Trump's Ratepayer Protection Pledge, aligning its growth strategy in artificial intelligence (AI) and advanced technologies with a focus on rate stability and reliability for customers across the Southeast. According to Southern Company, its Georgia Power and Alabama Power subsidiaries currently operate under multiyear base rate freezes.
The company highlighted an up to $26.5 billion Department of Energy loan package announced in early 2026, estimated to generate $7 billion in customer benefits by lowering energy costs and strengthening the grid. Southern Company also cited OpenAI's planned $20 billion project in Effingham County, Georgia, where OpenAI will cover full infrastructure and electric service costs and provide up to 1,000 megawatts of flexible demand response to support grid reliability and long-term customer savings.
Georgia Power, a subsidiary of Southern Company (NYSE: SO), will serve a new OpenAI project in Effingham County, Georgia under a 25-year agreement. OpenAI will fund all infrastructure and electric service costs and is expected to require about 3,200 MW of power.
According to Georgia Power, OpenAI has committed up to 1,000 MW of flexible demand response, allowing Georgia Power to curtail load during peak times to support grid reliability and potentially reduce future generation needs. The project is expected to bring thousands of jobs and billions of dollars in investment to the local community.
Southern Company (NYSE: SO) declared a regular quarterly dividend of $0.76 per share on its common stock. The dividend is payable on September 8, 2026, to shareholders of record as of August 17, 2026. Southern Company highlights that it has paid a dividend equal to or greater than the prior quarter for 79 consecutive years.