Southern Stock Price, News & Analysis

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.

Georgia Power has announced two key leadership appointments to strengthen its corporate responsibility and regional operations. Audrey King has been named senior vice president of Corporate Responsibility and CEO of the Georgia Power Foundation, which supported over 400 organizations in 2024. With 30+ years of experience since 1991, King will lead corporate philanthropy and community engagement initiatives.

Cleve Fann has been appointed senior vice president of Region External Affairs, transitioning from his role in Power Delivery. Fann, who joined in 2000, will oversee regional executives and align strategic planning with customer needs. His leadership of the Grid Investment Program has contributed to high reliability standards across Georgia's communities.

Georgia Power, serving 2.8 million customers across 155 Georgia counties, maintains a diverse energy mix including nuclear, coal, natural gas, and renewables. The company is recognized by J.D. Power for customer satisfaction leadership.

Alabama Power has announced the appointment of Stacey Turner as their new Vice President of Environmental Affairs, effective immediately. In her new role, Turner will oversee environmental compliance, strategy, stewardship programs, and operations.

Turner brings significant environmental law expertise to the position, having previously served as associate general counsel for Environmental Policy and Litigation at Southern Company Services. Her prior experience includes leading a team of lawyers at Georgia Power as their lead environmental lawyer and supporting external affairs. She began her career at Morris, Manning & Martin law firm in Atlanta.

The newly appointed VP holds impressive academic credentials, including:

• Juris Doctor from University of Michigan Law School
• Master's degree from Columbia University's Graduate School of Journalism
• Bachelor's degree in journalism from University of Florida

Southern Company Gas has announced the election of Venessa Harrison, former president of AT&T's Southeast Coastal States, to its board of directors effective April 24, 2025. During her tenure at AT&T, Harrison managed nearly $2 billion in annual network investments, expanding AT&T Georgia's fiber network to over 6.4 million strand miles and achieving nearly 100% wireless coverage across the state.

Harrison led the development of the North Carolina Next Generation Network (NCNGN), which became a template for broadband expansion in other states. She brings expertise in infrastructure expansion, public policy, and innovative customer solutions. Harrison currently serves on several prestigious boards, including the Metro Atlanta Chamber of Commerce and Georgia Chamber of Commerce.

Southern Company (SO) has announced an increase in its dividend by 8 cents per share on an annualized basis to $2.96 per share. This marks the company's 77th consecutive year of maintaining or increasing its dividend payments and the 24th consecutive year of dividend raises.

The company declared a regular quarterly dividend of 74 cents per share, representing a 2-cent increase from the previous quarter. The dividend will be payable on June 6, 2025, to shareholders of record as of May 19, 2025.

CEO Christopher C. Womack highlighted that this decision reflects the company's commitment to providing regular, predictable, and sustainable dividend growth, supported by premier state-regulated utilities and energy infrastructure under long-term contracts.

Georgia Power, serving 2.8 million customers, has received the Emergency Recovery Award from Edison Electric Institute for its exceptional response to Hurricane Helene in 2024. The hurricane, making landfall on September 26, 2024, became the most destructive in the company's 140-year history, affecting over one million Georgians.

The storm's impact included 11,800+ broken power poles, 1,500+ miles of downed power lines, 5,800+ damaged transformers, and 345+ transmission structures requiring repair. A team of 20,000 workers, including crews from New Jersey, California, and Canada, worked to restore power.

Looking ahead, Georgia Power plans to hire approximately 180 lineworkers annually over the next several years, with Power Delivery hiring around 700 positions annually. The company partners with technical colleges offering Electrical Lineworker Apprentice Certification programs, with over 60% of new lineworkers coming from these institutions.