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.
Georgia Power, a subsidiary of Southern Company (NYSE: SO) serving 2.8 million customers, has been ranked #1 for business customer satisfaction among Large Utilities in the South by J.D. Power in its 2024 study.
The company has implemented several improvements over the past two years, including:
- Monthly tailored email communications with business-specific energy reduction strategies
- Enhanced website experience at GeorgiaPower.com/Business
- Personalized service through key account managers for large customers
The satisfaction ranking was based on six factors: power quality and reliability, price, billing and payment, corporate citizenship, customer contact, and communications. The company offers various tools and resources for businesses, including the Business Energy Advisor tool for optimizing electric pricing and accessing industry-specific efficiency tips.
Southern Company (SO) has announced it will release its first-quarter 2025 earnings on Thursday, May 1, 2025, at 7:30 a.m. ET. The company will host a conference call at 1 p.m. ET the same day, featuring Chairman, President and CEO Christopher C. Womack and CFO Daniel S. Tucker to discuss the quarterly results with financial analysts.
A live webcast of the conference call will be accessible to investors, media, and the public through the company's investor relations website. The webcast recording will remain available for replay on the site for 12 months.
Southern Company (SO) and EPRI have announced a new Emerging Technologies Pilot Program (ETP) to accelerate the validation and deployment of innovative energy solutions. The collaboration combines Southern Company's energy distribution capabilities with EPRI's Incubatenergy Labs program expertise.
The program aims to streamline technology implementation processes and reduce the time to value for new energy solutions. Key benefits include:
- Accelerated pilot selection through EPRI's evaluation process
- Enhanced resource utilization leveraging EPRI's expertise
- Reduced risk through a 'sandbox' environment for technology demonstration
The initiative will focus on identifying critical strategic needs, with EPRI connecting suitable technology companies to meet Southern Company's business objectives. The program will prioritize the most promising concepts for potential future development.
Southern Company Gas has announced the appointment of Walt Farrell as president and CEO of Atlanta Gas Light and Chattanooga Gas, effective March 31, 2025. Farrell will oversee southern operations serving approximately 1.8 million customers across Georgia and Tennessee.
Farrell joins from his current position as vice president of economic development at Georgia Power, where his team earned recognition as a 'Top Utility in Economic Development' by Site Selection magazine for the 26th consecutive year in 2024. His previous experience includes roles at the Georgia Department of Economic Development and positions with Electric Cities of Georgia and MEAG Power.
In his new role, Farrell will serve on the Southern Company Gas Management Council, focusing on delivering clean, safe, reliable, and affordable natural gas to customers across both states.
Georgia Power and state lawmakers gathered at the Georgia State Capitol to honor lineworkers for their response during Hurricane Helene, recognized as the most destructive storm in the company's 140-year history. The State Senate passed Resolution 253, declaring March 11, 2025, as Georgia Linemen Day.
During Hurricane Helene, lineworkers worked up to 18-hour days in hazardous conditions to restore power across Georgia. The resolution acknowledges their important role in maintaining the state's electrical infrastructure and emergency response capabilities.
Kim Greene, chairman, president and CEO of Georgia Power, praised the lineworkers' unwavering commitment. The recognition precedes the annual Lineworker Appreciation Month in April, during which Georgia Power crews will share their Hurricane Helene experiences through the company's social media channels.
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), announced the appointment of Pedro Cherry as its new president, while Anthony Wilson will continue as chairman and CEO until summer. Cherry brings 30 years of energy industry experience, including 25 years within the Southern Company system.
Cherry previously served as president and CEO of Atlanta Gas Light and Chattanooga Gas, overseeing approximately 1.8 million customers. His prior role as executive vice president of Customer Service and Operations at Georgia Power involved leading 5,000+ employees and managing electric systems serving 2.6 million customers.
The announcement comes during Mississippi Power's centennial year, with the company currently serving more than 192,000 customers across 23 southeast Mississippi counties. The company was recognized in 2024 by the Southeastern Electric Exchange for Top Safety Performance in its generation category.
Alabama Power has announced plans to develop Alabama's first utility-scale battery energy storage system (BESS) at the former Plant Gorgas site in Walker County. The new Gorgas Battery Facility will store up to 150 MW of electricity, equivalent to powering approximately 9,000 homes.
The 7-acre facility will feature lithium ion phosphate batteries with a 2-hour duration and recharge capability in just over 2 hours. Construction is scheduled to begin in 2025, with completion expected by 2027. The system will connect directly to the electric grid, allowing it to charge during low-cost periods and discharge during high-cost periods.
The facility aims to enhance grid reliability, support clean energy integration, and provide reserve power for Alabamians. The project represents a sustainable repurposing of the historic Plant Gorgas site, which has served the state since 1917.
Mississippi Power Chairman, President and CEO Anthony Wilson has announced his retirement for summer 2025 after more than 40 years with Mississippi Power and Southern Company. Under Wilson's leadership, the company has achieved significant milestones in safety and reliability, earning recognition from the Southeastern Electric Exchange and Edison Electric Institute.
During Mississippi Power's centennial year, the company has experienced substantial growth, recently securing contracts with two customers totaling approximately 600 MW, which will lead to over $10 billion of investment in southeast Mississippi. Wilson, who began his career with Mississippi Power in 1984, has been instrumental in the company's development, serving more than 192,000 customers across 23 southeast Mississippi counties.
Alabama Power, a Southern Company (NYSE:SO) subsidiary, launches the 26th season of its Renew Our Rivers (ROR) environmental cleanup program starting March 1, 2025. The initiative plans to engage 5,000 volunteers across 28 scheduled cleanup events through October 31.
Building on its 25-year legacy of removing 13.4 million pounds of debris from Alabama waterways through 104,000 volunteers, the program saw significant success in 2024 with 3,400 volunteers removing 107 tons of trash. ROR Coordinator Mike Clelland reports increased volunteer recruitment, particularly among lake associations, with growing participation from students, scout groups, and community members post-pandemic.
The cleanup schedule spans multiple locations including Valley Creek, Lake Eufaula, Logan Martin, and various other waterways across Alabama.
Southern Company (SO) reported Q4 2024 earnings of $534 million ($0.49 per share), down from $855 million ($0.78 per share) in Q4 2023. However, full-year 2024 earnings increased to $4.4 billion ($4.02 per share) from $4.0 billion ($3.64 per share) in 2023.
Operating revenues showed positive growth, with Q4 2024 revenues reaching $6.3 billion, up 4.9% from Q4 2023. Full-year 2024 revenues increased 5.8% to $26.7 billion compared to $25.3 billion in 2023.
The company's adjusted earnings growth was driven by higher utility revenues, partially offset by increased non-fuel operations and maintenance expenses, interest expense, depreciation and amortization, and income taxes.