Southern (SO) Stock News

Georgia Power, a subsidiary of Southern Company (NYSE: SO), has received approval from the Georgia Public Service Commission (PSC) to freeze base electricity rates for its 2.8 million customers through at least 2028. The approval follows a stipulated agreement reached in May between Georgia Power and PSC Public Interest Advocacy Staff.

The rate freeze plan comes amid Georgia's significant economic growth and increased electricity demand. The company will address costs related to Hurricane Helene restoration and other storm-related expenses through 2025 in a separate regulatory proceeding expected in the first half of 2026.

This development builds on previous regulatory initiatives, including the 2023 IRP Update and revised PSC-approved rules addressing "large load" users. Georgia Power maintains a diverse generation mix including nuclear, coal, natural gas, and renewables to serve customers across 155 of Georgia's 159 counties.

Southern Company (NYSE:SO) announced that its subsidiaries Virginia Natural Gas and Chattanooga Gas have completed new renewable natural gas (RNG) purchases, expanding their clean energy portfolio. The transactions will reduce lifecycle emissions by 18,978 metric tons of CO₂e, equivalent to carbon sequestered by 19,036 acres of U.S. forests annually.

The purchases involve acquiring environmental attributes from RNG facilities in Texas, following their initial RNG purchases in 2023. The initiative is supported by favorable policies in Virginia and Tennessee, including Virginia's Energy Innovation Act and Tennessee's Natural Gas Innovation Act. Additionally, Virginia Natural Gas is collaborating with Hampton Roads Sanitation District to develop a new RNG facility at the Atlantic Treatment Plant.

Southern Company (NYSE:SO) has announced it will release its Q2 2025 earnings report on July 31, 2025, at 7:30 a.m. ET. CEO Christopher C. Womack and CFO Daniel S. Tucker will host a conference call at 1:00 p.m. ET the same day to discuss the results with financial analysts.

The conference call will be accessible to investors, media, and the public through a live webcast on the company's investor relations website. A replay of the webcast will remain available for 12 months following the presentation.

Georgia Power (SO) has announced a comprehensive suite of energy efficiency resources to help customers manage their energy consumption and costs during the summer season. The company offers various energy-saving tips including proper air filter maintenance, strategic lighting usage, and optimal timing for appliance use. Through their EASE Program, qualifying low-income households can receive free home upgrades like LED bulbs and attic insulation. The company provides digital tools such as My Power Usage for consumption tracking and threshold alerts. Additional assistance includes the Income Qualified Portal, Project Share partnership with The Salvation Army, and various rate options like FlatBill and PrePay. Georgia Power serves 2.8 million customers across Georgia with rates below the national average.

Georgia Power and Mitsubishi Power have successfully completed groundbreaking hydrogen fuel blending tests at Plant McDonough-Atkinson in Smyrna, Georgia. The demonstration achieved a 50% hydrogen-natural gas blend on an M501GAC gas turbine, marking the world's largest test of its kind on an advanced class turbine. The blend resulted in a 22% reduction in CO2 emissions compared to pure natural gas operation. The testing, conducted in May-June 2025, followed a 2022 test that achieved 20% hydrogen blending. The turbine, recently converted from steam-cooled to air-cooled with J series combustion technology, demonstrated successful operation at both partial and full load. Plant McDonough-Atkinson, serving Atlanta for over 80 years, can power up to 1.7 million homes and operates with six advanced gas turbines and three steam turbines. Natural gas currently provides 40% of Georgia Power's annual energy generation, and the company has reduced carbon emissions by over 60% since 2007.

Algonquin Power & Utilities Corp (TSX/NYSE: AQN) has appointed Noel Black as Chief Regulatory and External Affairs Officer, effective June 30, in a newly created position. Black, who brings over 30 years of experience from Southern Company (NYSE:SO), will lead AQN's regulatory strategy, government relations, and external communications. Reporting to CEO Rod West, Black will focus on advancing Algonquin's pure-play utility objectives and 'Back to Basics' customer-centric plan. In his previous role, Black served as Senior VP of Federal Regulatory Affairs at Southern Company, where he managed regulatory policy, governmental affairs, and strategic planning for a utility serving over nine million customers. His appointment aligns with AQN's strategy to enhance customer service, regulatory relationships, and stakeholder engagement.

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.