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 has launched Installment Payment Plans to support customers recovering from Hurricane Helene. Eligible customers can pay their current account balance over 2, 4, or 6 months in equal installments. This initiative follows previously announced customer assistance measures, including suspended disconnections, waived late fees, and paused collection activities through December 15, 2024.
Enrollment for these plans is open until November 30, 2024. Customers can sign up online or through an automated phone system. The company encourages customers to maintain their regular billing cycle to avoid falling behind. Georgia Power's response to Hurricane Helene involved over 20,000 personnel, restoring power to more than 1.5 million customers. The Southern Company system has also pledged $3 million to support recovery efforts.
Southern Company has announced a regular quarterly dividend of 72 cents per share on its common stock. The dividend is payable on December 6, 2024, to shareholders of record as of November 18, 2024. This announcement continues Southern Company's impressive track record of 77 consecutive years of paying dividends that are either equal to or greater than the previous quarter. This consistent dividend payment history demonstrates the company's commitment to providing steady returns to its shareholders and reflects its financial stability.
Georgia Power is monitoring Hurricane Milton in the Gulf of Mexico and preparing to respond to potential impacts in South Georgia as early as Thursday. The company is coordinating with state and local emergency partners and maintaining crews in Central and South Georgia. Georgia Power campgrounds at Lakes Oconee and Harding are open for evacuees, with normal campsite fees waived.
As part of a mutual assistance network, Georgia Power can tap into reinforcements when needed, as it did during Hurricane Helene. The company offers multiple ways for customers to stay informed, including Outage Alerts, an Outage & Storm Center, an interactive Outage Map, and a mobile app. Georgia Power also provides safety tips for before, during, and after storms.
Georgia Power has extended and expanded customer assistance programs following Hurricane Helene, the most destructive hurricane in its history. The company has suspended disconnections, waived late fees, and paused collection activities for residential and business customers through December 15, 2024. Georgia Power has restored power to over 1.5 million customers, representing 99% of those impacted by the storm.
The company offers various programs to help customers manage energy costs, including the Project SHARE program with the Salvation Army and the Income-Qualified Discount. Georgia Power encourages customers to use online tools like My Power Usage to track and manage energy use. The Southern Company system, including Georgia Power, has pledged $3 million to support recovery efforts.
Georgia Power has restored power to over 1.3 million customers, representing more than 95% of those impacted by Hurricane Helene, the most destructive hurricane in the company's history. Intensive restoration efforts continue in the hardest-hit areas, particularly Augusta, where 80% of affected customers have been reconnected. Approximately 50,000 customers remain without power.
The hurricane caused widespread destruction across Georgia, with more than 20,000 personnel involved in the rapid response. Damage estimates include 8,300+ power poles, 21,000+ spans of wire, and 2,000+ transformers that need repair or replacement. Georgia Power has mobilized additional resources from other states and Canada to aid in the response.
The company estimates that up to 8,000 customer homes may not be safely reconnected due to electric service entrance damage. Georgia Power continues to update estimated restoration times on its Outage Map and emphasizes safety precautions for customers in affected areas.
Southern Company has announced the release of its third-quarter 2024 earnings on Thursday, October 31, 2024. The earnings will be made public by 7:30 a.m. ET. Following the release, a conference call for financial analysts will be held at 1 p.m. ET on the same day. The call will feature discussions by Christopher C. Womack, Chairman of the Board, President and CEO, and Daniel S. Tucker, CFO.
Investors, media, and the public can access a live webcast of the conference call through the company's investor relations website. A replay of the webcast will remain available on the site for 12 months following the call.
Georgia Power has restored power to over 1.2 million customers, representing more than 90% of those impacted by Hurricane Helene, the most destructive storm in the company's history. The company expects to reach 95% total restoration by Saturday. More than 20,000 personnel are engaged in the response, with efforts intensifying in the hardest-hit areas.
Key damage statistics include:
- 8,300+ power poles to be repaired or replaced
- 21,000+ spans of wire damaged (approx. 1,000 miles)
- 1,600+ transformers damaged
- 3,200+ trees on power lines to be addressed
Georgia Power has restored power to over 1 million customers impacted by Hurricane Helene, representing about 80% of all affected customers. The company's response has grown to 20,000 personnel working across the state. Approximately 278,000 customers remain without power due to severe damage in coastal, eastern, and southern Georgia.
The company's Outage Map shows the highest concentration of outages in areas like Augusta, Valdosta, and Savannah. Crews are facing challenges such as impassable roads and extensive tree damage. Updated damage estimates include 8,000+ power poles to be repaired or replaced, 21,000+ spans of wire, and 1,500+ transformers.
Georgia Power continues to post updated estimated restoration times on its Outage Map and encourages customers to check it frequently for the latest information.
Georgia Power continues its response to Hurricane Helene, the most destructive hurricane in the company's history. As of midday Monday, power has been restored to over 840,000 customers, with approximately 370,000 still without power. The company has deployed more than 15,000 personnel for restoration efforts, including crews from other states.
The hurricane caused extensive damage, including:
- 7,000+ power poles needing repair or replacement
- 15,000+ spans of wire (over 700 miles) affected
- 1,200+ transformers damaged
- 3,000+ trees on power lines
Restoration efforts are ongoing, with crews converging on the hardest-hit areas in coastal, eastern, and southern Georgia. The company is utilizing smart grid technologies and pre-positioned teams to expedite the restoration process. Georgia Power continues to update its Outage Map with estimated restoration times for affected communities.
Georgia Power has released key damage statistics from Hurricane Helene, describing it as the most destructive hurricane in the company's history. As of midday Sunday, approximately 690,000 customers have had their power restored, with efforts underway to restore service to the remaining 425,000 customers. The storm's damage includes:
- 5,000+ power poles needing repair or replacement
- 9,000+ spans of wire (425 miles)
- 500+ transformers
- 1,500+ trees on power lines
Georgia Power has mobilized over 15,000 personnel for the response, including support from other companies. The company expects restoration efforts to continue into the next week and urges customers to check the Outage Map for updated estimated restoration times.