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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 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.
Georgia Power, a subsidiary of Southern Company (NYSE: SO), introduced a new Customer Protection Pledge to guide how state growth benefits customers. The pledge outlines six commitments, including protecting rates, ensuring new large-energy users pay their way, investing in grid reliability, and negotiating fairly for property.
According to Georgia Power, its strategy has supported an earlier base rate freeze and a plan to provide annual savings of $102 for a typical residential customer beginning in 2029. The company notes its average rates have been about 15% below the national average since 1990 and highlights grid investments that improved reliability for more than 500,000 customers in 2025.
ComEd, Nicor Gas, North Shore Gas and Peoples Gas honored Mercy Housing Lakefront with the Multi-Family Energy Savings Premier Partner Award for 2022–2025 energy efficiency work in more than 2,000 affordable units.
Projects earned over $1.5 million in incentives, are expected to save 417,000 kWh of electricity and 48,000 therms of natural gas, and have helped reduce energy costs by nearly $650,000 while cutting carbon emissions.
Georgia Power, a subsidiary of Southern Company (NYSE: SO), opened enrollment for its new CARES Customer Identified Resource (CIR)/b) program, approved in the 2025 IRP. CARES CIR lets commercial and industrial customers propose and subscribe to additional renewable projects at value-creating prices.The program is approved for up to 3,000 MW of new renewables, split between utility-scale and distributed generation. Georgia Power has procured more than 2,200 MW of new solar in the last two years and signed 752 MW of PPAs through the CARES 2025 RFP.