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.
Southern Company (NYSE: SO) provides essential energy services to millions across the Southeastern United States through electric utilities, natural gas distribution, and innovative infrastructure solutions. This news hub offers investors and stakeholders direct access to the company's official communications and strategic developments.
Stay informed with verified updates spanning earnings announcements, regulatory milestones, grid modernization projects, and sustainability initiatives. Our curated collection ensures timely access to filings, operational updates, and leadership insights directly affecting SO's market position.
Key coverage areas include rate case decisions, renewable energy partnerships, infrastructure investments, and technology deployments. Track the company's progress in balancing traditional utility operations with emerging energy solutions while maintaining regulatory compliance.
Bookmark this page for streamlined monitoring of SO's financial performance, dividend declarations, and long-term growth strategies. Regular updates provide critical context for evaluating this utility leader's role in America's evolving power sector.
Georgia Power has announced a groundbreaking project at Plant Bowen to excavate millions of tons of coal ash for beneficial use in construction materials like concrete. This initiative represents the largest beneficial use project in the U.S. The collaboration with Eco Material Technologies aims to extract and repurpose up to 9 million tons of ash, significantly impacting infrastructure development while reducing landfill usage. The project is set to begin ash removal by 2024, targeting an annual extraction of 600,000 tons.
Georgia Power has submitted a proposal to the Georgia Public Service Commission, seeking permission to invest nearly $7 billion in enhancing electric grid reliability and expanding renewable energy resources over the next three years. The initiative includes doubling solar energy generation and transitioning away from coal, with plans to retire approximately 3,600 MW of coal- and oil-fired generation by 2028. If approved, residential rates will increase by nearly 12%, totaling $16.29 over three years, which is lower than inflation rates.
Alabama Power has received two Edison Electric Institute (EEI) Emergency Response Awards for its recovery efforts after severe weather events. The awards highlight the company's commitment to restoring power swiftly following disruptions caused by storms and extreme weather, including Winter Storm Landon and severe thunderstorms in Alabama. Alabama Power deployed significant resources, including 173 lineworkers and 178 trucks, to assist in recovery efforts. The company has now earned this award 31 times since 1998, reflecting its dedication to customer service and operational excellence.
Virginia Natural Gas has launched an Energy Efficiency Program to help customers save energy and money as summer temperatures rise. Key tips include:
- Regularly changing air filters to improve HVAC efficiency.
- Adjusting thermostats to higher settings for lower energy consumption.
- Sealing air leaks to maintain cool air indoors.
- Maintaining HVAC systems to ensure optimal performance.
For more tips, customers are directed to visit virginianaturalgas.com/energyefficiency.
Southern Company has appointed Dr. Mark S. Berry as the new senior vice president of its Research & Development (R&D) group. Dr. Berry, who previously served as vice president of R&D and Environmental & Natural Resources for Georgia Power, will lead efforts to advance clean energy technologies. With over 50 years of research experience, Southern Company aims to innovate in areas such as low-carbon technologies, energy storage, and grid modernization. The company serves 9 million customers and is committed to a net-zero future, focusing on delivering reliable and affordable energy solutions.
Georgia Power is ready to address heightened electricity demand as high temperatures soar into the mid-90s across Georgia. The company encourages customers to manage their electricity use wisely to minimize bills. Efficiency tips include setting thermostats to 78°F, using ceiling fans, and keeping air vents clear. Georgia Power offers several resources like the My Power Usage program and a free online energy checkup to help customers save. For further assistance, Georgia Power provides rebates and free energy efficiency upgrades through its various programs.
Mitsubishi Power and Georgia Power have successfully validated the first 20% hydrogen fuel blending on an advanced-class gas turbine at Plant McDonough-Atkinson in Georgia. This project, supported by the Electric Power Research Institute, achieved a 7% reduction in CO2 emissions compared to traditional natural gas operations. The testing demonstrated compliance with emissions regulations and no impact on maintenance intervals. Georgia Power has previously reduced carbon emissions by over 60% since 2007, reflecting a strong commitment to sustainable energy solutions.
Virginia Natural Gas has announced safety guidelines for customers ahead of the 2022 hurricane season, which has already seen its first storm, Alex. Predictions from the Climate Prediction Center suggest an above-average season, with 14-21 named storms anticipated. The company emphasizes the importance of keeping natural gas meters operational to prevent flooding issues and offers various safety tips for meter and appliance handling during storms. Customers are encouraged to stay informed through various communication channels and to prepare personal emergency kits.
Georgia Natural Gas® (GNG) has announced a milestone in its Greener Life® program, achieving the offset of 100 million pounds of carbon emissions, equivalent to over 110 million miles driven by a gasoline vehicle. In celebration of World Environment Day on June 5, 2022, GNG will purchase an additional 10 million pounds of carbon offsets. The program allows customers to neutralize their natural gas usage, with offsets calculated monthly based on their emissions. GNG partners with local environmental projects, ensuring a net-zero greenhouse gas impact for participants.
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