Southern (SO) Stock News

Georgia Power announced the election of Steven R. Ewing to its board of directors on April 12, 2023. Ewing, who is the owner, president, and CEO of Wade Ford in Smyrna, Georgia, brings over 30 years of experience in the automotive industry. Wade Ford, the oldest Ford dealership in metro Atlanta, is also one of the largest Black-owned dealerships in the U.S. Ewing has prioritized exceptional customer service and community support through his dealerships.

Kim Greene, chairman of Georgia Power, highlighted Ewing's entrepreneurial spirit and expertise in e-mobility as valuable assets to the company. He is involved in various local organizations and has received awards for his public service. Georgia Power, a subsidiary of Southern Company (NYSE: SO), serves 2.7 million customers across Georgia, focusing on reliable and clean energy solutions.

NORTHAMPTON, MA / ACCESSWIRE / April 10, 2023 / Southern Company recently participated in a White House roundtable focused on cybersecurity in the Black community, featuring Curley Henry, VP and Deputy Chief Information Security Officer. This event honored Black History Month and aimed to tackle crucial issues like access to good jobs and economic security.

During the discussion, Henry emphasized the importance of enhancing cybersecurity and promoting pathways to tech jobs for underrepresented groups. The event also announced a significant funding initiative of approximately $90 million aimed at supporting cybersecurity apprenticeships. Henry expressed optimism about advancing diversity, equity, and inclusion in cybersecurity with governmental support.

Southern Company has announced a record charitable donation of $5.5 million from the 2022 TOUR Championship, significantly up from $3.7 million in 2021. This donation supports affordable housing initiatives in East Lake, with a focus on providing permanent homeownership for local residents by fall 2025. The TOUR Championship has raised over $48 million for regional nonprofits since 1998, benefiting organizations like the East Lake Foundation and First Tee - Metro Atlanta. Additionally, a Charity Challenge raised $1.385 million, featuring notable athletes. The 2023 tournament will take place August 23-27 at East Lake Golf Club.

Southern Company (NYSE: SO) will release its first-quarter earnings for 2023 on April 27, 2023, at 7:30 a.m. EDT. Following this, a conference call with Chairman and CEO Thomas A. Fanning, President Christopher C. Womack, and CFO Daniel S. Tucker will take place at 1 p.m. EDT on the same day. Investors and the public can access the live webcast of the conference call through the company's investor relations website. The company serves approximately 9 million customers in the Southeast and is committed to providing clean, reliable energy while aiming for net zero greenhouse gas emissions by 2050.

NORTHAMPTON, MA / ACCESSWIRE / April 4, 2023 / The National Carbon Capture Center (NCCC), operated by Southern Company, is making significant strides in carbon management technologies. This state-of-the-art facility collaborates with global innovators to develop technologies aimed at reducing greenhouse gas emissions from power plants and industrial operations. The NCCC functions as a neutral test site to assess emerging technologies in real-world conditions, driving them closer to commercialization.

Georgia Power has reached a major milestone at its Vogtle nuclear expansion project, as Unit 3 generated electricity for the first time and successfully connected to the grid. Unit 4 has commenced hot functional testing, a crucial step before initial fuel loading. The projected in-service date for Unit 3 is between May and June 2023, while Unit 4 is expected to begin operations in late 2023 or early 2024. These units will provide clean energy to over 500,000 homes and businesses. With a commitment to clean, reliable energy, Georgia Power emphasizes long-term investments in nuclear power.

Northern Illinois Community Initiatives (NICI), a foundation by Nicor Gas, has launched Northern Illinois Community Ventures (NICV), a $1 million economic development program aimed at supporting small business startups and women and minority entrepreneurs in Illinois.

In partnership with Allies for Community Business, NICV will invest $250,000 annually over four years in communities like Cook County, Joliet, and Rockford. The initiative will place funds into First Women's Bank, designed to facilitate access to capital for women-led businesses. This program responds to the unique challenges faced by these businesses post-pandemic, aiming to enhance their growth opportunities amidst rising lending rates.

Southern Company is committed to environmental sustainability and aims for net zero greenhouse gas emissions by 2050. The company is focusing on reducing both Scope 1 and Scope 2 emissions, while engaging partners to lower Scope 3 emissions. Key strategies include transitioning away from coal, increasing reliance on natural gas, and expanding the zero-carbon resource portfolio. By 2028, Southern plans to have only eight coal units remaining, significantly decreasing its coal generation capacity. Additionally, the company emphasizes a Just Transition to support employees and communities during these changes.

Southern Company is advancing its commitment to historically Black colleges and universities (HBCUs) by fostering investments and partnerships that promote future leadership among students. During a recent event for Black History Month, Mark Berry, senior vice president of research and development at Southern Company Services, led a discussion with Bobbie Knight, president of Miles College, and Tony Allen, president of Delaware State University. The dialogue focused on the significant impact of corporate investments on HBCUs and their role in shaping Black leaders. This initiative represents Southern Company's strategic focus on community support and education.