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.
On March 27, 2023, Alabama Power announced key leadership changes aimed at enhancing its economic development and environmental stewardship. Leigh Davis was appointed senior vice president of Marketing and Economic Development, while Nicole Faulk will serve as senior vice president of Sustainability and Environmental Affairs. Brandon Dillard has been named senior vice president and senior production officer. These appointments, effective April 3, are designed to ensure reliable service and meet customer needs, with each leader bringing extensive experience and expertise to their roles.
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Southern Company aims to enhance its energy systems' reliability and resilience while transitioning to cleaner fuel sources. With a planned investment of $17 billion from 2022 to 2026 in electric transmission and distribution (T&D) systems, the company is focusing on upgrading infrastructure, deploying distributed generation solutions, and minimizing physical risks. As part of EPRI's Climate READi initiative, Southern Company is collaborating with global leaders to address climate risks. Ongoing innovations are essential for providing reliable, affordable energy amidst increasing severe weather and evolving customer needs.
On March 21, 2023, Alabama Power announced two new incentives aimed at encouraging residential customers to adopt electric vehicles. The EV Home Charger Rebate provides a one-time rebate of $500 for purchasing and installing a Level 2 charger, which allows for faster charging. The EV Night Charging Discount offers reduced rates for charging during off-peak hours, specifically from 9 p.m. to 5 a.m. These programs are designed to enhance energy efficiency and support customers in transitioning to new technologies. For additional information, customers can visit Alabama Power's website.
Virginia Natural Gas (VNG) has launched a five-year pilot program approved by the Virginia State Corporation Commission to promote renewable natural gas (RNG) production within its service territory. This initiative is part of VNG's Sustainable Gas Program, aiming for net-zero direct greenhouse gas emissions by 2050. VNG will integrate RNG into its distribution system, marking it as the first local distribution company in Virginia to establish a Commission-approved tariff for RNG interconnections. The initiative supports a clean energy future and enhances local economies while reducing greenhouse gas emissions.
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Southern Linc, a subsidiary of Southern Company (SO), has recognized Rich Wiltfang as the 2022 Dealer of the Year for exceptional sales performance. Wiltfang, based in Brunswick, Georgia, is celebrated for being the top sales generator in the company's independent dealer network. He marks his 20th year with Southern Linc, noted for his engaging business name, 'Somebody Call Me'. The recognition occurred during the 2023 Sales Summit in Gulf Shores, Alabama. Wiltfang will be rewarded with a trip to the Grand Cayman Islands alongside other top salespeople. Southern Linc provides secure wireless services across Georgia, Alabama, and Southeast Mississippi.
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