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.
The Southern Company announced the election of David E. Meador and Lizanne Thomas as independent directors, effective April 1, 2023. Meador, former vice chairman of DTE Energy, brings extensive experience in finance, governance, and corporate culture. Thomas, previously a partner at Jones Day, is recognized for her expertise in corporate governance and mergers. The addition of these directors aims to enhance the board's strategic oversight and governance capabilities in the evolving energy sector. The company continues its commitment to sustainability and innovation, serving 9 million customers across the Southeast.
Southern Company (NYSE: SO) has made significant progress in its diversity, equity, and inclusion (DE&I) efforts, according to its second Moving to Equity report released on February 9, 2023. The report outlines increased representation of people of color and women, enhanced hiring and retention strategies, and substantial investments in community initiatives. In 2022, Southern Company spent $2.1 billion with diverse suppliers, achieving 28% of its goal to increase this to 30% by 2025. Additionally, $225 million is committed to advancing racial equity through 2025, with over $142 million already invested since 2021.
Alabama Power Company has appointed Moses Feagin as its new executive vice president, chief financial officer, and treasurer, effective March 1, 2023. Feagin, who previously served at Mississippi Power, brings over 30 years of experience, beginning his career at Alabama Power in 1987. He succeeds Phil Raymond, who retired in December 2022 after a 13-year tenure. CEO Jeff Peoples praised Feagin's financial and regulatory expertise. Feagin holds a bachelor's degree in accounting from the University of Alabama and is a certified management accountant.
Southern Company (NYSE: SO) announced key executive transitions aimed at strengthening its leadership team as part of a management transition plan. Effective March 1, 2023, David Poroch will take on the roles of comptroller and chief accounting officer, succeeding Ann Daiss, who will retire on May 1. Grace Kolvereid will become the CFO of Southern Company Gas, while Moses Feagin will lead Alabama Power as executive vice president and CFO, also starting March 1. Sterling Spainhour will assume the role of chief legal officer and compliance officer on April 1. The company emphasizes the importance of internal talent development to adapt to changing energy demands.
Southern Company has unveiled its commitment to meet the evolving energy needs of customers and stakeholders. Key initiatives include substantial investments in electric and natural gas infrastructure aimed at maintaining reliable service. The company plans to enhance its lower-carbon generating fleet by integrating renewable resources and retiring uneconomic coal plants, aligning with its net zero greenhouse gas emissions goal by 2050. Southern Company emphasizes workforce sustainability and community engagement while promoting diverse representation. The report serves as a roadmap for stakeholders to understand the company’s strategic alignment with corporate responsibility.
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Southern Company (NYSE: SO) announced a regular quarterly dividend of 68 cents per share, payable on March 6, 2023. Shareholders of record as of February 21, 2023 will receive this payment. The company has consistently paid dividends for over 70 consecutive years, maintaining or increasing the amount each quarter. As a leading energy provider, Southern Company serves 9 million customers across the Southeast, emphasizing a commitment to clean, reliable energy and sustainability, targeting net zero emissions by 2050.
Southern Company (NYSE: SO) will announce its fourth-quarter 2022 earnings on February 16, 2023, at 7:30 a.m. EDT. Following the announcement, CEO Thomas A. Fanning and CFO Daniel S. Tucker will host a conference call for analysts at 1 p.m. EDT to discuss the earnings results. Investors and the public can access a live webcast of the call and a replay will be available for 12 months on their investor relations website. Southern Company serves approximately 9 million customers, providing reliable energy through various subsidiaries and is committed to innovation and low-carbon solutions.
Virginia Natural Gas has launched a new Customer CARE Center in location value="LU/us.va.virach"Virginia Beach, creating over a dozen jobs. This initiative aims to enhance customer service by having local representatives handle customer calls, thereby improving overall experience and satisfaction.
In collaboration with community organizations, the center aims to employ military veterans and individuals with disabilities, reflecting the company’s commitment to community support. The center aligns with Virginia Natural Gas's strategy to evolve its customer service operations, reinforcing its dedication to meeting customer needs effectively.
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