Southern Stock Price, News & Analysis

The Atlanta Area Council, Boy Scouts of America, has partnered with Georgia Natural Gas to join the Greener Life® for Business program. This initiative enables organizations to offset their carbon emissions from natural gas usage without disrupting operations or incurring additional costs. Georgia Natural Gas will retire carbon offsets quarterly to ensure carbon neutrality for participating customers. The program reflects Southern Company Gas's commitment to sustainability, aiming to inspire local businesses to adopt similar measures for a cleaner energy future.

On October 27, 2021, the Atlanta Gas Light Foundation announced a $150,000 donation to the Technical College System of Georgia (TCSG). This funding aims to enhance HVAC and Pipefitting programs and address financial gaps for students, as many are forced to leave due to unpaid fees. The initiative reflects a broader commitment by Southern Company Gas, which plans to donate $700,000 to various organizations focused on education and community support. Atlanta Gas Light emphasizes the importance of providing students with the tools needed for career success.

Georgia Power has revised the schedule for its Vogtle 3 & 4 nuclear expansion project, now projecting Unit 3 in-service by Q3 2022 and Unit 4 by Q2 2023. This delay is due to ongoing construction challenges and the need for extensive safety testing. Unit 3 is 99% complete, with total project progress at 95%. A peak rate impact of approximately 10% on retail customers is expected, but protective measures may save customers about $1.3 billion. The project is vital for providing carbon-free energy and has created over 7,000 construction jobs.

Southern Company has declared a quarterly dividend of 66 cents per share on its common stock, payable on Dec. 6, 2021, to shareholders on record by Nov. 15, 2021. This maintains the company's long-standing commitment, as it has paid equal or increased dividends every quarter for over 70 years. Serving around 9 million customers across multiple states, Southern Company is recognized for providing reliable and affordable energy through diverse resources, with a focus on a low-carbon future.

Nicor Gas has launched the Northern Illinois Community Initiatives (NICI) to drive economic development in severely under-resourced areas of Northern Illinois. Funded by $20 million from Southern Company Gas and an additional $250,000 grant, NICI aims to collaborate with local entities to revitalize communities that lack investment. Initial grants will support projects like a feasibility study for the Wood Street corridor and the establishment of an e-commerce hub in Matteson. The initiative responds to the growing economic distress in these communities, exacerbated by COVID-19.

Southern Company announced the election of Kristine L. Svinicki as an independent director, effective October 17, 2021. Svinicki, former chairman of the U.S. Nuclear Regulatory Commission, brings extensive experience in energy policy and nuclear technologies. She joins the Business Security and Resiliency and Operations, Environmental and Safety Committees. Southern Company emphasizes its commitment to corporate governance and diversity through this appointment, positioning itself to better address future energy challenges.

The board of directors of Alabama Power Company has announced regular quarterly dividends on preferred stock, effective for the quarter ending December 31, 2021. The dividends include: 4.20% at $1.05, 4.52% at $1.13, 4.60% at $1.15, 4.64% at $1.16, 4.72% at $1.18, and 4.92% at $1.23 per share. Class A Preferred Stock dividends will be at 5.00% or $.3125 per share. Payment is scheduled for January 1, 2022, to shareholders recorded by December 17, 2021. Alabama Power serves approximately 1.5 million customers in Alabama and is a subsidiary of Southern Company (NYSE:SO).